Posted by Leonard Steinberg of URBAN COMPASS on October 22nd, 2014 Jennifer Lopez, the fly-girl turned super-star from the Bronx is moving Downtown according to the New York Post: she is supposedly in contract to buy the penthouse above Chelsea Clinton at The Whitman, a newly renovated condominium facing Madison Square Park. The massive penthouse… [Read More]
NEW YORK AVERAGE PRICES SOAR 20%: THE 'PLAZA EFFECT' AGAIN?
Posted by Leonard Steinberg, Urban Compass, on July 1st, 2014 In this morning’s NEW YORK POST: “The sale price for Manhattan apartments has skyrocketed 20 percent this year, a market report has found. Manhattan home buyers paid an average $1.69 million in the second quarter of 2014, compared with $1.41 million for the second quarter of… [Read More]
PIED-A-TERRORISTS? FOREIGN BUYERS ARE GREAT FOR NEW YORK!
Posted by Leonard Steinberg on February 24th, 2014 This weekend’s New York Post had a brilliant article written by a foreign owner (Diane Francis) from Canada, reminding all once and for all just how GOOD foreign buyers are for the City of New York. Recently they have been treated on the same level as terrorists!… [Read More]
MAYOR DE BLUNDER? JANUS SNOWSTORM CLEANUP DISAPPOINTING
Posted by Leonard Steinberg on January 22nd, 2014 I have received far too many calls today about New Yorkers angry at the City, and especially Mayor De Blasio, for the dreadful post-storm clean-up: why is it that the streets of Manhattan were so poorly ploughed? A visiting Chicago resident said ‘this would never happen in Chicago’…..TODAY SHOW Al… [Read More]
MORE 421-A TAX ABATEMENT LIES
Posted by Leonard Steinberg on November 18th, 2013 Life in real estate land involves many liars and lies. It is especially bad when these lies are summarized and printed as truth by a major newspaper. THE NEW YORK POST just reported how the millionaires will pay NO real estate taxes for 10 years in super-luxury… [Read More]
HELL HATH NO FURY LIKE A REJECTED CO-OP BUYER: ONE 57 GOES SHEIK!
Posted by Leonard Steinberg on July 2nd, 2012 There is rumor that the prime minister of Qatar is ready to pay nearly $100 million for the city’s most expensive penthouse — a super-slick, Thomas Juul-Hansen designed, two-story showplace atop the One57 condominium across the street from Carnegie Hall, The New York Post reports this morning… [Read More]
CATCH-UP!
Posted by Leonard Steinberg on March 26th, 2012 This morning Ben Bernanke spoke on the subject of the economy: his conclusion was that the improving employment and growth figures were a product of CATCH-UP. We can see the same thing clearly happening in the luxury Manhattan real estate market. The above picture shows a line… [Read More]
DO YOU PAY $ 55/MONTH FOR RENT?
Posted by Leonard Steinberg on March 17th, 2012 Do you pay $ 55 per month for rent? Probably not. In this morning’s New York Post, a pensioner proudly boasts how he does in fact pay $ 55/month in rent. Why? Because he is entitled to that rent….and you are not! It’s called rent regulation, a law… [Read More]
AMERICAN IDOL REPORTING
Posted by Leonard Steinberg on April 9, 2011 This week, Amercan Idol fans were shocked when one of the shows biggest talents, Pia, was voted off the show…..it was another reminder of the dangers of mass tastes dictating. Without Simon Cowell, the judges superficial, uneducated, Jenny-from-the-block evaluation failed us all. I feel the same way about real… [Read More]
WOULD YOU RENT YOUR HOME TO CHARLIE SHEEN?
Posted by Leonard Steinberg on March 29, 2011 So train-wreck-du-jour Charlie Sheen is heading to New York for his VIOLENT TORPEDO OF TRUTH tour on April 8th. The New York Post reports that most of the high end hotels in town have removed the welcome matt after Charlie recently trashed his Plaza Hotel room though… [Read More]