Posted by Leonard Steinberg on January 28th, 2013 Have you ever seen the droves of people lined up to buy one of those horrifically sugary cupcakes at Magnolia Bakery? Well, a similar phenomena is happening in Manhattan at open houses where the volume of buyers is truly remarkable at all price points. Over 70 buyers… [Read More]
CAN GOVERNMENT LEARN FROM THE US CONSUMER ABOUT DEBT REDUCTION?
Posted by Leonard Steinberg on January 26th, 2013 The question keeps getting asked: why is the New York real estate market so incredibly strong this month (and the past few months too)? Yes, mortgage rates are very low, the wealthy are doing well and have more confidence, the election circus is behind us, the optimism… [Read More]
DAVOS REVEALS 2012 WAS A GREAT YEAR FOR BILLIONAIRES: BUT A HOMELESS BILLIONAIRE?
Posted by Leonard Steinberg on January 23rd, 2013 While about 75 of the world’s billionaires begin to approach DAVOS for the annual conference of the super-rich, we are reminded of how well billionaires fared in 2012, regardless of all the political naysayers who claimed the future of the rich and all things good economically were… [Read More]
NEW LISTING! 75 BANK ST #5Q
Sex and The City comes to life in this prime West Village jewel box studio, located in the Art Deco chic Abingdon Court, a full service luxury doorman building. Neighbors Marc Jacobs, Magnolia Bakery, Ralph Lauren, Cafe Cluny, The Waverly Inn & Bruno Cucinelli all complete the dream lifestyle becoming reality, as quaint, tree-lined Bank… [Read More]
AFFORDABLE MICRO-APARTMENTS BECOMING REALITY?
Posted by Leonard Steinberg on January 22nd, 2013 As New York real estate becomes less and less affordable for most, the City is announcing today the winner of its “micro-apartment” contest, which challenged architects to create affordable homes for single New Yorkers — some as small as 250 square feet. The Museum of the City of… [Read More]
WHAT IS MIDDLE CLASS IN MAHATTAN?
Posted by Leonard Steinberg on January 20th, 2013 The New York Times did an interesting piece this weekend trying to answer the question: What is MIDDLE CLASS in Manhattan? The answer remains muddied. In a city where the cost of housing overwhelms all other costs, where you live and how much you are paying for… [Read More]
TIME FOR CONSUMER ELECTRONICS THAT ACTUALLY WORK FOR CONSUMERS?
Posted by Leonard Steinberg on January 19th, 2013 This week the discussion arose again about electronics for AV systems and ‘smart homes’ at one of my meetings with a developer client developing a gorgeous luxury building in New York. What exactly does the consumer want delivered to-day in a brand new Manhattan luxury apartment in the way… [Read More]
NEW LISTING: 251 West 19th St #7A
Triple Mint + gut renovated, spacious 2 Bed / 2 bath Corner Loft with breathtaking views of the Empire State Building. 24 Hour Doorman, Large New Tilt-and Turn Windows, 2 Zone Central Air conditioning, Marble Bathrooms with Steamer unit, Gourmet Kitchen with Custom cabinetry and granite counters, Viking, Miele, Liebherr twin fridge/freezers, are all part… [Read More]
NEW LISTING! 4 West 16th St #9B
Perched above the vibrant Flatiron District, this meticulously renovated loft apartment is located in a boutique-scaled, pre-war building just off Fifth Avenue. Enter through a gracious foyer that leads to gorgeous living room and dining area. A superb kitchen is expertly fitted with custom wood cabinetry, Onyx counters and A-grade appliances. Its attached to an… [Read More]
THE $ 51 BILLION STORM: SANDY RELIEF, OR SANDY BAND-AID?
Posted by Leonard Steinberg on January 16th, 2013 A measure providing $51 billion for relief and recovery from Hurricane Sandy was approved by a bipartisan majority in the House last night, three weeks after Northeast Republicans excoriated the chamber’s GOP leaders for failing to vote on storm aid before the end of the last Congress. A… [Read More]