Posted by Leonard Steinberg on January 18, 2011 Co-op and condo owners are slated to pay much higher real estate taxes next year, under a preliminary assessment roll released on Friday by the Bloomberg administration. The city attributed the rises, due to take effect in July 2011, to higher market values placed on apartment buildings… [Read More]
WHAT HAS HAPPENED TO CREDIBILITY? ARE ALL THESE ADVISORS QUALIFIED?
Posted by Leonard Steinberg on Januaryt 16, 2011 Ashlee Dupree, Elliot Spitzer’s fling-thing gives relationship advice in the New York Post. Reverend Al Sharpton speaks on MEET THE PRESS these days about keeping civil tones in political discussion. Reality TV shows show us the ‘reality’ of life in all its forms from fashion to cooking… [Read More]
AVENUES SCHOOL COMES TO WEST CHELSEA
Posted by Leonard Steinberg on January 13, 2011. ‘Avenues: The World School’ a brand new private school is coming to Chelsea, New York, accomodating 1,600 pre-K through 12th grade students, reliable sources have confirmed… The school will be located in an existing warehouse building that used to house the sets for ABC-TV soaps at 259 Tenth… [Read More]
THE NEW DEVELOPMENT RETURNS TO NEW YORK: A GIANT AWAKENS
Posted by Leonard Steinberg on January 13, 2011 After a 2 year hiatus, ‘New Development’, the darling of Manhattan high end real estate is coming back with a vengeance! We hear new buildings such as the Extell’s Park Hyatt building, Harry Macklowe’s Park Avenue tower, 250 West Street, the Rudin’s St.VIncent building are all moving… [Read More]
BUYING FROM FLOORPLANS: ARE THEY READY?
Posted by Leonard Steinberg on January 12, 2011 After 2008 showing prospective buyers of luxury property just the floorplans of a condominium with a model kitchen and bathroom virtually ceased. As construction and new projects ground to a halt in New York, the ‘new normal’ was all about showing a completed, furnished (staged) apartment to… [Read More]
OIL/INTERNET TYCOON-CARRIER? WATCH OUT INTREPID!
Posted by Leonard Steinberg on January 10, 2011 INSANE? The photo you above is just a mockup. But even with something just dreamed up in the mind of some crazed super yacht designer, you have to admit that it looks disturbingly appealing, in a Dubai-meets-Donald gawdy kind of way….. This creation is called “The Streets of… [Read More]
MANHATTAN COMMERCIAL REAL ESTATE LOOKS STRONG
Posted by Leonard Steinberg on January 8, 2011 Robert Knakal of Massey Knakal, a leading brokerage for smaller commercial buildings, just reported that Commercial real estate market conditions continue to exert upward pressure on value as an acute supply/demand imbalance leaves thousand of active buyers fighting over relatively few available properties. Coupled with an extraordinarily… [Read More]
NAPLES OR NEW YORK? A DISGRACE!
Posted by Leonard Steinberg on January 4, 2011 So this is what we pay those exorbitant real estate taxes for…..are you kidding me? New York has the highest taxes in all of the USA, and yet our Sanitation Department cannot pick up the trash TEN DAYS after the big snowstorm? This is an atrocity, that… [Read More]
LUXURYLETTER REPORTS ON 2010 END OF YEAR SALES RESULTS.
Posted on January 3, 2011 by Leonard Steinberg Downtown closed out 2010 with a bang: The volume of $ 5million+ signed contracts and closings was somewhat astounding, further re-enforcing the theory that the highest end of real estate in Downtown Manhattan is literally booming. Now we can officially say that the market has returned once… [Read More]
THE DINING ROOM FINDS NEW LIFE
Posted by Leonard Steinberg on December 31st, 2010 Yesterday’s Wall Street Journal had an interesting article on alternative uses for the traditional dining room. As a broker I consistently hear the story of ‘the un-used dining room’…..its a story how everyone buying a home dreams of lavish dinner parties in their dining room surrounded by… [Read More]