Advantages of buying property in the town of Chestnut Ridge, New York may include:

1. Proximity to New York City: The town of Chestnut Ridge is located in Rockland County, which is just a 30-minute drive from New York City. This provides easy access to big city amenities like shopping, dining, and entertainment.

2. Good schools: The town of Chestnut Ridge is serviced by the East Ramapo Central School District, which is highly ranked among New York State school districts.

3. Community events: Chestnut Ridge hosts a number of community events throughout the year, including the annual Street Fair and summer concerts in the park.

4. Scenic location: The area features beautiful parks and hiking trails, such as the Bear Mountain State Park that are less than an hour's drive.

Disadvantages may include:

1. High cost of living: The proximity to New York City and good schools come at a price. The cost of living in Chestnut Ridge is above average compared to other towns in New York.

2. Traffic: Commuting to the city during peak hours can be stressful due to heavy traffic on the highways.

3. Property taxes: Property taxes in Rockland County are relatively high, which can be costly for homeowners.

4. Limited public transportation options: Although there are bus and train services in the area, they may not be as frequent or convenient as in larger cities.