Surprisingly impressive protected views of the Hudson River and Park captivate you throughout this magnificent, modernist full floor condominium apartment that boasts 11 foot ceilings and large floor-to-ceiling windows. The key-locked elevator opens into a gracious entry: the apartment has been modified and improved from its original layout to deliver a superb large apartment with… [Read More]
Pre-War Perfection: 59 West 12th Street #11FG
In a sea of modern new construction, this elegant home recently featured in ELLE DECOR comes as a welcome relief: positioned on a high floor in one of Central Greenwich Village’s prime full service pre-war Bing & Bing Condominiums, this exquisite apartment comprises an entire peninsula on the (quiet) north side of the building with… [Read More]
MORE 421-A TAX ABATEMENT LIES
Posted by Leonard Steinberg on November 18th, 2013 Life in real estate land involves many liars and lies. It is especially bad when these lies are summarized and printed as truth by a major newspaper. THE NEW YORK POST just reported how the millionaires will pay NO real estate taxes for 10 years in super-luxury… [Read More]
THE NEW YORK MANSION TAX: WHO ARE THEY KIDDING?
Posted by Leonard Steinberg on November 17th, 2013 New York State imposes certain taxes on what elected officials describe as ‘the rich’, but in actuality many of these taxes are a war on the middle class. The “Mansion Tax” is a 1% New York State tax imposed on the purchase of residential property (condos, co-ops… [Read More]
NEW TRENDS EMERGING IN NEW DEVELOPMENT?
Posted by Leonard Steinberg on November 16th, 2013 We are beginning to see some new trends in the new development arena in New York real estate land. I am hearing of more and more ‘flippers’: developer-investors who bought development sites for good prices, now flipping them for profit, some even doing so before closing….. are… [Read More]
MORE CABS COMING TO NEW YORK, BUT….
Posted by Leonard Steinberg on November 15th,2013 About 200 more cabs will hit the New York streets after an auction yesterday for new medallions, the first since 2008. Bidders, restricted to medallions for wheelchair-accessible vehicles, offered as much as $1.26 million for a single placard, which permits the holder to operate one of the city’s 13,000… [Read More]
WHAT YELLEN SAYS TODAY MATTERS
Posted by Leonard Steinberg on november 14th, 2013 Janet Yellen, the President’s nominee to lead the U.S. Federal Reserve, will defend today the central bank’s aggressive monetary easing before a Senate panel that includes many tough Republican critics who believe the volume of money-printing to be excessive. Yellen is likely to remain vague on future Fed actions…. [Read More]
DE BLASIO LUXURY CONDOMINIUM TAX REVENUE WINDFALL
Posted by Leonard Steinberg on November 13th, 2013 Mayor-elect Bill de Blasio may be thanking the creators and buyers of luxury condominiums soon: Over the next 24 months, the City and State of New York stands to collect close to a half a billion dollars in taxes from the construction and delivery of roughly… [Read More]
MORE LUXOFLATION: FRANCIS BACON WORK SETS NEW RECORD AT AUCTION
Posted by Leonard Steinberg on November 13th, 2013 While real estate pricing continues to set new records weekly, the art world is mirroring the phenomenon we call LUXOFLATION, the significantly elevated levels of inflation that we are seeing on luxury products from collector cars, to art, to Manhattan apartments. Last night a work by the late… [Read More]
NEW YORK OBSERVER GUEST EDITORIAL
Posted on November 12th, 2013 Click here to read the NEW YORK OBSERVER ‘GUEST EDITORIAL‘ on why Leonard Steinberg supported Mayor-elect Bill de Blasio: Here it is….. http://observer.com/2013/11/bill-de-blasio-the-mayor-of-fairness/