Category Archives: North Salem

11 Ridiculous Facts About Your New Dream Job: Estate Manager | North Salem Real Estate

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Attention, earnest young strivers whose skillsets have yet to find practical application in “the real world” and whose applications have yet to catch the eye of the casting directors of The Real World: The Wall Street Journal has found the perfect job for you and it is sooo Downton Abbey. You, yes you, could rake in as much as $200K a year as an estate manager, and all you would need to do is cater to homeowners with “a lot of home to handle,” many of whom only live in their palatial mansions for a few months a year. Use the following steps as a sort of job description, and before you know it you could be managing an L.A. estate for members of a Saudi royal family with a staff of 75:

1. Be ready to perform duties including “everything from patrolling the tennis court to stretching the owner’s Manolo Blahnik heels.” (Maybe try putting water-filled Ziplocs in the toe and setting them in the freezer?)

2. Going off the experience of one estate manager who lives in the guest quarters on his client’s Beverly Hills estate, an average 12-hour shift involves entering the house 10-20 times a day for “regular security sweeps, meetings with the housekeepers and landscaper, and a maintenance inspection of all nine refrigerators, eight air conditioners and 12 bathrooms.”

3. It’s important to know where to draw the line, though: “I don’t fold people’s laundry or underwear, but I am an accommodator.”

4. You could also draw the line at taking care of tropical fish. “When they die and the owner cries for a week,” says one manager, “I’m not going to be responsible.”

5. Still, you can expect to find the following on a list of chores: “Check the salinity level of the indoor saltwater pool; polish about 15 bronze statues, including a giraffe and a mermaid; tidy up the meditation room with the large Buddha statue; regularly flush all seven toilets and run the steam showers.” Between tidying up around the Buddha and accommodating your clients’ lack of toilet use, remember your mantra, “I am not an accommodator.” Repeat it often.

6. Other duties may include taking the boat out on the lake “to warm up the engine,” and spending five years nurturing a pair of prized bonsai trees “that needed to be treated like children.”

7. Absolute discretion is key: “My children don’t know who I work for—my parents don’t know who I work for.”

8. Other helpful attributes include “reliability” and “moxie.” Positions go to everyone from ex security professionals to former fashion models, though for one estate manager, being from a “big Italian family” was qualification enough.

9. Colorful duties said backgrounds would make you perfect for include scouring the country “for a manufacturer of a specialty tile imported from Italy,” finding a “voodoo priest to bless the owner’s new house,” and carrying “non-FDA approved drugs” for clients. These kinds of responsibilities are why “trust is so important.”

10. Think of it this way: You are, In the words of an L.A. estate manager, “running a company, and the company just happens to be a family of five.” Be sure to inquire about stock options.

 

 

read more….

 

 

http://curbed.com/archives/2014/09/29/being-an-estate-manager.php

 

Tribeca’s grandest new restaurant | #NorthSalem #RealEstate

Floyd Cardoz is one of the few people who can make me eat a beet.

Normally, I’ve got no interest in beets’ “earthiness” (which is, let’s admit it, sort of a BS description; when was the last time you took a bite of earth?).

But when Cardoz was the head chef at Danny Meyer’s North End Grill, I once had a tour of the restaurant’s rooftop garden. Cardoz pulled some beets right out of the ground, then roasted them so simply that, for once, they actually tasted like candy.

The design aesthetic of White Street, Cardoz’s new Tribeca restaurant, embraces André Leon Talley’s mantra of “luxury or nothing”: black and gold accents, chandeliers dripping with crystals, a swank bar up front. It feels more Midtown hotel than Downtown restaurant, with a well-heeled crowd mostly talking in hushed tones.

Chef Floyd Cardoz and his squid ink bucatini with lobster

The menu takes its inspirations from all over—wasabi! grits! aged balsamic!—so “global” may be the best way to describe the food.

“I just love flavor,” Cardoz explains when we talk later. “So I take broad strokes from different cuisines—and I don’t start with preconceived notions for any dish.”

It’s an eclectic approach that works: Nicely tart house-made apple cider is poured tableside over hamachi tartare flecked with bits of hearts of palm ($17); squid-ink bucatini ($19) topped with gorgeous, tender lobster claws still fully intact, is sauced with an intense lobster broth, then finished with coriander, chiles and coconut milk instead of cream.

Read more: http://www.tastingtable.com/entry_detail/nyc/17941/Chef_Floyd_Cardoz_Goes_Elegant_at_White_Street_in_Tribeca.htm#ixzz3EFOXjN81

August New Construction Numbers | North Salem #RealEstate

NEW RESIDENTIAL CONSTRUCTION IN AUGUST 2014
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for August 2014:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 998,000. This is 5.6 percent (±1.4%) below the revised July rate of 1,057,000, but is 5.3 percent (±1.7%) above the August 2013 estimate of 948,000.

