Where to Buy…Now

Six up-and-coming towns where you can buy low and sell high.

Ever walk through a ritzy neighborhood with an old-timer? At some point, as you stare with unabashed lust at some drop-dead gorgeous property, he or she will remark with sadistic glee, “I remember when you could have had your pick of these places for next to nothing.” Ruefully, you imagine what it’d be like to journey back in time (with checkbook in hand, of course) to the days when river-view mansions, soon-to-be-trendy lofts, and historic estates went begging.
Perhaps you have your own real estate story (which, like fish stories, are always about the one that got away). You were all set to buy that magnificent prewar when your mother-in-law prevailed upon you to buy in a “more established area.” If only you had listened to that little voice saying, “One day, this neighborhood is going to be hot.” It was within your grasp, and you let it go. You could kick yourself! Well, kick yourself no more. Westchester is home to a few up-and-coming towns where spectacular properties, while not exactly going begging (this is Westchester, after all), are politely clearing their throats for attention. So grab your checkbook for a brief tour of Westchester’s best real estate fishing holes. Years from now, you’ll be telling some drooling tourist about the day you landed the big one.

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 New Rochelle

 

Median Sold Home Price: $705,000
The Pros: Quick (34-minutes) commute to the city; 9.3 miles of shoreline; public beach; mix of urban and suburban environments; reasonable taxes; diverse population.
The Cons: No public pool; faded downtown (currently revitalizing); densely populated.

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“When I was growing up, down-town New Rochelle was where everyone came to shop,” says Scott Cohen, a broker at Wykagyl/Rittenberg Realty in New Rochelle as we drive down Main Street, a motley assembly of storefronts in various states of disrepair. “There was a Macy’s and a Bloomingdale’s—you never needed to go into Manhattan to shop. But it kind of petered out when White Plains took off. They stole our thunder.” Nowadays, the thunder is rumbling again in New Rochelle, a city of 72,182 people contained in 10.67 square miles. Downtown, the city has stolen a page from White Plains’ playbook. Tall towers, high-end high rises, and mixed-use developments by real estate’s biggest names, are helping the city shake its downtown doldrums. The excitement is transforming both the city’s skyline and its bottom line. Trump Plaza, Westchester’s tallest building-to-be, at 175 Huguenot Street, for example, is selling out quickly—even though it’s still under construction. A joint effort between Donald Trump and Louis Cappelli, Trump Plaza will top out at 40 stories (surpassing their Trump Tower in White Plains, at 35 stories, currently the county’s tallest building). The apartments here range from $500,000 for a one-bedroom unit to $1.4 million for a three-bedroom penthouse.
Across the street from Trump Plaza, there’s LeCount Square, a $750-million project that encom passes a full downtown block. A planned mixed-use development comprising two 32-story towers, the complex will include a 125-room hotel, 135,000 square feet of office space, 193,000 square feet of retail space, 15,000 square feet devoted to restaurants, 841 on-site parking spaces, and 201 units of luxury residential housing (most likely condos). A Cappelli companion project, The Lofts at New Roc, offers 98 co-op apartments (it’s one of Westchester’s rare co-op conversions from a rental building) ranging from under $200,000 for a studio apartment to $355,000 for a two-bedroom.
Like its rival, New Rochelle offers a convenient city commute (just 34 minutes by train to Grand Central), ethnic diversity, and urban amenities (i.e., stuff to do past 6 pm). But New Rochelle has a significant edge: the Long Island Sound. While much of the shore is in private hands as homes, beach clubs, and marinas, a 25-acre industrial strip known as Echo Bay is mostly owned by the city. The site, encompassing the southeast side of East Main Street from Echo Avenue to Salesian High School, is currently occupied by a public-works maintenance yard, a naval armory, a city-owned marina, and an abandoned Con Ed substation.
But New Rochelle has big plans for its property. In a few years, this area will feature a waterfront promenade, green space, housing, and shops. Four different plans from competing developers are before the City Council for review, and City Manager Chuck Strome predicts that work will begin as soon as 2008 or 2009.
When complete, Echo Bay will link the city’s existing parks and open water vistas. “It’ll also link Main Street to the waterfront,” says Strome. This is critical for the health of downtown development. Without a master plan, buildings like Trump Plaza are just isolated beacons of upscale flash and the only people who get to enjoy the waterfront are those who peer at it from their penthouses. The Echo Bay plan, in addition to the current development, should transform this part of New Rochelle and once again put the city on par with its old rival. Or perhaps steal some of its thunder.
Although downtown is clearly on the move, there is also real estate opportunity in the city’s North End. In this quieter, residential section of the city near the Scarsdale border, one of the most desirable communities is Wykagyl Park, where gracious Tudors from the 1920s, and vintage Colonials, mostly 2,000 to 4,000 square feet, are perched on manicured quarter-acre lots. Homes here aren’t cheap. According to Cohen, prices in Wykagyl Park range from $900,000 to $5 million, depending on size, updates, and amenities. But the real bargain here is in taxes—especially when compared to surrounding towns. Taxes on a typical Wykagyl Park home might be around $12,000. “That’s a bargain compared to someplace like Pelham,” Cohen explains. “In Pelham, they’re reassessing taxes based on the sale price, so a comparably-priced home might have taxes that are twice what you’d pay here.”
While we’re in the North End, here’s a bit of trivia: Do you remember the Dick Van Dyke show from the 1960s? Remember how he would come home to his suburban split ranch and trip over the ottoman? It just so happens that Dick’s split ranch was a real house located right here in New Rochelle on Bonnie Meadow Road off of Grand Boulevard on the Scarsdale border. (Which is where Carl Reiner lived and where Rob Reiner grew up.) Fast-forward nearly 50 years. The split ranch is still standing, but the person tripping over the ottoman might very well be African American, Asian, Hispanic, an Orthodox Jew, or a homosexual. “The people who live in the North End of New Rochelle have the same income as the people who populate Scarsdale, Larchmont, and Bronxville,” Cohen says, “but they’re more diverse in terms of background. This is a very accepting place. You could walk down North Avenue painted green and no one would blink an eye.”
While the market for individual homes in New Rochelle, as elsewhere, has cooled in recent months, Cohen says the market for condos remains relatively strong. “They’re very in demand,” he says—and plentiful in New Rochelle. One Ginsburg development, Kensington Woods, appeals especially to seniors (each home has its own elevator), but there are no pools, tennis courts, or clubhouses. Prices for a home in Kensington Woods range from $1.48 to $1.875 million.
For the moment, New Rochelle is popular with those who know her best. “Many of our buyers grew up in New Rochelle or never left,” says Cohen. “They know the community and this is the only place they want to be.” The ranks of those who love New Rochelle are growing. If you long to trip over an ottoman of your very own, you might want to hurry.

