Posted by Leonard Steinberg on November 23rd, 2013 An article in today’s New York Times laments the tone of much of the new buildings being constructed around the City that in many ways are reminiscent of Dubai. While change is inevitable, and evolution certain, retaining the 100% character of certain neighborhoods may be arrogant……everything has to… [Read More]
DOW 16,000: THE CLIMB CONTINUES….
Posted by Leonard Steinberg on November 22nd, 2013 The DOW has gone over the 16,000 threshold again to-day: an indicator of an improving economy or a signal that we may be at a high? NO-ONE knows. Lets focus on what we do know. There are strong arguments on both sides for sure. Just finished an interview with… [Read More]
With the holidays and winter in full swing, cozy up to this fireplace after a long day!
Perched above a charming Tribeca block, close to all transportation, this superb full floor condominium loft-like apartment has it all: The key-locked elevator opens into a gracious entertaining area encompassing the front half of the floor, a full width of 50 feet with an enchanting fireplace. This south-facing, light-flooded room features a separate dining area,… [Read More]
AN EDITORIAL THAT ENCOURAGES BUILDING MORE FOR BILLIONAIRES
Posted by Leonard Steinberg on November 21st, 2013 Matthew Yglesias posted this editorial on SLATE.com and I thought you should read it: In it lies some wisdom that many should read (whether we like it or not). A billionaire might be anywhere at any time, riding away on his private jet. But for day-to-day purposes, 30… [Read More]
BERNANKE SAYS FED IS COMMITTED TO EASY POLICY LONG TERM BASED ON THE JOBS MARKET
Posted by Leonard Steinberg on November 20th, 2013 Federal Reserve Chairman Ben Bernanke said the Fed will probably hold down its target interest rate long after ending $85 billion in monthly bond buying, and possibly after unemployment falls below 6.5%. Yellen told lawmakers last week that job-market gains would arise from stronger economic growth, which was… [Read More]
Expansive river & park views with oversized windows and a sprawling 3 Bed Floorplan: 471 WASHINGTON ST, 3rd Floor
Surprisingly impressive protected views of the Hudson River and Park captivate you throughout this magnificent, modernist full floor condominium apartment that boasts 11 foot ceilings and large floor-to-ceiling windows. The key-locked elevator opens into a gracious entry: the apartment has been modified and improved from its original layout to deliver a superb large apartment with… [Read More]
Pre-War Perfection: 59 West 12th Street #11FG
In a sea of modern new construction, this elegant home recently featured in ELLE DECOR comes as a welcome relief: positioned on a high floor in one of Central Greenwich Village’s prime full service pre-war Bing & Bing Condominiums, this exquisite apartment comprises an entire peninsula on the (quiet) north side of the building with… [Read More]
MORE 421-A TAX ABATEMENT LIES
Posted by Leonard Steinberg on November 18th, 2013 Life in real estate land involves many liars and lies. It is especially bad when these lies are summarized and printed as truth by a major newspaper. THE NEW YORK POST just reported how the millionaires will pay NO real estate taxes for 10 years in super-luxury… [Read More]
THE NEW YORK MANSION TAX: WHO ARE THEY KIDDING?
Posted by Leonard Steinberg on November 17th, 2013 New York State imposes certain taxes on what elected officials describe as ‘the rich’, but in actuality many of these taxes are a war on the middle class. The “Mansion Tax” is a 1% New York State tax imposed on the purchase of residential property (condos, co-ops… [Read More]
NEW TRENDS EMERGING IN NEW DEVELOPMENT?
Posted by Leonard Steinberg on November 16th, 2013 We are beginning to see some new trends in the new development arena in New York real estate land. I am hearing of more and more ‘flippers’: developer-investors who bought development sites for good prices, now flipping them for profit, some even doing so before closing….. are… [Read More]