News: Brokerage

Grove at New Windsor celebrates one-year anniv. and sells 60% of townhomes; Developed by Baker Residential

The Grove at New Windsor will be celebrating its one-year anniversary in style with nearly 60% of its townhomes sold in 12 months. To mark the milestone, Baker Residential, developer of The Grove, is releasing brand new and improved two-bedroom floorplans at the popular community which is rising on the site of the former Stewart Military base in the Orange County. "It's been a remarkable first year at The Grove with 81 homes sold," Ashley Young, sales representative for Baker Residential said. "Our success can be directly traced to the value-packed homes, competitive pricing and historically low interest rates which make homeownership more affordable than ever. This record setting sales pace has left us with less than 23-bedroom townhomes available for sale. And with our inventory of homes quickly dwindling, homebuyers interested in these incredible housing opportunities should act quickly." To celebrate its one-year anniversary, The Grove will be hosting Open House weekends every Saturday and Sunday from 11 a.m. to 4 p.m. throughout January. In addition to the two-bedroom model homes, visitors can also tour two furnished three-bedroom models - the Spruce and Aspen - when attending the Open House events. Many of the sales at The Grove have been generated from homebuyers from New York City looking to trade in the hustle and bustle of city living for a suburban residential address. Two and three-bedroom homes at the community range in size from 1,800 to 2,600 square feet. Designer features can be found throughout the kitchen, baths and living areas; including luxurious master suites with vaulted ceilings, walk-in closets and private bath with double vanity, stall shower and soaking tub and gourmet kitchens with center islands. There are also one and two car garages, private deck or patio and many homes that include finished basements. There will also be a select number of brand new townhome designs available at the neighborhood. Commuter convenience is ideal at The Grove at New Windsor which is near Interstate 84 and the New York State Thruway. A variety of mass transit options are readily available including the Metro North and NJ Transit rail service and CoachUSA operated bus service via the 17K Park-N-Ride. Those flying out of or into the area will enjoy the ease that comes with having Stewart International Airport close by. Those looking for a grander shopping experience will be pleased to find the Woodbury Commons Mall, with over 200 specialty shops and outlet stores, only a short drive away. Residents at The Grove will enjoy an active and social lifestyle from the day they move in thanks to an existing 4,100 square-foot clubhouse which offers a host of amenities including a state-of-the-art fitness center, game room, residents lounge, outdoor swimming pool, tennis court and deck/patio with commanding views of the surrounding mountains and landscape. Nestled in the historic Hudson River Valley, The Grove at New Windsor boasts a country-like atmosphere with panoramic mountain views.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced