Preview
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170 RECEIVED NYSCEF: 10/01/2018
EXHIBIT 10A
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
Keyword, MLS, Address
RESOURCES
The Stoltz Report
The Stoltz Report 2016
Luxury Market Report
Buyer Handbook
Seller Handbook next
Area Resources
THE STOLTZREPORT
Bronxville Area Real Estate
2016 Annual Summary
NTERPRETING
THE
MARKET
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
prev next
SHEILA STOLTZ
2016 ANNUAL SUMMARY AND OUTLOOK
Dear Neighbor,
The Bronxville area real estate markets continue to perform well. This is welcome news, espe
that we are in the later stages of the real estate recovery. Sales volume in the area continue
below the 2012-2014high volume years, but pricing is generally higher than in 2015 and rema
historic levels. The Bronxville real estate market outperforms other area markets given its c
Manhattan, lack of available land for new construction, and its acclaimed public school Due t
the current market, I predict we will have an early selling seasonasbuyers and sellers want to
and take advantageof the attractive real estate conditions.
Every year brings new market opportunities and challenges. Below are some of my though
consider for 2017:
• The 2016 Presidential election should have a meaningful impact on our real estate marke
remain low, the stock market is at an all-time high and financial stocks have rallied considera
changesin the regulatory environment benefit those who work in the financial services secto
expand the number of buyers interested in Bronxville.
• For the past couple of years we have experienced lower real estate salevolumes but strong pr
we can continue to hold pricing levels and increase salesvolume in 2017 but, as home price
certain buyers to more affordable markets in the New York area.
• We are experiencing a rebalancing in what buyers are willing to pay for certain types of reside
apeak pricing year, Bronxville Village co-ops have experienced an averageper square foot p
20%, town homes 11.5%,and single-family homes a S%increase. In the past decade,buyers ha
pay more for smaller homeswith lessmaintenance. It will be interesting to watch the spread
among the apartments, town homes, and single-family homes.
• Bronxville is seeing increased supply of houses for salein the high-end due to demographics
lifestyle trends. In addition, the high-end condominium development called Villa BXV, comin
nest" homeowners'
2018, is accelerating "empty selling decisions. We have had a relatively
market in 2016. Hopefully, with the stock market at an all-time high and low interest rates we
have healthy demand in this segment.
I hope you find the following information and analysis helpful.
Sincerely,
Sheila Morrissey Stoltz
Licensed Real Estate Associate Broker
914.S10.6220
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
Stoltz Report
NYSCEF:
2016
10/01/2018
Bronxville Area 2016 A
BRONXVILLE VILLAGE SINGLE FAMILY HOMES
Bronxville Village single-family home sale pricing was very strong in 2016, continuing the
that we've been seeing since 2009. The median home sale price was $2,605,000 as compare
in 2015, and the averageprice per square foot was $670 as compared to $685 in 2015. In 201
which is below the peak volume year Of 61homes sold in 2012 but more in line with the 10-y
homes sold annually. Approximately 40% of all homes in the Village sold between $2,500,
in 2016. The highest price paid for a home in 2016 was $5,200,000 and the lowest price paid
Current and anticipated inventory is weighted towards the high-end with very little inventor
below $2,000,000. The strength in pricing is encouraging as we head into 2017. I do anticip
new inventory coming on the market in the first quarter.
Bronxville Village Single Family Homes - 10-Year Price and Volume H
$3,000,000
1
$2,500,000 9 8
39
$1,000,000
$500,000
$0 +
2007 2008 2009 2010 2011 2012 2013 2014 2015
Bronxville Village Single Family Homes - Summary Statistics
% Change Average % Change Pr
Median vs 2006* P/SF vs 2006* High
2016 $2,605,000 32.2% $670 8.9% $5,200,000
2015 $2,455,000 24.6% $685 11.4% $8,500,000
2014 $2,190,000 11.2% $621 1.0% $5,233,000
2013 $2,009,500 2.0% $630 2.4% $7,000,000
2012 $1,975,000 0.3% $562 -8.6% $7,150,000
2011 $2,100,000 6.6% $554 -9.9% $5,150,000
2010 $1,900,000 -3.6% $563 -8.5% $5,350,000
2009 $2,150,000 9.1% $571 -7.2% $5,000,000
2008 $2,020,000 2.5% $627 2.0% $4,150,000
2007 $2,300,000 16.8% $650 5.7% $6,650,000
*Representsthe changein pricefrom 2006,apeakpricingyear.
