Posted by Leonard Steinberg on June 15th, 2012 While we await the outcome of the Greek elections this weekend, the world seems fixated on a country whose GDP is the size of Indiana, Maryland or Minnesota….if we are to put things into perspective. If Indiana’s economy went bust would America crumble? Lots of the blame… [Read More]
ST.VINCENT’S GREENWICH VILLAGE CONSTRUCTION SITE MESS
Posted by Leonard Steinberg on June 14th, 2012 While I am thrilled that the Rudin’s have started construction on the old St. Vincent’s Hospital site in Greenwich Village, converting and re-building to create high end condominiums, I am somewhat outraged that their builder thinks its OK to stop all the traffic on Seventh Avenue so… [Read More]
THE CALEDONIA SETS ANOTHER PRICING RECORD
Posted on June 13th, 2012 Matt Amico reports that another apartment has sold for a record price at The Caledonia, located at 450 West 17th Street, the full service, Taconic/Related-developed building in West Chelsea abutting the Highline Park. Closed for $ 5,35 million (that’s over $ 2,400/sf) this sale proves yet again how the high-floor mega-view… [Read More]
GOOD DESIGN IMPROVES QUALITY OF LIFE
Posted by Leonard Steinberg on June 9th, 2012 In this morning’s Financial Times an article addresses how the Danish believe that good design improves lives. I see this trend more and more in New York real estate: the growth of consumer’s esthetic awareness has literally exploded in the past 10 years and their understanding of the benefits… [Read More]
A NEW MARKET?
Posted by Leonard Steinberg on June 4th, 2012 Have we entered a new market, possibly more of a buyer’s market again? The bad economic news on Friday seems to be compounded by worsening news from Europe and the world is learning just how inter-connected the world economies truly are. When retail sales slow in Europe,… [Read More]
SOME GOOD ECONOMIC NEWS?
Posted by Leonard Steinberg on June 3rd, 2012 I had lunch the other day with a REALLY successful, wealthy guy who pretty much has his pulse on the planet, especially financially. Out of this conversation I extruded good news for the luxury market in Manhattan. His belief, as is the belief of many, is that… [Read More]
A DOORMAN THREE BEDROOM APARTMENT ON THE UPPER EAST SIDE FOR $ 1MILLION?
So you never thought it possible to buy a real 3 bedroom in a prime location doorman building on the Upper East Side for under $ 1million? 205 EAST 63rd That’s the same as $ 6k/month in rent!
WEST CHELSEA IS EXPLOSIVE!
Posted by Leonard Steinberg on June 1st, 2012 At 10:30 a.m. an explosion occurred at the site of a former Mobil gas station on 14th St. and 10th Ave. in West Chelsea/Meat Packing District. NY 1 is reporting that crews were in the process of removing six gas tanks when the explosion occurred.
WILL THE BLACKBERRY-WIELDING-BROKER BE AN EXTINCT BREED?
Posted by Leonard Steinberg on June 1st, 2012 The number of brokers switching from Blackberry has grown dramatically over the past year: An increasing number of top companies and government departments that were once devoted to the Blackberry are instead now giving some staff the option of using Apple Inc’s iPhone or smartphones running off… [Read More]
ONE HUDSON YARDS
Posted by Leonard Steinberg on May 29th, 2012 More exciting news from the West Side…..Another new building is being planned by Gary Barnett, developer of One 57, at the Hudson Yards, the mega development north of West Chelsea experiencing a revolution mostly because it will be connected to Times Square by the # 7 subway extension… [Read More]