WHEN SPECULATION DAMPENS MARKETS

Posted by Leonard Steinberg of URBAN COMPASS on October 24th, 2014 Speculation can be a powerful thing: as New Yorkers awaken this morning to the reality that the first local EBOLA case has been identified, many are wondering what or if they have been exposed in some way to this deadly disease? Did you walk… [Read More]

THE $500 MILLION (HALF BILLION!) HOUSE

Posted by Leonard Steinberg on October 14th 2013 Is this the most expensive residential property ever? At $500 million it makes La Leopoldo, One 57 or Tour Odeon seem like a good buy.  Then again, the price equates to roughly $ 7,462/sf which is not that bad on the BILLIONAIRE-HOME -INDEX. The mansion at Carlton… [Read More]

$ 10,000+ PER SQUARE FOOT HITS NEW YORK MARKET AT 15 CENTRAL PARK WEST

The elusive $ 10,000/square foot price has been reached in Manhattan with the sale of the Zeckendorf’s penthouse at 15 Central Park West. The $ 40million sale of their penthouse marks a turning point in the history of New York real estate pricing. “We have by-passed The Gilded Age, and entered THE PLATINUM AGE,” says… [Read More]