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Real Estate
COVID-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped COVID-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped
Covid-19: Many Wealthy NYC Residents Making Move To Suburbs, With Real Estate Agents Swamped With the weather warming up and the novel coronavirus (COVID-19) outbreak ongoing, many wealthy New Yorkers are leaving the city to head toward the suburbs. According to reports, wealthy New York City residents have been moving their money and families into the suburbs as they look to escape COVID-19 and imagine a "new normal" after the virus hit the dense urban city particularly hard, overwhelming hospitals during the height of the pandemic. In response to the outbreak, many buyers and renters have been leaving the city en masse and flooding the suburbs, where there is more space and less …

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by Zak Failla
Real Estate
Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M
Newly Named Iona College Basketball Coach Rick Pitino Sells Florida Estate For $17M New Iona College men’s basketball coach Rick Pitino has sold his waterfront Florida mansion for $17 million as he prepares to make his way to Westchester. Pitino’s 10,000-square-foot Mediterranean-style mansion, which is on the water in the exclusive enclave of Indian Creek Island has been on the market since 2016. Pitino originally bought the property in 1999 for $5.4 million. It was reportedly originally listed for nearly $24 million when it went on the market. The island, located north of Miami, is made up of its own village, 34 homes, state-of-the-art golf course and has a 13-member po…

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by Zak Failla
Real Estate
Some Of Greenwich's Priciest Properties Selling Faster, Report Says Some Of Greenwich's Priciest Properties Selling Faster, Report Says
Some Of Greenwich's Priciest Properties Selling Faster, Report Says Sales of homes in Greenwich are down for the third quarter except the higher priced ones, according to Crain's New York. There were 152 single-family houses sold in the three-month period to June, down by 11% from the prior year, said the Crain's New York article, citing a report by a real estate appraiser. The sales' median price went up by 9.5%, the largest increase for a quarter since year-end 2017, to $2.03 million, said Crain's New York. Click here for the Crain's New York report.

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by Donna Christopher
Real Estate
Local Investors Purchase Fairfield Kohl's Building For $12.5M Local Investors Purchase Fairfield Kohl's Building For $12.5M
Local Investors Purchase Fairfield Kohl's Building For $12.5M A group of investors is teaming up to purchase the Kohl’s building in Fairfield. Westport-based Vidal/Wettenstein announced this week that the three-parcel property on Tunxis Hill Road has been sold in a $12.5 million off-market deal. The property has been fully occupied as the terms of the sale were finalized. Over the past several decades, the main building has housed several tenants, including the original PathMart Food Store, an Arlan’s department store and Caldor. Kohl’s has been in the 101,402-square-foot property since Caldor vacated the space approximately 20 years ago. As part of …

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by Zak Failla
Real Estate
NYC Rents Soar To Three-Year High NYC Rents Soar To Three-Year High
NYC Rents Soar To Three-Year High With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …

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by Zak Failla
Real Estate
Glenn Close Lists Westchester Estate For $3.6M After 30 Years In Area Glenn Close Lists Westchester Estate For $3.6M After 30 Years In Area
Glenn Close Lists Westchester Estate For $3.6M After 30 Years In Area After more than 30 years, iconic actress and "Fatal Attraction" femme fatale, Glenn Close has listed her Northern Westchester estate for sale. Known affectionately, as "Beanfield," the 10-acre estate in Bedford Hills on Succabone Road, which includes a totally renovated idyllic farmhouse, has hit the market for $3.6 million, according to dwell.  The five bedrooms, five bathroom home was recently the setting for Close’s daughter, actress Annie Starke's wedding to management consultant Marc Albu. Starke grew up in the home originally built in 1910.  The home has since been totally renovated…

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by Kathy Reakes
Real Estate
Trump Tower Now One Of NYC's Least Desirable Luxury Buildings, Report Says Trump Tower Now One Of NYC's Least Desirable Luxury Buildings, Report Says
Trump Tower Now One Of NYC's Least Desirable Luxury Buildings, Report Says There has been a mass exodus out of Trump Tower in recent years, making it one of the least desirable luxury properties in Manhattan, according to a new report. Bloomberg News reported this week that the 36-year-old building “has been turned into a fortress,” since Trump took over in the Oval Office, with entrances partially blocked and the president’s name turning off liberals in Manhattan. According to reports, condo owners have been cashing out, with many selling at a 20 percent loss to get out of the building. Less than one percent of homes in Manhattan have sold for a loss in the past …

