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Home Buying in Bronxville : Real Estate Advice

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  • Local Info11
  • Home Buying54
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Activity 75
Sat May 27, 2017
Kathy Burgreen answered:
I'm a recently retired realtor and as a guideline, the towns with the better school districts and more expensive co-op and condo buildings have the best financials. The cities / towns with lower priced co-op and condo buildings and low quality school districts have the worst financials.
I'm a VP of my co-op Board in Mamaroneck. You need to understand that residents volunteer to be on co-op Boards and HOA's for condos. They do not need or require any previous experience so in theory, any idiot can be on a co-op Board or condo HOA. However, in reality, in the more expensive towns / cities (White Plains, Eastchester, Bronxville, Mamaroneck, Rye, Scarsdale, etc.) residents tend to have college degrees and professional careers with higher incomes. In the lower income towns, residents have low income jobs and not as many residents with degrees from top ranked universities. Therefore, co-op Boards in White Plains, Eastchester, Scarsdale, etc. will have Board members who have backgrounds in finance, accounting, law, management, real estate, etc. They also have investments so they are knowledgeable. Co-op Boards in lower income towns / cities (Yonkers, New Rochelle, Mount Vernon, etc.) do not have these backgrounds so they can easily mismanage money and leave the building in the red or at a loss. You will have frequent maintenance increases in these buildings and sellers who cannot attract buyers.
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Sat May 27, 2017
Kathy Burgreen answered:
As a recently retired realtor in Westchester (I did serve Bronxville), you cannot buy a co-op unit and have your sister live there. You need to know that co-op Boards review applications from buyers and decide whether to accept or deny the buyer. It needs to be based on finances but New York State does not have any laws that dictate what guidelines co-op Boards need to follow. Therefore, every co-op Board has their own criteria and guidelines on who to accept or reject.

However, since I'm a VP of my co-op Board and a former realtor, I do know the following applies across all co-op Boards in New York City and the suburbs:

1. The person applying to purchase the co-op unit MUST live in the unit. Co-op Boards do not accept investors, foreigners or family members who buy a unit and do not live there.
2. The person (couple) occupying the unit MUST have an income to pay their mortgage (if any) + the monthly maintenance fee + utilities + transportation costs. If the person is retired, they must prove their savings or investments is sufficient enough to pay the maintenance fee every month on time.
3. Co-op Boards cannot discriminate buyers based on any of the categories in the Fair Housing law. In Westchester County, co-op Boards must accept SSI as a source of income.

Based on the above, the issue is your sister's SSI income is acceptable but SSI is not enough to pay for the monthly maintenance + utilities + food. Even if you paid for the co-op unit in cash, your sister's SSI income is not enough to pay for the monthly expenses and every co-op Board will reject your sister because of this. You need to understand that housing and cost of living in the New York City suburbs is very expensive. SSI income is very low. It would be much better for your sister to rent. You can have the landlord put your name down to pay the monthly rent.
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Fri Mar 18, 2016
Kathy Burgreen answered:
If you're looking in Westchester County, you will have far more luck searching Yonkers, New Rochelle, Mount Vernon, White Plains and Mamaroneck. You need to understand that Bronxville, Tuckahoe & Eastchester are very affluent communities and the odds of you finding any foreclosures are slim to none.
I see listings of foreclosures all the time in the local paper (www.lohud.com)
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Thu Dec 3, 2015
Melissa Colabella answered:
I am a local agent covering the Bronxville P.O. If you have clients looking to move to the area I'm happy to work with you. I agree with Kathy that as a licensed agent, there are Fair Housing Laws we must abide by. However, I am happy to have conversations about which neighborhoods are "artsier" than others. We have a strong art community in the Rivertowns here in Westchester. ... more
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Mon Oct 12, 2015
Kathy Burgreen answered:
For Bronxville & Scarsdale, you will need close to $2M - so your budget of $1M is not enough. For $1M, you need to look at New Rochelle (north end), Larchmont, Mamaroneck, Rye, Harrison, Pelham Manor, Tuckhaoe, Ardsley, Irvington.
As you learned, property taxes in NY is completely different than Calif. NY & NJ are the highest property tax states in the U.S. Basically, you're paying for top rated school districts & other services. The only consolation is if you're income is below $500,000, NY will give you a rebate for a portion of the school taxes paid. If you'e above $500K, sorry.
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Sun Oct 11, 2015
Jordanmiller999 answered:
No, its abnormal:) as if your offer has been accepted it doesn't matter how many they get after. You're IN and thats it unless you back out.
If you were the seller and they got multiples after you have been accepted yes that would be "normal" to be upset.
Id be happy if I were you, in a normal way.
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Mon Aug 10, 2015
Donald Mituzas answered:
I would recommend the Crestwood section of Yonkers. My wife grew up there and it's a great neighborhood. It's convenient to Bronxville and there is the Crestwood Metro North train station. Colonial Heights is another great neighborhood next to Bronxville.