On the Market: New Rochelle

      Neighborhood/location: Bayberry
Listing price: $795,000
Square feet: 2,000
Year built: 1954
Bedrooms/bathrooms: 3/3
Est. acreage: 0.39
Taxes: $11,534
Features: Renovated one-level ranch with Bayberry community amenities like pool and tennis. Taxes with star are $11,534.
Listing provided by: Scott Cohen/Prudential Wykagyl/Rittenberg Realty/(914) 632-9100

Neighborhood/location: Paine Heights
Listing price: $1,999,999
Square feet: 4,800
Year built: 1929
Bedrooms/bathrooms: 6/4.5
Est. acreage: 0.55
Taxes: $29,000
Features: Grand-scale Tudor with two fireplaces, sweeping staircase, leaded glass, architectural detail, renovated baths, central air, and tri-level deck.
Listing provided by: Scott Cohen/Prudential Wykagyl/Rittenberg Realty/(914) 632-9100
 
     

 

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 Ossining

 

Median Sold Home Price: $510,000
The Pros: Great little bodegas where the prices are low and the ambiance authentic (you can imagine you’re on vacation in some Latino country); lots of little ethnic restaurants where the sangria flows and the flan is homemade; the Teatown Reservation for hiking and grooving on nature.
The Cons: Almost an hour commute to the city; much of the town is not close to any major highway; lack of parking downtown; no gourmet shops, upscale boutiques, or bookstores.