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by Zak Failla
Real Estate
Estate Featured In 'Carlito's Way' With Stunning View Of Long Island Sound Listed At $35M Estate Featured In 'Carlito's Way' With Stunning View Of Long Island Sound Listed At $35M
Estate Featured In 'Carlito's Way' With Stunning View Of Long Island Sound Listed At $35M A sprawling North Shore estate on Long Island made famous in Al Pacino’s “Carlito’s Way” has been put on the market for a cool $35 million. A 26,000-square-foot mansion with seven bedrooms and seven full and 10 half bathrooms on Spring Lane in Great Neck has been listed by realtors Daniel Gale. The home sits on three acres of “picturesque waterfront property,” in the village of Kings Point. If the views of the home look familiar, it is because they were prominently featured in Pacino and Sean Penn’s crime thriller “Carlito’s Way,” which came out in 1993. In the movie, the estate was shot wh…

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by Zak Failla
Real Estate
Paul Simon's New Canaan Estate Hits Market At $13.9M Paul Simon's New Canaan Estate Hits Market At $13.9M
Paul Simon's New Canaan Estate Hits Market At $13.9M Music legend Paul Simon’s Fairfield County estate can be yours for $13.9 million. The man famed for such hits as “Mrs. Robinson” and “The Sound of Silence” listed his New Canaan property this week for $13.9 million, which is 16 percent less than he purchased it for in 2012, according to the Wall Street Journal. Simon and his wife, singer Edie Brickell raised their three children at the Brookwood Lane estate, which was originally built in 1938. "The first thing we thought when we moved from Manhattan was 'Wow! We have our own park'," Simon said in a statement to the Wall Street Journal. "It…

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by Zak Failla
Real Estate
$11.18M Home Sale Most Expensive In Greenwich This Year $11.18M Home Sale Most Expensive In Greenwich This Year
$11.18M Home Sale Most Expensive In Greenwich This Year Greenwich’s residential real estate market has hit a new high for 2019 after a Close Road estate, described as the “ultimate trophy property,” sold for a lofty $11,180,000. The waterfront home, sold by Five Corners realtor Danielle Scialpi-Malloy, marks the most expensive Greenwich home sold this year. Set comfortably on 5.29 acres with 300 square feet of private water frontage, this luxurious property truly has it all. Equipped with a large, heated swimming pool, peaceful patios and balconies, a gazebo and private dock, a lake pavilion, game courts and much more, the property is designed w…

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by Valerie Musson
Real Estate
This Fairfield County City Saw State's Biggest Increase In Median Home Price This Fairfield County City Saw State's Biggest Increase In Median Home Price
This Fairfield County City Saw State's Biggest Increase In Median Home Price A new report on HomeArea has cited a city in Fairfield County among its list of areas that underwent the greatest increase in median home price. The findings were released by the Census Bureau and initially gathered from the American Community Survey based on cities in Connecticut that have 60,000 residents or more. Norwalk made the No. 8 spot on the list, with a median multiple of 6.0. The median multiple is the value that indicates how many years it would take with the median income to pay off the median home price. This shows a 1.1 increase over last year’s median multiple of 4.9. As a …

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by Valerie Musson
Real Estate
Bruce Willis' Westchester Estate Hits Market For $12.95 Million Bruce Willis' Westchester Estate Hits Market For $12.95 Million
Bruce Willis' Westchester Estate Hits Market For $12.95 Million Bruce Willis, who reached international fame in 1988 playing John McClane in the original "Die Hard," has listed his 22-acre, Northern Westchester estate for $12.95 million. The compound in Bedford Corners estate on Croton Lake Road features a view of the Croton Reservoir, according to the listing by Douglas Elliman. The listing agents are: Nancy Strong, Stacey Oestreich and Ann Cutbill Lenane. The listing, first reported by The Wall Street Journal, states that the gated property is “beautifully landscaped,” and includes four houses with a total of 12 bedrooms, a vegetable ga…

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by Zak Failla