Posted by Leonard Steinberg on January 8th, 2014 Annie Liebovitz, the famous Vanity Fair photographer extraordinaire has just sold her ivy-clad West Village townhouse compound for $28.5 million after it sat on the market for many, many months. The compound consists of three unconnected homes: her home is at 757 Greenwich Street, her office at 755… [Read More]
TALE OF TWO CITIES CONTINUES, ALTERED?
Posted by Leonard Steinberg on January 4th 2014 Did you notice during the snowstorm how poorly the streets in Manhattan had been plowed? Mayor de Blasio proudly exclaimed in a press conference that Queens and Brooklyn and the outer boroughs were the focus of City snow plows: is the TALE OF TWO CITIES that he so vehemently… [Read More]
WHY DO BILLIONAIRES AND OLIGARCHS BUY MANHATTAN APARTMENTS?
Posted by Leonard Steinberg on January 3rd, 2014 The subject of Russian oligarchs and Chinese billionaires buying $ 20m+ apartments has reached a fever pitch: many New Yorkers are OUTRAGED that we do not impose some form of punishment to these people for buying here. It is probably true that some of these buyers earned… [Read More]
IS AIR MORE VALUABLE THAN LAND IN NEW YORK CITY?
Posted by Leonard Steinberg on January 2nd, 2014 Has the air above a building become as valuable or even more valuable than the land it is built on? It appears so…. Transferable air rights have soared in price to $500 a square foot, making them worth more than the dirt below. Donald Trump made buying air… [Read More]
LUXURYLOFT TEAM CLOSES LARGEST SALE OF 2013 IN NEW YORK.
Posted by Leonard Steinberg on December 28th, 2013 Congratulations again to my LUXURYLOFT team: The New York Times announced this morning that our $ 43million sale at 144 Duane Street was the largest closed transaction of 2013 in New York City. An especially big congratulations to Yoko Sanada who made it all possible. Here is… [Read More]
CONTINUUM TOWER FOR FLATIRON/MADISON PARK?
Posted on December 24th, 2013 On the heels of One Madison Park’s enormous success (Yoko Sanada on our team is currently selling a unit there), is more news about developer Ian Bruce Eichner’s planned neighbor, 41 East 22nd Street….possibly the first New York Continuum? Eichner had great success with the Continuum Towers in Miami that… [Read More]
CAPE TOWN: WORLD DESIGN CAPITAL 2014
Posted by Leonard Steinberg on December 23rd, 2013 I am visiting my hometown, Cape Town, South Africa, which has been designated the World Design Capital for 2014. Cape Town is a melting pot of design influences from Europe, Africa and the Far East, in a city known for it hugely diverse cultural mix. These influences… [Read More]
HUGE REAL ESTATE TAX REVENUE INCREASES PAY NEW YORK'S BILLS
Posted by Leonard Steinberg on December 21st, 2013 As Mayor-elect BIll de Blasio and his fans decry the evils of the real estate market, I have to be certain that a recent Budget office report addressing the vast revenues generated by the real estate markets must be an eye-opener. Here are some interesting facts that… [Read More]
JUST IN CASE THERESA GIUDUCE WINS THE MEGA-MILLIONS LOTTERY.
Posted by Leonard Steinberg on December 16th, 2013 12 East 69th Street was just listed for $ 114 million……oops, and $ 77,000.00….who came up with that price? Did they forget a faucet in their calculations and just tag it on at the end? The $ 100m+ New York real estate listing has become quite fashionable,… [Read More]
TODAY I FEEL AFRICAN-AMERICAN
Posted by Leonard Steinberg on December 15th, 2013 I immigrated to the USA about 29 years ago, and I am a US citizen now (which makes me African-American I guess), but today I feel very African with the burial of Nelson Mandela. Today I fully understand why so many immigrants, regardless of how long they have… [Read More]