As the city shut down this spring, New York’s wealthiest neighborhoods saw an exodus of residents, many of whom headed to second homes or rentals in the Hamptons and other parts of the Tri-State.

Now that Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide, will those who fled return?

According to Petersheim who founded Hudson Valley-based development and real estate company Catskill Farms “The idea that they may shut down again really closes the door to ...