Posted by Leonard Steinberg on November 8th, 2013 We just listed a rather exceptional penthouse on Hubert Street in Tribeca at the brand new pre-war conversion 250 West Street that boasts a feature very few buildings can provide: ultra-privacy. The penthouse is accessed via a private drive-in drop-off entrance……from there you enter a completely dedicated… [Read More]
EUROPEAN CENTRAL BANK CUTS INTEREST RATES
Posted by Leonard Steinberg on November 7th, 2013 The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation that has sparked fears the euro zone’s economic recovery could stall. Is this a move as a result of too much government spending and over-taxing? Were taxes raised… [Read More]
LANDSLIDE VICTORY MANDATE?
Posted by Leonard Steinberg on November 6th, 2013 Mayor-elect Bill de Blasio is talking today about how the City has given him a mandate to push his agenda forward because of his impressive winning margins. This may be so on the surface, but further analysis proves otherwise. So, Mayor-elect Mr. de Blasio, please consider the… [Read More]
MAYOR-ELECT DE BLASIO AND TAXES: THE REALITY?
Posted by Leonard Steinberg on November 6th, 2013 Its official: Bill de Blasio is the mayor-elect of New York City. Getting elected was relatively easy, but now its down to work. He is smart enough to know that botching Bloomberg’s successes will almost certainly lead to a fiscal mess and prevent the very things that… [Read More]
HUGE TAX REDUCTION COMING FOR THE HOLIDAYS! IS OPEC THE FED?
Posted by Leonard Steinberg on November 4th, 2013 On Good Morning America this morning a big news item was about gas prices plummeting, closer to $ 3/gallon. When the correspondent was asked why, the answer was somewhat disturbing to me…. she said it was because the economy was not doing that well and this would be… [Read More]
NEW YORK REAL ESTATE TAX MESS EXAMPLES
Posted by Leonard Steinberg on November 4th, 2013 This week’s Olshan Report showcases 23 properties that went to contract in the past week over $ 4million….including a 2013 record for the penthouse at 212 West 18th Street. While the pricing of these properties may be impressive, what is even more so is the huge disparity… [Read More]
2013 AVERAGE WALL STREET BONUSES TOBE 20% LOWER?
Posted by Leonard Steinberg on November 3rd, 2013 The New York Post reports that Wall Street bonuses could be about 20% lower this year……many are celebrating this news, yet we should all be concerned: if Wall Street bonuses are lower, its very probable that New York city and state taxes collected will be lower too…. [Read More]
NEW YORK TIMES ARTICLE
BIG CITY Reconsidering View of de Blasio as Threat to the Wealthy Christian Hansen for The New York Times One57, center, is a sign of the embrace of New York by the wealthy, who some opponents suggest would be driven off by a de Blasio administration. By GINIA BELLAFANTE Every month, Leonard Steinberg, a leading broker at… [Read More]
LUXURYLETTER IN TODAYS NEW YORK TIMES!
Posted by Leonard Steinberg on November 3rd, 2013 LUXURYLETTER De Blasio editorial in this morning’s New York Times: http://www.nytimes.com/2013/11/03/nyregion/reconsidering-view-of-de-blasio-as-threat-to-the-wealthy.html
FLOOD WALLS: AN EXCELLENT MEASURE AGAINST FUTURE STORMS
Posted by Leonard Steinberg on October 30th, 2013 After Sandy, many buildings decided that as part of their preparedness for future flood damage they would install flood walls: well, here is one being erected in Manhattan as a test showing just how large and strong these walls really are. These massive barriers are designed to… [Read More]