Posted by Leonard Steinberg on October 24th, 2013 I went to a fundraiser for New York mayoral candidate Bill de Blasio last night in a very fancy Upper East Side townhouse full of (mostly)Republican real estate big-wigs….wow, what a crowd! Hearing de Blasio speak was heartening in some ways as he seems to geniuniely care… [Read More]
DOLLAR SLIDES: WILL IT ATTRACT MORE FOREIGN BUYERS?
Posted by Leonard Steinberg on October 23rd, 2013 The dollar is hovering around 1.38 Euro’s, about 8% lower than a year ago: will this encourage even more foreign buyers?
10 Things, Besides Location, Luxury Real Estate Buyers Should Obsess Over:
http://www.forbes.com/sites/vanessagrout/2013/10/23/10-things-besides-location-luxury-real-estate-buyers-should-obsess-over/
THE BORGATA, ATLANTIC CITY: ESCAPE FROM THE DARKNESS
Posted by Leonard Steinberg on October 22nd, 2013 I just returned from Atlantic City after a 20-hour visit for a Douglas Elliman conference where Kevin Spacey thrilled the audience with a speech about his re-invention that was truly inspiring…..smart, witty, informative, clever! Equally inspiring was escaping the confines of the BORGATA: I recall walking miles… [Read More]
150 CHARLES CONTINUES GROWING
Posted by Leonard Steinberg on October 21st, 2013 150 Charles Street, the CookFox-designed, Witkoff-developed condominium in the West Village that achieved the largest, fastest sell-out in history ($3/4 BILLION in 3 months!)keeps growing….
OLDER (RICH) NEW YORK LUXURY REAL ESTATE BUYERS
Posted by Leonard Steinberg on October 21st, 2013 Increasingly I am finding older buyers entering the Manhattan luxury market. They are not necessarily ‘old’ but they are a lot older than the developers, buildings, apartments and brokers catering to buyers. Every time a developer asks me about what demographics to expect for a building their… [Read More]
THE INVESTOR VISA PROGRAM DRAWS FOREIGN BUYERS TO NEW YORK
Posted by Leonard Steinberg on October 19th, 2013 KNIGHT FRANK recently ranked the most tax-friendly cities in the world to evaluate their quality of life (and cost)….New York did not make the list! We are reminded of our super-high real estate taxes every time a foreign buyer asks about monthly carrying costs when buying in… [Read More]
DEAR "MAYOR" DE BLASIO: PLEASE GET THIS HOUSING THING RIGHT!
Posted by Leonard Steinberg on October 19th, 2013 Its almost a certainty that New York’s next mayor will be Bill de Blasio who has been very vocal about the need for more affordable housing. He is correct, and just like Mayor Bloomberg has added more than 156,000 units in his 12 years, very close to… [Read More]
UMA THURMAN BUYS AT RIVERHOUSE
Posted by Leonard Steinberg on October 16th, 2013 Uma Thurman is buying an apartment at iconic Riverhouse. The gossip rags are aflutter over this purchase, but from a real estate perspective this is a VERY important sale that every co-op in Manhattan should look at closely. Several months ago I reported how this co-op’s board… [Read More]
THE $500 MILLION (HALF BILLION!) HOUSE
Posted by Leonard Steinberg on October 14th 2013 Is this the most expensive residential property ever? At $500 million it makes La Leopoldo, One 57 or Tour Odeon seem like a good buy. Then again, the price equates to roughly $ 7,462/sf which is not that bad on the BILLIONAIRE-HOME -INDEX. The mansion at Carlton… [Read More]