Posted on May 13th 2013 I loved this lady at the FRIEZE 2013 art show this weekend in New York on Randall’s Island: she stood in sharp contrast to all those uber-haute-culture-fashionistas in their daunting black ensembles, profound accessories, carefully placed tattoos, statement jewelry, abstract expressionistic hairstyles and seriously framed glasses. I vote for this… [Read More]
A WORLD RECORD FOR NEW DEVELOPMENT SALES AT 150 CHARLES STREET?
Posted by Leonard Steinberg on May 13th, 2013 Is it possible that sales at 150 CHARLES STREET are breaking a world record? After reaching the 3 month date on the calendar this weekend (February 11th, 2013 being the day we started sending out contracts) we are now in contract for almost $750 million worth of… [Read More]
DO YOU KNOW WHAT YOUR NEIGHBORS ARE UP TO?
Posted by Leonard Steinberg on May 9th, 2013 The horrific details of the kidnapped ladies in Cleveland are being revealed, and I am not sure what is more horrifying: the details of this crazed sadistic monster’s actions or the fact that for over a DECADE none of the neighbors had any clue there were captives… [Read More]
HEALTH CARE ROBBERY – THE MASS FRAUD/CORRUPTION THATS SIMILAR TO OUR REAL ESTATE TAX PROBLEM?
Posted by Leonard Steinberg on May 8th, 2013 I have repeatedly griped about the huge (un-constitutional)disparity in the way real estate taxes are assessed in New York: the range is often so large between very simlar properties that it would be laughable if it were not that sad. The system is driven politically, and this… [Read More]
WILL THERE BE ENOUGH SUPER-HIGH-END RENTERS?
Posted by Leonard Steinberg on May 8th 2013 Many of the very successful new buildings being sold right now in New York can attribute a chunk of their success to investor buyers: these are the buyers who plan to either re-sell or rent the units they are buying upon completion of these building which should… [Read More]
NEW STEINWAY HALL TOWER COMING TO 57th STREET, THE CENTER OF THE 'POWER TOWER'
Posted by Leonard Steinberg on May 7th, 2013 It’s music to New York’s explosive new developments market: Steinway Hall has been purchased by its next door neighbor who plans to build another super-swanky condominium tower. What was once considered a mediocre block at best on New York’s 57th Street, where the two tallest condominium towers in… [Read More]
GOING AFTER THE BANKSTERS? IS THE ENTITLEMENTS BUBBLE THE NEXT BUBBLE?
Posted by Leonard Steinberg on May 6th, 2013 Do you remember the housing bubble of 2008? It appears many have forgotten it already in this heated market. Most of those banksters guilty of robbing us blind escaped any form of punishment. The government failed in its roll to protect the consumer. Is there now a… [Read More]
BE CERTAIN OF MANHATTAN INFLATION…..VERY CERTAIN. (AND NO, ITS NOT 2%!)
Posted by Leonard Steinberg on May 3rd, 2013 The one thing that almost guarantees that real estate will continue its upward pricing trend is the fact that big city inflation is quite different from the rest of the country’s (I believe artificially deflated) inflation figures. Did cab fares go down during the recession? Food prices?… [Read More]
LUKOIL SITE ON TENTH AVENUE SELLS
Posted by Leonard Steinberg on May 1st, 2013 The illustrious LUKOIL site at 239 Tenth Avenue at the corner of 24th Street in the heart of the West Chelsea Arts District has supposedly gone to contract after multiple bids…..and it appears the price was several million dollars over the asking of $ 18,95million. The site… [Read More]
NEW YORK'S ON-GOING $88 MILLION QUESTION
Posted by Leonard Steinberg on April 28th, 2013 With a slew of listings above the $50 million mark cropping up in the Manhattan real estate market, Sellers repeatedly refer back to the $ 88million sale of the penthouse at 15 Central Park West and the elusive Russian/Asian/SouthAmerican billionaire has become the most desired demographic for… [Read More]