Property, Rentals, Transactions

Property, Rentals, Transactions

BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY APPROVES INCENTIVES FOR MOVE OF 2 RONKONKOMA BUSINESSES

Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced that the agency has closed on an economic assistance package that will allow two Ronkonkoma businesses to relocate to a 25,000 square foot building in Yaphank

Consumers’ Inflation and Household Finance Expectations Strengthen

The August 2016 Survey of Consumer Expectations shows an increase in both short-term and medium-term inflation expectations. In particular, the median year-ahead inflation expectations reached its highest level of the year. Median expected household income growth also increased (for the third month in a row) to its highest level since May of 2015. Labor market expectations were mixed: Expectations about finding a job and earnings growth both improved, but the perceived probability of losing a job and expectations about the unemployment rate both increased slightly.
Capital Pacific

Capital Pacific Sells Aspen Dental in Olean, New York

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor.

Governor Cuomo Announces $29.7 Million in Grants for North Country Water Infrastructure Improvements

Governor Cuomo today announced $29.7 million in grants to support 18 critical municipal water infrastructure projects in the North Country. These grants are part of the second round of NYS Water Grants funded through the state’s highly successful Water Infrastructure Improvement Act

Following Report of Lowest Homeownership Rate Since 1965, Maloney Calls for Passage of His...

Following reports of homeownership dipping to its lowest level since 1965, Representative Sean Patrick Maloney has renewed calls for passage of legislation he introduced last year to make it easier for first-time homebuyers to save for a down payment. Current law allows first time homebuyers to make penalty-free withdrawals from their IRA to go toward the purchase of a home. However, the current limit of $10,000, which was enacted nearly 20 years ago and not indexed to inflation, has not kept up with rising costs and stagnating wages. Rep. Maloney’s bipartisan First Time Homeowner Savings Plan Act would help the law catch up, by increasing the limit to $25,000 for first time homebuyers.

JULY 27 WEBCAST ON RFP FOR PURCHASE AND DEVELOPMENT OF 27–ACRE HARRIMAN CAMPUS PARCEL...

A webcast on the request for proposals (RFP) that has been issued by the New York State Office of General Services (OGS) for the purchase and development of 27 acres of prime real estate in the Governor W. Averell Harriman State Office Campus in Albany will be held on Wednesday, July 27 at 11:00 a.m.

County Executive Mike Hein Launches Campaign Promoting Ulster County As Perfect Home For Tech...

Ulster County Executive Mike Hein visited Karina Dresses in uptown Kingston, a business that recently relocated from Brooklyn, to announce the launch of two advertising campaigns by the Ulster County Economic Development Alliance focused on promoting Ulster County as the ideal place to live and develop and grow business in today’s always connected economy.

New York State homes sales up more than 15 percent through the first half...

Driven by a very strong second quarter, home sales were up by 15.4 percent though the first six months of 2016 compared to the first half of 2015, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price increased by 2.2 percent compared to a year ago at the end of the June

$10.6 Million Long Pond Senior Housing Opens In Town Of Greece

Rochester’s Cornerstone Group, Ltd., New York State Homes and Community Renewal, PathStone Corporation, Community Preservation Corporation, and partners today announced the opening of Long Pond Senior Housing, the first phase of a 120-unit housing development in the Town of Greece that provides 54 one and two-bedroom apartments with support services to help income-eligible and frail seniors remain independent.

Ulster County Executive Mike Hein Signs Local Laws To Increase Property Tax Exemptions For...

Ulster County Executive Mike Hein signed into law legislation that he previously proposed to enhance real property tax exemptions available to Ulster County Veterans. Based upon new exemption levels recently adopted by the New York State Legislature, this legislation ensures that Ulster County continues to grant its Veterans the most up-to-date exemptions allowable under New York State Real Property Tax Law.

AFFORDABLE SENIOR HOUSING IN WEBSTER NOW LEASING

Conifer is pleased to announce that, in partnership with Volunteers of America Upstate New York (VOAUPNY), a brand new, 60-unit, senior apartment community is now leasing in Webster!

MAYOR DE BLASIO, U.S. SENATOR SCHUMER ANNOUNCE PURCHASE OF DISTRESSED HOME-OWNER MORTGAGES FROM FEDERAL...

Mayor Bill de Blasio; U.S. Senator Chuck E. Schumer; Council Speaker Melissa Mark-Viverito; Council Members Daniel Garodnick, Daneek Miller and Donovan Richards; a number of not-for-profit organizations; and Goldman Sachs as financing partner, today announced the purchase of 24 distressed mortgages for one- to four-family homes – with a total of 41 residential units – in the Bronx, Brooklyn, Queens and on Staten Island.

New York State May home sales up nearly 10 percent; growth trend reaches 16...

With a nearly 10-percent increase in home sales compared to May 2015, the New York State housing market posted its 16th consecutive month of growth compared to the same month in the prior year, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 3.2 percent compared to a year ago.

