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Peekskill-Cortlandt Patch Home of the Week: Feb. 1 Edition

This new column by Joel Heumann will focus on local bargains and high-end gems in the local housing market

You can enjoy the tax advantages of home ownership in Peekskill for as little as $24,900. That's the asking price for this 550-square-foot co-op studio apartment at the River House.

River House is a resort-style cooperative residence, so you own shares in the development, not actual property. Nonetheless, a percentage of your monthly common area maintenance costs and mortgage interest are tax deductible. In this case, monthly maintenance is approximately $437 if you take advantage of the STAR tax reduction for the unit as your primary residence. Common area maintenance includes heat and hot water, as well as maintenance of the exterior grounds, public lighting, hallways, etc. River House also features a pool, tennis courts, walking trails and a playground.

154 Overlook Avenue, #1A is a ground floor unit. One nice feature is that the floors are all separated by concrete construction, so there's no noise from your neighbors. It's listed by Nicholas Misch of Re/Max Classic Realty, 914.243.5200 or Nick@RealNick.com.

About the Author

Joel Heumann has been a Realtor for 13 years and is currently an associate broker with Crowne Victoria Realty. He can be reached at IntReGrp@gmail.com.

Mr. Schmitt February 01, 2013 at 08:33 PM
This is a cooperative apartment NOT a condominium...
Rasheed Oluwa February 01, 2013 at 09:23 PM
You're right. Sorry for the confusion.
liz February 01, 2013 at 10:05 PM
Also their Board prohibits renting coop out so if get a job relocation you are stuck!
Florence Snarr February 01, 2013 at 10:18 PM
It is a wonderful complex with amenities!

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