Nanuet Mall Update

So: What’s happening with the Nanuet Mall?

Last I heard, the are applying for permits, building an upscale outdoor mall with high end tenants but at this writing not saying who. They have barricaded the indoor space between Macys and Sears, therefore, the only entrance to these stores is from the OUTSIDE. The inside entrances are sealed off forever.

Estimated time for completion is 2.55 or 3 years….

If you know anything, please comment. We’d love any news.

The Nanuet Mall

Well, I’ve been reading lately that there are plans to revitalize The Nanuet Mall.  I must confess I was hoping that they would combine housing with some really nice restaurants and stores.  When you’re a realtor you hear constantly about the lack of affordable housing for the baby boomers.  Boomers want to be able to walk to shops/stores,etc.  But it’s not just the boomers who are attracted to that lifestyle.  Today’s younger generation wants to walk to starbucks, the gym, restaurants and stores too. 

Also, boomers are moving out in droves to The Carolinas, Florida, Arizona and points South and West.  It’s a mystery to me why so many states are able to provide adequately for their residents and keep their tax base considerably lower than lower New York.  Actually it’s not really a mystery, but this is not the venue for politics.

So we watch and wait to see what will happen with The Nanuet Mall. Scheduled opening for the rebuild (not reno) is 2014.

Rockland County Real Estate 2009 Have we finally hit bottom

Take a look at what Tony Balletta, a trusted Rockland County Appraiser has to say. Click on the
image below.

Click Here to Read the entire article by Tony Belletta

HomeBuyer Tax Credit – Extended and Expanded

Updated: November 19, 2009 – Summary (with full details below)

Here is the latest:  Effective Nov. 6, 2009 the changes to the home buyers tax credit program include the following:

Homes have to be purchased between November 6, 2009 and June 30, 2010
(in full contract by April 30).

Closing documentation now required.

Existing home owners are now eligible if they have owned a principal residence for 5 consecutive years out of the 8 years preceeding the purchase of a new home.

Income limits have been raised.

FULL DETAILS BELOW [Read more...]