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Real Estate
COVID-19: Many Working Remotely In NYC Looking For 'Winter Homes' In Suburbs COVID-19: Many Working Remotely In NYC Looking For 'Winter Homes' In Suburbs
Covid-19: Many Working Remotely In NYC Looking For 'Winter Homes' In Suburbs The race is on for New Yorkers who have become accustomed to working from home during the COVID-19 pandemic and are already looking to lock down a “winter home” away from the city months before snow is even a threat to start falling. Brokers have been busy in the waning weeks of summer as those working remotely in New York City seek rental properties in the suburbs in advance of winter weather or a potential second wave of COVID-19. Many New Yorkers with jobs in the city have been instructed they may not be returning to the office through at least next summer due to the pandemic, prompting …

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by Zak Failla
Real Estate
LOOK INSIDE: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market LOOK INSIDE: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market
Look Inside: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market You can have Jeffrey Epstein's Manhattan townhouse or Florida mansion -- both have hit the market for a combined asking price of $110 million. Listed by Adam Modlin of the Modlin Group, Epstein's townhouse at 9 E. 71st St. is listed at $88 million, while his sprawling Palm Beach estate will ask $21,995 million, the Wall Street Journal reports. The East Side townhouse -- otherwise known as "The Herbert N. Straus Mansion -- is the largest single-family home in all of New York City, spanning 28,000 square feet and standing 7 levels tall, its Zillow listing says. It overlooks the Frick Museum…

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by Cecilia Levine
Real Estate
COVID-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says COVID-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says
Covid-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says The real estate market has been upended by the COVID-19 outbreak, which led to a mass exodus from New York City nearby suburbs. In the past four months, thousands of city residents flooded to suburbs on Long Island, Fairfield County, Westchester, and northern New Jersey, which has made those areas an attractive destination for buyers. According to a New York Times report, it has become a “seller’s market,” with multiple competing offers for many homes that may not have drawn as much attention pre-pandemic. The demand for single-family rentals has also skyrocketed in the wake of COVID-19. …

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by Zak Failla
Real Estate
Private Island Home On Lake In Hudson Valley Listed At $850,000 Private Island Home On Lake In Hudson Valley Listed At $850,000
Private Island Home On Lake In Hudson Valley Listed At $850,000 One of the more unique waterfront homes on the market, One Willow Island, a two-story restored stone colonial set on Willow Island, a private island overlooking  Putnam Lake, has hit the market. Located in Putnam County in the Town of Patterson, One Willow Island offers 360-degree views of the 200-acre lake.  Listed by Houlihan Lawrence for $850,000, this turnkey home is available fully furnished and ready to move in.  The four-bedroom, 1.5-bath home features an open floor plan that is ideal for entertaining or simply enjoying the spectacular lake views year-round. Accessed…

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by Daily Voice
Real Estate
COVID-19: These Four Counties Have Seen Biggest Boom In Real Estate Sales During Pandemic COVID-19: These Four Counties Have Seen Biggest Boom In Real Estate Sales During Pandemic
Covid-19: These Four Counties Have Seen Biggest Boom In Real Estate Sales During Pandemic Real estate offices in the suburbs have been busier than ever amid the novel coronavirus (COVID-19) pandemic. But many of the most coveted homes for those New York City residents looking to get away from it all are much farther away, in upstate New York, specifically the Catskills and part of the Hudson Valley. Those city dwellers, residents mainly of the upper East and West sides in Manhattan, have been snapping up both primary and weekend houses in Sullivan, Ulster, Greene and Delaware counties at a rapid rate, according to a report in The New York Times. Typically, they are eager to get…

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by Joe Lombardi
Real Estate
COVID-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped COVID-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped
Covid-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped With the weather warming up and the novel coronavirus (COVID-19) outbreak ongoing, many wealthy New Yorkers are leaving the city to head toward the suburbs. According to reports, wealthy New York City residents have been moving their money and families into the suburbs as they look to escape COVID-19 and imagine a "new normal" after the virus hit the dense urban city particularly hard, overwhelming hospitals during the height of the pandemic. In response to the outbreak, many buyers and renters have been leaving the city en masse and flooding the suburbs, where there is more space and less …

