Posted by Leonard Steinberg on November 4th, 2013 This week’s Olshan Report showcases 23 properties that went to contract in the past week over $ 4million….including a 2013 record for the penthouse at 212 West 18th Street. While the pricing of these properties may be impressive, what is even more so is the huge disparity… [Read More]
2013 AVERAGE WALL STREET BONUSES TOBE 20% LOWER?
Posted by Leonard Steinberg on November 3rd, 2013 The New York Post reports that Wall Street bonuses could be about 20% lower this year……many are celebrating this news, yet we should all be concerned: if Wall Street bonuses are lower, its very probable that New York city and state taxes collected will be lower too…. [Read More]
NEW YORK TIMES ARTICLE
BIG CITY Reconsidering View of de Blasio as Threat to the Wealthy Christian Hansen for The New York Times One57, center, is a sign of the embrace of New York by the wealthy, who some opponents suggest would be driven off by a de Blasio administration. By GINIA BELLAFANTE Every month, Leonard Steinberg, a leading broker at… [Read More]
LUXURYLETTER IN TODAYS NEW YORK TIMES!
Posted by Leonard Steinberg on November 3rd, 2013 LUXURYLETTER De Blasio editorial in this morning’s New York Times: http://www.nytimes.com/2013/11/03/nyregion/reconsidering-view-of-de-blasio-as-threat-to-the-wealthy.html
NEW LISTING! 23 East 22nd St #18B
The ONLY two-bedroom residence available at One Madison Park. Unit 18B Soaring high above Madison Square Park, surrounded by expansive floor-to-ceiling glass curtain walls, this half-floor, corner residence offers striking views all day and night from North, East, South and West exposures. The stunning, triple mint 1,962sf residence is located in the spectacular One Madison Park… [Read More]
FLOOD WALLS: AN EXCELLENT MEASURE AGAINST FUTURE STORMS
Posted by Leonard Steinberg on October 30th, 2013 After Sandy, many buildings decided that as part of their preparedness for future flood damage they would install flood walls: well, here is one being erected in Manhattan as a test showing just how large and strong these walls really are. These massive barriers are designed to… [Read More]
LUXOFLATION HITS HONG KONG: LUXURY REAL ESTATE PRICES ESTIMATED TO DROP 25%
Posted by Leonard Steinberg on October 28th, 2013 Hong Kong is seeing signs of the effects of what I call LUXOFLATION…..the inflated inflation of pricing on the very high end of the real estate market. The frenzy to buy real estate in Hong Kong is significantly more crazy than Manhattan’s recent flurry of activity: A new… [Read More]
MASS SURVEILLANCE: MASS STUPIDITY?
Posted by Leonard Steinberg on October 26th, 2013 The world is AGHAST at the revelations that the US has been monitoring phone calls and e-mails across the globe, as if spying and intelligence gathering were something very new to our planet. The Germans (with their deep history of isolation?)are especially perturbed about this subject: really???… [Read More]
THE HIGH END TEAR-DOWN
Posted by Leonard Steinberg on October 27th, 2013 A report released recently shows that many houses in the Hampton’s are being torn down again to be replaced by much larger ones, fueled by a very strong high end market. I have often heard buyers of old dilapidated houses wishing they had torn down the old… [Read More]
MULTIPLE BIDS FOR WEST VILLAGE APARTMENT
Posted on October 26th, 2013 A rather nice apartment with a large terrace located at 99 Jane Street, designed originally by CookFox architects to be a rental building, came on the market last week for $8 million. By the end of the week, a contract was signed after multiple bids for shy of $10 million……about 25% over the asking… [Read More]