News in Detail

Edge-on-Hudson Filling Out Nicely

The view south from Kingsland Point in a rendering of Edge-on-Hudson when it is complete

Stone by stone, build­ing by build­ing, the broad swath of Hud­son river­front land that was once a GM as­sem­bly plant is fill­ing out as a 1,177-unit vil­lage within the Vil­lage of Sleepy Hol­low. The 41 Toll Broth­ers’ Loft Con­do­mini­ums and 92 Brown­stones-at-Edge-on-Hud­son have sold out. While there is a cer­tain de­gree of turnover among the 246 rental units at North­light and 188 units at Emer­son, Edge-on-Hud­son man­agers say both prop­er­ties “are con­sis­tently leas­ing at full ca­pac­ity.”

Reg­u­lar run­ners and strollers on the River­Walk have watched over the past year as the im­pos­ing Day­mark, with its 100 lux­ury con­dos, re­plete with pools, hot tubs, BBQ pits, com­mu­nal res­i­dent lounges and play­rooms, has risen up on the river’s edge. The Edge com­plex will in­clude a 140-room bou­tique ho­tel; 135,000 square feet of re­tail space and 35,000 square feet of of­fice space, in ad­di­tion to more than 16 acres of new park­land. On one side of the build­ing is the Hud­son River; on the other, a brand new De­Ci­cco & Sons state-of-the-art su­per­mar­ket with a bar and out­door pa­tio on its sec­ond floor.

The Day­mark’s first oc­cu­pancy will be in Sep­tem­ber, but go­ing into the sum­mer, 75% of the units had al­ready been sold. Prices of Day­mark units re­flect their river­front lo­ca­tion: The de­vel­op­ers are ask­ing $1,510,000 for two-bed­room apart­ment with a ter­race. A three-bed­room unit with a den and an ex­te­rior “log­gia” is fetch­ing nearly $4 mil­lion.

A living room based on the Hendricks model floor plan for One Kingsland

The lat­est ground­break­ing in the com­plex has be­gun along the north­ern edge of the Edge, where 90 four-story town­homes, branded as One Kings­land, will bor­der the 16-acre park that is it­self just across the creek from the ex­ist­ing Kings­land Point Park. The more ex­pen­sive (need­less to say) units will have a broader foot­print and views of the Hud­son. All the units are de­scribed as “el­e­va­tor-ready.”

All own­ers at One Kings­land will have ac­cess to a 2,400 sq. ft. pri­vate club­house, lap pool and gym. Their town­homes, de­pend­ing on lo­ca­tion, will of­fer three-to-four-thou­sand sq. ft. of liv­ing space with in­ter­nal two-car garages. De­pend­ing on the model, they are priced from $1.5 mil­lion to $2.8 mil­lion, with a pre­mium on prop­er­ties fac­ing the river. Even be­fore the sid­ing has gone up, ob­served Pe­ter Chavkin, Man­ag­ing Part­ner – De­vel­op­ment for Sun Homes, 20 units have sold.

The lap pool and club house for One Kingsland townhome owners

In ad­di­tion to the pur­chase price, home­own­ers will have home­owner as­so­ci­a­tion fees rang­ing from $760 to $810-a-month as well as an­nual prop­erty taxes pro­jected to be 1.66% of sales value. That rate is a hy­brid of Town of Mt. Pleas­ant tax rates and Vil­lage of Sleepy Hol­low rates ne­go­ti­ated in ad­vance. It com­pares fa­vor­ably with sin­gle fam­ily home taxes in neigh­bor­ing vil­lages, al­beit based at a higher price point.

Just who is buy­ing? So far, says Chavkin, it’s a three-legged stool, with empty nesters com­pris­ing the largest group—in part be­cause these were the po­ten­tial buy­ers taken from a VIP “in­ter­est list.” The sec­ond group would be young fam­i­lies with chil­dren, though at these prices, the fam­i­lies that buy are likely to be above av­er­age af­flu­ence. The third leg of the stool is com­prised of sci­en­tists—a re­flec­tion of Re­gen­eron Phar­ma­ceu­ti­cals’ sig­nif­i­cant ex­pan­sion that is pro­jected to cre­ate a thou­sand new jobs at its Sleepy Hol­low/​Tar­ry­town cam­pus.

DeCicco’s state of the art supermarket, across the street from the Daymark