Bronxville Village - Unit Sales By Price Category (1/1 - 12/31)
Price Range 2016 2015 2014 2013 2012 2011 2010 2009
Up to $1,000,000 0% 2% 3% 2% 7% 8% 5% 5%
$1,000,000-$1,499,000 7% 0% 7% 17% 23% 15% 24% 14%
$1,500,000-$1,999,999 14% 24% 31% 27% 23% 18% 29% 29%
$2,000,000-$2,499,999 24% 27% 33% 40% 20% 33% 15% 14%
$2,500,000-$2,999,999 24% 27% 17% 7% 15% 15% 7% 19%
$3,000,000-$4,999,999 29% 13% 7% 5% 10% 8% 19% 14%
$5,000,000 and up 2% 7% 2% 3% 3% 3% 2% 5%
Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100%
Total Units Sold 42 45 58 60 61 39 59 21
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
SHERA STOLTZ
BRONXVILLE VlLLAGE TOWN HOMES
Bronxville Village is unique in that it has a prominent town home market consisting of ap
town homes. Bronxville Village town home saleswere stable in 2016 after several years of
The median town home sale price was $1,056,500 as compared to $999,000 in 2015, and t
per square foot was $620 in 2016 as compared to $619 in 2015. Approximately 44% of all tow
between $700,000 and $1,000,000 in 2016, and 50% sold between $1,000,000 and $1,500,0
price paid in 2016was $1,504,000, and the lowest price paid was $815,000, Town homes conti
above the historic average and much closer to single- family pricing on a per square foot ba
offer an "urban feel" attractive Bronxville Village entry price point, and lower taxes in comp
family homes.
Bronxville Village Town Homes - 10-Year Price and Volume History
$1,400,000
$1,200,000
$1,000,000
6
.2 $soo,ooo
$600,000
¬g $400,000
$200,000
$o
2007 2008 2009 2010 2011 2012 2013 2014 2015
Bronxville Village Town Homes - Summary Statistics
% Change Average % Change Pr
Median vs 2006* P/SF vs 2006* High
2016 $1,056,000 15.1% $620 19.0% $1,504,000
2015 $999,000 8.9% $619 18.8% $2,760,000
2014 $1,147,500 25.1% $627 20.3% $1,590,000
2013 $939,000 2.3% $545 4.6% $1,375,000
2012 $895,000 -2.5% $478 -8.3% $1,200,000
2011 $922,500 0.5% $469 -10.0% $1,200,000
2010 $874,000 -4.7% $467 -10.4% $1,300,000
2009 $998,620 8.8% $479 -8.1% $2,000,000
2008 $935,000 1.9% $511 -1.9% $1,150,000
2007 $960,000 4.6% $556 6.7% $1,421,000
*Represents
thechangein pricefrom 2006,apeakpricing year.
Bronxville Village Town Homes - Unit Sales By Price Category (1/1- 12/
Price Range 2016 2015 2014 2013 2012 2011 2010 2009
Up to $499,999 0% 0% 0% 0% 0% 0% 14% 0%
$500,000 - $699,000 0% 0% 0% 0% 10% 25% 6% 0%
$700,000-$999,000 44% 53% 23% 70% 80% 50% 63% 57%
$1,000,000-$1,499,999 50% 35% 73% 30% 5% 25% 25% 29%
$1,500,000-$1,999,999 6% 6% 5% 0% 0% 0% 0% 14%
$2.000,000 and higher 0% 6% O% 0% O% 0% 0% 0%
Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100%
Total Units Sold 16 17 22 23 20 8 16 7
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
Bronxville Area 2016 A
BRONXVlLLE VILLAGE CO-OPERATIVE APARTMENTS
Bronxville Village has a large apartment market including approximately 1,200 apartment
of which are co-operative apartments. The median price point for apartments increased to
as compared to $542,350 in 2015. The average price per square foot increased to $485 as c
in 2015. Unit salesvolume peaked in 2005 with 64 unit sales, and since 2011unit volume ha
45 units per year. In 2016, 38 apartments sold. The highest price paid in 2016 was $1,304,00
price paid was $154,000. The apartment market attracts newcomers to Bronxville who are
apartment lifestyle and the affordable entry point. The apartments also are attractive to th
downsizing from larger homes but who wish to remain in Bronxville Village.
Bronxville Village Co-operative Market - 10-Year Price and Volume Histo
$600,000 --
$500,000- 46
2 $400,000
6
$300,000
$200,000
$100,000--
$0
2007 2008 2009 2010 2011 2012 2013 2014 2015
Bronxville Village Co-ops - Summary Statistics
% Change Average % Change Pr
Median vs 2006* P/SF vs 2006* High
2016 $527,500 50.7% $485 25.0% $1,304,000
2015 $542,350 55.0% $441 13.7% $1,100,000
2014 $400,000 14.3% $395 1.8% $1,400,000
2013 $458,500 31.0% $385 -0.8% $1,417,500
2012 $445,000 27.1% $357 -8.0% $1,450,000
2011 $457,500 30.7% $355 -8.5% $1,500,000
2010 $330,000 -5.7% $352 -9.3% $1,375,000
2009 $445,388 27.3% $373 -3.9% $895,000
2008 $370,000 5.7% $391 0.8% $925,000
2007 $375,000 7.1% $404 4.1% $1,995,000
*Represents
the changein pricefrom 2006,apeakpricingyear.
