Trump Westchester NY
Global uncertainty is high about President-elect Donald Trump’s agenda. But in Westchester, regardless of what side of the political fence they’re on, real estate professionals hope that having Trump in the White House will be good for their business.
Local real estate insiders express varying degrees of optimism about Trump’s potential impact on the real estate market in Westchester. He owns or manages properties in the county including the private Trump National Golf Club and the Seven Springs mansion in Bedford, which has been described as a Trump summer family retreat.
Tony Mazzulli, an executive director at Keller Williams Commercial who specializes in investment sales in Westchester, said some of his clients are making postelection decisions based on the high hopes they have for the Trump presidency.
“I am very bullish on Westchester, first of all because of the millennial migration. But with him I also feel consumer confidence is a lot higher,” Mazzulli said. “He’s going to impart a lot of different rules and regulations to help the real estate market.”
Longtime developer Louis Cappelli has had a personal and professional relationship with Trump for more than 20 years. Together they have built several luxury properties in Westchester and Fairfield counties, including the Trump Tower at City Center in White Plains and Trump Plaza in New Rochelle. Trump’s company manages those properties.
Cappelli is enthusiastic about Trump. “Donald is a dynamic, pragmatic, no-nonsense man who I believe will do everything he can to improve the stature and economy of the country over the life of his term. He is highly driven and prides himself on being surrounded by intelligent, capable people, which I think we are currently witnessing,” Cappelli said.
Despite his optimism on Trump’s overall impact, he doesn’t think Trump’s presidency will have any effect on his Westchester properties. “They have already performed incredibly well, and I don’t imagine the outcome of the election will affect them one way or another,” he said.
While Trump’s properties might not be impacted, Zachary Harrison, president and co-founder of Platinum Drive Realty — which handles properties in Westchester, Manhattan and Conn上海贵族宝贝