Real Estate: The Heathcote Applies for Conversion to Condos

What’s happening at The Heathcote, the 14-unit apartment building on the site of the original Heathcote Tavern at the Five Corners? The developers originally offered the units as co-ops but were unable to sell them. They changed course and rented the luxury apartments and the completed units are now all rented at rates ranging from $6,000 to $14,000 per month.

According to Dawn Knief of Compass Real Estate, the developers have applied to convert from coop to condo. If approved the taxes will not change unless the Village enacts the Homestead Act. Knief added, “Each unit comes with two parking spaces and a storage unit. There is a small gym in the building and of course, 24/7 concierge.” 

The corner building is under construction with three units. The exterior of the building, which once housed the Heathcote Tavern, was maintained for historical preservation. These three apartments will be available for preview in January or February and for rental thereafter. Only one or two year leases will be offered since the developers expect to be approved for condo status within a year and then will seek to sell the apartments again.

See photos and details at TheHeathcote.net.

Sales
91 Garden Road
Set on a level and landscaped 1 acre in the Estate area of Greenacres with pool, this fully renovated custom Colonial is designed for easy living and entertaining. Well-appointed with fine architectural details including tall ceilings and windows, wide crown moldings, hardwood floors, and custom millwork. Sun-lit spaces feature a wide entry that is open to a formal living room, dining room with fireplace and Butler’s pantry, Chef's Eat-In-Kitchen with top appliances including two dishwashers, cooktop, and double ovens, center island with French doors to a bluestone patio and yard. The kitchen flows into a spacious Family Room with a fireplace. A library with fireplace, powder room, laundry, mudroom and pool bathroom complete the 1st floor. The 2nd-floor master has a separate sitting room/office and spa bathroom. There are 3 Family bedrooms each with an en suite bath, and a separate guest bedroom with a living area and full bath. The lower level features a 2nd Family Room, Exercise Room, and storage. Includes a full house generator.

Sale Price: $3,400,000
Assessed Value: $2,875,000
Real Estate Taxes: $70,880

1 Stonewall Lane
Fabulous layout and design at this incredibly bright new home with a modern aesthetic and oversized windows throughout. Set on a level, nearly 1/2 acre lot with mature trees and extensive landscaping, the first level features an impressive double-height entry foyer and 10-foot ceilings, formal living and dining rooms, open-plan kitchen/family room with gas fireplace, sliders to the yard, walk-in pantry, mudroom, powder room, and 2-car garage. The second level boasts 9-foot ceilings, a luxurious master bedroom with tray ceiling, adjacent master sitting room with cathedral ceiling, gorgeous master bath with soaking tub, rain shower, double vanity and private toilet area, 3 additional bedrooms, all with ensuite baths, and laundry. The lower level boasts 9-foot ceilings, a large recreation space, bedroom, and full bath.

Sale Price: $2,300,000
Assessed Value: $2,494,000
Real Estate Taxes: $59,041

23 Cooper Road
Wonderful modern home located on one of Scarsdale's most sought after streets. Enjoy complete privacy in a setting spanning over an acre of lush professionally landscaped grounds. This Contemporary residence features a spacious formal living room with a fireplace and two exposures, a large formal dining room with french doors to the deck and yard, and a large family room with built-ins and doors to the large deck that spans the rear of the property. The large modern eat-in kitchen with island and stainless appliances is complete with a generous desk area, large walk-in pantry and stunning vaulted breakfast room with french doors to the deck and yard. Five generous bedrooms offer ideal space for comfortable and luxurious living.

Sale Price: $1,575,000
Assessed Value: $2,500,000
Real Estate Taxes: $61,952

9 Fairview Road
Great value in the highly acclaimed Scarsdale School District, this Cape Colonial offers four-bedrooms and two full baths plus a two-car garage. The first level features a formal living room with wood-burning fireplace leading to a covered porch, a formal dining room, an eat-in kitchen, and two spacious bedrooms plus a full bath. The second level boasts two additional large bedrooms, a hall bath, and ample attic storage closets. The rear yard is private and the lower level contains utilities, storage, laundry and a multi-purpose room which could be used as a gym or play area plus access to the two-car garage.

Sale Price: $725,000
Assessed Value: $900,000
Real Estate Taxes: $22,357

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