Bronxville Village Co-ops - Unit Sales By Price Category (1/1- 12/31)
Price Range 2016 2015 2014 2013 2012 2011 2010 2009
Up to $299,000 18% 14% 35% 28% 25% 28% 39% 26%
$300,000-$399,999 13% 23% 15% 17% 18% 17% 20% 22%
$400,000-8499,999 16% 5% 9% 13% 14% 14% 10% 17%
$500,000-8599,999 8% 23% 7% 15% 11% 14% 15% 13%
$600,000-8799,999 24% 14% 15% 15% 27% 17% 12% 13%
$800,000-8999,999 11% 18% 9% 4% 2% 6% 0% 9%
$1,000,000-$1,999,999 11% 5% 11% 9% 2% 6% 5% 0%
Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100%
Total Units Sold 38 44 46 54 44 36 41 23
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
SHEIIA STOLTZ
BRONXVlLLE P.O./YONKERS
Bronxville P.O./Yonkers had a very good year in 2016 after experiencing a healthy 2015 and 2
home sale price remained stable at$808,500 as compared to $801,750 in 2015. The average
foot in 2016 was $330 showing an increase from $306 in 2015. Sales volume dipped to 5
compared to 58 home sales in 2015 but was above the 10-year average of 44 home sales. In
homes sold in the $700,000-$999,000 range, and 28% sold above $1,000,000. The highest
home in 2016was $1,925,000 and the lowest price paid was $420,000.
Bronxville P.O./Yonkers Single Family Homes - 10-Year Price and Volume H
$900,000
$600,000.
7
$450,000
33
$500,000 6
$150,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
Bronxville P.O./Yonkers - Summary Statistics
% Change Average % Change Pr
Median vs 2006* P/SF vs 2006* High
2016 $808,000 0.4% $330 -1.8% $1,925,000
2015 $801,750 -0.4% $306 -8.9% $3,863,000
2014 $805,000 0.0% $337 0.3% $2,301,000
2013 $729,000 -9.4% $316 -6.0% $2,650,000
2012 $722,500 -10.2% $313 -6.8% $2,550,000
2011 $705,000 -12.4% $310 -7.7% $3,475,000
2010 $716,000 -11.1% $321 -4.5% $1,795,000
2009 $725,000 -9.9% $318 -5.4% $3,150,000
2008 $716,250 -11.0% $353 5.1% $1,350,000
2007 $772,500 -4.0% $352 4.8% $3,125,000
*Represents
thechangein pricefrom 2006apeakpricingyear.
Bronxville P.O./Yonkers - Unit Sales By Price Category (1/1 - 12/31)
Price Range 2016 2015 2014 2013 2012 2011 2010 2009
Up to $499,999 6% 12% 13% 24% 14% 24% 15% 27%
$500,000.- $699,000 26% 22% 17% 25% 35% 24% 30% 23%
$700,000-$999,000 41% 43% 44% 27% 27% 21% 42% 33%
$1,000,000-$1,499,999 17% 17% 22% 16% 22% 21% 6% 10%
$1,500,000-$1,999,999 11% 2% 2% 4% 0% 0% 6% 3%
$2,000,000 and higher 0% 3% 2% 4% 3% 9% 0% 3%
Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100%
Total Units Sold 54 58 63 55 37 33 33 30
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
Bronxville Area 2016 A
BRONXVlLLE P.O./TUCKAHOE
The Bronxville P.O./Tuckahoe market experienced a stable year in 2016 after a strong ye
median price in 2016 was $710,000 as compared to $847,500 in 2015. The average price per
$332 in 2016, the same as in 2015.The highest price paid in 2016was $1,880,000 and the lowe
$399,999. This area remains below the peak pricing experienced in the 2005-2007 time perio
volume and stronger pricing combined with the very manageable inventory should continue to
market. In 2016, 66% of the homes sold between $500,000-$1,000,000, and 33% of the hom
than $1,000,000. This market remains stable and is improving slowly.
Bronxville P.O./Tuckahoe Single Family Homes - 10-Year Price and Volume H
$1,200,000
$1,000,000
$800,000
$600,000
c 14
$400,000
$200,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
Bronxville P.O./Tuckahoe - Summary Statistics
% Change Average % Change Pr
Median vs 2006* P/SF vs 2006* High
2016 $710,000 3.6% $331 -7.5% $1,880,000
2015 $847,500 23.7% $332 -7.3% $1,640,000
2014 $680,000 -0.7% $327 -8.7% $1,745,000
2013 $686,250 0.2% $303 -15.4% $1,610,000
2012 $780,000 13.9% $312 -12.8% $1,075,000
2011 $670,000 -2.2% $312 -12.8% $1,600,000
2010 $665,000 -2.9% $315 -12.0% $2,100,000
2009 $641,250 -6.4% $301 -16.0% $2,200,000
2008 $1,105,000 61.3% $383 7.0% $2,350,000
2007 $1,030,000 50.4% $383 7.0% $2,980,000
*Represents
the changein pricefrom 2006,apeakpricingyear.
