Posted by Leonard Steinberg, President of Urban Compass, on July 8th, 2014 London is experiencing some BUYER-BLUES on the very high end and today its reported that home-price gains in London’s most-expensive neighborhoods are trailing the rest of the city because buyers are deterred by high asking prices and the possibility of new taxes. Values in… [Read More]
BROOKLYN HOUSING ‘AFFORDABLE’, BUT INFRASTRUCTURE IS WEAK
Posted by Leonard Steinberg on April 10th, 2014 Brooklyn continues its climb in desirability with both rent and sale prices rising consistently. Inventories have dropped to a six-year low. Brooklyn apartment rents rose to a record in March and new leases more than doubled, extending a surge in housing demand that was once seen as a… [Read More]
TALE OF TWO CITIES CONTINUES, ALTERED?
Posted by Leonard Steinberg on January 4th 2014 Did you notice during the snowstorm how poorly the streets in Manhattan had been plowed? Mayor de Blasio proudly exclaimed in a press conference that Queens and Brooklyn and the outer boroughs were the focus of City snow plows: is the TALE OF TWO CITIES that he so vehemently… [Read More]
DEAR MR. DE BLASIO: WHY ARE BROOKLYN’S REAL ESTATE TAXES SO MUCH LOWER THAN MANHATTAN’S?
Posted by Leonard Steinberg on September 26th, 2013 With Brooklyn pricing on the rise (Dumbo and Brooklyn heights are now two of the costliest New york neighborhoods), and Brooklyn’s infrastructure looking awfully similar to Manhattan’s (and in many areas much better), why are their real estate taxes so much lower than Manhattan’s? Is Bill de… [Read More]
BROOKLYN HEIGHTS: I WAS WRONG!
Posted by Leonard Steinberg on March 20, 2011 For years I said the upscale Manhattan crowd would never travel ALL THE WAY to Brooklyn to live in what are arguably neighborhoods as refined and desirable as the West Village, Tribeca and the Upper East Side: I was wrong. About 3 years ago, a friend of… [Read More]