Posted be Leonard Steinberg on April 16th, 2014 The Wall Street Journal reports this morning that the expected SPRING RUSH has not happened quite as planned throughout the US Housing market, although the Manhattan market has been rather strong, and one reason may be that asking prices have been escalating to the point where they… [Read More]
New Townhouse Listing! 376 President Street – Carroll Gardens, Brooklyn
20-ft wide charming townhouse thats part of a condomium. This magnificently gut renovated historic townhouse is conveniently located on a super-charming street in Carroll Gardens.With over 1,400sf interior square feet this gem offers a private landscaped garden. There is also a deck off the master suite. This gracious home has been meticulously renovated to the… [Read More]
THE SOLUTION FOR AFFORDABLE HOUSING? BUILD LOTS!
Posted by Leonard Steinberg on April 15th, 2014 The answer to New York’s affordable housing problem may ultimately be solved by building LOTS: If you need any evidence of this, think back to the 2007/2008 recession where masses of housing stock sat idle…..and resulted in prices dropping, often dramatically. Or look today towards China…. In… [Read More]
NEW YORK DOORMAN COSTS AND AFFORDABLE HOUSING
Posted by Leonard Steinberg on April 14th, 2014 New York Doormen are a hallmark of New York buildings, the first and last impression of a guest and often a wonderful welcome home at the end of a long day. They perform numerous tasks during the day and night, many more than the expected opening and closing of… [Read More]
MAYOR DE BLASIO’S NEXT 100 DAYS
Posted by Leonard Steinberg on April 13th, 2014 Many have asked my opinion of Mayor De Blasio’s first 100 days in office: I was lambasted by many for vocalizing my support of him……surely someone in real estate could not support this obviously liberal mayor for New York City? Well, I did. And I did so with good… [Read More]
THE BENEFICIARIES OF FEDERAL TAXES: NO, NOT NEW YORK!
Posted by Leonard Steinberg on April 13th, 2014 For every tax dollar New Yorkers give the Federal Government each year, they only get back 79 cents in Federal funding. You might conclude that the Federal Government is wasting our money somewhere, but oh no: just like most corrupt tax systems, this one has its beneficiaries…. [Read More]
Just listed! 1 Bedroom/2 Bath with great proportions and the perfect terrace for al fresco dining!
Located in the heart of West Chelsea Arts District, Downtown’s most vibrant neighborhood that provides a unique mix of the world’s leading art galleries, restaurants and retail, and anchored by the remarkable Highline Park (that connects West Chelsea to the Meatpacking District and the Hudson Yards) and the Hudson River Park (with Chelsea Piers), this… [Read More]
THE PAST AND THE FUTURE COLLIDE IN NEW YORK
Posted by Leonard Steinberg on April 11th, 2014 The other day I witnessed the past and the future within a few blocks of one another in New York: The first visit was to the US Post office where I had to buy one postage stamp (I know, ridiculous!). Entering the office felt like a step… [Read More]
BROOKLYN HOUSING ‘AFFORDABLE’, BUT INFRASTRUCTURE IS WEAK
Posted by Leonard Steinberg on April 10th, 2014 Brooklyn continues its climb in desirability with both rent and sale prices rising consistently. Inventories have dropped to a six-year low. Brooklyn apartment rents rose to a record in March and new leases more than doubled, extending a surge in housing demand that was once seen as a… [Read More]
WHEN GOVERNMENT CAUSES PARADIGM SHIFTS
Posted by Leonard Steinberg on April8th, 2014 Perceptions are changing throughout the world, much of it instigated by large-scale government action: Switzerland was always known as the safe-haven for funds that others should not know about…….this week I heard of several extremely wealthy people avoiding bringing their assets to Switzerland because of the new widespread… [Read More]