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Whether buying or selling real estate YOU are our #1 Priority! For unsurpassed service please call: Sandy 914-589-4806 or Terra 914-671-5755
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Sandy Constabile and Terra
Corning are some of The Top Selling Real Estate Experts™
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|  | | | Paine Cottage, New Rochelle | |
THE CITY OF NEW ROCHELLE New Rochelle was settled by French Huguenots in the 1680s. They named the city after the French port city of La Rochelle. The city was incorporated in 1899. The present population is around 73,000. The shoreline, with its many irregularities and off shore islands, measures 9.3 miles. New Rochelle is known for its many big homes with lush lawns but new development includes many condominiums and rental apartment buildings in the downtown area. There are two hotels in the Main Street area as well as a multiplex theatre with an IMAX theatre. Many new restaurants and small food stores cater to a wide variety of shoppers and residents.
The city is known for it's short commute to Manhattan, not as long as it was when the song "Only Forty Five Minutes from Broadway" was written. The new city garage and transit center was recently completed. Many Amtrak trains stop here on their way to Boston, Washington, and the eastern seaboard. Many famous performers call and have called New Rochelle home because of it's proximity to the city and the quality of its beautiful neighborhoods throughout the city's 10.7 square miles.
The city has a new website at www.newrochelleny.com. It's library information can be accessed at www.nrpl.org. The city is home to three colleges, Iona College on North Avenue, the College of New Rochelle located in a neighborhood close to Long Island Sound, and Monroe College located on Main Street.  |  | | | | |
Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
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| Q |
What home is the best example of colonial architecture in homes designed to "grow" as the family grew?
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| A |
The House of the Seven Gables in Salem, MA, that was the model for Nathaniel Hawthorne's novel of the same name. |
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- NUMBER1EXPERTS™ 
