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Real Estate

Greenburgh Assessor Tells Realtors Property Taxes Are Still Going Up

by Barrett Seaman –  Whenever Greenburgh Town Assessor Edye McCarthy calls a meeting for area realtors, they come—but not without a good deal of trepidation. The 2015-16 town-wide reassessment of property values sent a shock wave through the system that is still being felt, especially in upscale districts like Irvington, Dobbs Ferry, Edgemont and Hastings, where home values were hit ... Read More »

Real Estate Investor Looks to Tame Cortlandt Street

by Elaine Marranzano –  The tornado-force winds of change are blowing down Cortlandt Street in Sleepy Hollow in the form of Billy Procida, a high-profile, feisty, real estate lender who is the new owner of eight mixed-use buildings on the beleaguered inner-village street. Procida acquired the properties when previous owner Cirilo Rodriquez defaulted on a $9.5 million loan from Procida’s ... Read More »

Rivertowns Square Is Open for Business—and Nearly Finished

by Mitchell Bard  Rising out of undeveloped land on the west side of the Saw Mill River Parkway in Dobbs Ferry, the buildings of Rivertowns Square are hard to miss. After six years of anticipation–some positive, some concerned, depending on whom you talk to—the large, mixed-use development is now springing to life. With the luxury iPic movie theater and City ... Read More »

Questions Remain About Eligibility For Tarrytown Affordable Housing

by Alexander Roberts After more than a decade of fights over size and design, Tarrytown’s affordable housing project at 21Wildey Street is well on its way to a projected completion date of November 30.  But a new controversy has arisen over how to define “affordable,” which will determine who is eligible for the 12 new apartments. The development was authorized under ... Read More »

Tarrytown Station Area Project to Integrate with Village’s Revised Comprehensive Plan

by Robert Kimmel Rather than focusing primarily on the project investigating prospective developments within its train station area and waterfront, Tarrytown is broadening its perspective to include that task within a fully revised village-wide Comprehensive Plan. Tarrytown’s Board of Trustees’ recent action integrating the Station Area Study into the Comprehensive Plan was based partially on the fact that it has ... Read More »

East Parcel in Sleepy Hollow Moves Closer to Development

East Parcel Sleepy Hollow old GM plant

by Robert Kimmel The “East Parcel,” the 29-acre section of the former General Motors site set aside for use by the Village of Sleepy Hollow, is one important step closer to achieving its purpose. A mandatory environmental review process for the parcel was formally completed by the Sleepy Hollow Local Development Corporation, (SHLDC) at a public board meeting late last ... Read More »

A First Peek At Projected Greenburgh Property Tax Rates

By Barrett Seaman In the final week in March, Greenburgh Town Assessor Edye McCarthy told a gathering of local realtors that they could expect tax rates in the year ahead to run from 3.2% to 3.7% of assessed value. Irvington, she said, looked to have a rate of about 3.4%, Dobbs Ferry 3.7% and Edgemont 3.6%. Roughly translated, these would ... Read More »

Hudson Loft Brings an Urban Chic Space to the Rivertowns

Loft event spot in Irvington

by Barrett Seaman  For decades, the Irvington Education Foundation (IEF) has raised the lion’s share of the money it donates in the form of grants to supplement the village’s public school programs through a one-night winter gala with a live auction. In the past, these upscale events have ranged from dressy dinner dances at the Marriott on Route 119 to ... Read More »

Regeneron Buys Mount Pleasant Building for Expansion

Regeneron, a Tarrytown-based biopharmaceutical company, recently purchased the New York Life building in Mount Pleasant as it continues to expand. Reportedly, Regeneron paid $50 million for the 76-acre site, which is located on Rockwood Road near Phelps Memorial Hospital Center and Rockwood Hall park. Regeneron’s main campus is located in the Landmark at Eastview property at 777 Old Saw Mill ... Read More »

Homeowners Seek to Overcome Tax Shock from Reassessment

Tax Man Bill

by Barrett Seaman On November 7, the Greenburgh Assessor’s Office closed its books on the two-year process of revaluing properties in the township. At the end of the day, according to Assessor Edye McCarthy, some 3,200 homes had increases of more than 25%. Of those 1,100 applied for the three-year phase-in, of which 157 were denied for failure to meet ... Read More »

