Westchester & Fairfield Cheat Sheet: Rockefeller estate in Mount Pleasant sells for $33M, home rentals on the rise in Greenwich … & more

Mar.March 14, 2018 03:50 PM

Webster Bank leased 25,000 square feet in Stamford, David Rockefeller’s estate in Mount Pleasant sold for $33 million, Scarsdale is reviewing plans to redevelop the Freightway parking site, and KOSL Building’s plans to demolish “The Orchard” house will get a vote.

Rockefeller estate in Mount Pleasant sells for $33M, 50% above ask
David Rockefeller’s Hudson Pines estate in the Mount Pleasant hamlet of Pocantico Hills sold for $33 million, which was 50 percent more than the $22 million listing price. The former chairman and CEO of Chase Manhattan Corporation lived on the 75-acre estate until his death last March. There are 12 structures on the property, including the 11,343-square-foot main house, a three-bedroom guest house, a stable and greenhouses. Houlihan Lawrence Private Brokerage’s David Turner and Anthony Cutugno handled the listing for the estate, and the buyer was not disclosed. [TRD]

Greenwich home rentals rising even as sales market remains healthy
The market for rental homes in Greenwich has traditionally grown only when the overall housing market has suffered, but lately there has been an appetite for single-family rentals even as the sales market is healthy, local realtors told the Greenwich Time. Uncertainty about property values is turning some would-be buyers into renters, they said. Others credit downsizing empty-nesters and young New York City families trying out the suburbs as growing segments of the rental market. [Greenwich Time]

Plans to redevelop Scarsdale commuter parking site include condo and rental options
A committee of residents, local business people and village officials issued a report with several options for the redevelopment of the 2.5-acre Freightway parking facility in Scarsdale. One plan calls for building between 58 and 93 condo units on top of the existing five-story parking structure, while the second option adds the construction of a walkway over the train tracks. The third choice is to build between 91 and 145 rental apartments on top of three levels of parking. The village board will review the plans and would hire a developer if any are approved. [Lohud]

Developer’s plan to demolish historic Larchmont home ready for planning board vote
After a village moratorium on tear-down applications expired, developer KOSL Building Group’s plan to demolish an 1896 home known as “The Orchard” will be decided by a planning board vote next week. In 2015, KOSL submitted plans to tear down the 3,000 square-foot house and subdivide the 1.6-acre site with four new homes being built in its place. Local preservationists led public opposition to the plan, and the Village Board of Trustees put a hold on all building applications while analyzing the impact of subdivisions. Larchmont passed new zoning laws for development and the moratorium on permits ended in December 2016. [Lohud]

Webster Bank leases 25K square feet at 200 Elm Street in Stamford
Webster Bank, a regional bank based in Waterbury, leased 25,000 square feet of office space at Building and Land Technology’s 200 Elm Street in Stamford, an announcement from BLT. The recently renovated building is one of two neighboring office towers that were built as the headquarters of reinsurer Gen Re. “It’s exciting to see such great tenants choosing Stamford for new locations and relocations,” said Carl R. Kuehner, III, CEO of BLT. Ed Tonnessen of JLL represented Webster Bank, which joins Henkel Consumer Goods, tax consultants RSM and Tudor Investment Corp. at 200 Main Street.

Related Articles

The drop occurred after a record 6.6 million Americans filed for unemployment benefits last week. (Credit: photo by Victor J. Blue/Getty Images; iStock)

Early April sees 15% drop in rent-paying nationwide: report

Tenants and landlords are preparing for what to do when tenants do not pay rent this month. (Credit: iStock)

“They don’t deserve rent”: Tenants weigh rent strikes as landlords plan for the worst

Gov. Andrew Cuomo (Cuomo by John Lamparski/NurPhoto via Getty Images; Illustration by The Real Deal)

“It’s scary:” Landlords praying tenants pay April rent

(Credit: iStock)

“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough

Bernie Sanders (Credit: Getty Images)

Bernie Sanders throws support behind New York rent-suspension bill

Massive stimulus package has limited upside for real estate

Massive stimulus package has limited upside for real estate

Michael Gianaris (NY Senate, iStock)

Gianaris proposes relief bill for renters and landlords, but not banks

Gov. Andrew Cuomo (Credit: Bennett Raglin/Getty Images)

Cuomo says NY “took care of rent issue,” but has no policy in place