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Note: This Tax Analysis was performed using data for the number of school children generated by multifamily housing as set forth in the 2006 Study by the Rutgers School of Planning and Public Policy. The Rutgers–Bloustein studies have become dated over time and do not reflect the demographic reality of a general decline over time in the average household size and the average number of pupils per housing unit. The Real Estate Institute at Stony Brook University performed a more recent study in 2019 entitled “Impact of Market Rate Apartments on School District Enrollment”. The Stony Brook research indicates that the multiplier for multifamily housing is approximately half the multiplier set forth in the Rutgers Study. Applying the Stony Brook multiplier to this analysis results in approximately 50% less school-aged children generated by the community and a net tax revenue surplus to the Elwood School District of approximately $1,712,800.
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The Beechwood Organization is at the forefront of privately-owned home builders nationwide, one of the largest developers of single family and multifamily housing on the East Coast and in New York State, and the largest home builder and developer of sophisticated lifestyle communities on Long Island.
Since 1985, Beechwood has built more than 10,000 homes in 80 communities with new residential and mixed-use developments on the map across New York City, Long Island, Saratoga Springs and North Carolina.
Transitioning from local builder to national leader, Beechwood ranked #54 of 240 Housing Giants and #3 in New York by Professional Builder Magazine in 2023.
