Manhattanites are familiar with traffic jams, which are exacerbated by some of our urban-congesting events: more than a dozen mid-town parades annually; the days the U.N. is in session; the NYC Marathon; Fashion Week; visiting dignitaries; and other traffic hindering events such as street fairs and the occasional protest. For the most part, Manhattan dwellers [Read more… ]
Manhattan Real Estate Updates
January 1, 2017 – The Opening of an Initial Segment of the Illusive Second Avenue Subway – Hooray!
On New Year’s Eve, December 31st, 2016, Governor Cuomo, Mayor de Blasio, and other city officials, will pop the champagne corks as they are given the very first ride on the Second Avenue Subway! Approximately 100 years ago in 1910, discussions for the construction of the illusive Second Avenue Subway were begun. At the time, [Read more… ]
My Dealings with “The Donald”
A snapshot of the practices of Trump the Real Estate Developer Having spent over 40 years selling high-end residential real estate in Manhattan, Donald Trump, the Republican candidate for President and I have had repeated business dealings together. I participated in focus advisory groups for his luxury residential developments and subsequently sold condominiums in his [Read more… ]
The re-birth of 56 Leonard Street, Tribeca
In an environment where Manhattan real estate inventory is at the lowest it has been in seven years, the perfect environment has been created for the continuation of the iconic Herzon and de Meuron 60 story Tribeca condominium tower. Begun just before the real estate bubble burst in 2008, the developers, Alexico and the Houston [Read more… ]
It’s a Ill Wind that Doesn’t Blow Someone Good Luck – NYC RE Market Update 1/15/2013
What happened to the NY Real Estate Market in the third Quarter 2012? It soared! Well, for one thing, a lot of pent up demand was accumulating during the fourth quarter while the most publicized presidential election in history was going on. At the end of the day, even those folks who didn’t live in [Read more… ]
The Toll Brothers are on a NYC real estate buying spree
Having cut their teeth on residential projects in waterfront areas in Brooklyn and New Jersey, the Toll Brothers, continued to play Monopoly with additional Manhattan purchases. A publicly traded company who consider themselves one of the largest US developers of luxury multi-family residences, the Toll Brothers seem unafraid of building sites that have been shied [Read more… ]
