Tag Archives: Mount Kisco

Post-Reno, Bernie Madoff’s Former Duplex Asks $17.25M | Mt Kisco Real Estate

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Location: New York, N.Y.Price: $17,250,000The Skinny: In 2010, less than a year after Bernie Madoff, the mastermind of a Ponzi scheme considered to be the largest financial fraud in this country’s history, was sentenced to 150 years in federal prison, the United States sold off his longtime penthouse on Manhattan’s Upper East Side for $8M. Despite giving the pad a much-needed upgrade (Madoff bought the place in ’84, a fact demonstrated by its floral valances and salmon walls), the buyers are ready to unload the duplex, now asking $17.25M for the 4,000-square-foot unit. What attracted the the current owners, Patsy Kahn and her husband, Alfred—the man who’s credited with bringing Pokemon to the U.S.—in the first place? Possibly the apartment’s 11-foot ceilings, library, or chef’s kitchen, but Patsy insisted in 2010 it was the wraparound terrace, which won them over despite Alfred’s worries, uh, “about the karma.”

 

 

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http://curbed.com/archives/2013/08/23/postreno-bernie-madoffs-former-penthouse-asks-1725m.php

 

Mount Kisco NY Real Estate Weekly Report | Mount Kisco NY Homes

Mt Kisco   NY Weekly Real Estate Report8/22/2013
Homes for sale45
Median Ask Price$599,000.00
Low Price$280,000.00
High Price$3,950,000.00
Average Size3091
Average Price/foot$328.00
Average DOM124
Average Ask Price$1,072,287.00

Realtor.com’s perspective on NAR board vote | Mt Kisco Real Estate

Three weeks ago in Chicago, members of the National Association of Realtors’ board of directors — 625 practicing Realtors from every state and territory — put their busy summers on pause to make decisions about their website, realtor.com. It was an extraordinary gathering, and it produced extraordinary outcomes. As president of realtor.com, I’d like to share my perspective on what these outcomes mean for the site, for the Realtor brand, consumers, and the real estate industry as a whole. For me, it is not possible to understand the decisions made in Chicago without a look at the broader strategic context — and a little bit of history. Here’s how I see it.

 

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http://www.inman.com/2013/08/16/realtor-coms-perspective-on-the-nar-board-of-directors-vote/#sthash.Nmpqnb5R.dpuf

Mount Kisco Diner Begins Expansion | Mount Kisco Real Estate

The Mount Kisco Coach Diner, Gov. Andrew Cuomo’s favorite hangout, has begun construction on its expansion.

The diner is adding 1,250 square feet and 13 new parking spaces, along with providing a terrace for outdoor seating.

The project was approved by the planning board earlier this year after the Mount Kisco Village Board approved a zoning change in 2010.

Recently, the Paul Power’s structure, which exists south of the diner, was demolished, which was the first phase of construction.

Harry Georgiou, whose family owns the diner, said it will be much larger and more convenient for customers.

“We wanted to provide more space for clients and a nicer atmosphere,” Georgiou said. “We wanted to modernize the restaurant. It was time to expand.”

Plans for expansion have been in the works for five years. During that time, despite the recession, the diner’s business has remained steady, giving Georgiou confidence expansion was the right idea.

Georgiou’s father, Frank, a Somers resident, purchased the diner 18 years ago. Harry Georgiou, who lives in Queens, said it is in the family’s blood to provide service, hospitality, and good food.

“We’re very meticulous and we have very high standards,” Georgiou said. “We strive for perfection. We strive to the have the best service and the best quality food. We are open 24 hours, so no matter what time you come, you will have a great experience.”

Georgiou said he loves working in Mount Kisco and meeting all the nice people. He said many customers have become part of his family.

The cuisine is thought up by Michael Lombardi, who crafts exotic or unique specials daily, along with his burger of the week. The restaurant has an organic menu and Georgiou recommends the short ribs, prime meats or lobster rolls.

“We’re not your standard diner, we’re an upscale diner,” Georgiou said.

Cuomo, a Mount Kisco resident, named the diner his favorite hangout spot after he was elected governor and regularly stops by when he’s in the area. Singer Rob Thomas also is a regular.

During construction, the restaurant will be closed for two weeks, as it adds new booths, new tables and a new exterior. If all goes according to plan, the restaurant’s expansion will be finished before the new year.

