Posted by Leonard Steinberg on December 28th, 2013 Congratulations again to my LUXURYLOFT team: The New York Times announced this morning that our $ 43million sale at 144 Duane Street was the largest closed transaction of 2013 in New York City. An especially big congratulations to Yoko Sanada who made it all possible. Here is… [Read More]
CONTINUUM TOWER FOR FLATIRON/MADISON PARK?
Posted on December 24th, 2013 On the heels of One Madison Park’s enormous success (Yoko Sanada on our team is currently selling a unit there), is more news about developer Ian Bruce Eichner’s planned neighbor, 41 East 22nd Street….possibly the first New York Continuum? Eichner had great success with the Continuum Towers in Miami that… [Read More]
CAPE TOWN: WORLD DESIGN CAPITAL 2014
Posted by Leonard Steinberg on December 23rd, 2013 I am visiting my hometown, Cape Town, South Africa, which has been designated the World Design Capital for 2014. Cape Town is a melting pot of design influences from Europe, Africa and the Far East, in a city known for it hugely diverse cultural mix. These influences… [Read More]
HUGE REAL ESTATE TAX REVENUE INCREASES PAY NEW YORK'S BILLS
Posted by Leonard Steinberg on December 21st, 2013 As Mayor-elect BIll de Blasio and his fans decry the evils of the real estate market, I have to be certain that a recent Budget office report addressing the vast revenues generated by the real estate markets must be an eye-opener. Here are some interesting facts that… [Read More]
JUST IN CASE THERESA GIUDUCE WINS THE MEGA-MILLIONS LOTTERY.
Posted by Leonard Steinberg on December 16th, 2013 12 East 69th Street was just listed for $ 114 million……oops, and $ 77,000.00….who came up with that price? Did they forget a faucet in their calculations and just tag it on at the end? The $ 100m+ New York real estate listing has become quite fashionable,… [Read More]
TODAY I FEEL AFRICAN-AMERICAN
Posted by Leonard Steinberg on December 15th, 2013 I immigrated to the USA about 29 years ago, and I am a US citizen now (which makes me African-American I guess), but today I feel very African with the burial of Nelson Mandela. Today I fully understand why so many immigrants, regardless of how long they have… [Read More]
TALE-OF-2-REAL-ESTATE-TAX-CITIES: DE BLASIO TO GRACIE MANSION
Posted by Leonard Steinberg on December 12th, 2013 Some are chattering with disdain at the recent announcement that Mayor-elect Bill de Blasio will be moving into Gracie Mansion from his home in Park Slope: While the mansion is certainly beautiful, 12 years ago its possible that some would have thought Mike Bloomberg chose not to… [Read More]
THE REAL ESTATE MISER-MILLIONAIRE
Posted by Leonard Steinberg on December 7th, 2013 The other day I identified a breed of New Yorker who chooses to live in their home in complete squallor, oblivious of (or ignoring) the fact that the real estate they are living in is worth MILLIONS. Why is it that these people hold on so desperately… [Read More]
INFORMATION CRISIS?
Posted by Leonard Steinberg on December 6th, 2013 I want to yell it from the mountaintops. I want to yell at the top of my lungs. I have done so many times before, but it appears no-one is listening: WE SUFFER FROM REALLY, REALLY BAD INFORMATION, especially in Real Estate! Aside from the horrifically inept,… [Read More]
BRILLIANT DE BLASIO CHOICE FOR NEW YORK POLICE COMMISIONER
Posted by Leonard Steinberg on December 5th, 2013 Mayor Elect Bill de Blasio has appointed Bill Bratton as police commissioner for New York…..this is a brilliant choice and a very encouraging insight into our next mayor’s actions regardng crime. Bill Bratton is largely credited for the jaw-dropping turnaround in crime under the Giuliani administration. A… [Read More]