Single-family authorizations in August were at a rate of 626,000; this is 0.8 percent (±1.5%)* below the revised July figure of 631,000.
Authorizations of units in buildings with five units or more were at a rate of 343,000 in August.
HOUSING STARTS
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 956,000. This is 14.4 percent (±7.9%) below the revised July estimate of 1,117,000, but is 8.0 percent (±11.2%)* above the August 2013 rate of 885,000.

Single-family housing starts in August were at a rate of 643,

000; this is 2.4 percent (±9.7%)* below the revised July figure of 659,000.
The August rate for units in buildings with five units or more was 304,000.
HOUSING COMPLETIONS
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 892,000. This is 3.2 percent (±13.0%)* above the revised July estimate of 864,000 and is 16.9 percent (±14.7%) above the August 2013 rate of 763,000.

Single-family housing completions in August were at a rate of 591,000; this is 8.2 percent (±9.7%)* below the revised July rate of 644,000. The August rate for units in buildings with five units or more was 292,000.

New Residential Construction data for September 2014 will be released on Friday, October 17, 2014, at 8:30 A.M. EDT.

 
Our Internet site is: http://www.census.gov/starts
The U.S. Census Bureau updated its application programming interface (API) with monthly and quarterly economic indicators. The API allows developers to combine Census Bureau statistics with other data sets to create tools for research on a variety of other topics.

For more information, go to http://www.census.gov/developers/ .

Sarah Jessica Parker, Matthew Broderick Re-List $22M House | #NorthSalem Real Estate

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Celebrity super-couple and serial real estate shoppers Sarah Jessica Parker and Matthew Broderick are on the house hunt once again—the actors just re-listed their Greenwich Village townhouse at 20 East 10th Street for $22 million. The couple put the house on the market two years ago (during this same week) for $25 million, before briefly taking it off the market this April. Supposedly, the couple has never actually lived in the house, but they renovated it anyway (Vogue interviewed SJP in a different property earlier this year, one Curbed commenter says that the interview likely took place at their house on Charles Street). The 25-foot wide, 6,800-square-foot home has seven fireplaces, a landscaped garden, five bedrooms, and a full-floor master suite with a terrace, two walk-in closets, and a hand-carved stone tub. The couple bought the place in 2011 for just under $19M.

 

read more…

 

http://ny.curbed.com/archives/2014/09/08/sarah_jessica_parker_matthew_broderick_relist_22m_house.php

 

How these amateur home flippers found their niche in real estate | North Salem Real Estate

 

As the number of available foreclosure properties dwindle and home values improve, house flipping in the U.S. is on the decline.

Recent data from RealtyTrac shows only 31,000 single-family homes were flipped in the second quarter of 2014, making up just 4.6% of all home sales — down from 5.9% in the first quarter and 6.2% in the last quarter of 2013 (house flipping is defined as buying and then selling a home within 12 months).

Lower-end house flipping has seen the steepest decline. While sales of homes flipped for $750,000 or more increased by 21% this year, homes sold for less than $100,000 dropped by 5%, according to RealtyTrac.

Low-end house flippers played a crucial part of the housing recovery, says Ardell DellaLoggia, a Seattle real estate agent. In areas wracked with foreclosures , flippers swooped in to rehab homes that otherwise might have been left in disrepair. But with the inventory of distressed homes on the decline, there’s less opportunity for “mom and pop” flippers  to invest.  There’s also no guarantee they’ll net a solid return on their investment. Home flippers averaged a gross return of 21% this year, which is nothing to sniff at, but represents a 10% drop from one year ago, according to RealtyTrac. 

“If you have enough flippers, you will not have those neighborhoods filled with [vacant homes],” DellaLoggia says. “For a [first-time home buyer] who would be thrilled to death to be able to afford a house that’s liveable, flippers are wonderful.”  

For now at least, it will continue to be a high-end flipper’s market. But we tracked down some home flippers who are still sticking it out on the lower end of the market. They aren’t making massive profits and they don’t have tons of cash to throw around, but they’re still managing to make home flipping a worthwhile investment.

 

read more…

 

http://finance.yahoo.com/news/how-these-amateur-home-flippers-found-their-niche-in-real-estate-155020348.html

 

Zillow: Fewer homes underwater in second quarter | North Salem Real Estate

Although the percentage of underwater homeowners continues to heal, the remaining pain is left to struggling borrowers of low-price homes, according to an article in The Wall Street Journal:

About 28% of homes with a mortgage within the bottom third of home values were underwater at the end of the second quarter, meaning they were worth less than the balance of their mortgages, according to real-estate information service. That compares with about 16% of homeowners in the middle tier and 9.2% in the top tier.

As a result, the article explained that it could prevent owners from moving up to larger homes and thus put a damper on purchases by first-time homebuyers.

Overall, the percentage of homeowners who were underwater in the second quarter dropped to 17% from 24% a year ago. 

Source: WSJ

Auf Wiedersehen German real estate? Not so fast | North Salem Real Estate

 

As soon as someone mutters the words London property, the word “bubble” is never far away.

