Posted by Leonard Steinberg on January 2nd, 2014 Has the air above a building become as valuable or even more valuable than the land it is built on? It appears so…. Transferable air rights have soared in price to $500 a square foot, making them worth more than the dirt below. Donald Trump made buying air… [Read More]
NEW TRENDS EMERGING IN NEW DEVELOPMENT?
Posted by Leonard Steinberg on November 16th, 2013 We are beginning to see some new trends in the new development arena in New York real estate land. I am hearing of more and more ‘flippers’: developer-investors who bought development sites for good prices, now flipping them for profit, some even doing so before closing….. are… [Read More]
SAVE SOHO: HELP WITH THE A.I.R ISSUE IN SOHO AND NOHO!
Posted by Leonard Steinberg on March 31st, 2012 Forty years ago, zoning laws were enacted in New York permitting joint live/work quarters for artists who were certified by the New York City Department of Cultural Affairs. They were necessary to protect the remaining manufacturing uses as well as artists who occupied vacant or underutilized buildings… [Read More]