Ossining is diverse in every possible sense of the word. This northwestern town encompasses a bustling riverside village, suburban subdivisions, rolling countryside, and deep woods. Ethnically, according to the 2000 census, Ossining Village is approximately 60 percent white, 20 percent black, and 28 percent Hispanic (the numbers don’t add up to 100 because of rounding). The economic picture is no less diverse. Although long considered one of the county’s more affordable communities, Ossining includes day laborers huddled in crowded tenements, successful professionals in sprawling McMansions, and wealthy owners of grand estates. According to the Briarcliff Manor office of Houlihan Lawrence, housing sales prices for June 2005 through June 2006 ranged from $200,000 to $2.85 million in the Ossining school district.
All this diversity means that Ossining lacks a cohesive identity akin to a Scarsdale or Katonah. Think of Ossining and what comes to mind? Probably Sing Sing, the storied prison that residents barely even notice. Nestled among the surrounding towns of Briarcliff Manor, Croton, and Yorktown, Ossining is all but unknown to most outsiders. “I’ve heard Ossining referred to as ‘upstate New York,’” says David Fink, a real estate broker with Houlihan Lawrence’s Briarcliff Manor office. The town’s low profile might explain, at least in part, why Ossining hasn’t enjoyed the kind of popularity and explosive growth of other Westchester communities. That’s all about to change.
The past few years have brought improvements and boosted civic pride. A state-of-the-art library, built with green construction methods, is almost complete. An indoor/outdoor pool complex is under construction at 95 Broadway, and there’s talk of putting an arts center in the former Ossining Bank for Savings building on Main Street. A teahouse and a salon with spa services have set up shop on Main Street. A formerly vacant art deco bank, at the intersection of Croton Avenue and Route 9, now houses a banking business. A farmers’ market convenes every Saturday and Sunday in good weather. And Wobble Café, a restaurant noted as much for its family-friendly atmosphere as for its breakfast menu, is a welcome harbinger of all things wholesome and hip.
Other signs of civic health abound. The town’s electorate are passing school budgets—a good sign, real estate agents say, because it means that the town has both the resources and the political will to fund quality education. (The 2006 graduating class of Ossining High School produced four Harvard-bound students.)
But the big news in Ossining is the development of One Harbor Square. A joint venture between Cappelli Enterprises and Ginsburg Development Companies (GDC Homes), the mixed-use waterfront development is on the banks of the Hudson River. (The site is located at the convergence of the Hudson River, the Village’s downtown and Main Street, the Metro-North station, and the Ossining-Haverstraw ferry dock.) When complete, it will include 150 condominiums, 10,000 square feet of retail and restaurant space, a waterfront park, an esplanade, a fishing pier, a kayak launch, a public beach, and the preservation of the existing commuter ferry pier. (The ferry runs between Ossining and Haverstraw in Rockland.) The $78-million project, stretching along 4.5 acres of waterfront, is expected to have an impact far beyond its borders.
On a tour of the village, Fink points out various vacant storefronts and says, “I have clients who are looking for commercial and retail space in Ossining and I can’t get it for them. Everyone is holding onto property, waiting for Harbor Square to be built because they know rents and property values will be that much higher after it opens.”
According to Geoffrey Thompson, a Cappelli spokesperson, One Harbor Square won’t open until mid-2008. That leaves time to snap up some property.
What to buy? The choices—surprise—are diverse. Co-ops in low-rise apartment buildings can be had in the $200Ks. Within the village proper, there are modest homes in Crotonville, a small, historic neighborhood loosely bounded by Route 9 to the south, Quaker Bridge to the north, Glendale Road over to Cedar Lane to the east, and the Croton River to the west (its bounds include tiny slivers of Cortland and New Castle where they intersect with Ossining). Here, $350,000 will buy you a starter home. And there are condo developments, including a Ginsburg development, Mystic Pointe, at the intersection of Old Albany Post Road and Route 9, where many of the townhouses enjoy river views. Prices here range from $539,000 to $900,000. But if you’re looking for a big return on your investment, you might want to consider buying something with some acreage. One of Ossining’s big selling points is that homes often come with real land—a scarce commodity almost everywhere else in the county.
“Despite the fact that we’re less than an hour from New York City, there’s lots of land here without buildings on it,” Fink says. It’s possible to buy a home—even a new home in a subdivision—and not be cheek-by-jowl with your neighbor. As proof, we drive to The Estates at Fair Hills, a subdivision near Route 134, at the edge of Yorktown, where new homes sit on two-, four-, and even five-acre lots. The selling prices here are $1.25 to $1.6 million. I’m nonplussed (new construction doesn’t float my boat) until Fink observes, “If they were in Briarcliff, they’d be selling into the threes.” That’s as in “three million” dollars.
Briarcliff’s upscale gloss and the fame of its school system provide a study in contrasts with Ossining. Homeowners on one side of Scarborough Road, for example, send their kids to the Ossining schools while those on the other side send theirs to the Briarcliff schools. All the homes here are priced north of $700,000 (some are well into the millions), but you’ll pay a sizeable premium to be on the Briarcliff side. “There can be hundreds of thousands of dollars of difference in the sales price based on which side of the street you’re on,” says Mary Ann Tighe, Fink’s colleague at Houlihan Lawrence. Looking for charm? In the area surrounding Teatown Lake Reservation (a gorgeous preserve of wildflowers and hiking trails), you’ll find antique homes tucked deep in the woods. Prices here are all over the map with some homes going in the $600Ks and others for much, much more. There’s privacy, dirt roads, and such profound quiet that you can hear dragonflies on the wing. Here, the crack about “upstate New York” doesn’t seem that far-fetched.
“I was showing this area to a buyer who was moving up from Scarsdale,” Fink remarks. “She said this area reminded her of the Adirondacks.” Historic Sparta, just west of Route 9, is a historic hamlet within Ossining’s boundaries. Along streets with names like Revolutionary Road and Liberty, you’ll find homes dating back before the Revolutionary War, including Jug Tavern on Revolutionary Road, a starting point for walking tours of the area. With a changing riverfront, open space, improved civic amenities, and historic charm, realtors are predicting that Ossining has a bright future. We think the smart money is right behind them.

