Posted by Leonard Steinberg on February 9th, 2013 We just started marketing 150 CHARLES STREET, and to say the response to the building is overwhelming would be a complete under-statement: I am stunned that there are so many buyers with so much money anxious to commit to a floorplan and renderings and wait over 2… [Read More]
NO DOWNPAYMENT MORTGAGES – THEY'RE BRINGING STUPID BACK?
Posted by Leonard Steinberg on February 6th, 2013 Is the stupidity that helped cause the previous recession returning? It appears so, although this time no downpayment mortgages will initially only be available to the wealthy. It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. But Banks say these loans… [Read More]
CAN UNREGULATED GROWTH KILL?
Posted by Leonard Steinberg on January 4th, 2013 While we tend to complain about the quality of air in New York, many things are being done that are truly effective in reducing harmful emissions. Aside from the electric hybrid busses, converting building boilers away from that black smoke belching oil, hybrid government vehicles, etc some… [Read More]
WATER MAIN BURSTS AT MADISON SQUARE PARK: GLOBAL WARMING?
Posted by Leonard Steinberg on February 1st, 2013 A Water main has burst at the intersection of Fifth Avenue and Broadway in front of EATALY and Madison Square Park. There is no N, R, or Q subway service at this time between Whitehall Street station and 57th Street station, at Seventh Avenue. The 36 inch… [Read More]
NEW LISTING: 519 WEST 23rd ST, PHB
519 W 23rd St. Condo, 519 West 23rd Street, PENTHOUSE – Chelsea The best priced Penthouse in Chelsea! This 3 bedroom, 2.5 bathroom sponsor-owned modernist triplex home features a private elevator entrance, 13ft ceilings, and floor-to-ceiling windows showcasing expansive views to the north and south, including amazing views of the High Line Park. State-of-the-art living… [Read More]
NEW YORK MAGNOLIA-BAKERY-STYLE OPEN HOUSE MASSES
Posted by Leonard Steinberg on January 28th, 2013 Have you ever seen the droves of people lined up to buy one of those horrifically sugary cupcakes at Magnolia Bakery? Well, a similar phenomena is happening in Manhattan at open houses where the volume of buyers is truly remarkable at all price points. Over 70 buyers… [Read More]
CAN GOVERNMENT LEARN FROM THE US CONSUMER ABOUT DEBT REDUCTION?
Posted by Leonard Steinberg on January 26th, 2013 The question keeps getting asked: why is the New York real estate market so incredibly strong this month (and the past few months too)? Yes, mortgage rates are very low, the wealthy are doing well and have more confidence, the election circus is behind us, the optimism… [Read More]
DAVOS REVEALS 2012 WAS A GREAT YEAR FOR BILLIONAIRES: BUT A HOMELESS BILLIONAIRE?
Posted by Leonard Steinberg on January 23rd, 2013 While about 75 of the world’s billionaires begin to approach DAVOS for the annual conference of the super-rich, we are reminded of how well billionaires fared in 2012, regardless of all the political naysayers who claimed the future of the rich and all things good economically were… [Read More]
NEW LISTING! 75 BANK ST #5Q
Sex and The City comes to life in this prime West Village jewel box studio, located in the Art Deco chic Abingdon Court, a full service luxury doorman building. Neighbors Marc Jacobs, Magnolia Bakery, Ralph Lauren, Cafe Cluny, The Waverly Inn & Bruno Cucinelli all complete the dream lifestyle becoming reality, as quaint, tree-lined Bank… [Read More]
AFFORDABLE MICRO-APARTMENTS BECOMING REALITY?
Posted by Leonard Steinberg on January 22nd, 2013 As New York real estate becomes less and less affordable for most, the City is announcing today the winner of its “micro-apartment” contest, which challenged architects to create affordable homes for single New Yorkers — some as small as 250 square feet. The Museum of the City of… [Read More]