Posted by Leonard Steinberg on August 12th, 2013 The Getty/Lukoil gas station at the corner of Tenth Avenue and 24th street is no more: sad-faced cab drivers were seen driving away from the site that for decades had been a re-fueling stop as the building prepares itself to be demolished to make way for Michael… [Read More]
SOME THOUGHTS ON OBAMA'S NEW MORTGAGE PLAN
Posted on August 9th, 2013 Obama is finally addressing the need to reform the mortgage world, a lead cause of our current financial woes. In my opinion there should be a mortgage lending requirement that all borrowers must have full health insurance to protect the mortgage lender. Being lent money is not a right, it’s… [Read More]
BABY BOOMERS KEEP MOVING TO CITIES
Posted by Leonard Steinberg on August 9th, 2013 Developers always ask the question: what will be the target profile of buyers you imagine will buy in my building? The answer has changed. I learned to adapt my answer many years ago while selling a large building in Tribeca. Anyone would have automatically assumed young families… [Read More]
5 CRITICAL EVENTS THAT WILL TELL US ABOUT THE FUTURE ECONOMY
Posted by Leonard Steinberg on August 7th, 2013 I had a very interesting dinner with two top bankers who truly ‘get it’. When I asked them what they saw happening economy-wise over the next 6 – 12 months, they told me about the five critical events that could help answer this question: Over… [Read More]
IS DOVER STREET MARKET THE NEXT JEFFREY?
Posted by Leonard Steinberg on August 4th, 2013 The uber-chic London-based fashion emporium DOVER STREET MARKET is coming to a rather unexpected neighborhood, located at 160 Lexington Avenue (@30th Street). The 20,000sf store, located in an exceptionally beautiful 1909-built bank building, mingles Comme de Garcons’ various lines with a range of international designer brands for women and men … [Read More]
NEW YORK HAVE’S AND HAVE-NOT’S CO-EXIST
Posted by Leonard Steinberg on August 2nd, 2013 Have you noticed how many buildings that sell very high priced apartments in Manhattan are neighbors to the projects and low income housing, yet co-exist quite perfectly? This phenomenon was highlighted a few years ago when many building in Chelsea started to get built on those blocks… [Read More]
NEW LISTING!! 26 Gramercy Park South #2A
Jewel-like PRE-WAR one bedroom apartment on Gramercy Park, Downtown’s prized semi-private park….and yes, you get a key to the park with this apartment! Fully renovated kitchen & bath, custom built-ins, gorgeous wood floors, high ceilings, flooded with light all day through oversized South-facing windows, and boasting charming tree-top views, this property oozes charm.
U.S. HOME PRICES SURGE 12.2% YEAR-OVER-YEAR IN MAY, LARGEST GAIN SINCE 2006
May home prices surged by 12.2% in the month of May when compared to last years pricing, the largest gain since 2006.
THE TOP 10 REASONS WHY WEST CHELSEA WILL CONTINUE TO SOAR
Posted by Leonard Steinberg on July 28th, 2013 Here are my TOP 10 reasons why West Chelsea has only seen the BEGINNINGS of an upside that will only be fully realized in roughly 7-10 years: 1) A concentration of A-grade architecture that currently includes Jean Nouvel, Annabelle Selldorf, Frank Gehry, Neil Denari, Enrique Norten and… [Read More]
KARTRASHIAN-KANYE GOLD TOILETS: THE NEXT AMENITY?
Posted by Leonard Steinberg on July 24th, 2013 This is really important: for a couple known to be full of it, Kim Kardashian and Kanye West have spent just over $750,000 on four gold-plated toilets for their new Bel Air mansion according to semi-reliable sources. Is the gold toilet the next must-have real estate status… [Read More]