Bronxville P.O./Tuckahoe - Unit Sales By Price Category (1/1 - 12/31)
Price Range 2016 2015 2014 2013 2012 2011 2010 2009
Up to $499,999 11% 0% 8% 8% 21% 7% 14% 6%
$500,000.-$699,000 37% 38% 46% 42% 29% 43% 50% 50%
$700,000-$999,000 19% 31% 25% 25% 43% 14% 14% 28%
$1,000,000-$1,499,999 19% 15% 8% 21% 7% 29% 7% 11%
$1,500,000-$1,999,999 15% 15% 13% 4% 0% 7% 7% 0%
$2,000,000 and higher 0% 0% 0% 0% 0% 0% 7% 6%
Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100%
Total Units Sold 27 26 24 24 14 14 14 18
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
SHEILA STOLTZ
BRONXVILLE 10708
Summary
Pristine and picture-perfect, the
. , . • village of Bronxville and the su
• ' including Cedar Knolls, Lawrence P
Bronxville P.O./Tuckahoe area all s
proximity to Manhattan (15 miles t
g . . ( h in their enduring character. Bronxvi
. English-style town with primarily
homes, many designed by renow
pre-war and contemporary tow
condominium and cooperative apar
The heart of the Village-its school, t
shopping district, and train station-is
distance from all of the neighborhoo
History
The area was deeded to British colonists in 1666, and the earliest settlers arrived in the first
century. During the latter part of the 19th century and early part of the 20th century, Bronxville
artists' colony.In fact
many ofthese artists'homes exist today: the charming Hilltop, withits win
streets, is listed on the National Register of Historic Places.Bronxville is filled with lush gree
trees, classically beautiful homes, and a small town community spirit that offers a much soug
life. Close knit neighborhoods have always been the hallmark of Bronxville's history. Today, B
has approximately 6,500 residents living in 980 homes, 240 town homes and almost l,200 apart
Education
The Bronxville School system consistently ranks among the top schools for its size in the co
are very proud of their commitment to and the successof the public education in Bronxvil
areas offer a multitude of other award winning public, private, parochial and nursery scho
families to choose the best educational plan for each of their children.
Culture and Recreation
Only 15 miles from Midtown Manhattan, our Village is a short train ride from all that New
offer. In addition, Bronxville offers awealth of cultural experiences within and around its bor
is home to both Sarah Lawrence College and Concordia College, institutions which enrich
on many levels. Bronxville is also proud of its award winning public library, numerous art
outdoor farmers market, and summer band concerts. For exercise and recreation, Bronxville
miles of cycling and walking paths around the Bronx River along with public tennis and p
addition, there are several private club options within the Village itself; and Lake Isle in near
open to allVillage residents-offers golf, tennis and swimming too.
A SUBURB THAT IS
ENDLESSLY COPIED
BUT NEVER MATCHED
- Kenneth Jackson
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The Stoltz
RECEIVED
Report
NYSCEF:
2016
10/01/2018
Bronxville Area 2016 A
BRONXVILLE 10708
Bronxville is 15miles north of NewYork City and a 29-minute commute to Grand Central Station
Nearby parkways provide easy accessby car to the city and Westchester, LaGuardia and Ke
No other community offers such a desirable location to New York City and major transportati
Distance P. rzille To (By Car): Distance From Manahattan To (b
Midtown Manhattan 34 min. Bronxville 29
GeorgeWashington Bridge 19 min. Irvington 4
JFK Airport 38 min. Chappaqua 53
Newark Airport 43 min. Rye 45
Westchester Airport 24 min. Greenwich 49
LaGuardia Airport 32 min. New Canaan 7
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FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018
NYSCEF DOC. NO. 170
9/12/2018 The
RECEIVED
StoltzReport
NYSCEF:
2016
10/01/2018
SHEIIA STOLTZ
BRONXVILLE AREA SCHOOLS
The Bronxville School system consistently ranks amongthe top forits sizein the country, and re
of their commitment to public education. An elementary, middle and high school, each run by
are located on a single campus in the center of the Village. Established in 1922, the school pr
traditional and progressive education, tailored to meet student needs. Its academic, arts and
are outstanding. Graduates consistently receive acceptance to the most selective colleges an
the nation. Surrounding areas offer a multitude of other award winning public, private, paroc
schools which enable families to choose the best educational plan for each of their children.
