Tag Archives: Mount Kisco NY Homes

Public Reacts To Proposed Mount Kisco-County Police Merger | Mt Kisco Real Estate

 

Public reactions from multiple viewpoints came at Monday’s meeting for the proposed police consolidation for Mount Kisco and Westchester County.

The merger agreement has some village police support.

Mount Kisco Sgt. Joseph Spinelli, who is president of the local PBA, endorsed the proposal on behalf of the union and its membership. He noted benefits for police that include better pay and benefits, along with greater opportunities for career advancement. Spinelli also supports the increase in staffing that the merger would entail, along with increased supervision of officers.

Mel Berger, a resident who is involved with the local drug and alcohol council, said he was “extremely happy” for the contract but had concerns including keeping relationships between people and officers, and about police involvement with the council.

County police officials cited examples from the Town of Ossining and the Town of Cortlandt, which also have county policing contracts.

George Longworth, who is commissioner for the Westchester County Department of Public Safety, noted that programs in Ossining remained in place and explained that any program working in Mount Kisco would be maintained. Another county police official noted involvement in a Cortlandt group. That organization is called the Cortlandt Community Coalition, which deals with underage drug and alcohol usage, according to the town’s website.

The merger plan also involves having officers in regular assignments, and county police officials denied that there would be frequent personnel turnover.

Addressing the issue of turnover, Longworth brought up how it can already happen with local police, citing retirement and injury examples.

 

 

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http://mtkisco.dailyvoice.com/police-fire/public-reacts-proposed-mount-kisco-county-police-merger

Mount Kisco Residents Get County Police Merger Overview | Mt Kisco Real Estate

 

The proposed consolidation of Mount Kisco’s police force with Westchester County’s was discussed in detail for the public at a Monday meeting.

The presentation, given by county police Sgt. Jeffrey Weiss, included data and the reasons for a merger.

The consolidation would come due to a contract between the village and the county, which would require a level of policing services dedicated to Mount Kisco. Current village police would join the county police and keep their current titles and civil statuses. The Mount Kisco Police Department has 28 members but lacks a permanent chief.

Mount Kisco’s police station would continue to be used by county police, including as a base for officers on patrol and for detectives. Members of the public would also be able to visit county police at the village station and the local non-emergency police number may be kept by the county.

In the presentation, several problems with small police departments were cited. They include manpower shortages, injuries leading to prolonged absences and vacancies leading to backfill overtime and undesired patrol staffing. The manpower gap is also blamed for burn out of police. Also cited as issues were under utilization of supervisory resources, personnel cost and the fact that only one person is responsible for dispatching officers and taking calls.

 

 

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http://mtkisco.dailyvoice.com/police-fire/mount-kisco-residents-get-county-police-merger-overview

 

France’s Palatial 740 Park Pad Sells for $70M, Way Over Ask | Mt Kisco Real Estate

 

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An 18-room duplex in the richest, fanciest apartment building in the world—owned by the government of France, no less, and used as the ambassador to the UN’s residence—reportedly just sold for $70 million. That’s a whopping $22M over the 740 Park Avenue apartment’s initial ask of $48 million. Apparently, three prospective buyers pushed the price up in a bidding war. France bought the apartment in 1979 for $600,000, but whatever, because that’s like $1,959,272.73 in today’s dollars. So just a 3,400 percent profit for the nation’s coffers, no big deal.

 

 

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http://ny.curbed.com/archives/2014/06/17/frances_palatial_740_park_pad_sells_for_70m_way_over_ask.php

Why renters are ending up in the suburbs | Mt Kisco Real Estate

 

At the Atlantic, they’ve taken note of something we’ve been tracking for a while at HousingWire: namely the growth of single-family rentals, and the reversal of migration to urban centers and back towards the suburbs.

The magazine reports on how the bulk of residential construction in the first half now of 2014 has been in multifamily, and the rise of REO-to-rental.

The magazine makes the standard urbanist complaint about the “dreaded” suburbs, but it at least recognizes and quotes someone saying the obvious – eventually, all the hip urban dwellers (most anyway) will get tired of ironic mustaches, get married, and have children – and they will want something more than high-density living with mediocre public schools.

As Census Bureau data show, growth in cities is tilting ever so slightly back toward the suburbs. Yet multifamily housing, mostly situated in urban centers, is still driving the American housing market. Are developers out of step with demand?

