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]
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]
THE AMENITY NEXT DOOR
Posted by Leonard Steinberg on December 3rd, 2013 Many buildings being developed in the luxury Manhattan real estate market these days would not be complete without a host of very impressive amenities, including swimming pools, gyms, garages, playrooms, etc, etc. This makes it difficult sometimes for smaller buildings to compete. While many of these amenities… [Read More]
LUXURYREEL: THE FIRST BROKER WEB-TV IS LAUNCHED
Posted on December 2nd, 2013 We are pleased to announce LUXURYREEL, the first New York real estate broker web-based television channel featuring some of the finest New York properties we are marketing. www.luxuryreel.com
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
WALL STREET PAY RIGHTEOUSNESS = HUGE 2013 BONUS $$$
Posted by Leonard Steinberg on November 27th 2013 Another story of mis-guided righteousness has emerged today: As a reaction to the outrage over excessive banker-pay, starting in 2009, the biggest Wall Street firms were pressured to pay their top money-makers in restricted stock, which usually vested in 3 or 5 years, rather than cash bonuses. The… [Read More]
A GREEN THANKSGIVING: DE BLASIO’S GREEN VISION FOR NEW YORK
Posted by Leonard Steinberg on November 27th, 2013 Thankfully under Mayor Bloomberg’s outstanding leadership New York City has been a shining light in green initiatives to save energy, protect the environment, and build green jobs for our economy. Bill de Blasio intends to build on that history and expand sustainability initiatives throughout the five boroughs…. [Read More]
NEW YORK NEEDS AN ARCHITECTURAL STYLE COUNCIL
Posted by Leonard Steinberg on November 23rd, 2013 An article in today’s New York Times laments the tone of much of the new buildings being constructed around the City that in many ways are reminiscent of Dubai. While change is inevitable, and evolution certain, retaining the 100% character of certain neighborhoods may be arrogant……everything has to… [Read More]