My State of Residential Real Estate Address

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Officially our recession is over. That said, there was more to our recent economic woes than bad mortgages. Too much borrowing by everyone – the Federal government, investment banks, individuals -, a NIMBY attitude towards any sort of economic pain inherent in realigning debt with equity, and the difficulty of competing with incredibly cheap third [...] Read More

Looking in Lenox Hill ?

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A bit of history to start.Loosely speaking, Lenox Hill is one of the neighborhoods within the neighborhood of the Upper East Side generally agreed upon to be from 79th street down to 60th street, with an eastern boundary that varies and a western boundary of Fifth Avenue.Some people say Lexington Avenue is an eastern most [...] Read More

Albany Bahamas Marina

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I just thought I would share this stunning photo of the Albany Bahamas Marina, it was snapped on New Year’s Eve during the club’s “Casino Royale” bash. As you may recall the club house was featured in the recent James Bond movie Casino Royale. The two center yachts pictured top out at over 200 feet [...] Read More

HALEVAI, A SUBSTANTIAL RECOVERY

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While areas like Arizona, Florida and Nevada are at risk for more declines, Manhattan’s residential market seems positioned to stay the course.  Will our recovery be stalled or substantial?  Halevai—it should only be substantial!  Read my Manhattan Market Watch to be published in the February issue of Mann Report.  On December 24th as 2010 was [...] Read More