Don Mituzas
Licensed Associate Broker
Douglas Elliman Real Estate
http://www.donmituzas.com
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Thu May 28, 2015
Michael Levy answered:
Hi Irma,
If you are looking for a two family house in Bronxville, I can help you out. Please contact me for more information.
Michael Levy
Principal Broker at Grand Lux Realty
914-273-9688
Grandluxrealty.com
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Mon Feb 16, 2015
Christopher Pagli answered:
They require permit parking during commuting hours to deter non residents from parking in the area in order to commute to NYC.

Chris.
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Wed Oct 29, 2014
Christopher Pagli answered:
Maintenance fees are typically associated with coops. they include your pro rata share of the buildings property taxes, master insurance policy, and care for the grounds. HOA stands for home owners association and is typically concentrated in a development. The HOA fees tend to include the maintenance for common areas or amenities.

Christopher PAgli
914.406.9023
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Tue May 13, 2014
Tara Taylor answered:
Nichola,

Hillside Road is located in the Town of Eastchester. Bronxville is a Village within Eastchester. The Village of Tuckahoe is also located in Eastchester. However, Hillside Road is not in the Bronxville School District. This home is located in the Tuckahoe School District.

Students who reside outside of the district (tuition students) are also enrolled in Bronxville Schools. Elementary School tuition is currently just under $19,000 per year. The Bronxville High School is just under $25,000 per year. The annual tuition percentage increases have historically been equivalent to the school budget percentage increases.

If you would like any additional information, please contact me.

Tara Taylor
REALTOR
Coldwell Banker Bronxville
914.712.6992
Tara.Taylor@ColdwellBanker.com
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Tue May 13, 2014
Tara Taylor answered:
Hello Isaac,

If you will be looking in Westchester County, please feel free to contact me to assist you in your search. In the range of $150k you will find a nice apartment to use as an income producing property.

Tara Taylor
REALTOR
Coldwell Banker Carlson
Bronxville, NY
914.712.6992
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Thu Nov 21, 2013
Post87 answered:
Isn't the answer to this question pretty objectively "No"? In Bronxville, you are paying a premium for its school district. For a pied-a-terre the school district is something you will likely never use. If you are looking for a pied-a-terre in Westchester, I would think New Rochelle would be a better choice. Similarly convenient and amenity-rich, but without the school district premium (or the associated taxes). ... more
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Tue Oct 22, 2013
Antonio Sanchez answered:
Hello,


Yes some good advice is stay neutral and make sure that you give due notice to both parties that you are working with both sides to keep everyone on the same page so that when you get a big commission at closing it does not blow up in your face.

Sincerely, 
Antonio Sanchez
Exit Realty Search
Licensed Real Estate Salesperson
3928 E. Tremont Avenue
CELL: 347-320-0673
FAX:    347-202-4966

antonio@exitrealtysearch.com
www.lovingmytown.com
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Mon Sep 23, 2013
Marcia Spencer answered:
Please di call me ASAP!!! I will be more than happy to assist you!!!

Thanks

Best Regards,
Marcia Spencer, Broker
PLATINUM ROYAL PROPERTIES, INC.
Ph: 914.361.5994 | 914.396.3416
Fax: 845.784.5898
email: marcia@platinumroyalproperties.com
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Mon Jul 15, 2013
answered:
It all depends on what they negotiate with the seller, its typically between 4-6% and then they split part of it with a buyers agent, unless they find the buyer in which they keep the total amount. ... more
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Mon Jul 8, 2013
Anna M Brocco answered:
For an accurate picture of costs, contact a few local agencies and ask for free quotes...
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Mon Jun 17, 2013
Rey Hollingsworth Falu answered:
Westchester coops that love pets! Well...maybe not as much as you do, but well enough. I always get many requests from buyers looking for pet friendly coops in Westchester. So I did a little homework in the Westchester MLS and came up with this list. The information provided is only for coops. Sorry renters... I don't have a full list for you .

Some of these buildings take all pets, some take restricted weight, some take only cats or smaller animals. You must contact the management company to get the real scoop. Some are very strict about their pet policy and others...well just just say they have poor vision.

AskRey.net has not verified these listings, therefore as a caring guardian, please undertake full research and verify information posted before entering into any agreement. If you would like full listings of coops or condos that are currently available for sale in these buildings... AskRey.


Complex Location

Bronxville Ridge Bronx River Rd, Bronxville NY 10708

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Haddon Hall Parkview Ave, Bronxville NY 10708
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Sun Mar 17, 2013
Anna M Brocco answered:
It's all about personal preferences, wants, needs, lifestyle, etc.; therefore take the time to revisit areas of interest more than once, then determine where your comfort level will best be reached.... ... more
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