Posted on June 2nd, 2014 Dear Friends: Today marks a historic day as I begin my role as President of URBAN COMPASS. We have always been at the forefront of the New York Real Estate industry, always with an eye towards the future of real estate: in URBAN COMPASS we see the future. URBAN COMPASS… [Read More]
GLOBAL SUPER-RICH ARE RICHER AND NEW YORK IS ‘CHEAPER’!
Posted by Leonard Steinberg on March 7th, 2014 Today the Euro is trading around 1.39 to the dollar and the pound about 1.67, making New York increasingly ‘cheaper’ for the global rich who have grown in numbers over the last year as the world’s economies expand. Those Ultra High Net Worth Individuals whose combined assets… [Read More]
MELANIE LAZENBY WINS DOUGLAS ELLIMAN’S TOP PRODUCER AWARD
Posted by Leonard Steinberg on February 13th, 2014 Dolly Lenz has been de-throned: A big CONGRATULATIONS to Melanie Lazenby, who was announced as the NUMBER ONE broker at Douglas Elliman’s real estate awards event last night (The Ellie’s) at CIPRIANI by Howard Lorber. Breathtakingly beautiful Melanie sold the most expensive condominium in 2013 at 18… [Read More]
COOPER SQUARE/ASTOR PLACE STREETSCAPE CHANGES DRAMATICALLY
Posted by Leonard Steinberg on January 11th, 2013 The streetscape around Astor Place and Cooper Square is in the process of being altered significantly: In the past few years, the architectural landscape has been revolutionized, most recently with the addition of 51 Astor Place, home to hi-tech including the IBM Watson Group. Other buildings added… [Read More]
40 BOND CLOSING REPORTED IN NEW YORK TIMES
Our closing of 40 BOND STREET was reported in this morning’s NEW YORK TIMES: http://cityroom.blogs.nytimes.com/2013/11/29/big-ticket-outdoor-living-in-noho-for-23-million/?ref=realestate&_r=0
MANHATTAN RENTS SOAR 10+% IN ONE YEAR: MAJOR INFLATION?
Posted by Leonard Steinberg on October 11th, 2012 The Douglas Elliman RENTAL REPORT just came out and Manhattan rents soared 10.2 percent in the past year as tenants scrambled for new apartments in the tightest, fastest-moving market in years, new figures show. The median rent hit $3,195 a month — and $3,500 with a doorman. Apartments… [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]
THE JUMBO IS BA-ACK!
In this morning’s Wall Street Journal, it is reported that New York and the rest of the country, is experiencing the return of the JUMBO MORTGAGE…..Not long ago, many big banks were turning away New Yorkers seeking jumbo mortgages. This summer, however, banks are competing for the business, creating a wealth of new products and… [Read More]