London house prices displayed a jaw-dropping 20 percent growth year-on-year in July– even though last week’s RICS indicator showed that the housing market is pausing for breath. Bank of England (BoE) Governor Mark Carney has sounded a warning on tougher mortgage rates and the expectation of higher rates.

But London isn’t the only place which is seeing a dizzying increase in property prices. Look no further than across the channel – to the euro zone’s economic powerhouse – Germany.

Major cities like Frankfurt, the financial capital, Munich with its famous beer gardens and proximity to the Alps and Stuttgart, the home of Mercedes and Porsche, are becoming increasingly attractive as a place to live and work. Germans from rural settings and immigrants are flocking to the cities.

But like in London, an equally potent driver of the property market in Germany is the good old “search for yield”.

 

 

read more….

 

http://www.cnbc.com/id/101926645?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101926645#.

 

Teatown Lake Reservation | North Salem Real Estate

 

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August 13, 2014
PROGRAMS THIS WEEK:
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.
Honey Bee

Busy as a Bee: National Honey Bee Day
Saturday, August 16
10 – 11:30 am

Catch the buzz about honey bees in this program to learn about all the services they provide and bring awareness about the plight of the bee. All Welcome.

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online.

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Shop on Amazon?

Click the link below and a portion of your Amazon purchase will be donated to Teatown!

Click here.

Upcoming Events and Workshops:
Ferret Frolic!
Saturday, August 23
1-2:30 pm

Let’s share play time with Teatown’s domestic weasels – our ferrets! Watch how they use their bodies and senses to frolic and communicate, and learn how their wild cousins like otters and minks do the same thing. All Welcome. Space is limited to 10 participants.

Nature’s Recyclers
Sunday, August 24
11 am – 12 pm

How does recycling get accomplished in nature? Meet some animal recyclers and find out how things get broken down the natural way. All Welcome.

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes

Photography

By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown Highlight:
Wildflower Island Summer Tours
Be inspired by Teatown’s natural beauty – Don’t miss Wildflower Island’s final blooms of the season.
Weekend tours
Saturdays: 10am & 1pm
Sundays: 1pm
Private tours for groups of eight or more can be arranged.
 
Pre-registration is required for all tours. $6 per person or $4 per member.
To register, please call 914-762-2912 ext. 110.
 

Teatown Lake Reservation | North Salem Real Estate

 

View our videos on YouTube Like us on FacebookFind us on PinterestFollow us on Twitter

July 30, 2014
PROGRAMS THIS WEEK:
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.
Luna moth

Black-lighting for Moths
Thursday, July 31
8 pm

Join Charlie Roberto as we light up the night to attract night flying insects. All Welcome. Free.

PBock
Great Hudson Estuary Fish Count
at Kathryn W. Davis RiverWalk Center
Kingsland Point Park, Sleepy Hollow, NY
Saturday, August 2
10 am

If you could lift the lid off the Hudson River in Tappan Zee Bay, what would you see? Catch the incoming tide with Teatown and Strawtown Art and Garden Studio at the Kathryn W. Davis RiverWalk Center in Sleepy Hollow, as we seine for fish and other creatures in the warm waters of the Hudson. We will focus on identification and record and share the results with other sites taking part along the river. Afterward mix paint and match the color of the River, and add sand from both shores of the wide bays to make a symbolic driftwood sculpture.

All Welcome. Free; Parking fee collected at park

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
914-762-2912
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online.

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Shop on Amazon?

Click the link below and a portion of your Amazon purchase will be donated to Teatown!

Click here.

Upcoming Events and Workshops:

Moths in the Morning
Sunday, August 10
9:30 am

Meet at Cliffdale Farm to see the moths and other flying insects that were attracted to the black-lighting the night before. All Welcome. Free.

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes

Photography

By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown Highlight:
Preview our Benefit Auction
Like us on Facebook Follow us on Twitter Find us on Pinterest View our videos on YouTubenull

Bank of America Merrill Lynch concludes Dodd-Frank killed housing | North Salem Homes

 

Two analysts at Bank of America Merrill Lynch are celebrating the 4-year anniversary of Dodd-Frank, the financial reform law, by calling it “persistent financial repression.”

Analysts Chris Flanagan and Adam Katz joined a chorus of voices using the birthday opportunity to express displeasure of the legislation and disdain in the inability to effect more meaningful reform — that is one that promotes more responsible mortgage lending.

“In testimony to Congress on QRM this week, Mr. Frank noted changing the US residential mortgage market was foremost among the very purpose of the statute,” said Flanagan and Katz.

And change that market it did — by sucking the life out of it.

“We think persistently low mortgage application volumes and this week’s extremely weak new home sales report for June and May are natural outcomes of the legislation,” the analysts write, adding they don’t expect the next four years to be very different.

 

read more…

 

 

Bank of America Merrill Lynch concludes Dodd-Frank killed housing