Ginsburg Marketing Luxury Rental Units in Nearby Ossining

by Rick Pezzullo About half of the 188 one and two-bedroom luxury rental apartments at Harbor Square in the Village of Ossining are still available two months after the $65 million complex on the Hudson River waterfront opened. Harbor Square marked the Westchester County debut of Ginsburg Development’s GDC Rentals brand of luxury resort-style properties, which launched last year with ... Read More »

Local Reassessment Moves into Its Final Phase

by Barrett Seaman Passed by the state Legislature, signed into law by Governor Cuomo and adopted by the Greenburgh Town Council, the three-year phase-in for homeowners saddled with more than a 25% increase in their assessments is now in effect, both in Greenburgh’s 10 taxing districts and in Ossining as well. Those who are likely to qualify are concentrated in ... Read More »

Greenburgh Moves to Repair Reassessment Damage

by Barrett Seaman Greenburgh Town Supervisor Paul Feiner’s efforts to mitigate the political damage and financial pain caused by a town-wide property reassessment this spring produced at least some payoff in June. Though some homeowners whose projected property taxes were bumped up by 30% or more in the initial valuations by Tyler Technologies won relief during the informal appeals phase ... Read More »

Deal Pending for Sale of Carrafiello Property in Irvington

by Barrett Seaman Little more than a month after the Brightview Corporation walked out of Irvington Village Hall, having abandoned a 22-month effort to win approval for a senior living facility on eight acres of North Broadway in Irvington, the property’s owner, Jerry Carrafiello, was set to sign an all-cash, no contingency deal to sell the land to another buyer. ... Read More »

Edge-On-Hudson Groundbreaking Focuses on Opening to the Riverside

by Robert Kimmel Five notables wielding golden shovels turned over crusts of soil signaling the formal start in mid-May of what is expected to lead to a transformation of the Village of Sleepy Hollow. The ceremonial action marked the groundbreaking for Edge-On-Hudson, the 67-acre, billion dollar development that will be built on the long vacated, former GM site, and add ... Read More »

Groundbreaking Heralds Start of Edge-On-Hudson Project

by Robert Kimmel A year’s work lies ahead before the first vertical structure is erected as part of Edge-On-Hudson, the new development along the river in Sleepy Hollow; however, the official Groundbreaking Ceremony May 18 at 11 a.m., with village and county officials attending along with the developers from Lighthouse Landing LLC, will symbolize its start. The 67-acre mixed-use development, ... Read More »

Greenburgh Reassessment Debate Roils On as Deadlines Loom

by Barrett Seaman The shock waves from Tyler Technologies’ reassessment—especially in some of Greenburgh’s more prosperous enclaves—continued to reverberate throughout the month of April. Aggrieved homeowners, some of whose taxes are scheduled to rise by $30,000 or more, continued to question the validity of the process. Some threatened lawsuits; others called for a one-year freeze on the process until disputes ... Read More »

Brightview Withdraws Senior Living Plan in Irvington

by Barrett Seaman “At the end of the day,” said Mayor Brian C. Smith, the last of the Irvington board members to opine on Brightview’s latest revised Senior Living plan, “a 100,000-square-foot building, three times the size of the existing one, is just too big for me, and I can’t support this.” Those words, in spite of a 3-2 majority ... Read More »

Hundreds of Unhappy Irvington Residents Hear Out Greenburgh’s Feiner and McCarthy

–by Barrett Seaman More than 100 homeowners filled every seat and lined the walls of the Irvington Senior Center meeting room Tuesday evening, while police turned almost as many away because of potential fire code violations. They were all there to hear Greenburgh Town Supervisor Paul Feiner and Assessor Edye McCarthy explain how so many had seen their projected property ... Read More »

Full Property Tax from Development for Sleepy Hollow

by Robert Kimmel “I believe we ended up in a very good position, “ is the way Sleepy Hollow Mayor Ken Wray described the outcome of a vote taken by the Mount Pleasant Industrial Development Agency which approved a payment in lieu of taxes, (PILOT) requested by the developer of Edge-On-Hudson, at the former GM site. The final PILOT does ... Read More »

