Posted by Leonard Steinberg on June 7th, 2014 I cannot help but gush over this exquisite building currently under construction in the heart of West Chelsea: Its location is superb, perched aside 200 Eleventh Avenue across the street from Gagosian Gallery, between the Hudson River Park and the Highline Park, around the corner from AVENUE’S SCHOOL…..and… [Read More]
224 MULBERRY IS LOOKING REALLY GOOD!
Posted by Leonard Steinberg on October 1st, 2013 Just saw 224 Mulberry Street, the FLANK-developed and designed new NOLITA condo, and it looks REALLY good.
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]
ZAHA HADID COMES TO WEST CHELSEA
Posted by Leonard Steinberg on July 16th, 2013 Zaha Hadid, the Pritzker-prize-winning architect is coming to West Chelsea: the 11-story condo building coming to 520 West 28th Street, developed by Related, is perched on a site that was actually quite limiting, according to Hadid, keeping her signature TWA-terminal-esque grand swooshes in check. With two wings of uneven heights,… [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]
NEW STEINWAY HALL TOWER COMING TO 57th STREET, THE CENTER OF THE 'POWER TOWER'
Posted by Leonard Steinberg on May 7th, 2013 It’s music to New York’s explosive new developments market: Steinway Hall has been purchased by its next door neighbor who plans to build another super-swanky condominium tower. What was once considered a mediocre block at best on New York’s 57th Street, where the two tallest condominium towers in… [Read More]
LUKOIL SITE ON TENTH AVENUE SELLS
Posted by Leonard Steinberg on May 1st, 2013 The illustrious LUKOIL site at 239 Tenth Avenue at the corner of 24th Street in the heart of the West Chelsea Arts District has supposedly gone to contract after multiple bids…..and it appears the price was several million dollars over the asking of $ 18,95million. The site… [Read More]
MANAGING AGENTS: GET IT TOGETHER!
Posted by Leonard Steinberg on June 11th, 2011 New York Managing agents perform the unenviable task managing all aspects of a building’s operations and financials including staffing, repairs, maintenance, etc. The managing agent reports to the board of the building, a group of people elected by unit owners to oversee the physical and financial well-being… [Read More]
CO-OPS: NEW TIMES, NEW RULES
Posted by Leonard Steinberg on May 8, 2011 We live in new times, which requires adjusting. All of us are doing it. Some Democrats are talking about deficits, some Republicans are talking about energy savings and green energy. Condominiums are talking about reserve funds and closer scrutiny of buyers. Yet many co-ops appear to be stuck in… [Read More]
HIGH UNEMPLOYMENT? IT’S ABOUT THE REAL ESTATE!
Unemployment is very high, yet many employers are finding it extremely difficult to fill certain jobs. It is estimated that unemployment amongst the very skilled is actually rather low: We know unemployment amongst the highly educated is definitely low. In this morning’s Wall Street Journal, an article tries to establish what is causing this. Employers and economists… [Read More]