Garth Road in Scarsdale, NY is famous for its coop units. Many people come to me with a specific request for a unit on Garth Rd. Located right off the Bronx River Parkway and just steps from the Scarsdale Train Station, it is easy to understand why. Garth Rd. is convenient to the Village of Scarsdale and all it has to offer. With high –end shopping and first class dining. Being able to leave the car and walk a block or two to the train also holds an enormous advantage. The city is just steps to the train and a 30 minute ride while the hustle and bustle of downtown White Plains, NY, with the City Center, Westchester Mall, and Ritz Carlton are just about 10 minutes away by car. So any way you look at it, fine dining, high-end shopping, and first class cultural activities are close at hand. It should be noted that although this is a Scarsdale P.O. and located right in the village, the school system is Eastchester.
One of the biggest drawbacks for most of the complexes on Garth Rd. is that they are notorious for not being pet-friendly. Many will allow cats, but only one complex allows dogs.
Colchester Hall is the one complex that allows dogs. It is located just five minutes from the Train Station and the heart of the village and all that it has to offer – so its location on Garth Rd. is just about ideal. Parking is available, but there is a waitlist. Most people on Garth Rd. use street parking. The fee for the parking, if you get it is $75/month. Storage is available in the basement for all residents.
Cost of Living:
Right now there are a couple of units in pending from which I can derive a rough cost of living. Since there hasn’t been a title pass, these are rougher estimates than usual.
The complex requires a 20% downpayment
A 1200 sq.ft. 2 BR/1BA unit was listed for $379,900 and is now under contract. The maintenance fees are roughly $910/month without the STAR savings. Additional fees bring that sum up over $1000/month. Another 1 BR/1 BA unit (750 sq.ft.) was listed for $224,000 with the sale now pending. Maintenance fees plus extra charges amount to roughly $865/month without parking fees and without STAR. Assuming a 30 year fixed loan at 6%, the outlay after tax benefits and STAR is about $1500/month.
This is the only truly pet-friendly complex on Garth Rd. in that it is the only complex that allows dogs. The weight limit is 40 lbs.