IS HOME OWNERSHIP FADING IN FAVOR OF RENTING?

Posted by Leonard Steinberg on April 24th, 2012 The press is reporting that the U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon. This translates to about 4 million homeowners turning into renters…. [Read More]

SEX AND THE CITY HOUSE RE-SELLS: IMPORTANT TOWNHOUSE MESSAGE?

Posted by Leonard Steinberg on April 24th, s012 The 64 Perry Street house noted for its appearance on ‘Sex and the City’ has re-sold (after the original buyers won an intense bidding war 6 months earlier) for $ 9.85million. The house had traded above the asking price 6 months ago (and again it traded this… [Read More]

SMELLS AND THE CITY – PART 2

Posted by Leonard Steinberg on April 24th, 2012 As Summer approaches, I am reminded how warmer weather can accentuate the lovely smells of New York. I noted earlier that dog owners don’t seem to care much that the trail of pee and poop schmeers they leave behind for all others to enjoy requires buildings to… [Read More]

SMELLS AND THE CITY

Summer’s coming: have you noticed the dog pee buildings clean up daily? Heat makes it worse. Is it time for a doggy tax?

HOW MUCH ELECTRICITY DOES NEW YORK USE?

Posted by Leonard Steinberg on April 23rd, 2012 New York City uses 11, 000 Megawatt-hours of electricity on average each day. One megawatt represents the amount need to power 100 homes! (1 Megawatt = 1,000 KiloWatt = 1,000,000 Watt….. So New York uses 11 Billion Watt-hours per day…..now cover those rooftops with Solar!

100 ELEVENTH AVENUE JEAN NOUVEL PENTHOUSE CLOSES

Posted by Leonard Steinberg on April 23rd, 2012 The 4,675 sf Jean Nouvel penthouse at 100 11th Ave. staged by Aimee Scher has closed for $ 19,4m ($ 4,149/sf). That’s 1/3 the price per square foot of 15 Central Park West’s penthouse making it a relative bargain. With 4,412sf of terraces and unrivalled views: West Chelsea continues… [Read More]

145 HUDSON TRIBECA PENTHOUSE COMING BACK TO THE MARKET

Posted by Leonard Steinberg on April 21st, 2012 The 7,000sf+ penthouse at 145 Hudson Street (Sky Lofts) in New York’s prized downtown neighborhood Tribeca has returned to the market for $ 48million, or $ 6,400/sf: Is this showplace worth that much more than the penthouses of Superior Ink, 200 Eleventh Ave. and 100 Eleventh Ave,… [Read More]

FIVE BASIC THINGS ALL BUILDINGS MUST DO

Posted by Leonard Steinberg on April 21st, 2012 As a large swath of very beautifully designed buildings head our way in New York City, a result of the re-awakening of new development construction that was dormant for several years, I want all ‘older/existing’ co-op’s and condo’s to acknowledge that soon they could be viewed as… [Read More]