Posted by Leonard Steinberg on August 4th, 2013 The uber-chic London-based fashion emporium DOVER STREET MARKET is coming to a rather unexpected neighborhood, located at 160 Lexington Avenue (@30th Street). The 20,000sf store, located in an exceptionally beautiful 1909-built bank building, mingles Comme de Garcons’ various lines with a range of international designer brands for women and men … [Read More]
NEW YORK HAVE’S AND HAVE-NOT’S CO-EXIST
Posted by Leonard Steinberg on August 2nd, 2013 Have you noticed how many buildings that sell very high priced apartments in Manhattan are neighbors to the projects and low income housing, yet co-exist quite perfectly? This phenomenon was highlighted a few years ago when many building in Chelsea started to get built on those blocks… [Read More]
U.S. HOME PRICES SURGE 12.2% YEAR-OVER-YEAR IN MAY, LARGEST GAIN SINCE 2006
May home prices surged by 12.2% in the month of May when compared to last years pricing, the largest gain since 2006.
THE TOP 10 REASONS WHY WEST CHELSEA WILL CONTINUE TO SOAR
Posted by Leonard Steinberg on July 28th, 2013 Here are my TOP 10 reasons why West Chelsea has only seen the BEGINNINGS of an upside that will only be fully realized in roughly 7-10 years: 1) A concentration of A-grade architecture that currently includes Jean Nouvel, Annabelle Selldorf, Frank Gehry, Neil Denari, Enrique Norten and… [Read More]
KARTRASHIAN-KANYE GOLD TOILETS: THE NEXT AMENITY?
Posted by Leonard Steinberg on July 24th, 2013 This is really important: for a couple known to be full of it, Kim Kardashian and Kanye West have spent just over $750,000 on four gold-plated toilets for their new Bel Air mansion according to semi-reliable sources. Is the gold toilet the next must-have real estate status… [Read More]
ARE FIRST-TIME HOMEBUYERS BEING ICED OUT OF THE MARKET?
Posted by Leonard Steinberg on July 23rd, 2013 The WALL STREET JOURNAL this morning addresses a concern of many: are first time homebuyers being excluded from the housing recovery? Manhattan has always been a tough place for first time homebuyers, yet depending on the expectations of these buyers, I find there is always an entry… [Read More]
DATA DISGRACE: REALLY BAD INFORMATION
Posted by Leonard Steinberg on July 21st, 2013 This month several real estate company reports were released addressing the 2nd quarter of real estate sales in New York. What astounded me (and surely many consumers) was the huge variance in the reporting. I was shocked how several real estate firms reported flat pricing even though anyone and everyone… [Read More]
ITS TOO DAMN HOT!
Posted by Leonard Steinberg on July 19th, 2013 The rent is too damn high and its too darn hot!…….seen earlier today on the streets of New York….
LESSONS FROM BANKRUPT DETROIT?
Posted by Leonard Steinberg on July 19th, 2013 Detroit filed for the largest municipal bankruptcy in U.S. history yesterday after steep population and tax base declines sent it tumbling toward insolvency. The filing by a state-appointed emergency manager means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment…. [Read More]
IS CENTRAL PARK SOUTH THE NEW CENTRAL PARK WEST?
Posted by Leonard Steinberg on July 18th, 2013 Yesterday’s announcement that Steve Witkoff is in contract to buy the Park Lane Hotel on Central Park South for $ 650 million and construct a new residential tower leads me to believe that Central Park South, once associated with hoards of tourists and horse-drawn carriages, and already home to… [Read More]