Modern Home Builder - Fall 2017 - 110
Zappico Real Estate Development
The Hawthorne, N.Y.-based company prides itself on having
lots throughout Westchester County that appeal to different demographics.The bread-and-butter of Zappico's business is building
subdivision communities, but it will build a custom home on a
single lot, too.
"South of Interstate 287 [in New York] is very dense with single-family homes and it's hard to find land for subdivisions, so we
do a lot of teardowns and rebuild communities on those lots," Brian Zappi explains. "We started off in northern Westchester County
with bigger developments because there's more open space, but
today we have a lot of inventory in the middle of the county, building smaller subdivisions and individual site plan approvals."
"Most other builders don't
have the confidence to take
on some of the projects that
DESIGNED TO SUIT
Zappico looks at each site as a unique challenge. "We are all engineers at Zappico, so we see a site as a challenge and can get creative
on how we lay out the development," Brandon Zappi says. "Most
other builders don't have the confidence to take on some of the
projects that we do."
"Designers often have blinders on and can't really envision creative ways to get good subdivisions on a site," his brother adds.
When choosing a new site, Zappico focuses on locations with
good school districts and that are in proximity to the train because at least 50 percent of its buyers commute to New York
City for their jobs. About 60 percent of the company's clients are
young families who want to buy a home in that exact location.
Approximately 40 percent of Zappico's clients are baby boomers
looking for a first-floor master bedroom, smaller lots and maintenance-free features.
From start to finish, the entire homebuilding process with Zappico can take three to nine months. Permitting for a single-family home in Westchester County takes between two weeks and six
months - depending on the town - while the actual construction
spans three to four months.
Zappico caters to homebuyers who do not want to customize
any part of their homes and choose from one of six model homes,
to those who want to customize every inch of their new houses.
www.mhb-magazine.com Fall 2017
"We have built hundreds of homes in Westchester County and no
two are the same," Brandon Zappi says. "We are all engineers and
have an architect on staff, so we develop all the plans in the office."
The average Zappico home is about $1.3 million, but prices
range from $400,000 for townhomes up to multimillion-dollar
homes, the brothers say.
Point Place in Chappaqua, N.Y., is one of Zappico's newest communities, featuring lots for 11 luxury custom homes styles that
range in price from about $1 million to $1.3 million. The company
purchased the property out of foreclosure in 2008 when it was in
the preliminary approval process to become a subdivision.
"Typically that's not something we do," Brian Zappi says. "We
design and do all the layouts ourselves, but this was when the market was bad and we got a good price, so we picked this up and
redesigned the subdivision."
Zappico created smaller lots in Point Place, which the company
says has been a growing trend in the area. The object is to maintain
green space around the community that is deeded and can never be
built upon or disturbed.
"We have noticed a trend towards smaller lots for less environ-