On the Market: Ossining


Neighborhood/location: Overlooking Hudson Hills Golf Course
Listing price: $1,323,000
Square feet: 4,200
Year built: 2001
Bedrooms/bathrooms: 4/3.5
Est. acreage: 1.22
Taxes: $22,113
Features: Mint condition home with all the fancy upgrades: stone fireplace, mahogany deck, gourmet kitchen with cherry, granite, and center island, master suite with walk-in closets and marble bath
Listing provided by: David Fink/Houlihan Lawrence/ (914) 262-8893

Neighborhood/location: New Castle (Ossining P.O. and schools)
Listing price: $690,000
Square feet: 2,600
Year built: 1966
Est. acreage: 0.97
Bedrooms/bathrooms: 4/2.5
Taxes: $15,977
Features: Open floor plan, master suite with walk-in closet and luxury bath, hardwood and stone floors, hot tub on patio
Listing provided by: David Fink/Houlihan Lawrence/ (914) 262-8893

Peekskill

Median Sold Home Price: $385,000
The Pros: Arts galore; diverse community; inexpensive historic homes; low taxes; Metro-North station; vibrant restaurant scene; Hudson River views.
The Cons: Far-north location means a long haul to the city; still shedding legacy as one of Westchester’s poorest cities with struggling industrial base.

