Posted by Leonard Steinberg of URBAN COMPASS on August 14th, 2014 The volume of New York residential construction planned over the course of the next three years keeps growing: We are now approaching $50 BILLION worth of new rental and condominium buildings. Here are some recently released statistics: Spending on residential construction will hit a new… [Read More]
147 West 22nd Street Featured on 6SFT!
Retractable Garage-Style Door Transforms This Chelsea Apartment in an Innovative Way Retractable Garage-Style Door Transforms This Chelsea Apartment in an Innovative Way
IN 'DEFENSE' OF THE ALEXANDER BROTHERS
Posted by Leonard Steinberg of URBAN COMPASS on August 7th, 2014 “In what could be a real estate record for New York City, the nation of Qatar is in contract to buy an Upper East Side townhouse for $100 million, The New York Post reported earlier this week.” This week it was revealed that the… [Read More]
BUBBLINGO!
Posted by Leonard Steinberg of Urban Compass on August 6th, 2014 Its annoying to me how some people in our industry are fueling a bubble when a bubble could easily be avoided: I am calling it BUBBLINGO…..the language that causes bubbles. One example: “So a very similar building next door to ours sold units for… [Read More]
FOOD MARKETPLACE/EATERY COMING TO WEST CHELSEA!
Posted by Leonard Steinberg of URBAN COMPASS on August 4th, 2014 Far West Chelsea residents like myself love living here, but certainly miss one component: good food. Now there is news that HUDSON MARKET is coming to 303 Tenth Avenue, a few doors down from Avenue’s School! The gourmet-style marketplace/eatery will have a mix of products and… [Read More]
ZILLOW AND TRULIA MERGER: THE END OF THE BROKER?
Posted by Leonard Steinberg of URBAN COMPASS, August 2nd, 2014 Zillow will be buying out Trulia and their combined might in the real estate world has sent shudders down the spines of real estate brokers everywhere: will this machine replace brokers just the way travel agents were made virtually extinct? Hardly. The bulk of Zillow… [Read More]
NEW LISTING! 120 Eleventh Ave PH6/7B
120 ELEVENTH AVENUE – THE PENTHOUSE Perched atop this historically significant loft building, the Lifesaver Lofts, in the heart of West Chelsea, nestled amongst the world’s leading art galleries, alongside the landmark David Zwirner Gallery across from Chelsea Piers, this spectacular penthouse reveals itself gradually once… [Read More]
URBAN COMPASS ON BLOOMBERG TODAY
Posted by Leonard Steinberg on July 28th, 2014 Robert Reffkin, co-founder of URBAN COMPASS on BLOOMBERG TV this morning: http://www.bloomberg.com/video/urban-compass-raises-40-million-wQX3TpTYRNS~IIv1G8JFwg.html
A TALE OF TWO REAL ESTATE MARKETS
Posted by Leonard Steinberg of URBAN COMPASS on July 25th, 2014 The entire USA real estate market is revealing a trend that we have witnessed in New York for some time now: brand newly constructed properties are selling for a significant premium over re-sale existing homes. The pricing variable is large. The supply is not… [Read More]
DOES HONG KONG MAKE NEW YORK SEEM CHEAP?
Posted by Leonard Steinberg of URBAN COMPASS on July 23rd, 2014 Pricing in Hong Kong remains high, with some penthouse apartments selling for over $ 14,000/sf. Buyers from Hong Kong should look at the pricing of the mega-towers of the 57th Street corridor and consider them relatively good buys…..but are there enough Hong Kong buyers… [Read More]