Irvington Homeowners Stunned by Tyler Reassessments

by Barrett Seaman The couple, independent writer/actors, had moved from Brooklyn to Irvington because the public school system would cover much of the cost of educating their special needs child. They bought a cozy 1,200-square-foot house on one of Irvington’s side streets and settled into the life of the village. “We’re part of the community. I do lots of volunteer ... Read More »

Greenburgh Property Reassessment Triggers Many Residential Appeals

by Robert Kimmel The after effects of Greenburgh’s recently completed property reassessment continue to resonate at the Town Hall with discontented property owners attending meetings there to appeal the new evaluations which translate to higher real estate taxes. At the same time, the Town is searching for ways to mitigate the burdens on property owners who will face hefty increases ... Read More »

Development on Waterfront Increases Demand for Housing in Villages

by Henry Naccari When Henry Steiner thinks about the future of housing in the Tarrytown/Sleepy Hollow region, he sees two villages with tremendous potential for growth. Steiner, the managing broker at Steiner Real Estate Associates, recently told The Hudson Independent that demand for housing in the region is increasing even though existing housing inventory is relatively low. The demand, he ... Read More »

Luxury Homes in the Rivertowns Luring Buyers from the Big Apple

Rising real estate prices and mounting rental costs in New York City are helping to spur interest in luxury single home developments in the Rivertowns. Local realtors dealing with prospective buyers from the Big Apple are unanimous in that perception. While attractive mixed-use projects along the Hudson waterfront are drawing buyers’ attentions, luxury homes being built elsewhere are being sold ... Read More »

Greenburgh Town Council Rejects Homestead Act Following Property Reassessment

by Robert Kimmel Condominium owners across the Town of Greenburgh, the villages of Irvington and Tarrytown included, had much to be relieved about following a work session by the Town Council in late February. The Council members rejected enacting the Homestead Act following Greenburgh’s recently completed property reassessment. Had the town voted to approve the Act, it could have meant ... Read More »

Property Tax Reassessments to Reach Residents in March

by Robert Kimmel Property owners in the Town of Greenburgh will learn, in about a month, whether the assessed value of their homes or commercial properties for tax purposes will rise or fall. In the words of Greenburgh’s Assessor, Edye McCarthy, spoken at a January Town Board meeting, “Some will go up; some will go down.” Individual results of the ... Read More »

Edge-On-Hudson Developer’s Request for Tax Breaks Sets Off Alarms in Sleepy Hollow

by Robert Kimmel Relations between the Village of Sleepy Hollow and Lighthouse Landing, LLC, took on a frosty tone during the past two months when it appeared the developer of the former GM site might be seeking property tax abatements. The developer of the 66-acre riverfront project, Edge-On-Hudson, applied to the Town of Mount Pleasant Industrial Development Agency in November ... Read More »

HUD Funding Through NY State Benefits Tarrytown, Sleepy Hollow

by Robert Kimmel Tarrytown and Sleepy Hollow are among 10 Westchester communities that will receive a total of $4.3 million in federal grants previously blocked because of a dispute between County Executive Rob Astorino’s administration and the U.S. Department of Housing and Urban Development (HUD). Governor Andrew Cuomo’s office announced late last month that a deal had been “brokered” with ... Read More »

If Not Brightview, Then…What?

by Barrett Seaman When the barrage of criticism of the Brightview plan had finally subsided, a man who had been standing at the back of the crowded trustee meeting room raised his hand to speak. He identified himself as Jerry Carrafiello, the current owner of the eight-plus acres off North Broadway on which Brightview proposed to build its senior living ... Read More »

Public Opposition Emerges for Senior Living Plan in Irvington

by Barrett Seaman For the better part of a year, the application of the Brightview Corporation to build a 150-unit senior/assisted living complex on an eight-acre swath of North Broadway property in Irvington seemed to be moving quietly, albeit slowly, through the approval process in which the village’s Board of Trustees has acted as the lead agency. In contrast to ... Read More »