This city has so much to offer that you might wonder why it isn’t already hot. There are seven different art galleries here, including the well-regarded Maxwell Fine Arts on Main Street, Avant-Garde Gallery on South Street, and Flat Iron Gallery on Division Street. There’s a vibrant restaurant scene, boasting hip and contemporary Division Street Grill, family-friendly Susan’s Restaurant, 51 Hudson Café (30 omelet varieties and a view of the Hudson), and Zephs’, where a typical entrée might be Vietnamese shrimp wrapped in a sweet-potato fritter. There are historic homes, a Metro-North station (it takes just under an hour to get to Grand Central), and Hudson River views. There’s a hip, bohemian vibe, a few cute shops for browsing (the Bruised Apple for used books and Side Effects for gifts and accessories), a coffee house-cum-gallery, and did I mention the Hudson River?
Right now, you can snap up single-family homes in Peekskill for as little as $250,000 and, if you can stretch all the way to $494,850, you can get a restored 2,600-square-foot Victorian with inlaid parquet floors, ornate moldings, and all the details that give charm freaks the vapors. In the Fort Hill neighborhood, which was recently declared a National Register Historic District (it runs along Nelson Avenue from Main Street to near the Bear Mountain Extension), there’s a 2,700-square-foot Victorian with stained glass, carved banisters, and an entry hall fireplace (it’s just one of the house’s three) and summer porches off two of the rooms. The house is on a quarter acre and, if I can come to terms with the “motivated seller” (asking price: $549,900—a little on the high side for this area where homes typically sell in the high-$400-to mid-$500-thousand range), it might be mine before this article sees the light of day.
The Mortgage Hill neighborhood (so named because the homes in this location once commanded a substantial bank loan), also called Riverview Park, runs along Maple Avenue, traveling east out of the city. Here, many of the large, stately homes from the early 1900s, ’20s, and ’30s enjoy beautiful river views. (Because Peekskill, like Yonkers, is built on steep hills, you don’t have to be down by the river to get wonderful views.) Homes here sell in the $500- to $600-thousand range.
Another historic area to watch in coming years: the Belden Street neighborhood. Currently a bit run down, the area boasts some of Peekskill’s oldest and quaintest homes. Because Belden Street borders a new Ginsburg development, The Abbey at Fort Hill, the area might soon experience a transformation. According to Joe Lippolis, co-owner of River Towns GMAC Real Estate in Peekskill, taxes in all these areas are low, thanks to the city’s industrial base. Lippolis’s colleague, Maryann Ottaviano, says the median tax on a single-family home is $7,500.
“We’re seeing a lot of first-time home buyers and families moving into Peekskill,” says Ottaviano. “Where else in Westchester can you buy a really nice home for under five-hundred thousand dollars? Most of the homes here are older—there’s not a lot of new construction—so while you might not get four bathrooms, you’ll definitely get ten-inch moldings.”
Even if you’re immune to the seductive power of pocket doors, buying in Peekskill makes a lot of sense. Peekskill voters recently approved a near $60 million bond that included $48.3 million for a new middle school, which is now under construction. And the city has worked hard to gain a reputation as a mecca for arts and culture. Resident artists, the high concentration of galleries, and strong cultural institutions like the Paramount Center for the Arts (a beautifully restored movie palace from the ’30s that now presents both live performances and art-house films) and the Hudson Valley Center for Contemporary Art, contribute to the vibrant scene. (The New York Times dubbed the Hudson Valley Center for Contemporary Art “the most dynamic contemporary art site in Westchester.”)
Upscale new construction and condo conversions provide more reasons for optimism: completed in 2005, Ginsburg Development Companies (GDC) converted Chapel Hill, a former girls’ boarding school on 100 acres between Peekskill and the Blue Mountain Reservation, into 72 semi-attached homes, 94 townhouses, and 28 lofts in the historic St. Germaine’s Building. Riverbend, another GDC development, put gracious townhouses with river views ($345,000 to $649,900) on the market. Overlooking the Hudson River off of Route 9, the planned 124 townhouses and 12 multilevel condos of The Abbey at Fort Hill, yet another GDC development, is a community designed around the historic Stone Abbey of St. Mary’s. Prices are estimated to start in the $500,000s.
“Chapel Hill marked a real turning point for the city,” says Peekskill spokesperson Tony Seideman. “Before Ginsburg took over the project [it had been started and subsequently abandoned by another developer], world-class developers weren’t interested in Peekskill. After Chapel Hill went up, a unit there sold for five-hundred thousand dollars and the value of the nearby houses went up dramatically. Then the value of the houses near them went up. And so the wave swept over the city.”
Still not seeing dollar signs? Two new projects might change your mind. In February of 2004, Peekskill asked GDC to come up with a comprehensive plan for the redevelopment and revitalization of the city’s waterfront. And Scenic Hudson, an environmental group, was brought in to ensure that the magnificent waterfront wasn’t put at risk. The result is a two-pronged development plan. Scenic Hudson is developing Peekskill Landing, a public green space with cultural attractions. West of the train tracks, GDC is putting residential units along Water Street, uniting its existing Riverbend development with West Main Street.
GDC’s portion of the project is east of the train tracks. It combines the now-familiar mix of residences (to be built along Water Street) with shopping, dining, and a connection to the waterfront park on Peekskill Landing. Looking west along Central Avenue, towards the Hudson River, an artist’s rendering shows a wide pedestrian plaza with gardens and plantings. Flanking the plaza, buildings with first-floor level shops, restaurants, and outdoor cafes set a lively scene for the residents of the upper-story lofts. At the western end, there’s a fountain with reflecting pools and the restored Lincoln Depot Museum celebrating Abraham Lincoln and Peekskill’s contribution to the Civil War. A stairway and footbridge leads across the rail tracks to the riverside park beyond.
In addition to the park, Scenic Hudson’s portion of the project, west of the train tracks, will feature Lent House, Peekskill’s oldest building. Built just after the Revolutionary War, the wooden house, now in a sad state of disrepair, is to be moved to the site and opened as a museum of the City’s early history. Another special feature of the park, a ferry pier, is designed to attract Hudson River cruise ships and ferries of tourists to Peekskill. Who knows? Maybe my house (and yours) will be on the tour.

