NEW YORK HAVE’S AND HAVE-NOT’S CO-EXIST

Posted by Leonard Steinberg on August 2nd, 2013 Have you noticed how many buildings that sell very high priced apartments in Manhattan are neighbors to the projects and low income housing, yet co-exist quite perfectly? This phenomenon was highlighted a few years ago when many building in Chelsea started to get built on those blocks… [Read More]

NEW LISTING!! 26 Gramercy Park South #2A

Jewel-like PRE-WAR one bedroom apartment on Gramercy Park, Downtown’s prized semi-private park….and yes, you get a key to the park with this apartment! Fully renovated kitchen & bath, custom built-ins, gorgeous wood floors, high ceilings, flooded with light all day through oversized South-facing windows, and boasting charming tree-top views, this property oozes charm.

THE TOP 10 REASONS WHY WEST CHELSEA WILL CONTINUE TO SOAR

Posted by Leonard Steinberg on July 28th, 2013 Here are my TOP 10 reasons why West Chelsea has only seen the BEGINNINGS of an upside that will only be fully realized in roughly 7-10 years: 1)  A concentration of A-grade architecture that currently includes Jean Nouvel, Annabelle Selldorf, Frank Gehry, Neil Denari, Enrique Norten and… [Read More]

KARTRASHIAN-KANYE GOLD TOILETS: THE NEXT AMENITY?

Posted by Leonard Steinberg on July 24th, 2013 This is really important: for a couple known to be full of it, Kim Kardashian and Kanye West have spent just over $750,000 on four gold-plated toilets for their new Bel Air mansion according to semi-reliable sources. Is the gold toilet the next must-have real estate status… [Read More]

ARE FIRST-TIME HOMEBUYERS BEING ICED OUT OF THE MARKET?

Posted by Leonard Steinberg on July 23rd, 2013 The WALL STREET JOURNAL this morning addresses a concern of many: are first time homebuyers being excluded from the housing recovery? Manhattan has always been a tough place for first time homebuyers, yet depending on the expectations of these buyers, I find there is always an entry… [Read More]

DATA DISGRACE: REALLY BAD INFORMATION

Posted by Leonard Steinberg on July 21st, 2013 This month several real estate company reports were released addressing the 2nd quarter of real estate sales in New York. What astounded me (and surely many consumers) was the huge variance in the reporting. I was shocked how several real estate firms reported flat pricing even though anyone and everyone… [Read More]

ITS TOO DAMN HOT!

Posted by Leonard Steinberg on July 19th, 2013 The rent is too damn high and its too darn hot!…….seen earlier today on the streets of New York….

LESSONS FROM BANKRUPT DETROIT?

Posted by Leonard Steinberg on July 19th, 2013 Detroit filed for the largest municipal bankruptcy in U.S. history yesterday after steep population and tax base declines sent it tumbling toward insolvency. The filing by a state-appointed emergency manager means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment…. [Read More]