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]
WORDS OF THE REALLY RICH
Posted by Leonard Steinberg of URBAN COMPASS on October 18th, 2014 There is rich and then there is REALLY rich: As a New York real estate broker I often get lost in this micro-world of what is completely removed from the ‘real’ world, and I try to see the humor in it all. Yes, the… [Read More]
OIL PRICE DELIVERS SOME GOOD NEWS
Posted by Leonard Steinberg of URBAN COMPASS on October 16th, 2014 Wall Street is lamenting lower oil prices, yet this delivers some great news for consumers: the average American consumes about 35 gallons of gas per week, or 140 gallons per month. If gas prices are down about 50 cent per gallon on average since… [Read More]
SOHO ARTIST’S LIVE IN THE RICHEST ZIP CODE IN NEW YORK/USA?
Posted by Leonard Steinberg of URBAN COMPASS on October 9th, 2014 Are Soho artists living in the third most expensive zip code in the USA? It appears so…..The median price for a home in Soho is $6 million yet the City still keeps Soho in the grasp of an antiquated zoning law called A.I.R, or… [Read More]
2,325 BILLIONAIRES WORLDWIDE, 103 IN NEW YORK CITY, UP OVER 7%
Posted by Leonard Steinberg of URBAN COMPASS on September 18th, 2014 The world’s (known) billionaire population has grown by over 7% in the past year to 2,325. Of that, 103 of them live in New York and 571 in the USA. 8 of the TOP 20 Cities are now in Asia. 81% of billionaires are… [Read More]
SEEN FROM THE WINDOW OF 146 WAVERLY PLACE.
Posted by Leonard Steinberg of URBAN COMPASS on September 14th 2014 As you peer out of the window of 146 Waverly Place, the remarkable townhouse being renovated to perfection, designed by architect Wayne Turett, you catch a glimpse of the property at 27 Christopher Street a few doors away that just traded hands for $45… [Read More]
THE INNOVATION ECONOMY: IS TECHNOLOGY NEW YORK'S FUTURE?
Posted by Leonard Steinberg on August 19th, 2014 There can be no doubt that technology has become a key driving force and growth sector for the New York economy (and the world in general). A city that was once almost entirely reliant on the financial sector for high paying jobs is seeing tech catch up… [Read More]
THE 24/7/365 WORLD
Posted by Leonard Steinberg of URBAN COMPASS on August 16th, 2014 In my role as President of URBAN COMPASS, I post some of my thoughts and observations to the company. I thought I would share this one as it highlights the new world we live in: THE 24/7/365 WORLD. Seasons are a magical way of reminding us… [Read More]
IN 'DEFENSE' OF THE ALEXANDER BROTHERS
Posted by Leonard Steinberg of URBAN COMPASS on August 7th, 2014 “In what could be a real estate record for New York City, the nation of Qatar is in contract to buy an Upper East Side townhouse for $100 million, The New York Post reported earlier this week.” This week it was revealed that the… [Read More]