Posted by Leonard Steinberg on January 2nd, 2014 Has the air above a building become as valuable or even more valuable than the land it is built on? It appears so…. Transferable air rights have soared in price to $500 a square foot, making them worth more than the dirt below. Donald Trump made buying air… [Read More]
LUXURYLOFT TEAM CLOSES LARGEST SALE OF 2013 IN NEW YORK.
Posted by Leonard Steinberg on December 28th, 2013 Congratulations again to my LUXURYLOFT team: The New York Times announced this morning that our $ 43million sale at 144 Duane Street was the largest closed transaction of 2013 in New York City. An especially big congratulations to Yoko Sanada who made it all possible. Here is… [Read More]
CONTINUUM TOWER FOR FLATIRON/MADISON PARK?
Posted on December 24th, 2013 On the heels of One Madison Park’s enormous success (Yoko Sanada on our team is currently selling a unit there), is more news about developer Ian Bruce Eichner’s planned neighbor, 41 East 22nd Street….possibly the first New York Continuum? Eichner had great success with the Continuum Towers in Miami that… [Read More]
CAPE TOWN: WORLD DESIGN CAPITAL 2014
Posted by Leonard Steinberg on December 23rd, 2013 I am visiting my hometown, Cape Town, South Africa, which has been designated the World Design Capital for 2014. Cape Town is a melting pot of design influences from Europe, Africa and the Far East, in a city known for it hugely diverse cultural mix. These influences… [Read More]
HUGE REAL ESTATE TAX REVENUE INCREASES PAY NEW YORK'S BILLS
Posted by Leonard Steinberg on December 21st, 2013 As Mayor-elect BIll de Blasio and his fans decry the evils of the real estate market, I have to be certain that a recent Budget office report addressing the vast revenues generated by the real estate markets must be an eye-opener. Here are some interesting facts that… [Read More]
JUST IN CASE THERESA GIUDUCE WINS THE MEGA-MILLIONS LOTTERY.
Posted by Leonard Steinberg on December 16th, 2013 12 East 69th Street was just listed for $ 114 million……oops, and $ 77,000.00….who came up with that price? Did they forget a faucet in their calculations and just tag it on at the end? The $ 100m+ New York real estate listing has become quite fashionable,… [Read More]
TODAY I FEEL AFRICAN-AMERICAN
Posted by Leonard Steinberg on December 15th, 2013 I immigrated to the USA about 29 years ago, and I am a US citizen now (which makes me African-American I guess), but today I feel very African with the burial of Nelson Mandela. Today I fully understand why so many immigrants, regardless of how long they have… [Read More]
CRAZY CONTRADICTIONS
Posted by Leonard Steinberg on December 14th, 2013 Today is indeed a day of ironies and contradictions: We learned that Desmond Tutu was snubbed from the Mandela funeral for being possibly the only true un-biased, genuinely honest critic of all things bad, including both the disgraceful Apartheid regime as well as the equally corrupted ANC… [Read More]
TALE-OF-2-REAL-ESTATE-TAX-CITIES: DE BLASIO TO GRACIE MANSION
Posted by Leonard Steinberg on December 12th, 2013 Some are chattering with disdain at the recent announcement that Mayor-elect Bill de Blasio will be moving into Gracie Mansion from his home in Park Slope: While the mansion is certainly beautiful, 12 years ago its possible that some would have thought Mike Bloomberg chose not to… [Read More]
Start your new year in this charming Greenwich Village studio with open views over townhouse gardens!
This charming L-shaped studio apartment located in a full service condominium building directly across the street from Greenwich Lane, the super-luxe new Rudin-developed building, offers a well proportioned space with very good light and highly appealing East exposures over townhouse gardens. The kitchen and bathroom have been updated. This has to be the most convenient… [Read More]