THE ART MARKET AND THE REAL ESTATE MARKET MIRROR

Posted by Leonard Steinberg on May 6th, 2014 The ultra-high-end Art and Real Estate markets often mirror one another as they are a barometer of the ultra luxury markets. Last night’s auction results at Christie’s may be an insight to what is coming to the Manhattan real estate market where excessive pricing on some not-so-worthy apartments is… [Read More]

Newly Listed Authentic LIVE/WORK Loft: 69 WOOSTER ST #2

Positioned in the very heart of Soho, this authentic LIVE/WORK loft is indeed a rare breed: Soaring ceilings feature throughout this massive, voluminous space that affords incredible opportunities to create a dream home or an office/live-work scenario. Located on one of the areas most charming cobbled street blocks, you enter directly off the key locked… [Read More]

MAYOR DE BLASIO REVEALS HIS AFFORDABLE HOUSING PLAN

Posted by Leonard Steinberg on May 5th, 2014 Mayor De Blasio today revealed his bold affordable housing plan for New York, aiming to build at least 200,000 units over the next 10 years as opposed to the Bloomberg administration that built about 165,000 units in its 12 years. The plan calls for almost $42 billion… [Read More]

New Development: 27 WOOSTER STREET

Located in a quiet section of SoHo, 27 Wooster stands as a testament to rigorous contemporary architecture that simultaneously respects its historic landmarked surroundings. This 2,500 square foot three bedroom, three and one half bathroom unit with balcony combines the modern aesthetics of loft living with the privacy and elegance of more traditional living. The… [Read More]

NEW LISTING!! 28 Laight Street #3E

This enormous, renovated 3,577sf loft that gives you room to breathe is located in The Cobblestone lofts, on a charming Tribeca street where Vestry turns into Laight Street, was built in 1891 as a warehouse and converted to 32 residential condominiums in 2000. Positioned on the quiet side of the building, you enter into an… [Read More]

SILICON ISLAND – NEW YORK'S TECH INDUSTRY TAKES OVER

Posted by Leonard Steinberg on May 1st, 2014 The Flatiron District and Chelsea was termed Silicon Alley as the East Coast’s alternative to Silicon Valley in California: now that this industry is spreading further West into Chelsea and South into the Financial District, we have decided to re-name our tech industry…..SILICON ISLAND. As all our… [Read More]

HERMES SOARS – LUXURY BUYERS PAY A PREMIUM FOR REAL QUALITY

Posted by Leonard Steinberg on April 28th, 2014 The super-luxury market is alive and well as witnessed by Hermes’ forecast-beating 14.7% rise in like-for-like first-quarter sales on Tuesday, driven by strong demand for its ultra high quality fashion and leather goods. Sales in Japan, one of its biggest markets, were boosted by purchases ahead of… [Read More]

THE TREND TOWARDS URBAN LIVING GROWS

Posted by Leonard Steinberg on April 28th, 2014 More Americans are moving to cities in the wake of the uptick in the economy in recent years, reversing the decades-long trend of moving to the suburbs. Census Bureau data shows that the Urban American city is experiencing a renaissance, driven primarily by migration into the center… [Read More]

THE NEW YORK AUTO NO-SHOW

Posted by Leonard Steinberg on April 27th, 2014 The other night I visited the New York Auto Show as its time to get a new car: This experience was an eye-opener in the area of customer service. Firstly I was amazed that they would charge visitors a $ 15 entry fee to come in to see their… [Read More]