Posted by Leonard Steinberg on April 8th, 2012 Is the media in its attempts to remain profitable in a digital world diminishing in accuracy? NBC highlighted this phenomenon this week with the Trayvon Martin shooting. With fewer staff and less time to report accurately and check facts, and with so much information out there, I… [Read More]
IS NEW YORK CITY RENTAL LAND ANIMAL FARM?
Posted by Leonard Steinberg on April 6th, 2012 Do you pay a half or a third of the rent for the same apartment as your next door neighbor? Well, in New York there are some antiquated laws that allow this insanity (paid for by landlords, yet protected by some politicians whose only goal is re-election)…. [Read More]
SUPER LUXURY MANHATTAN MARKET SOARS – 815 FIFTH AVENUE PROVES IT.
Posted by Leonard Steinberg on March 24th, 2012 We just listed a $ 25million townhouse at 815 Fifth Avenue, a rarity if there ever was one. A little over 25 ft wide, with over 11,000sf, we suspect it will be bought by someone anxious to transform it to a single-family mansion. Already multiple parties are… [Read More]
DOES THE "CORZINE RULE" INSPIRE "THE PINOCCHIO RULE" IN REAL ESTATE?
Posted by Leonard Steinberg on March 23rd, 2012 The recently proposed regulatory legistlation (The Corzine Rule) to be named after Mr. Corzine because his firm MF Global still cannot find where a few billion dollars went ‘missing’ made me think that maybe its time for us in the real estate industry to name some brokerage rules… [Read More]
FEEDING FRENZY ON WEST 20th STREET? AFFORDABLE WEST CHELSEA HOUSING?
Posted by Leonard Steinberg on March 20th, 2012 Is the ‘affordable’ market being ignored Downtown? It appears so. I have heard that over 600 people have already pre-registered to buy at the Brodsky developed Condop building across from the exquisite Seminary at 422 West 20th Street….and while the pricing is extremely attractive, just a bit… [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]
FINAL SECTION 3 OF HIGH LINE PARK PLAN REVEALED
Posted by Leonard Steinberg on March 17th, 2012 At Monday night’s Community Board meeting, Friends of the High Linee released the initial design plans for the third and final section of the High Line Park at the Hudson Rail Yards. This third section will connect the West Village/Meatpacking District to West Chelsea and ultimately take you… [Read More]
THE GOLDMAN SACHS MESSAGE
Posted by Leonard Steinberg on March 15th, 2012 Yesterday’s New York Times OP-ED by departing Goldman Sachs executive Greg Smith seemed to cause a bit of a storm throughout the Wall Street banking community: could it be true that one of the worlds most successful financial institutions puts itself before its clients? This question is… [Read More]
OBSERVATIONS FROM THE NEW YORK ART SHOWS
Posted by Leonard Steinberg on March 11th, 2012 Even though I live in West Chelsea surrounded by hundreds of the greatest art galleries, I nevertheless schlepp myself over to the Armory Shows on the Piers every year not only for the art (the perfect place to get a nice global perspective of the art market)… [Read More]
DOES GOOD WEATHER FUEL OPTIMISM IN REAL ESTATE MARKETS?
Posted by Leonard Steinberg on February 22nd, 2012 Is unseasonable good weather fueling this strong market? Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector. The NAR said today existing home… [Read More]