From high-priced listings to a rallying cry for (and against) affordable housing, we’ve had a busy week at The Journal News and lohud.com.
Welcome to the second installment of This Week in Real Estate, where we take a second look at stories on the essential beat reported on by our Growth and Development team. Look for this page to post on Fridays.
Take a look at this week’s features, as well as a few stories you may have missed from the week before.
From millions of dollars in funding to build affordable housing, to a petition to stop a proposed affordable housing development, all eyes were on Mamaroneck this week — albeit, on both the Town of Mamaroneck and on Mamaroneck village. While the village is technically located in the town, both municipalities have different governments, goals and more. Still, they share the common thread of a need for affordable housing.
A petition is circulating in the village to stop the conversion of Hunter Tier parking lot and garage into affordable housing units. Residents say Mamaroneck village should have other priorities.
In the Town of Mamaroneck, Westchester County Executive announced $3 million in funding for more affordable housing. Just what that housing could look like, or where it would go, remains uncertain.
Learn more:Petition in Mamaroneck village opposes Hunter Tier affordable housing proposal
Reporter Helu Wang continues her popular series on listings for sale in key price ranges. For this installment in the series, Wang spoke with Realtor Michael Casarella of ERA Insite Realty Services in Pleasantville about the current state of the market.
Read the story:What kind of house will $600K get you in Westchester, Rockland, Putnam? We checked
Find out where you’re more likely to find rentals in the $2,275 per month range, as well as check out a curated list of apartments from reporter Michael P. McKinney for the next installment of his series on rent in Westchester and Rockland counties.
For subscribers:What does about $2,275 a month rent get you in Westchester and Rockland? Take a look
A pair of stories focusing on a study of transit oriented development in the Lower Hudson Valley reported that most such developments (typically multi-use with room for housing, small businesses and more, located within short distance from public transit) are in “restrictive” areas, as well as some other unique tidbits of info.
Also, don’t miss Michael P. McKinney’s story on General Electric’s former Crotonville training center/retreat in Ossining selling for more than $50 million under its valuation.