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by Zak Failla
Real Estate
Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M
Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M New Iona College men’s basketball coach Rick Pitino has sold his waterfront Florida mansion for $17 million as he prepares to make his way to Westchester. Pitino’s 10,000-square-foot Mediterranean-style mansion, which is on the water in the exclusive enclave of Indian Creek Island has been on the market since 2016. Pitino originally bought the property in 1999 for $5.4 million. It was reportedly originally listed for nearly $24 million when it went on the market. The island, located north of Miami, is made up of its own village, 34 homes, state-of-the-art golf course and has a 13-member po…

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by Zak Failla
Real Estate
COVID-19: New York Halts Evictions Indefinitely COVID-19: New York Halts Evictions Indefinitely
Covid-19: New York Halts Evictions Indefinitely In an effort to help residents struggling to pay their rent or mortgages as a result of actions taken to combat the novel coronavirus, housing courts across New York are closed, halting all evictions and pending lawsuits. The unprecedented move by the state came in response to a grassroots, statewide tenants’ movement that developed clear demands in light of the evolving public health crisis, said a statement by various housing advocates. “It’s a relief to families knowing they don’t have to worry about both eviction and COVID-19,” said Randy Dillard, tenant leader with Community Action for…

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by Kathy Reakes
Real Estate
'Legally Haunted' Nyack Manor Up For Sale 'Legally Haunted' Nyack Manor Up For Sale
'Legally Haunted' Nyack Manor Up For Sale Just in time for fall and the upcoming "spooky" season, a legally haunted house in Rockland County has hit the market for a mere $1.9 million. The home is known across the region as being deemed "legally haunted," by the New York Supreme Court. The court made the decision favoring the buyer who sued to have his money returned after learning of the home's history as being haunted by poltergeists from the Revolutionary War era. News of the home's unwanted residents, located at 1 Laveta Place in Nyack, came to light in the 1980s after the owner, Helen Ackley, had told people for years about t…

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by Kathy Reakes
Real Estate
Equinox Fitness Co-Founder Lists Westchester Estate For $8.8M Equinox Fitness Co-Founder Lists Westchester Estate For $8.8M
Equinox Fitness Co-Founder Lists Westchester Estate For $8.8M The co-founder of luxury fitness company Equinox has listed his Westchester mansion for $8.8 million. Vito Errico, a former Bridgehampton resident, designed the custom-built Armonk estate in collaboration with in-house Equinox designers, Realtor.com reports. Built in 2006, it features a combination of glass, stone and wood. The six-bedroom, six-and-a-half bathroom, 11,423-square-foot mansion is on 2.65 acres of property, according to its Houlihan Lawrence listing. The master suite features two fireplaces, a spa-bathroom and walk-in closets. For more and a gallery of p…

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by Joe Lombardi
Real Estate
Michael Douglas, Catherine Zeta-Jones Buy Sprawling Area Estate Michael Douglas, Catherine Zeta-Jones Buy Sprawling Area Estate
Michael Douglas, Catherine Zeta-Jones Buy Sprawling Area Estate A famous Hollywood couple who have lived in Westchester County for years has "downsized" by selling one home and quietly purchasing another that's a bit smaller. Michael Douglas and Catherine Zeta-Jones recently sold their 13-acre Bedford Corners estate for $20.5 million, making quite a profit off their purchase price of $11.25 million.  Michael Douglas The duo then turned around and snapped up a $12,000-square-foot home in the village of Irvington-on-Hudson for a mere $4.5 million, according to Variety. And while they certainly won't be squeezed into their new digs, they have downsize…

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by Kathy Reakes
Real Estate
NYC Rents Soar To Three-Year High NYC Rents Soar To Three-Year High
NYC Rents Soar To Three-Year High With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …

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by Zak Failla