In McKinney (Texas) and other fast-growing suburbs and exurbs, rentals are the major force driving growth—just not multifamily rentals. Abundant stock left over from the single-family housing boom whose bust fueled the Great Recession are being opened to a new generation of suburban renters by major private-equity firms such as the Blackstone Group.

This transformation of the suburbs is a new and not-altogether-welcome development. The single-family homes being bought up, rehabilitated, and then rented out again by investment units such as the Blackstone Group’s Invitation Homes—in the suburbs and exurbs outside Seattle, Los Angeles, Chicago, Dallas, and other cities—are leftovers from a housing boom characterized by cheap construction and easy credit. The conversion of unsold or foreclosed single-family homes creates fewer jobs than new construction. From an urbanist perspective, single-family home rentals come with all the drawbacks of large-plot suburban development and none of the benefits.

 

 

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http://www.housingwire.com/articles/30290-why-renters-are-ending-up-in-the-suburbs

 

Mount Kisco Seeks $400,000 Grant For County Police Merger Plans | Mt Kisco Real Estate

 

Mount Kisco’s government is seeking $400,000 in state grant funding to pay for transitional costs in connection with a potential local police consolidation with Westchester County law enforcement.

At its June 2 meeting, the Village Board of Trustees voted unanimously to give authorization to apply for the grant under the state’s Local Government Efficiency Program. Westchester County is intended to be a co-applicant.

Under the proposed consolidation, Mount Kisco would enter into a contract with the county government so that the Westchester County Department of Public Safety would provide a specific number of police officers dedicated to the village.

Local police would resign and become county officers, according to Mayor Michael Cindrich. The village’s police station would also be converted into county police office space and would be used for report writing and the Detective Division. Cindrich also does not feel that response time would be slower.

The contract would result in an estimated savings of around $2.4 million over a five-year period, although Cindrich said the agreement would be “cost neutral.”

The mayor, who calls the estimated savings “significant,” noted that more police would be on patrol.

If county police assume law enforcement duties, Mount Kisco would join Cortlandt and the Town of Ossining as among those who receive such support. The Village of Ossining has its own police force.

 

 

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http://mtkisco.dailyvoice.com/police-fire/mount-kisco-seeks-400000-grant-county-police-merger-plans

3 make-or-break things single-family housing investors get wrong | Mt Kisco Real Estate

 

More than four in 10 residential property sales in the first quarter this year were all-cash sales, the highest level since 2011, and increasingly these are smaller, mom-and-pop real estate investors rather than big companies.

The problem – some of these newer rental home investors may not know about common pitfalls that institutional investors already know about.

According to RealtyTrac, institutional investors — entities that have purchased at least 10 properties in a calendar year — accounted for just 5.6% of all U.S. residential sales in the first quarter, down from 6.8% in the fourth quarter of 2013 and down from 7% in the first quarter of 2013 to the lowest level since the first quarter of 2012.

But cash buyers still represented nearly four in 10 home sales this year.

“Strict lending standards combined with low inventory continue to give the advantage to investors and other cash buyers in this housing market,” said Daren Blomquist, vice president at RealtyTrac, referring to the company’s April report. “The good news is that as institutional investors pull back their purchasing in many markets across the country, there is still strong demand from other cash buyers — including individual investors, second-home buyers and even owner-occupant buyers — to fill the vacuum of demand left by institutional investors.”

In a note to clients, the latest Bryan Ellis Investing Letter warns smaller housing investors about three common mistakes and misconceptions that newer and smaller operators often face.

1) You Can Only Buy through Realtors and Brokers

“This is simply untrue. The best deals in your local market will never make it onto MLS, but you can connect with motivated sellers ready to sell right now and dirt cheap by using a few simple, savvy strategies that will enable you to buy quickly and at rock-bottom prices that will set you up in ideal investing scenarios.”

 

 

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http://www.housingwire.com/articles/30206-make-or-break-things-single-family-housing-investors-get-wrong

 

Do little fixes boost home sales? | Mount Kisco Real Estate

 

In some parts of the country, handyman services made up nearly half of all home-improvement projects undertaken in the six-month period before a home sold, according to real estate website Porch.

Real estate agents and sellers prioritize repairs and aesthetic improvements that prospective buyers are likely to notice, such as upgrades to flooring, cabinets, fences and doors, says Matt Ehrlichman, chief executive of Porch, which tracks home-improvement projects.