Bronxville Schools - Im nortant Facts
K-5 780 Rank in County (by Avg. SAT Score)
6-8 430 Tuitioning In Call Sch
9-12 488 School Budget (2015) $46 m
Total 1,698 Gross Student Expenditure $30,2
Senior Class 132 Average SAT Score 1
Avg. Class Size 21
For dé Wkd infr a on all Westchester schools and school rankings plea
go to http://www.westchestermagazine.com/Westchester-Magazine/School-charts/
Useful School Phone Numbers
Bronxville Publi
Preview
FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 RECEIVED NYSCEF: 10/01/2018 EXHIBIT 10A FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 Keyword, MLS, Address RESOURCES The Stoltz Report The Stoltz Report 2016 Luxury Market Report Buyer Handbook Seller Handbook next Area Resources THE STOLTZREPORT Bronxville Area Real Estate 2016 Annual Summary NTERPRETING THE MARKET FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 prev next SHEILA STOLTZ 2016 ANNUAL SUMMARY AND OUTLOOK Dear Neighbor, The Bronxville area real estate markets continue to perform well. This is welcome news, espe that we are in the later stages of the real estate recovery. Sales volume in the area continue below the 2012-2014high volume years, but pricing is generally higher than in 2015 and rema historic levels. The Bronxville real estate market outperforms other area markets given its c Manhattan, lack of available land for new construction, and its acclaimed public school Due t the current market, I predict we will have an early selling seasonasbuyers and sellers want to and take advantageof the attractive real estate conditions. Every year brings new market opportunities and challenges. Below are some of my though consider for 2017: • The 2016 Presidential election should have a meaningful impact on our real estate marke remain low, the stock market is at an all-time high and financial stocks have rallied considera changesin the regulatory environment benefit those who work in the financial services secto expand the number of buyers interested in Bronxville. • For the past couple of years we have experienced lower real estate salevolumes but strong pr we can continue to hold pricing levels and increase salesvolume in 2017 but, as home price certain buyers to more affordable markets in the New York area. • We are experiencing a rebalancing in what buyers are willing to pay for certain types of reside apeak pricing year, Bronxville Village co-ops have experienced an averageper square foot p 20%, town homes 11.5%,and single-family homes a S%increase. In the past decade,buyers ha pay more for smaller homeswith lessmaintenance. It will be interesting to watch the spread among the apartments, town homes, and single-family homes. • Bronxville is seeing increased supply of houses for salein the high-end due to demographics lifestyle trends. In addition, the high-end condominium development called Villa BXV, comin nest" homeowners' 2018, is accelerating "empty selling decisions. We have had a relatively market in 2016. Hopefully, with the stock market at an all-time high and low interest rates we have healthy demand in this segment. I hope you find the following information and analysis helpful. Sincerely, Sheila Morrissey Stoltz Licensed Real Estate Associate Broker 914.S10.6220 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED Stoltz Report NYSCEF: 2016 10/01/2018 Bronxville Area 2016 A BRONXVILLE VILLAGE SINGLE FAMILY HOMES Bronxville Village single-family home sale pricing was very strong in 2016, continuing the that we've been seeing since 2009. The median home sale price was $2,605,000 as compare in 2015, and the averageprice per square foot was $670 as compared to $685 in 2015. In 201 which is below the peak volume year Of 61homes sold in 2012 but more in line with the 10-y homes sold annually. Approximately 40% of all homes in the Village sold between $2,500, in 2016. The highest price paid for a home in 2016 was $5,200,000 and the lowest price paid Current and anticipated inventory is weighted towards the high-end with very little inventor below $2,000,000. The strength in pricing is encouraging as we head into 2017. I do anticip new inventory coming on the market in the first quarter. Bronxville Village Single Family Homes - 10-Year Price and Volume H $3,000,000 1 $2,500,000 9 8 39 $1,000,000 $500,000 $0 + 2007 2008 2009 2010 2011 2012 2013 2014 2015 Bronxville Village Single Family Homes - Summary Statistics % Change Average % Change Pr Median vs 2006* P/SF vs 2006* High 2016 $2,605,000 32.2% $670 8.9% $5,200,000 2015 $2,455,000 24.6% $685 11.4% $8,500,000 2014 $2,190,000 11.2% $621 1.0% $5,233,000 