HOW MUCH ELECTRICITY DOES NEW YORK USE?

Posted by Leonard Steinberg on April 23rd, 2012 New York City uses 11, 000 Megawatt-hours of electricity on average each day. One megawatt represents the amount need to power 100 homes! (1 Megawatt = 1,000 KiloWatt = 1,000,000 Watt….. So New York uses 11 Billion Watt-hours per day…..now cover those rooftops with Solar!

100 ELEVENTH AVENUE JEAN NOUVEL PENTHOUSE CLOSES

Posted by Leonard Steinberg on April 23rd, 2012 The 4,675 sf Jean Nouvel penthouse at 100 11th Ave. staged by Aimee Scher has closed for $ 19,4m ($ 4,149/sf). That’s 1/3 the price per square foot of 15 Central Park West’s penthouse making it a relative bargain. With 4,412sf of terraces and unrivalled views: West Chelsea continues… [Read More]

145 HUDSON TRIBECA PENTHOUSE COMING BACK TO THE MARKET

Posted by Leonard Steinberg on April 21st, 2012 The 7,000sf+ penthouse at 145 Hudson Street (Sky Lofts) in New York’s prized downtown neighborhood Tribeca has returned to the market for $ 48million, or $ 6,400/sf: Is this showplace worth that much more than the penthouses of Superior Ink, 200 Eleventh Ave. and 100 Eleventh Ave,… [Read More]

FIVE BASIC THINGS ALL BUILDINGS MUST DO

Posted by Leonard Steinberg on April 21st, 2012 As a large swath of very beautifully designed buildings head our way in New York City, a result of the re-awakening of new development construction that was dormant for several years, I want all ‘older/existing’ co-op’s and condo’s to acknowledge that soon they could be viewed as… [Read More]

COVER NEW YORK ROOFTOPS WITH SOLAR FARMS?

Posted by Leonard Steinberg on April 18th, 2012 With 900+ million sq. ft. of rooftops in New York City, why not cover them all with solar panels now that they are cheaper? (The largest manufacturer of panels, First Solar just cut 1/3 of its workforce.) That’s approx. 80 TRILLION Watts of energy per day…..directly above… [Read More]

HOUSING STARTS DOWN, BUT HOUSING BUILDING PERMITS UP…

Posted by Leonard Steinberg on April 17th, 2012 Housing starts dropped in March, but building permits rose quite sharply by 4,5%. This factor is mirrored by the vast number of new properties planned for Manhattan (and many have financing too). Home Depot stock (a good indicator too)has soared too. The economy’s sleeping giant (housing) has… [Read More]

SOME TRUTH ABOUT TAXES

Posted by Leonard Steinberg on April 16th, 2012 As politicians blabber about the Buffet Rule and taxation fairness, I thought a recent Wall Street Journal article outlined the ‘non-soundbite’ version of what is really going on tax-wise in the USA. The only conclusion I can draw is that the system is much too complicated. Here are… [Read More]

NEW YORK TIMES COVERS STRONG REAL ESTATE MARKET

Posted by Leonard Steinberg on April 14th, 2012 After we reported for several months on the extremely busy New York real estate market, this morning the New York Times featured this story…..on the front cover!  You know it serious if its on the front cover…. They talked about the lines of people outside 422 West 20th… [Read More]

THE BUCKS FROM BRAZIL

Posted by Leonard Steinberg on Friday, April 13th, 2012 Brazil is revising its currency laws to allow more money to flow out of the country. The strength of the Brazillian economy which is the only energy self-sufficient country also has one of the fastest-growing middle classes on the planet. A strong and stable currency, coupled with a… [Read More]