Assembly Announces Passage of Legislation to Combat Neighborhood Blight and “Zombie” Homes in New...

Speaker Carl Heastie, Judiciary Committee Chair Helene Weinstein, Banks Committee Chair Annette Robinson and Assemblymember Michelle Schimel today announced the passage of legislation that is part of a three-way agreement to combat the rising problem of abandoned residential properties by creating new obligations for mortgage owners and lenders to maintain property which has been rendered vacant and abandoned

Flatiron/23rd Street Partnership Celebrates 10 Years of Partnerships at Annual Meeting on June 7th

Partnership Elects New Board Members, Presents Awards to New York City Dept. of Small Business Services, Honors Security Efforts, Unveils Video Focusing on Neighborhood Transformation

Supreme Court Decision Victory for Private Property Owners

Tom Reed issued the following statement in the wake of the recent unanimous Supreme Court ruling in Army Corps of Engineers v. Hawkes Co. Inc. The ruling allows private property owners to appeal how their land is classified by the Corps, and therefore the types of regulations land is subject to, in Federal court

Home Price Growth Expectations Decline, but Consumers’ Outlook on Housing Remains Positive

The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.

Mangano Helps Homeowners File For Property Tax Relief By Offering July Workshops

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in July at libraries and community meeting halls throughout Nassau County

NY REALTORS, Senator Little, Assemblymember Ramos push for first-time homebuyer savings program

The New York State Association of REALTORS (NYSAR) was joined by New York State Senator Betty Little (R-Glens Falls) and Assemblymember Phil Ramos (D-Brentwood) on REALTOR Lobby Day in support of the NY First Home legislative proposal designed to assist New Yorkers in their quest to become first-time homeowners. The program would create a new tax-free savings account to help cover costs associated with the purchase of a first home in the state

Sullivan County Accepting Agricultural District Applications

Sullivan County is accepting applications from property owners seeking to be included in New York State Agricultural Districts 1 and 4, for a 30-day window beginning April 1st and ending April 30th. New York State Agricultural Districts are geographic areas that consist predominantly of viable agricultural land. Agricultural operations within the districts are afforded benefits and protections to promote the continuation of farming and the preservation of agricultural land.

City of Utica Homeowner Occupied Rehabilitation Program Funding is Now Available

The HomeOwnership Center (HOC), headquartered in Utica, NY, is now accepting applications for the City of Utica’s Homeowner Occupied Rehabilitation Program. Rehabilitation projects funded under this grant are targeted to be completed during 2016

MAYOR DE BLASIO AND ATTORNEY GENERAL SCHNEIDERMAN: $10 MILLION FROM TAX PROGRAM CRACKDOWN WILL...

Mayor Bill de Blasio and Attorney General Eric T. Schneiderman today announced the initial financing for nearly 600 new affordable apartments across the city, paid for by $10 million in settlements with property owners who violated the law. The new homes will serve formerly homeless New Yorkers, low-income families, veterans, seniors and people with mental health and substance abuse challenges.

New York State housing market stays hot in January

The New York State housing market started the new year on a strong note as closed sales jumped more than 13 percent compared to January 2015 to reach 7,640, according to the housing market report released today by the New York State Association of REALTORS (NYSAR). The January 2016 statewide median sales price remained unchanged compared to a year ago

HPD PUBLISHES LIST OF 250 DISTRESSED PROPERTIES IN THE LATEST ROUND OF HPD’S ALTERNATIVE...

New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been released the new list of residential buildings that have been placed into the agency’s Ninth Round of the Alternative Enforcement Program (AEP). The AEP is aimed at increasing the pressure on the owners of the City’s multifamily residential buildings that have fallen into disrepair, many of which are rent-regulated, to bring the properties up to code so that the residents are not forced to live in substandard and hazardous conditions.

Governor Cuomo Launches Initiative to Return Thousands of New York City Apartments to Rent...

Governor Cuomo announced a major initiative to return up to 50,000 illegally deregulated apartments to rent regulation, restoring rights to thousands of tenants. The owners of the targeted buildings are receiving J-51 tax benefits and claim to be exempt from rent regulation, contrary to the law. Each will be instructed via a letter to re-register their units.

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ENGEL COSPONSORS MYDATA ACT TO PROTECT INTERNET PRIVACY

Congressman Eliot Engel, a leading member of the House Energy & Commerce Committee, has cosponsored the MYDATA Act, a bill that would protect broadband users from unfair or deceptive practices relating to privacy or data security.

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Partnership for New York City Calls on State Lawmakers to Address...

The  Partnership for New York City, which represents the city’s largest private sector employers, investors and leading entrepreneurs, called on the New York State Legislature to permanently extend mayoral control, lift the charter school cap and grant design-build contracting authority to New York City agencies before this legislative session concludes