Posted on May 22nd, 2013 Michael Shvo is back……and this time he is returning as a developer, having partnered with an established developer to buy the LUKOIL/GETTY gas station (reported fist here, btw….). Shvo, with developer Victor Homes, beat out competitors to acquire 239 Tenth Avenue, a gas station site at Tenth Avenue and West… [Read More]
NEW LISTING: 361 W 22nd ST, PH
Perched above this charming walk-up townhouse on a prized tree-lined West Chelsea block conveniently close to transportation yet also minutes from the Highline and Hudson River Parks, the Arts District, the Meatpacking District, Chelsea Market and so much more, this wonderful duplex is indeed a rare find. Enter to the main floor with its elegant… [Read More]
TWEET-SAVVY ANTHONY WEINER TO REPLACE BLOOMBERG AS NEXT NEW YORK MAYOR?
Posted on May 22nd, 2013 Anthony Weiner, the texting-twittering-tiranic former U.S. Representative announced in a video message early this morning that he is running for New York City mayor. Two years after resigning from Congress in a lewd photo scandal, he’s ba-ack. Pundits are asking if voters in the conservative state of North Carolina who recently re-elected Mark… [Read More]
TRIBECA EAST: HOME OF ONE 57 SOUTH?
Posted on May 16th, 2013 Is the concept of Midtown highrise living (a-la-One57)invading Eastern Tribeca? It appears so. Joining the sky-high condominiums of the Woolworth Building and 56 Leonard Street comes word that Larry Silverstein has finally secured funding for his long-planned $950 million luxury high-rise in TriBeCa: The 82-Story Robert A. M. Stern-designed tower will… [Read More]
US BUDGET DEFICIT TO SHRINK TO 2008 LEVELS: HAS RATIONAL EXUBERANCE ARRIVED?
Posted on May 14th, 2013 After this morning’s KNIGHT FRANK-led conference on the international housing outlook, predicting huge growth in demand for luxury real estate as global wealth expands, more news came in about the ever improving U.S. economy: The budget deficit will shrink this year to $642 billion, the smallest shortfall in five years….some good… [Read More]
SEEN AT FRIEZE 2013, NEW YORK
Posted on May 13th 2013 I loved this lady at the FRIEZE 2013 art show this weekend in New York on Randall’s Island: she stood in sharp contrast to all those uber-haute-culture-fashionistas in their daunting black ensembles, profound accessories, carefully placed tattoos, statement jewelry, abstract expressionistic hairstyles and seriously framed glasses. I vote for this… [Read More]
A WORLD RECORD FOR NEW DEVELOPMENT SALES AT 150 CHARLES STREET?
Posted by Leonard Steinberg on May 13th, 2013 Is it possible that sales at 150 CHARLES STREET are breaking a world record? After reaching the 3 month date on the calendar this weekend (February 11th, 2013 being the day we started sending out contracts) we are now in contract for almost $750 million worth of… [Read More]
DO YOU KNOW WHAT YOUR NEIGHBORS ARE UP TO?
Posted by Leonard Steinberg on May 9th, 2013 The horrific details of the kidnapped ladies in Cleveland are being revealed, and I am not sure what is more horrifying: the details of this crazed sadistic monster’s actions or the fact that for over a DECADE none of the neighbors had any clue there were captives… [Read More]
HEALTH CARE ROBBERY – THE MASS FRAUD/CORRUPTION THATS SIMILAR TO OUR REAL ESTATE TAX PROBLEM?
Posted by Leonard Steinberg on May 8th, 2013 I have repeatedly griped about the huge (un-constitutional)disparity in the way real estate taxes are assessed in New York: the range is often so large between very simlar properties that it would be laughable if it were not that sad. The system is driven politically, and this… [Read More]
WILL THERE BE ENOUGH SUPER-HIGH-END RENTERS?
Posted by Leonard Steinberg on May 8th 2013 Many of the very successful new buildings being sold right now in New York can attribute a chunk of their success to investor buyers: these are the buyers who plan to either re-sell or rent the units they are buying upon completion of these building which should… [Read More]