Posted by Leonard Steinberg of URBAN COMPASS on December 9th, 2014 The $500,000 per month rental of a full floor apartment located on the 39th floor of the luxury Pierre hotel, boasting 4,786 square feet of living space, six bedrooms and 6½ bathrooms, including the Presidential Suite has made headlines as a major rental record for… [Read More]
THE GETTY:VICTOR HOMES, SHVO, PETER MARINO BUILDING REVEALED
Posted by Leonard Steinberg of URBAN COMPASS on December 6th, 2014 Victor Homes and Michael Shvo revealed the Peter Marino-designed building located at the old Getty Station site at 24th Street and Tenth Avenue (239 Tenth Avenue) in West Chelsea, New York at Design Miami as part of the Art Basel fanfare, which naturally had… [Read More]
URBAN COMPASS MARKETS FIRST US TADAO ANDO RESIDENTIAL CONDO
Posted by Leonard Steinberg on December 5th, 2014 I am so honored to confirm the rumors that URBAN COMPASS has been chosen to market the first USA residential condominium building designed by the Grand Master of all Architects, Tadao Ando, located at 152 Elizabeth Street in Nolita. The marketing of the 7-unit property that is… [Read More]
THE MOST EXPENSIVE WIND TUNNELS IN THE WORLD?
Posted by Leonard Steinberg of URBAN COMPASS on November 22nd, 2014 Many New Yorkers have succumbed to their chiropractors recently as they arch their heads to the skies to fully embrace the sky scraping height of 432 Park Avenue, the tallest (1,396ft) residential condominium tower in New York City now fully topped out and visible… [Read More]
URBAN POWER: NEW YORKERS CONSUME 75% LESS ENERGY THAN DALLAS
Posted by Leonard Steinberg of URBAN COMPASS on November 20th, 2014 Major Urban Centers such as New York are growing: In 1950, about 825 million people lived in large cities and two-thirds of the world’s 2.5 billion people lived in rural areas. Today, half of the planet’s 7 billion people live in cities. We have… [Read More]
MANSION TAX MADNESS – NEW YORK MANSION TAXES TO RISE?
Posted by Leonard Steinberg of URBAN COMPASS on November 19th 2014 New York City imposes a 1% tax on apartments selling for $1 million or more. It is called a MANSION TAX. It is a disguised additional tax as we all know all to well that there is no such thing as a mansion in… [Read More]
NEW YORK REAL ESTATE PREPARES FOR BIG BONUSES?
Posted by Leonard Steinberg of URBAN COMPASS on November 6th, 2014 As real estate land fumbles about the future of the markets, word on the street is that some are doing quite well indeed…. bonus season is about to dawn on us and all bets are they will be good! Money managers at hedge-fund firms… [Read More]
ROBOTS TO INVADE CHELSEA? LOWE’S IS COMING TO NEW YORK CITY
Posted by Leonard Steinberg of URBAN COMPASS on October 29th, 2014 CRAIN’S just reported that Lowe’s, the primary Home Depot competitor is coming to Manhattan opening two branches, one on the Upper West Side at 2008 Broadway and another 30,000sf store in West Chelsea at 635 West 19th Street. Does anyone know what building this… [Read More]
THE APARTMENT IS THE CHEAP P(ART)
Posted by Leonard Steinberg of URBAN COMPASS on October 26th, 2014 Strolling through the exceptional Metropolitan Museum of Art exhibit of the Cubist works owned by Leonard Lauder, I was reminded that these masterpieces were actually in someone’s home until very recently: We should be reminded in a world obsessed with high priced real estate just how… [Read More]
PIEDE-A-TERRE TAX STUPIDITY
Posted by Leonard Steinberg on October 25th, 2014 I live in a building where several people own apartments that they only use a few months of the year. I am in no way offended by this. My neighbors paid lots of transfer and mansion taxes buying, pay monthly real estate taxes, employ decorators, trades people,… [Read More]