Posted by Leonard Steinberg on May 9th, 2014 The New York Times has an opinion editorial by Peter Dreier about the housing recovery. While housing has recovered extremely well in large Urban centers and some other parts, reports about rising home prices suggest that the tens of millions of people whose homes lost value just have… [Read More]
LUXURYLOFT TEAM CLOSES LARGEST SALE OF 2013 IN NEW YORK.
Posted by Leonard Steinberg on December 28th, 2013 Congratulations again to my LUXURYLOFT team: The New York Times announced this morning that our $ 43million sale at 144 Duane Street was the largest closed transaction of 2013 in New York City. An especially big congratulations to Yoko Sanada who made it all possible. Here is… [Read More]
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
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]
MULTIPLE BIDS FOR WEST VILLAGE APARTMENT
Posted on October 26th, 2013 A rather nice apartment with a large terrace located at 99 Jane Street, designed originally by CookFox architects to be a rental building, came on the market last week for $8 million. By the end of the week, a contract was signed after multiple bids for shy of $10 million……about 25% over the asking… [Read More]
IS THE $ 100 MILLION NEW YORK APARTMENT THE INTERNET STOCK OF 2000?
Posted by Leonard Steinberg on April 20th, 2013 Has a new pricing insanity set into the New York uber-luxury market with 33 official listings (with many more un-official ones!)above $ 30 million and three over $ 100 million: Is $ 100 million the new $ 50 million just within a matter of months? It appears… [Read More]
150 CHARLES STREET: HALF A BILLION IN SALES IN 4 WEEKS
Posted by Leonard Steinberg on March 16th, 2013 The New York Times ran an article for this weekend’s REAL ESTATE section talking about the ‘Downtown Spring awakening’: 150 Charles Street, the Witkoff Group developed, CookFox-designed building in the West Village achieved over HALF A BILLION in sales in 4 weeks, certainly a record for New… [Read More]
WHAT IS MIDDLE CLASS IN MAHATTAN?
Posted by Leonard Steinberg on January 20th, 2013 The New York Times did an interesting piece this weekend trying to answer the question: What is MIDDLE CLASS in Manhattan? The answer remains muddied. In a city where the cost of housing overwhelms all other costs, where you live and how much you are paying for… [Read More]
WARREN BUFFET SAYS WHAT ALL OTHERS IGNORE: $ 250k/ YEAR IS NOT RICH!
Posted by Leonard Steinberg on November 27th, 2012 Warren Buffet has said what we have been YELLING in a recent New York Times editorial: Income of $ 250,000/year is NOT rich. Not in New York, or Los Angeles, or Miami, or San Francisco, or a host of other larger US cities. His piece addresses brilliantly… [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]