2013 $2,009,500 2.0% $630 2.4% $7,000,000 2012 $1,975,000 0.3% $562 -8.6% $7,150,000 2011 $2,100,000 6.6% $554 -9.9% $5,150,000 2010 $1,900,000 -3.6% $563 -8.5% $5,350,000 2009 $2,150,000 9.1% $571 -7.2% $5,000,000 2008 $2,020,000 2.5% $627 2.0% $4,150,000 2007 $2,300,000 16.8% $650 5.7% $6,650,000 *Representsthe changein pricefrom 2006,apeakpricingyear. Bronxville Village - Unit Sales By Price Category (1/1 - 12/31) Price Range 2016 2015 2014 2013 2012 2011 2010 2009 Up to $1,000,000 0% 2% 3% 2% 7% 8% 5% 5% $1,000,000-$1,499,000 7% 0% 7% 17% 23% 15% 24% 14% $1,500,000-$1,999,999 14% 24% 31% 27% 23% 18% 29% 29% $2,000,000-$2,499,999 24% 27% 33% 40% 20% 33% 15% 14% $2,500,000-$2,999,999 24% 27% 17% 7% 15% 15% 7% 19% $3,000,000-$4,999,999 29% 13% 7% 5% 10% 8% 19% 14% $5,000,000 and up 2% 7% 2% 3% 3% 3% 2% 5% Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100% Total Units Sold 42 45 58 60 61 39 59 21 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 SHERA STOLTZ BRONXVILLE VlLLAGE TOWN HOMES Bronxville Village is unique in that it has a prominent town home market consisting of ap town homes. Bronxville Village town home saleswere stable in 2016 after several years of The median town home sale price was $1,056,500 as compared to $999,000 in 2015, and t per square foot was $620 in 2016 as compared to $619 in 2015. Approximately 44% of all tow between $700,000 and $1,000,000 in 2016, and 50% sold between $1,000,000 and $1,500,0 price paid in 2016was $1,504,000, and the lowest price paid was $815,000, Town homes conti above the historic average and much closer to single- family pricing on a per square foot ba offer an "urban feel" attractive Bronxville Village entry price point, and lower taxes in comp family homes. Bronxville Village Town Homes - 10-Year Price and Volume History $1,400,000 $1,200,000 $1,000,000 6 .2 $soo,ooo $600,000 ¬g $400,000 $200,000 $o 2007 2008 2009 2010 2011 2012 2013 2014 2015 Bronxville Village Town Homes - Summary Statistics % Change Average % Change Pr Median vs 2006* P/SF vs 2006* High 2016 $1,056,000 15.1% $620 19.0% $1,504,000 2015 $999,000 8.9% $619 18.8% $2,760,000 2014 $1,147,500 25.1% $627 20.3% $1,590,000 2013 $939,000 2.3% $545 4.6% $1,375,000 2012 $895,000 -2.5% $478 -8.3% $1,200,000 2011 $922,500 0.5% $469 -10.0% $1,200,000 2010 $874,000 -4.7% $467 -10.4% $1,300,000 2009 $998,620 8.8% $479 -8.1% $2,000,000 2008 $935,000 1.9% $511 -1.9% $1,150,000 2007 $960,000 4.6% $556 6.7% $1,421,000 *Represents thechangein pricefrom 2006,apeakpricing year. Bronxville Village Town Homes - Unit Sales By Price Category (1/1- 12/ Price Range 2016 2015 2014 2013 2012 2011 2010 2009 Up to $499,999 0% 0% 0% 0% 0% 0% 14% 0% $500,000 - $699,000 0% 0% 0% 0% 10% 25% 6% 0% $700,000-$999,000 44% 53% 23% 70% 80% 50% 63% 57% $1,000,000-$1,499,999 50% 35% 73% 30% 5% 25% 25% 29% $1,500,000-$1,999,999 6% 6% 5% 0% 0% 0% 0% 14% $2.000,000 and higher 0% 6% O% 0% O% 0% 0% 0% Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100% Total Units Sold 16 17 22 23 20 8 16 7 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 Bronxville Area 2016 A BRONXVlLLE VILLAGE CO-OPERATIVE APARTMENTS Bronxville Village has a large apartment market including approximately 1,200 apartment of which are co-operative apartments. The median price point for apartments increased to as compared to $542,350 in 2015. The average price per square foot increased to $485 as c in 2015. Unit salesvolume peaked in 2005 with 64 unit sales, and since 2011unit volume ha 45 units per year. In 2016, 38 apartments sold. The highest price paid in 2016 was $1,304,00 price paid was $154,000. The apartment market attracts newcomers to Bronxville who are apartment lifestyle and the affordable entry point. The apartments also are attractive to th downsizing from larger homes but who wish to remain in Bronxville Village. Bronxville Village Co-operative Market - 10-Year Price and Volume Histo $600,000 -- $500,000- 46 2 $400,000 6 $300,000 $200,000 $100,000-- $0 2007 2008 2009 2010 2011 2012 2013 2014 2015 Bronxville Village Co-ops - Summary Statistics % Change Average % Change Pr Median vs 2006* P/SF vs 2006* High 2016 $527,500 50.7% $485 25.0% $1,304,000 2015 $542,350 55.0% $441 13.7% $1,100,000 2014 $400,000 14.3% $395 1.8% $1,400,000 2013 $458,500 31.0% $385 -0.8% $1,417,500 2012 $445,000 27.1% $357 -8.0% $1,450,000 2011 $457,500 30.7% $355 -8.5% $1,500,000 2010 $330,000 -5.7% $352 -9.3% $1,375,000 2009 $445,388 27.3% $373 -3.9% $895,000 2008 $370,000 5.7% $391 0.8% $925,000 2007 $375,000 7.1% $404 4.1% $1,995,000 *Represents the changein pricefrom 2006,apeakpricingyear. Bronxville