The Wall Street JournalFor the analysis, details of 675,000 home-improvement projects that had been submitted to Porch by homeowners, architects, builders, real estate agents and others were compared with home listings and sales data from realtor.com, which partners with Porch. The findings: Home sellers in the Northeast and Midwest were most likely to hire a handyman for minor repairs in the six-month period before the home sale. Homeowners in the West were most likely to hire a general contractor for larger improvements. In the South, home sellers were most likely to pay for electrical upgrades and repairs.

“Just doing these minor things will help your house sell quicker and typically for more money,” says Brad Carlson, a real estate agent with Better Homes and Gardens Real Estate Gary Greene in The Woodlands, Texas.

Carlson once had the listing for a three-bedroom home with dated brass fixtures throughout. The house sat on the market for over two months with no offers until the seller finally agreed to swap the fixtures for more modern ones. Two days and $800 in new fixtures later, the home sold close to its listing price at $214,900

 

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http://realestate.msn.com/blogs/post–do-little-fixes-boost-home-sales

Mount Kisco Among Best Places To Live In New York | Mt Kisco Real Estate

 

Real estate blog Movoto.com recently named Mount Kisco the fourth-best place to live in New York.

Movoto compiled a list of municipalities within the state with 10,000 people or more from the 2010 U.S. census. The site then ranked the 87 qualifying areas on the following criteria:

  • Total amenities.
  • Quality of life (cost of living, median home price, median rent, median household income, and student- to-teacher ratio).
  • Total crimes.
  • Tax rates (sales tax and income tax).
  • Unemployment.
  • Commute time.
  • Weather (temperature and air quality).

Mount Kisco ranked in the top 10 in three categories: unemployment (fourth), tax rate (seventh) and quality of life (ninth). The town of nearly 11,000 also excelled in weather, coming in at No.14.

Mount Kisco’s worst category was in commute time, ranking 55th out of 87 communities.

The overall score of 22 for Mount Kisco placed it just behind Mamaroneck, Tarrytown and White Plains, which took the top three spots with scores of 20.71, 21.57 and 21.86, respectively.

Overall, Westchester County communities dominated the top 10, taking 10 spots. Scarsdale, Harrison, Dobbs Ferry, Ossining, Rye and New Rochelle (tied for 10th with Saratoga Springs) all made the top 10.

Port Chester, Peekskill and Yonkers all sat outside the top 10, ranking 12th through 14th, respectively.

 

 

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http://mtkisco.dailyvoice.com/lifestyle/mount-kisco-among-best-places-live-new-york

Home Advisor Cost Guide: Roofing | Mount Kisco Real Estate

Cost Guide: Roofing

When installing a new roof, the biggest decision you’re going to have to make, outside of choosing which roofing pro to hire, is what material to use. If you’re replacing an existing roof this will likely be an easier decision, as there’s a good chance you’ll go with the same material you’re replacing. The decision gets a bit more complicated if you’re building a new home. However, before jumping into the pros and cons of each material, let’s take a look at the two factors that will affect your budget independent of the material you choose.

Not surprisingly, the size of your roof plays a big role in determining the project cost. And if you’re going to be talking to a roofer, it helps to know some of their lingo – specifically, the term they use to measure the size of your roof. While many contractors base their estimates on square footage, roofing pros go by squares, where each square is 100 square feet. So if your roof is 2,000 square feet it will be 20 squares. The more squares, the more the project will cost (most of the time).

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http://welcome.homeadvisor.com/costguide_roofing?m=homesense&entry_point_id=27783150

Where are homebuilders breaking ground? | Mt Kisco Real Estate

 

While it is difficult to gauge the economy across the nation and in regional markets, these two charts from PulteGroup (PHM) and D.R. Horton (DHI) help to paint a decent picture.

However, keep in mind that the two homebuilders do not operate in every market.

PulteGroup currently builds in 26 states and posted first-quarter net income Thursday morning of $75 million, or 19 cents per share.

Meanwhile, D.R. Horton operates in 27 states and posted first-quarter net income for its second fiscal quarter ended March 31, 2014 of $131 million, or 38 cents per diluted share.

So how does this disperse regionally?

According to Pulte’s earnings, most regions witnessed a drawback in regional home closings in the first quarter, with the southwest falling from 734 last quarter to 468. The only region to experience an uptick was the northeast, which grew from 302 to 343 closings. (click picture for bigger image)

 

 

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Where are homebuilders breaking ground?