Category Archives: Cross River NY

Cross River New York Real Estate for Sale

Hudson River Greenway plan wilts Riverdale | Cross River Real Estate

 

Residents of the affluent Bronx enclave of Riverdale have long dreamed about gaining easy access to their two-mile stretch of Hudson River shoreline.

No wonder, then, that they were thrilled by a recent proposal to connect that waterfront strip with the existing Hudson River Greenway. It was only when they looked at the fine print of that plan that some Riverdale residents said their dream had turned into a nightmare—into something that threatens the character of their leafy neighborhood while barely offering any additional river access.

As it stands, the Hudson River Greenway’s popular bicycle and pedestrian trail begins at Battery Park at the bottom of Manhattan and runs all the way up through Westchester County. Or at least it would if only a way could be found to close a three-mile-long gap along the waterfront in the Bronx and Yonkers, just to the north. To do that, the New York Metropolitan Transit Council, an organization of regional governments charged with studying transportation-related issues for New York City, Long Island and the lower Hudson Valley, is recommending an elaborate $75 million multistage plan.

The problem in Riverdale is that the tracks used by Metro-North and Amtrak run close to the water, making pedestrian access perilous.

Interim trail

The NYMTC’s plan, submitted to the community board in February, essentially dodged the problem. It calls for an interim path beginning just over the Henry Hudson Bridge and running north through local streets in Riverdale, affording users a visual but not a physical connection with the shore. Accommodating those cyclists and walkers would require some widening of roadways, installation of sidewalks where none exist and paving paths through Riverdale Park–steps that have many residents up in arms.

They note the area’s rich history, including the stately mansions built by generations of Manhattan moguls, as well as its historic churches and elite educational institutions, including the Riverdale Country School–the most expensive private school in New York City.

“What has been presented will change the visual character and bucolic nature of our neighborhood,” said Frank Anelante, chairman of the Riverdale-Spuyten Duyvil Coalition. “The reconstruction required would necessitate the taking of property from homeowners, obliterating front lawns and driveways.”

Gary Klingsberg, a resident of Palisade Avenue, a street along which a portion of the path would be built, said he recently walked the suggested route, from the Henry Hudson Bridge to Riverdale Park, and found the twists and turns of the terrain dangerous, with very little space to expand existing sidewalks without infringing on people’s property.

 

http://www.crainsnewyork.com/article/20140310/REAL_ESTATE/303099988/hudson-river-greenway-plan-wilts-riverdale#

Building boom signals stock market bust | Cross River Real Estate

 

According to a study recently published in the Journal of Financial Research, not long after construction begins on a number of large buildings or they are actually finished, the stock market goes into the dumpster.

Its author, Guenter Loffler, a professor of finance at Ulm University in Germany, studied the correlation between skyscraper construction and stock market trends from 1871 to 2009.

He told the newspaper Real Estate Weekly recently that skyscraper construction is a better predictor of stock prices than more commonly used indicators, such as corporate profits or price/earnings ratios.

He offers plenty of examples.

In 1929, the Chrysler Building was under construction, while work was about to begin on the Empire State Building. This was an era that Real Estate Weekly considers to be “the greatest skyscraper boom in history.”

The stock market crashed later that year.

In 1993, construction began on the world’s tallest building, the Petronas Towers located in Kuala Lampur, Malaysia. Before its doors were opened, this super skyscraper was engulfed in the Asian Financial Crisis that sent stocks sinking around the world.

Fourteen years later, in 2007, construction began on what was slated to be the tallest building in the Western Hemisphere, the Chicago Spire. Like in the past, this was just one of the many towers being erected at that time. Indeed, the total square footage underway in 2007 was more than twice the average of the previous 20 years, writes Prof. Loffler.

As you might recall, the stock market peaked in October of that year and worked its way lower before plunging in September, 2008. The Spire was postponed indefinitely, as were a number of other buildings.

 

http://www.marketwatch.com/story/building-boom-signals-stock-market-bust-2014-03-04?siteid=yhoof2

Bring That Novel You’ve Been Working On to This Dapper Cabin | Cross River Real Estate

 

Writers-Shed-by-Weston-Surman-Deane-Architecture_dezeen_ss10.jpgPhoto via Dezeen

Some aspiring writers are holding off on their true calling until they’ve “done enough living.” Others have demanding day jobs, dogs to walk, Peace Lilies to water. Here’s another excuse to add to the pile: not having a super natty writing shed to type away in. This cabin, completed in April of 2013 and recently shortlisted for the 2014 Architects Journal Small Projects Award, would fit the bill rather nicely. Unlike the Walden-chic abodes of rural wordsmiths, this one’s an urban retreat, sitting in a backyard garden in the London borough of Hackney. Described by its designers, the firm Weston, Surman & Deane, as “a haven in the city; a fairy-tale hut” responding to their client’s “passion for children’s literature and mythologies,” it glows like a cottage in a treacly pastoral scene.

That nice orange hue was achieved by situating a sliding glass door behind a facade of cedar slats. For daytime writing sessions, there’s a large north-facing skylight. Heat is provided by a wood-burning stove, which can be fed with the wood kept in a thin storage area on the porch. Around the stove, there’s a staggered bookcase built from rectangular partitions of oiled chipboard, the largest of which frames a reclaimed sink with garden taps and a brass splash back.

 

http://curbed.com/archives/2014/03/03/bring-that-novel-youve-been-working-on-to-this-dapper-cabin.php

 

Lawsuit claims real estate agents used dating sites to land clients | Cross River Real Estate

 

A lawsuit against 14 Japanese real estate agencies and loan companies claims that real estate agents used dating sites to woo at least a dozen singles — most of them women — when their true intention was to talk them into buying a condo. One victim bought three, the lawsuit alleges

 

– See more at: http://www.inman.com/wire/lawsuit-claims-real-estate-agents-used-dating-sites-to-land-clients/?utm_source=20140228&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.aLMbChWp.dpuf

Don’t Waste Money on These 5 Remodeling Projects | Cross River Real Estate

 

The herky-jerky real estate market — recovering here, lagging there and nearly reaching a bubble in some cities – has buyers, sellers and homeowners all scratching their heads. Uncertainty is the word.

It’s risky to delve into lavish home improvement projects that are unlikely to earn back what you put into them. Even if you’re in one of the markets where CNN Money expects the greatest increases this year – Oakland, Calif.; Tampa, Fla.; Fort Worth, Texas; New Orleans; Richmond, Va.; Hartford, Conn.; Baltimore; Birmingham, Ala.; New York; and Memphis, Tenn. – don’t go hog wild.

Best: Honolulu

The payback on remodeling is up, says Remodeling magazine, which each year publishes a report on the resale value of 35 home improvement projects. But that’s “up” from years of decline. “This trend signals an end to the long slide in the cost-value ratio, which began to fall in 2006 and didn’t begin to rebound until last year,” the magazine says.

Some improvements can raise your home’s value quite a bit, but getting your entire investment back is rare.

The best city for return on your remodeling dollar is Honolulu, Remodeling says. The top 10 cities, in order, are:

  1. Honolulu
  2. San Francisco
  3. San Jose, Calif.
  4. San Diego
  5. Bridgeport, Conn.
  6. Fort Myers, Fla.
  7. Charleston, S.C.
  8. Oklahoma City
  9. Washington, D.C.
  10. Austin, Texas

Money wasted

You can easily end up pouring money down the drain by launching into a home remodeling job without learning what the payback might be. Ask several local real estate agents what a particular project might do to your home’s value. You might go ahead anyway. But you’ll do it with your eyes open.

 

 

http://finance.yahoo.com/news/don-t-waste-money-5-211851621.html