Posted by Leonard Steinberg on November 7th, 2013 The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation that has sparked fears the euro zone’s economic recovery could stall. Is this a move as a result of too much government spending and over-taxing? Were taxes raised… [Read More]
LANDSLIDE VICTORY MANDATE?
Posted by Leonard Steinberg on November 6th, 2013 Mayor-elect Bill de Blasio is talking today about how the City has given him a mandate to push his agenda forward because of his impressive winning margins. This may be so on the surface, but further analysis proves otherwise. So, Mayor-elect Mr. de Blasio, please consider the… [Read More]
MAYOR-ELECT DE BLASIO AND TAXES: THE REALITY?
Posted by Leonard Steinberg on November 6th, 2013 Its official: Bill de Blasio is the mayor-elect of New York City. Getting elected was relatively easy, but now its down to work. He is smart enough to know that botching Bloomberg’s successes will almost certainly lead to a fiscal mess and prevent the very things that… [Read More]
TROPHY SOHO PENTHOUSE LOFT: 383 WEST BROADWAY
Never before has a penthouse loft come to the market that combines indoor and outdoor living, the very essence of Soho, with the architectural proportions, natural light and unprecedented level of finishes and features as this magnificent home. Designed by Piero Manara & Debla Manara-Berger of Casamanara in direct collaboration with the owner, this unique… [Read More]
HUGE TAX REDUCTION COMING FOR THE HOLIDAYS! IS OPEC THE FED?
Posted by Leonard Steinberg on November 4th, 2013 On Good Morning America this morning a big news item was about gas prices plummeting, closer to $ 3/gallon. When the correspondent was asked why, the answer was somewhat disturbing to me…. she said it was because the economy was not doing that well and this would be… [Read More]
NEW YORK REAL ESTATE TAX MESS EXAMPLES
Posted by Leonard Steinberg on November 4th, 2013 This week’s Olshan Report showcases 23 properties that went to contract in the past week over $ 4million….including a 2013 record for the penthouse at 212 West 18th Street. While the pricing of these properties may be impressive, what is even more so is the huge disparity… [Read More]
2013 AVERAGE WALL STREET BONUSES TOBE 20% LOWER?
Posted by Leonard Steinberg on November 3rd, 2013 The New York Post reports that Wall Street bonuses could be about 20% lower this year……many are celebrating this news, yet we should all be concerned: if Wall Street bonuses are lower, its very probable that New York city and state taxes collected will be lower too…. [Read More]
NEW YORK TIMES ARTICLE
BIG CITY Reconsidering View of de Blasio as Threat to the Wealthy Christian Hansen for The New York Times One57, center, is a sign of the embrace of New York by the wealthy, who some opponents suggest would be driven off by a de Blasio administration. By GINIA BELLAFANTE Every month, Leonard Steinberg, a leading broker at… [Read More]
LUXURYLETTER IN TODAYS NEW YORK TIMES!
Posted by Leonard Steinberg on November 3rd, 2013 LUXURYLETTER De Blasio editorial in this morning’s New York Times: http://www.nytimes.com/2013/11/03/nyregion/reconsidering-view-of-de-blasio-as-threat-to-the-wealthy.html
NEW LISTING! 23 East 22nd St #18B
The ONLY two-bedroom residence available at One Madison Park. Unit 18B Soaring high above Madison Square Park, surrounded by expansive floor-to-ceiling glass curtain walls, this half-floor, corner residence offers striking views all day and night from North, East, South and West exposures. The stunning, triple mint 1,962sf residence is located in the spectacular One Madison Park… [Read More]