$80 MILLION CO-OP PRICING RECORD SET IN NEW YORK

Posted by Leonard Steinberg of URBAN COMPASS on October 21st, 2014 A new pricing record has been broken in New York: For the first time ever a co-op located at 834 Fifth Avenue has been sold for $80 million. The buyer is the quintessential Russian Billionaire Len Blavatnik.  834 Fifth Avenue is widely regarded as… [Read More]

WORDS OF THE REALLY RICH

Posted by Leonard Steinberg of URBAN COMPASS on October 18th, 2014 There is rich and then there is REALLY rich: As a New York real estate broker I often get lost in this micro-world of what is completely removed from the ‘real’ world, and I try to see the humor in it all. Yes, the… [Read More]

OIL PRICE DELIVERS SOME GOOD NEWS

Posted by Leonard Steinberg of URBAN COMPASS on October 16th, 2014 Wall Street is lamenting lower oil prices, yet this delivers some great news for consumers: the average American consumes about 35 gallons of gas per week, or 140 gallons per month. If gas prices are down about 50 cent per gallon on average since… [Read More]

SOHO ARTIST’S LIVE IN THE RICHEST ZIP CODE IN NEW YORK/USA?

Posted by Leonard Steinberg of URBAN COMPASS on October 9th, 2014 Are Soho artists living in the third most expensive zip code in the USA? It appears so…..The median price for a home in Soho is $6 million yet the City still keeps Soho in the grasp of an antiquated zoning law called A.I.R, or… [Read More]

OBAMA FUNDRAISER TO WREAK HAVOC ON WEST CHELSEA?

Posted on October 6th, 2014 by Leonard Steinberg Presidents of both parties have to visit big cities for official business. But surely the President does not have to visit New York tomorrow, the second time within a month, for a FUNDRAISER, thereby blocking off traffic, making navigating the West Chelsea area a total and thorough… [Read More]

Glassy penthouse at Tribeca’s 7 Harrison hits the market for $25M

  Introducing The Penthouse at Seven Harrison, a striking turn-of-the-century building now re-imagined by Architectural Digest 100 architect Steven Harris. Located at the corner of Harrison and Staple Streets in the center of historic Tribeca, Seven Harrison features just twelve three-and four-bedroom residences, including this sumptuously landscaped duplex penthouse, a splendid rooftop oasis measuring over… [Read More]

STUPIDONOMICS: NEW YORK PIED-A-TERRE TAX IS SIMPLY STUPID

Posted by Leonard Steinberg on September 24th, 2014 Imposing a PIED A TERRE tax on New York luxury apartments is probably one of the worst economic proposals to raise tax revenue I have ever heard of. The tax of up to 4% annually would be applied to all apartments and homes with a current market value… [Read More]