Village Co-ops - Unit Sales By Price Category (1/1- 12/31) Price Range 2016 2015 2014 2013 2012 2011 2010 2009 Up to $299,000 18% 14% 35% 28% 25% 28% 39% 26% $300,000-$399,999 13% 23% 15% 17% 18% 17% 20% 22% $400,000-8499,999 16% 5% 9% 13% 14% 14% 10% 17% $500,000-8599,999 8% 23% 7% 15% 11% 14% 15% 13% $600,000-8799,999 24% 14% 15% 15% 27% 17% 12% 13% $800,000-8999,999 11% 18% 9% 4% 2% 6% 0% 9% $1,000,000-$1,999,999 11% 5% 11% 9% 2% 6% 5% 0% Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100% Total Units Sold 38 44 46 54 44 36 41 23 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 SHEIIA STOLTZ BRONXVlLLE P.O./YONKERS Bronxville P.O./Yonkers had a very good year in 2016 after experiencing a healthy 2015 and 2 home sale price remained stable at$808,500 as compared to $801,750 in 2015. The average foot in 2016 was $330 showing an increase from $306 in 2015. Sales volume dipped to 5 compared to 58 home sales in 2015 but was above the 10-year average of 44 home sales. In homes sold in the $700,000-$999,000 range, and 28% sold above $1,000,000. The highest home in 2016was $1,925,000 and the lowest price paid was $420,000. Bronxville P.O./Yonkers Single Family Homes - 10-Year Price and Volume H $900,000 $600,000. 7 $450,000 33 $500,000 6 $150,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 Bronxville P.O./Yonkers - Summary Statistics % Change Average % Change Pr Median vs 2006* P/SF vs 2006* High 2016 $808,000 0.4% $330 -1.8% $1,925,000 2015 $801,750 -0.4% $306 -8.9% $3,863,000 2014 $805,000 0.0% $337 0.3% $2,301,000 2013 $729,000 -9.4% $316 -6.0% $2,650,000 2012 $722,500 -10.2% $313 -6.8% $2,550,000 2011 $705,000 -12.4% $310 -7.7% $3,475,000 2010 $716,000 -11.1% $321 -4.5% $1,795,000 2009 $725,000 -9.9% $318 -5.4% $3,150,000 2008 $716,250 -11.0% $353 5.1% $1,350,000 2007 $772,500 -4.0% $352 4.8% $3,125,000 *Represents thechangein pricefrom 2006apeakpricingyear. Bronxville P.O./Yonkers - Unit Sales By Price Category (1/1 - 12/31) Price Range 2016 2015 2014 2013 2012 2011 2010 2009 Up to $499,999 6% 12% 13% 24% 14% 24% 15% 27% $500,000.- $699,000 26% 22% 17% 25% 35% 24% 30% 23% $700,000-$999,000 41% 43% 44% 27% 27% 21% 42% 33% $1,000,000-$1,499,999 17% 17% 22% 16% 22% 21% 6% 10% $1,500,000-$1,999,999 11% 2% 2% 4% 0% 0% 6% 3% $2,000,000 and higher 0% 3% 2% 4% 3% 9% 0% 3% Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100% Total Units Sold 54 58 63 55 37 33 33 30 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 Bronxville Area 2016 A BRONXVlLLE P.O./TUCKAHOE The Bronxville P.O./Tuckahoe market experienced a stable year in 2016 after a strong ye median price in 2016 was $710,000 as compared to $847,500 in 2015. The average price per $332 in 2016, the same as in 2015.The highest price paid in 2016was $1,880,000 and the lowe $399,999. This area remains below the peak pricing experienced in the 2005-2007 time perio volume and stronger pricing combined with the very manageable inventory should continue to market. In 2016, 66% of the homes sold between $500,000-$1,000,000, and 33% of the hom than $1,000,000. This market remains stable and is improving slowly. Bronxville P.O./Tuckahoe Single Family Homes - 10-Year Price and Volume H $1,200,000 $1,000,000 $800,000 $600,000 c 14 $400,000 $200,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 Bronxville P.O./Tuckahoe - Summary Statistics % Change Average % Change Pr Median vs 2006* P/SF vs 2006* High 2016 $710,000 3.6% $331 -7.5% $1,880,000 2015 $847,500 23.7% $332 -7.3% $1,640,000 2014 $680,000 -0.7% $327 -8.7% $1,745,000 2013 $686,250 0.2% $303 -15.4% $1,610,000 2012 $780,000 13.9% $312 -12.8% $1,075,000 2011 $670,000 -2.2% $312 -12.8% $1,600,000 2010 $665,000 -2.9% $315 -12.0% $2,100,000 2009 $641,250 -6.4% $301 -16.0% $2,200,000 2008 $1,105,000 61.3% $383 7.0% $2,350,000 2007 $1,030,000 50.4% $383 7.0% $2,980,000 *Represents the changein pricefrom 2006,apeakpricingyear. Bronxville P.O./Tuckahoe - Unit Sales By Price Category (1/1 - 12/31) Price Range 2016 2015 2014 2013 2012 2011 2010 2009 Up to $499,999 11% 0% 8% 8% 21% 7% 14% 6% $500,000.