Thursday, February 27, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Last November 5th, we reported the opening of Aldi's new grocery store in Nanuet. Aldi is a German-based grocery chain which is known for its tighter-than-bark-on-a-tree strategies to save money (like the 25-cent shopping cart rental scheme and not offering shopping bags). Such penny-pinching has allowed Aldi to undercut even Walmart's margin-thin grocery prices.
Today, the Rockland County Business Journal reported plans for another German-based grocery hoping to open in Rockland County. Lidl, a grocer with 10,000 stores across Europe and 77 in nine US states is planning to open a location in the Tappan Plaza center on Route 303 in the town of Orangetown.
Lidl stores are generally smaller than most of its U.S. competitors, averaging 20,000 square feet with six aisles. Like Aldi, approximately 90% of Lidl's merchandise will be house brands, including fresh and frozen seafood, fresh produce, bak ...
Thursday, December 5, 2019 / by Vanessa Saunders
A recent cover story on the Hudson Valley Magazine's the Real Estate section featured our listing for sale at 60 Balmville Road under the headline "5 Historic Homes in Newburgh That Will Steal Your Heart".
We couldn't agree more!
The article points out that Newburgh's recent renaissance of it's restaurants, retail and waterfront is stimulating an increase in property values in the area. There are still some bargains to be had, especially in older, historic homes,
The home at 60 Balmville Road is certainly one of those, a 1856 Gothic Revival masterpiece on 1.9 well-tended acres which offers a wealth of original architectural details. It has 10-foot mahogany coffered ceilings, five fireplaces, wall paneling, and the original recessed mahogany bookcases. Many wood built-in features are meticulously carved, accented by ornamental plaster swag molding, and ceiling moldings with dainty corner cartouches. Other details include a funky 1940s bathrooms and an updated ki ...
Wednesday, June 5, 2019 / by Vanessa Saunders
Stunning and significant, Frederick Clarke Withers’ early Victorian masterpiece sits serenely back from the road in elegant Balmville, surrounded by sweeping lawns. Completed in 1856, its spacious rooms with 10-feet ceilings give it grandeur & a sense of history. No ordinary home, 5 unique fireplaces, mahogany coffered ceilings and wall paneling, the original recessed mahogany bookcases with the 19th century glass doors intact, wonderful decorative strap work ceiling , meticulous wood carved built-ins, ornamental plaster swag molding, & ceiling moldings with delicate corner cartouches, make it extraordinary. Partially restored and renovated, some of the rooms still need some work, but it’s entirely livable with an updated kitchen and recent extensive repairs inside and out including the slate roof, plumbing and electricity. Made for a crowd, family and friends, this exciting, important piece of Newburgh history is a blank canvas, waiting to shine again. Come bring i ...
Wednesday, May 22, 2019 / by Vanessa Saunders
From all the press coverage about dropping home prices in the Hamptons, you'd think the sky was falling. "Home prices are plummeting in the Hamptons," trumpets The New York Times about the infamous vacation playground of New York City's wealthiest residents. The Hamptons, once the favored vacation destination of New York City's wealthy elite is reportedly seeing home prices fall and high-end properties sitting on the market for months, according to the Times.
As it happens, the press stories are not fake news. The median sale price of a Hamptons home has fallen to a seven-year low of just $860,000.
This luxury real-estate slump can be traced, in part, to Donald Trump's 2016 federal tax reform, as the Financial Times' Ben Foldy reported. The new tax laws make it more expensive for homeowners to own luxury homes because they can deduct only $10,000 in state and local taxes from their federal income tax filings.
The most expensive homes for sale in the Hamptons are suffering th ...
Monday, April 29, 2019 / by Vanessa Saunders
We have written a lot about how owning a home is a financially wise way toward wealth. But we haven't addressed the idea of making your house its own income stream. Your house could actually generate cash income as an air Bed and Breakfast using AirBnB.com. Make money off space you no longer use? It seems an obvious way to squeeze the most out of your housing investment.
In research conducted by Smart Asset, more than 2.5 million people world-wide have listed their properties, or parts of them, making an average of $20,000-plus a year depending on the location). According to Airbnb,average American hosts realize about $7,200 a year - still not a bad income for simply renting out property you already own.
If you are interested in hosting strangers in your home, there are a few points to keep in mind before taking the plunge. It would be wise to check with your local municipality to see if there are any short-term occupancy rules or licensing requireme ...