The Mount Kisco Coach Diner has become an institution in the community and Georgiou said they get customers from all over Westchester and even Greenwich and Stamford. Georgiou said many customers from out of state will come via Interstate 684, and come back every year as a tradition.

“We get people from all over,” Georgiou said.

 

 

Mount Kisco Diner Begins Expansion | The Chappaqua Daily Voice.

California Markets Top Turnaround Towns | Mt Kisco Real Estate

Oakland, Calif.; Orange County, Calif.; and Santa Barbara-Santa Maria-Lompoc are leading the nation in recovery according to realtor.com’s quarterly ranking of top turnaround towns.

For Q2 2013, the median age of inventory dropped 14.4 percent over the past year, with typical homes selling in 83 days between April and June of this year. Median list price rose 5.4 percent year-over-year, to $196,000, in the second quarter of 2013.  The number of homes available on the market dropped across the country by 10.3 percent year-over-year, with an average of 1.8 million homes on the market on any given day in the second quarter of 2013.

Detroit ranked seventh.  Though plagued by the city’s recent bankruptcy filing, the market nonetheless posted strong improvement in the second quarter. Its median list prices on realtor.com® are 37.8 percent higher for the quarter than they were a year ago, while inventories are down 26.5 percent. The market’s median age of inventory is just 45 days, down 25 percent from the second quarter in 2012.

“Detroit has made remarkable progress in the last year, shrinking its inventory of unsold homes by more than 26 percent and becoming one of the most balanced markets in the nation,” said Steve Berkowitz, CEO of Move. ”We’ll be watching the inventory levels in the months ahead, but if this past quarter is any indication, Detroit won’t be giving up without a fight.”

Q2 2013 Rank

Market

Qtrly

Year/Year Median List Price

Qtrly

Year/Year Median Age of Inventory

Qtrly Year/Year Inventory

1

Oakland, Calif.

41.3%

-53.1%

-34.4%

2

Orange County, Calif.

29.4%

-43.3%

-36.6%

3

Santa Barbara-Santa   Maria-Lompoc, Calif.

34.3%

-30.9%

-27.8%

4

San Jose, Calif.

25.0%

-64.0%

-35.4%

5

Seattle-Bellevue-Everett,   Wash.

17.2%

-55.8%

-29.9%

6

Los Angeles-Long   Beach, Calif.

30.3%

-27.2%

-28.9%

7

Detroit, Mich.

37.8%

-25.0%

-26.5%

8

Portland-Vancouver,   Ore.

12.0%

-45.8%

-23.5%

9

San Diego, Calif.

21.1%

-26.4%

-28.5%

10

Reno, Nev.

26.0%

-32.3%

-29.1%

Top Five Turnaround Towns

#1 – Oakland, Calif.: Oakland has been well on the path to recovery for more than a year. In the second quarter of 2013, listings in the Oakland market fell more than 34 percent from year-ago levels. Oakland led the nation in year-over-year list price increases in the second quarter of 2013 and houses in Oakland are staying listed on realtor.com® for only 15 days, which is the youngest inventory in the nation. The median list house price in Oakland has risen from $339,000 a year ago to $479,000 in the second quarter of 2013.

#2 – Orange County, Calif.: With record numbers of foreclosures just four years ago, home prices inOrange County rose 29.4 percent above year-ago levels. In the second quarter of this year, Orange Countyhad the fastest declining inventory in the nation, with listings on realtor.com® down 36.6 percent. The median age of Orange County homes on realtor.com® in the second quarter of 2013 was 51 days, far below the national median of 83 days and 43.3 percent lower than a year ago.

#3 – Santa Barbara-Santa Maria-Lompoc, Calif.: Santa Barbara’s strong prices catapulted it into third place on the list. In the second quarter of 2013, this market’s median price was up 34.3 percent over a year ago to $685,000. Though Santa Barbara inventories were still extraordinarily low – down 27.8 percent from the second quarter of 2012 – they have started to recover. The average time that Santa Barbaralistings spend on realtor.com® (56 days) dropped 30.9 percent from the second quarter of 2012.

#4 – San Jose, Calif.: Inventories in San Jose dropped 35.4 percent compared to the second quarter of 2012, the second-largest drop in the nation. Year-over-year San Jose prices were up exactly 25 percent in the second quarter of 2013, another sign that the market is returning to normal after a combination of historically low inventories and strong demand powered prices in San Jose and several other Northern California cities to huge increases.