On the Market: Peekskill

Neighborhood/location: Fort Hill Historic District
Listing price: $449,000
Square feet: 2,000
Year built: 1900
Bedrooms/baths: 3/3
Est. acreage: 0.09
Taxes: $9,760
Features: Entry with fireplace, dining room, 700 square feet of finished storage
Listing provided by: Maryann Ottaviano/River Towns Realty/GMAC R.E./ (914) 739-2667

Neighborhood/location: Fort Hill Historic District
Listing price: $549,900
Square feet: 2,700
Year built: 1890
Bedrooms/bathrooms: 4/2.5
Est. acreage: 0.24
Taxes: $9,844
Features: Victorian details including 3 fireplaces, stained glass, and pocket doors
Listing provided by: Maryann Ottaviano/River Towns Realty/GMAC R.E.(914) 739-2667

Port Chester

Median Sold Home Price: $535,000
The Pros: Waterfront location; historic downtown; diversity; one of Westchester’s best ethnic restaurant scenes; Metro-North station; surrounded by wealthy suburbs, like Greenwich, Connecticut.
The Cons: Development is lagging and what little there is, is controversial; one of Westchester’s poorest villages with a median household income of $44,139 (compared to a countywide median of $61,835).

Port Chester is definitely a “buy and hold” town with a high risk/reward potential. There’s a vibrant restaurant scene here that’s nearly as diverse as the local population: Alba’s Restaurante serves up Northern Italian cuisine, while Café Mirage offers an eclectic mix of French, Caribbean, and Asian; Ebb Tide Seafood & Lobster Shack, located on the waterfront, serves lobster rolls, F.I.S.H. serves (what else?) Mediterranean seafood, and Pacifico offers Nuevo Latino. But that’s just a nibble. Like Brazilian? Port Chester has it. How about Peruvian? Mexican? Japanese? Authentic barbeque? Prime steakhouse? Port Chester has those, too.
Boasting a thriving Restaurant Row, along with a piece of precious waterfront, Port Chester is already a dining destination for residents from wealthier surrounding towns. From a real estate investor’s standpoint, this is not an insignificant fact.
“The usual progression is restaurants come in first, then they’re followed by stores, which are in turn followed by condos,” says J.P. Endres, president of the Westchester County Board of Realtors and a realtor with David Endres Realty Group LTD, Scarsdale. Unfortunately, Port Chester seems to be stuck at first base.
“Downtown needs real revitalization before real estate can take off,” Endres explains. “Intelligent development is needed to anchor more growth.” And while there has been limited development here recently, residents and critics are divided as to whether it’s a step in the right direction or freshly minted urban blight. The Waterfront at Port Chester, for example, a new complex of big-box stores, a movie theater, and restaurants, opened to decidedly mixed reviews. While some applaud the development, others say it blocks the waterfront and deride it for its hulking presence and unwelcoming, nearly windowless architecture.
Elsewhere, there’s better news. A somewhat tidier Main Street and the Lifesaver Building, a condo/loft conversion of the former candy-making facility, where even one-bedrooms sell into the $300,000s, are undeniable signs of life. Moreover, these signs of life are, quite possibly, the first intimation of something huge. As anyone who has been to Manhattan’s Meatpacking District or Connecticut’s SoNo (South Norwalk, for you non-scenesters) will attest, where there are lofts, historic buildings, and restaurants, there’s hipster potential. Adjust those binoculars to take the long view, and it’s easy to envision a pedestrian-friendly district of boutiques, cafes, upscale lounges, and, of course, the requisite loft residences.
“Port Chester definitely has sex appeal,” says Greg Rand, managing partner of Prudential-Rand Realty in White Plains. “And I’m predicting that Port Chester’s rebirth will be in the form of conversions, not new development.” Rand says he knows of two conversions already in the works.

On the Market: Port Chester

Neighborhood/location: Port Chester Village
Listing price: $329,500
Square feet: 850
Bedrooms/bathrooms: 1 (loft bedroom)/1
Year built: 1900 (former Lifesavers building converted to condos in 1988)
Monthly common charges: $270
Taxes: $3,505
Listing provided by:
Features: SoHo style loft with doorman, gym, laundry room, sauna and pool. Listing provided by: Frank Pagnani/HarborView Properties/(914) 834-8200

Neighborhood/location: Port Chester Village
Listing price: $495,000
Square feet: 1,852
Year built: 1915
Bedrooms/bathrooms: 2/1.5
Est. acreage: 0.12
Taxes: $8,563
Features: Fenced yard, mint condition parquet floors
Listing provided by: Ann Peck/Zinsner Real Estate/(914) 939-4336

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