Posted by Leonard Steinberg on August 6th, 2012 CNN just reported that New York is one of the TOP 10 cities for aging: further proof of why so many empty nesters are moving back to the big city for their ‘nouvelle retirement’. Gone are the days when those over 60 would automatically consider Florida or… [Read More]
KARDASHIAN-STYLE PRICING
Posted by Leonard Steinberg on August 2nd, 2012 This week everyone seems to only want to talk to me about the $ 100 million listing at City Spire, the B-grade building at Columbus Circle where the penthouse is listed for an amount that as astounding as the views from its wrap terrace. Personally, I believe… [Read More]
IT’S OFFICIAL: HOME PRICES ARE BEGINNING TO RISE EVERYWHERE
Posted by Leonard Steinberg on July 24th, 2012 Today a report to be released by Zillow indicates that home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover. In the quarter ending in… [Read More]
SOMETHING MORE ANNOYING THAN FACEBOOK?
Posted by Leonard Steinberg on July 14th, 2012 I never thought I’d see the day when something more annoying than FACEBOOK would hit the market…..has that day come? Yes, FACEBOOK is wonderful in connecting people and it certainly has helped me find out what an old school friend is eating these days. In real estate… [Read More]
THE BEST SOLUTION FOR THE INCANDESCENT BULB REPLACEMENT?
Posted by Leonard Steinberg on July 3rd, 2012 The invasion of those hideous fluorescent light bulbs and cold-looking alternatives to incandescent lighting has snowballed recently and the results are simply horrendous, providing a quality of light that leaves humans looking in-human and rather hideous. Some lobbies and hallways of high end New York buildings are beginning… [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]
ST.VINCENT’S GREENWICH VILLAGE CONSTRUCTION SITE MESS
Posted by Leonard Steinberg on June 14th, 2012 While I am thrilled that the Rudin’s have started construction on the old St. Vincent’s Hospital site in Greenwich Village, converting and re-building to create high end condominiums, I am somewhat outraged that their builder thinks its OK to stop all the traffic on Seventh Avenue so… [Read More]
GOOD DESIGN IMPROVES QUALITY OF LIFE
Posted by Leonard Steinberg on June 9th, 2012 In this morning’s Financial Times an article addresses how the Danish believe that good design improves lives. I see this trend more and more in New York real estate: the growth of consumer’s esthetic awareness has literally exploded in the past 10 years and their understanding of the benefits… [Read More]
A NEW MARKET?
Posted by Leonard Steinberg on June 4th, 2012 Have we entered a new market, possibly more of a buyer’s market again? The bad economic news on Friday seems to be compounded by worsening news from Europe and the world is learning just how inter-connected the world economies truly are. When retail sales slow in Europe,… [Read More]
THIS IS WHAT LIES UNDERNEATH NEW YORK
Posted by Leonard Steinberg on May 24th, 2012 This is what Manhattan is built on…..the picture above shows chunks of granite that were blasted out of the basement of a townhouse being renovated and shows just how intensely solid the foundation of a good chunk of Manhattan is. It is also a message about how… [Read More]