 

 

read more…

 

http://www.realestateeconomywatch.com/2013/08/california-markets-top-turnaround-towns/

Small Dog’s Death Raises Concern About Coyotes | Mount Kisco Homes

Concerns about a coyote invasion in Westchester County have been heightened since the animals attacked and killed one woman’s beloved dog.

As CBS 2’s Tracee Carrasco reported Monday night, a tiny backyard memorial has been set up for the small dog that lost her life to three vicious members of her own taxonomic genus.

“She was a Chihuahua-terrier mix, about 7 pounds; full of heart,” said Kristin Porteus.

But the tiny pup, Roxy, was no match for a pack of three coyotes last Friday morning.

Like any other day, Porteus let her three dogs into the backyard of her Mount Kisco home in Westchester County. But on this particular day, there were three coyotes right there waiting.

“Right around here, I saw a lot of commotion and Roxy was barking, and I saw two coyotes come,” Porteus said.

Two of Porteus’ small dogs were able to escape as she chased the coyotes out of her backyard. But Roxy could not get away.

Now, Porteus and other Mount Kisco residents have become worried that the brazen animals are becoming more aggressive. They are afraid the animals may attack a child next.

 

 

 

Small Dog’s Death Raises Concern About Coyotes In Westchester County « CBS New York.

Mount Kisco Police Issue Alert after Coyotes Kill Pet Dog | Mt. Kisco Real Estate

A coyote attack on three dogs on Friday prompted police to issue an alert urging residents to be vigilant about monitoring their children and pets outside.

Around 7 a.m. three coyotes descended on Kristin Porteus’ three small Chihuahua terrier mixes at her  Langeland Drive home, killing one of them despite Porteus’ efforts to prevent the attack, according to a report in The Journal News.

Mount Kisco police sent out an online alert Saturday night about the coyote attack. A coyote also was sighted Friday evening in northeast Mount Kisco. The  incidents are the latest in a string of confrontations with coyotes.

Read the full Journal News article here.

 

 

Mount Kisco Police Issue Alert after Coyotes Kill Pet Dog | The Mt. Kisco Daily Voice.

Flash Flood Watch Issued For Mt. Kisco Friday Morning | Mt. Kisco Real Estate

WESTCHESTER COUNTY, N.Y. — The National Weather Service issued a Flash Flood Watch Thursday afternoon for Westchester County.

Flash flooding is possible with widespread heavy rainfall coming Friday and into Saturday ahead of Tropical Storm Andrea. The flash flood watch went into effect just after 2 p.m. Thursday and is expected to last until 2 p.m. Saturday, according to the NWS.

The NWS previously issued a hazardous weather outlook for Westchester County for Friday with heavy rainfall and urban and small stream flooding possible. Rain totals are predicted to be 2 to 2.5 inches or more from the low pressure system and its extensive tropical moisture, according to a previous report.

For more on Tropical Storm Andrea, residents are asked to visit the National Hurricane Center website. Residents can also visit FEMA’s website to learn more on how to prepare for hurricanes and tropical storms.

 

Flash Flood Watch Issued For Mt. Kisco Friday Morning | The Mt. Kisco Daily Voice.

Fannie, Freddie and FHA shrinking REO inventories | Mount Kisco Real Estate

Fannie Mae, Freddie Mac and FHA had 189,529 homes in their real estate owned (REO) inventories at the end of March — a 9 percent drop from a year ago and a decline of nearly 36 percent from the 2010 peak,  financial blogger Bill McBride reports.

Other institutions — portfolio lenders and loan servicers who collect payments on “private-label” mortgage-backed securities (MBS) — also have stockpiles of REOs, but those inventories are declining, too, McBride says. Source: calculatedriskblog.com.

 

 

 

Fannie, Freddie and FHA shrinking REO inventories | Inman News.

Post Free Healthy-Home Tips | Mt Kisco Realtor

One-quarter of U.S. residents have either allergy or asthma symptoms, according to WebMD. In addition, 90 percent of our lives are spent indoors, reports the medical Web site.

Help owners be healthier in their own homes by posting to Facebook a free article, “8 Tips to Make Your Remodel More Energy Efficient and Your Home Healthier,” from the REALTOR® Content Resource. It’s just one of five free articles now available in the January “Plan for Your Winter Remodeling Projects” theme.