Posted by Leonard Steinberg on April 25th, 2014 The number of mortgages issued has dropped dramatically compared to a year ago fueling concerns that rising interest rates could have a negative impact on the housing market in general…..the bulk of the drop is attributed to the drop-off in re-financing. $235 billion in mortgage loans were… [Read More]
NEW YORK AIR IS CHEAP!
Posted by Leonard Steinberg on April 24th, 2014 At last something to report on in New York that is actually cheap: AIR. Yes, the cost of air rights – also known as transferable development rights – are averaging $305/sf in 2013 compared with the $207/sf average in 2012…..up 47%, yet still a bargain compared to as-of-right FAR… [Read More]
AN AFFORDABLE LED LIGHTBULB?
Posted by Leonard Steinberg on February 17th, 2012 Now there is no excuse for using those hideous fluorescent lightbulbs that emit the vulgar light better associated with surgery chambers: A LED lightbulb thats affordable! The PHAROX lightbulb is an LED that uses about as much energy as a fluorescent bulb, and a fraction of the… [Read More]