Posted by Leonard Steinberg on November 13th, 2011 In today’s real estate section of the New York Times, the cover article addresses the subject of expiring tax abatements that result in monthly taxes on new buildings that are super-high. In my opinion, this article does not get the story right and misses some very important points: Real estate… [Read More]
THE CHARMLESSNESS OF MANHATTAN REAL ESTATE NEW DEVELOPMENT
Have you noticed how the bulk of newly built New York residential buildings possess as much charm as Ann Coulter or Al Gore?
THE BIGGEST SOCIAL REVOLUTION EVER?
Posted by Leonard Steinberg on October 29th, 2011 THE BIGGEST SOCIAL REVOLUTION EVER? We are currently experiencing a dramatic societal shift, and in it lie superb clues to the future of our planet, and luxury real estate, a subject I am focused on. Here are the key trends: Machines have replaced humans on a grand scale:… [Read More]
WHERE ARE THE JOBS…..OR WHERE ARE THE SKILLED WORKERS?
Posted by Leonard Steinberg on October 15th, 2011 With real unemployment soaring closer to 20%, unemployment has become the key problem in resolving our fiscal woes. Unemployed people cannot spend the way employed people do and the economy is suffering mostly from lack of demand. The saddest part of this story is that there are indeed… [Read More]
REAL ESTATE LIFE IN THE BLACKBERRY BLACKOUT
Posted by Leonard Steinberg on October 12th, 2011 As the BLACKBERRY BLACKOUT continues, I as a real estate broker vow never to complain about my Tech ever again, even though at times it may be warranted. Life in real estate land in New York is simply HORRIBLE without a functioning Blackberry. I feel I have… [Read More]
A WEAKER EURO: HOW WILL IT AFFECT MANHATTAN REAL ESTATE?
Posted by Leonard Steinberg on September 19, 2011 The Euro has dropped from its $ 1.46 average to closer to $ 1.36, certainly a result of the ongoing financial turmoil in Greece, Italy, Spain and even France. European buyers have been a small but strong component of the Manhattan market in the past few years…..will… [Read More]
GRIDLOCK HIGH TECH COMES TO MANHATTAN: MAN vs. TECH
Posted by Leonard Steinberg on July 19, 2011 The traffic clogged heart of Manhattan is getting a state-of-the-art bypass operation — with city engineers now directing Midtown traffic flow by typing a few keys in a Queens control room. Mayor Bloomberg yesterday launched the first-of-its-kind, real-time, congestion-busting system, which allows the engineers to control traffic lights… [Read More]
NEW YORK CONSTRUCTION COSTS/ECONOMY SET TO RISE?
Posted by Leonard Steinberg on July 8th, 2011 The past few weeks have been a hive of activity with developers snapping up development sites throughout the city: yes, the new development market is waking up and it is waking up with a LOUD BANG. These are some of the projects in the pipeline: The Drake… [Read More]
THE STUPIDITY OF GOVERNMENT-THINK BANKS
Posted by Leonard Steinberg on June 29th, 2011 Some banks are being like governments right now: stupid. When banks do not want to lend to highly qualified, super-reliable, well educated, credit worthy clients, we should conclude that we have a MAJOR problem. When these same banks make everything in the application process so difficult, cumbersome,… [Read More]
THE POWER OF A VIEW: THE VIEW AS ART
Posted by Leonard Steinberg on June 20, 2011 The other day I did a showing of a rather wonderful Chelsea apartment that boasts the most extraordinary view…..the kind of view that leaves you breathless even after seeing many truly incredible views. This view located from the top of the Chelsea Stratus building at 101 West… [Read More]