Posted by Leonard Steinberg on September 27th, 2013 Mayor Bloomberg’s concerted efforts to make New York a healthier environment for all has paid off: New York’s air is cleaner now than in 50 years, and ranks 4th for clean air in a large City in the USA. Much of this is credited to the termination… [Read More]
DEAR MR. DE BLASIO: WHY ARE BROOKLYN’S REAL ESTATE TAXES SO MUCH LOWER THAN MANHATTAN’S?
Posted by Leonard Steinberg on September 26th, 2013 With Brooklyn pricing on the rise (Dumbo and Brooklyn heights are now two of the costliest New york neighborhoods), and Brooklyn’s infrastructure looking awfully similar to Manhattan’s (and in many areas much better), why are their real estate taxes so much lower than Manhattan’s? Is Bill de… [Read More]
NORMAN FOSTER’S 551 WEST 21ST STREET/150 ELEVENTH AVENUE ARRIVES
Posted by Leonard Steinberg on September 25th, 2013 Mega-architect Norman Foster and developer Scott Resnick’s new building at the corner of Eleventh Avenue and 21st Street in West Chelsea has come to market, now known as 551 West 21st Street. The 250ft tower across from Chelsea Piers and the Hudson River Park with its gracious… [Read More]
$50 MILLION TRUMP SOHO PENTHOUSE LISTED BY DOLLY LENZ
Posted by Leonard Steinberg on September 25th, 2013 As a follow up to last night’s BLURB, take note of another mega-priced listing: the presidential penthouse of the Trump Soho New York just hit the market for a whopping $50 million. The 10,000-square-foot (Maybe $ 5,000/sf is cheap compared to its competition?), customizable spot that’s being listed… [Read More]
THE $35 MILLION+ BUBBLICIOUS QUESTION
Posted by Leonard Steinberg on September 24th, 2013 Several listings have come to the New York real estate market above $35 million in the past few days, and several more are out there, although not officially listed. There are around 50 apartments for sale in the $35m+ range right now: Just how many buyers exist… [Read More]
NEW YORK 5 YEARS LATER: DID YOU KNOW?
Posted on September 19th, 2013 by Leonard Steinberg With this week marking the 5th anniversary of the collapse of Lehman and the peak of the Global Financial Meltdown, I learned a few NEW YORK CITY FACTOIDS today that I thought were rather exceptional: Since the depths of the Great Recession, the USA has recouped 65%… [Read More]
SHVO TAKES TO THE STREETS – IS BILLION DOLLAR LISTING NEXT?
Posted by Leonard Steinberg on September 18th, 2013 Michael Shvo was spotted tonight at the LUKOIL/GETTY site on Tenth Avenue and West 24th Street (West Chelsea’s most storied block) armed with 2 security guards (is someone after Michael?) chatting up passers by observing the art installation featuring fences (Shvences?), sheep (Shveep?) and a lawn (shvlawn?)that… [Read More]
FIVE YEARS LATER…..
Posted by Leonard Steinberg on September 18th, 2013 This week, five years ago, the global financial crisis reached a fever pitch with the collapse of Lehman Brothers. Today the U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy by announcing a small reduction in its bond buying, while stressing that interest… [Read More]
DISGRACEFUL WAIT TIMES AT JFK CUSTOMS
Posted by Leonard Steinberg on September 17th, 2013 Read this NY DAILY NEWS article covering the often disgraceful welcome to our city at JFK customs: surely visitors (and tax-paying New York City residents)are entitled to better service in a first world country, not to mention a world center? Surely for the amount of taxes we pay… [Read More]
IS JANET YELLEN THE FED CHAIRMAN CANDIDATE OF CONTINUITY?
Posted by Leonard Steinberg on December 15th, 2013 Is the important question of who the next Fed chief will be on the ‘unknowns’ checklist item about to be answered? It appears so: Stock index futures soared this morning as investors bet that Larry Summers withdrawal as a candidate for the chairman of the Federal Reserve could mean… [Read More]