Posted by Leonard Steinberg of URBAN COMPASS on December 2nd, 2014 The world is drowning in luxury. A plethora of ultra luxurious new buildings are on the market now in New York and many more are coming over the course of the next 18 months. Each developer is trying to out-do one another with the… [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]
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]
TWITTER STALLS SIGNALING A SHIFT?
Posted by Leonard Steinberg of URBAN COMPASS on November 8th, 2014 This week’s mediocre results from TWITTER may signal a shift: is the world getting tired of the shallowness of so much of what is reported? Is 160 characters enough to truly get a message of substance across? Is the world starting to look for… [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]
THE URBAN COMPASS REAL ESTATE APP. REVOLUTION
Posted by Leonard Steinberg of URBAN COMPASS on November 2nd, 2014 At URBAN COMPASS we developed an APP many months ago in house that has turned the industry upside down. It demonstrates to the world how simple and easy it can be to search for everything real estate in the palm of your hand. Now… [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]
J-LO BUYS AT MADISON SQUARE PARK AS CHELSEA CLINTON NEIGHBOR
Posted by Leonard Steinberg of URBAN COMPASS on October 22nd, 2014 Jennifer Lopez, the fly-girl turned super-star from the Bronx is moving Downtown according to the New York Post: she is supposedly in contract to buy the penthouse above Chelsea Clinton at The Whitman, a newly renovated condominium facing Madison Square Park. The massive penthouse… [Read More]
$80 MILLION CO-OP PRICING RECORD SET IN NEW YORK
Posted by Leonard Steinberg of URBAN COMPASS on October 21st, 2014 A new pricing record has been broken in New York: For the first time ever a co-op located at 834 Fifth Avenue has been sold for $80 million. The buyer is the quintessential Russian Billionaire Len Blavatnik. 834 Fifth Avenue is widely regarded as… [Read More]