New Record Sale in Rockland County - $5.2M in Upper Nyack

For those looking for homes out of the city, we’ve just got word of Rockland County’s highest priced single-family home since 2013, and the county’s second highest price for a single family home for the last ten years. The Hudson Riverfront estate at 641 North Broadway in Nyack has closed for $5.2M, surpassing the $5.1M sale of Rosie O’Donnell’s Nyack estate one year ago. The sale occurs as average and median single-family home prices hit new highs. 

Courtesy of Vinny Garrison

One of the largest privately-owned properties on the west side of the Hudson, the park-like estate sits on 6.42 acres in what was a sandstone quarry in the 1800’s and has a written history back to the Revolutionary War.  The 4,488-square-foot, five-bedroom, three-bathroom (one half bath) modern estate has 723 feet of Hudson River shoreline, a private boat dock, a sandy beach, and an in-ground pool. The luxurious home has 30-foot ceilings with walls of glass overlooking the Hudson River and Hook Mountain, antique barn beams, blue stone floors, and finishes of cedar and stone.

“Rockland County continues to offer an exceptional opportunity for buyers looking for space, amenities, natural beauty, and proximity to New York City,” stated Laura Weintraub, the property’s listing agent.

Photo Credit: Maksim Akelin

Photo Credit: Maksim Akelin

Photo Credit: Maksim Akelin

Photo Credit: Maksim Akelin

Photo Credit: Maksim Akelin

Rockland County median sale price was $460,000 for 2018, up 4.5 percent from $440,000 in 2017, and up 10.8 percent from $415,000 in 2009. Nyack median sale price was $605,000 for 2018, up 17.5 percent from $515,000 in 2017, and up 34.4 percent from $450,000 in 2009.

“Buyers recognize the diversity of options from living in-town to more rural properties with home styles ranging from modern to antique and everything in between. As home prices rose and inventory stayed tight in 2018, we saw a significant increase in our business.  This prominent sale is the perfect start for 2019.”

Other single-family Rockland County home sales over $5M include the 2013 $6.25M Georgian estate at 649 North Broadway in Nyack, built in 1900; the 2015 $5.05M 30-room castle at 1 Castle Road in Piermont, built in 1892; and the 2018 $5.1M Rosie O’Donnell renovated estate at 1 Gesner Avenue in Nyack, built in 1906.  In 2005, 23 Ludlow Lane sold for $5.5M, and 235 Broadway (aka “Pretty Penny” also sold by O’Donnell) closed for $5.85M.

The home was listed by Laura Weintraub of Weld Realty.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

Douglas Elliman’s David Montville Team Taps into Upstate NY Market with HGAR Memberships

Douglas Elliman,  has announce that members of The David Montville Team, currently based out of the firm’s 774 Broadway office, will soon be joining the Riverdale office, as the team looks to grow its services in both the NYC and upstate New York markets.

David M. Montville, Bart Platow, and DeWayne A. Powell will be dual-licensed with the two brokerage offices, and Montville and Platow will soon join Powell as members of the Hudson Gateway MLS, the Mid-Hudson MLS and the Columbia Greene Northern Dutchess MLS.

“As a team, we focus on first-time homebuyers and the HDFC market in NYC, and by joining the Riverdale office, we will be expanding our practice to include servicing the second- and weekend-home market in Northern Dutchess County, Columbia County, Ulster County, Greene County, and other points north,” said Montville. “These regions are quickly evolving, and we’re excited to take this next step in pursuing business in beautiful upstate New York.”

Powell, who owns a ca. 1850 center hall colonial farmhouse set on 50 acres in Ghent, New York, that provides hay, wheat, barley, and cattle grazing for nearby Hawthorne Valley Farm, added, “You can’t pick up a newspaper today without reading a mention of the Hudson Valley’s being a top destination. Buyers we are seeing include millennials who are continuing to rent in New York City and making their first real estate purchase upstate, buyers looking for affordability paired with great culture, food and experiences, and buyers seeking out land at higher ground due to climate change.”

David M. Montville, a 15-year veteran of the industry, pivoted to real estate after a successful career in finance and banking, from which he gained his vast network of connections in the New York business community and leveraged his much-respected analytical savvy.

Bart Platow, a former mortgage banker, is known for his unparalleled customer service, his cutting-edge market insights, and his expert knowledge of NYC’s most desirable neighborhoods. A strategic advisor and powerful negotiator, Platow holds many longstanding and strong relationships with lenders, attorneys, appraisers, inspectors, title companies, and all of the other professionals that are essential to a transaction. 

DeWayne A. Powell has over 25 years of experience in real estate, law, and the financial services industry. In addition to his block-by-block knowledge of New York City, particularly the Upper West Side, he is especially skilled at working with non-U.S. residents seeking property investments in the New York area and in advising city residents looking to invest in the Hudson Valley.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.