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

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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

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.

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.

Business Travel On A Tight Budget

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Business trips can cost companies a lot of money. Whilst most companies try to set an allowance for them and their employees, it’s inevitable that people will spend as much of this allowance as possible. You can set a very low budget to try to discourage excessive spending, but this could result in poor travel conditions that make your employees feel undervalued. As a result, you need to find other ways decrease spending. Here are just a few tips for keeping business travel costs down whilst still allowing you and your employees to travel in comfort.

Book in advance – not last minute

Whilst you can get last minute deals on flight and hotels, there’s never any guarantee on this – hotels and flights could become booked up forcing you to resort to more expensive options. You’re much better off booking in advance, allowing you to take advantage of early bird deals. Some airlines such as Etihad Airways also allow you to pay for flights in instalments when booking ahead, helping to make it more affordable. You can take control of booking these flights or you can try encourage your employees to book by a certain date to ensure that they don’t end up paying premium fees out of your travel budget.

Take advantage of group discounts

When it comes to group business travel, it’s worth looking out for group discounts. Accommodation such as this hotel near Taylor County Expo Center, Abilene, Texas offers group discounts to those travelling on business purposes – this could be useful if you’ve got a trade fair lined up. There are meanwhile some airlines that also offer group discounts for those travelling on business purposes.

Encourage employees to save money on trips with incentives

Many employees won’t see the point of saving money when given an allowance. However, you can encourage employees to spend less on their allowance by offering incentives to do so. This could include giving a bonus to the employee that saves the most on travel expenses. You could even roll over some the savings into a joint account that is then shared amongst everyone at the end of the year – your employees may feel guilty for spending all their allowance if they know that it will affect the rest of the team’s overall annual bonus.

Consider whether you really need to travel

Business travel is sometimes necessary for certain events, but there can be other times when it’s an unnecessary luxury. Conferences and meetings can now be conducted via video-communication – this could allow you to host presentations to people on the other side of the country (or indeed the other side of the world) without having to do any travelling. The glamour of travelling can be exciting for you and your employees, but you may not actually be achieving anything that you can’t do from your desk.

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.