Well Tuxedo is an exclusive area with million dollar plus homes Warwick/Ramapo not so much. Nice area but they will not get the same return they did from Brooklyn is all I am saying. I mean WTBTS bought that property in Bklyn back in the early 1900's and sold it for.... billions possibly is what we think?
The Warwick and Ramapo properties were built where there were trees and is not at the moment nor ever was zoned for residential so I would think that they would need to find a specific client to purchase it. The gain will not be nearly as substatntial as it was when they left Bk Hts where real estate deveolpers were lining up to grab that VERY desireable location.