-$699,000 37% 38% 46% 42% 29% 43% 50% 50% $700,000-$999,000 19% 31% 25% 25% 43% 14% 14% 28% $1,000,000-$1,499,999 19% 15% 8% 21% 7% 29% 7% 11% $1,500,000-$1,999,999 15% 15% 13% 4% 0% 7% 7% 0% $2,000,000 and higher 0% 0% 0% 0% 0% 0% 7% 6% Total Units Sold 100% 100% 100% 100% 100% 100% 100% 100% Total Units Sold 27 26 24 24 14 14 14 18 FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 SHEILA STOLTZ BRONXVILLE 10708 Summary Pristine and picture-perfect, the . , . • village of Bronxville and the su • ' including Cedar Knolls, Lawrence P Bronxville P.O./Tuckahoe area all s proximity to Manhattan (15 miles t g . . ( h in their enduring character. Bronxvi . English-style town with primarily homes, many designed by renow pre-war and contemporary tow condominium and cooperative apar The heart of the Village-its school, t shopping district, and train station-is distance from all of the neighborhoo History The area was deeded to British colonists in 1666, and the earliest settlers arrived in the first century. During the latter part of the 19th century and early part of the 20th century, Bronxville artists' colony.In fact many ofthese artists'homes exist today: the charming Hilltop, withits win streets, is listed on the National Register of Historic Places.Bronxville is filled with lush gree trees, classically beautiful homes, and a small town community spirit that offers a much soug life. Close knit neighborhoods have always been the hallmark of Bronxville's history. Today, B has approximately 6,500 residents living in 980 homes, 240 town homes and almost l,200 apart Education The Bronxville School system consistently ranks among the top schools for its size in the co are very proud of their commitment to and the successof the public education in Bronxvil areas offer a multitude of other award winning public, private, parochial and nursery scho families to choose the best educational plan for each of their children. Culture and Recreation Only 15 miles from Midtown Manhattan, our Village is a short train ride from all that New offer. In addition, Bronxville offers awealth of cultural experiences within and around its bor is home to both Sarah Lawrence College and Concordia College, institutions which enrich on many levels. Bronxville is also proud of its award winning public library, numerous art outdoor farmers market, and summer band concerts. For exercise and recreation, Bronxville miles of cycling and walking paths around the Bronx River along with public tennis and p addition, there are several private club options within the Village itself; and Lake Isle in near open to allVillage residents-offers golf, tennis and swimming too. A SUBURB THAT IS ENDLESSLY COPIED BUT NEVER MATCHED - Kenneth Jackson FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The Stoltz RECEIVED Report NYSCEF: 2016 10/01/2018 Bronxville Area 2016 A BRONXVILLE 10708 Bronxville is 15miles north of NewYork City and a 29-minute commute to Grand Central Station Nearby parkways provide easy accessby car to the city and Westchester, LaGuardia and Ke No other community offers such a desirable location to New York City and major transportati Distance P. rzille To (By Car): Distance From Manahattan To (b Midtown Manhattan 34 min. Bronxville 29 GeorgeWashington Bridge 19 min. Irvington 4 JFK Airport 38 min. Chappaqua 53 Newark Airport 43 min. Rye 45 Westchester Airport 24 min. Greenwich 49 LaGuardia Airport 32 min. New Canaan 7 Blauvek OldTappan Norwood i a -H an reerivi4e Harringtorg - Caster - rTIOn -Demarest Eastche . ._ . n1aroneck Duniont Cresskill OW sergenfield onkers hmont . t Vernon Ne chelle Eng[ewood ta 4L .. Leonia ... Glen . ort e £5 Se Cif . B ONX Manoshaven - T . G ) Port . /, Wahington F rview unrsfo T Bergen FlowsHill .. GreatNec R yn crest .anhatÉ . LaGuardia AirpO RostynHe yrEn cr NeckPlaza NorthHil Albert FILED: WESTCHESTER COUNTY CLERK 10/01/2018 05:13 PM INDEX NO. 60767/2018 NYSCEF DOC. NO. 170 9/12/2018 The RECEIVED StoltzReport NYSCEF: 2016 10/01/2018 SHEIIA STOLTZ BRONXVILLE AREA SCHOOLS The Bronxville School system consistently ranks amongthe top forits sizein the country, and re of their commitment to public education. An elementary, middle and high school, each run by are located on a single campus in the center of the Village. Established in 1922, the school pr traditional and progressive education, tailored to meet student needs. Its academic, arts and are outstanding. Graduates consistently receive acceptance to the most selective colleges an the nation. Surrounding areas offer a multitude of other award winning public, private, paroc schools which enable families to choose the best educational plan for each of their children. Bronxville Schools - Im nortant Facts K-5 780 Rank in County (by Avg. SAT Score) 6-8 430 Tuitioning In Call Sch 9-12 488 School Budget (2015) $46 m Total 1,698 Gross Student Expenditure $30,2 Senior Class 132 Average SAT Score 1 Avg. Class Size 21 For dé Wkd infr a on all Westchester schools and school rankings plea go to http://www.westchestermagazine.com/Westchester-Magazine/School-charts/ Useful School Phone Numbers Bronxville Publi