Tax Tax Baby
Even if Dolly Lenz doesn’t believe that de Blasio will “kill the goose who laid the golden egg,” there has been much terrified speculation in the real estate industry about what impact the mayor-elect will have on the real estate market. Still, before pitching a fit about potential tax hikes, New York City homeowners would do well to take advantage of the tax breaks that are currently available to them.
Only half of New York City residents currently receiving the Basic STAR state property tax break this year have registered to receive the break this coming year, according to the Independent Budget Office—far below the statewide average of 66 percent. In order to receive the benefit, homeowners must register by December 31.
Hello! It’s Mr. Monocle, here to once again regale you with tales of my journeys. This month’s destination is a little different. Instead of the usual jaunt to some godforsaken hellhole, I decided to stay in Manhattan. In the spirit of the holiday season I visit one of my favorite spots… the famed Algonquin Hotel! Read More
Noah Freedman is going to make real estate fun. The Co-founder of BOND New York is transforming the boring text of lease contracts into a vibrant, lifestyle decision. NYO reached out to Noah to discuss BOND’s latest projects, an original in-house publication, BOND Magazine, and a soon-to-come app for smartphone users. Read More
Backstage at Madison Square Garden’s Stand Up for Heroes benefit, a double-amputee veteran waited with his mother, as he prepared to go onstage to fulfill his—and probably many other people’s—lifelong dream of playing backup for Bruce Springsteen. Nearby stood a 76-year-old man with one eye clouded over with a diabetic cataract. That man approached the veteran and said, “What happened to you?”
“I lost them in the war,” the young man replied, referring to his lower legs.
The old man fixed his good eye on the veteran and patted him twice—thump, thump!—on the thigh. “Oh yeah, you lost them?” he grinned. “Well, where did you put them?”
A moment of silence passed. And then another. And then the man’s mother began to laugh.
While taking lunch seems to be a dying privilege in NYC, there are still some New Yorkers who have time for leisurely midday meals. Last week, supermodel and entrepreneuse Petra Němcová invited us to lunch at Jean-Georges Vongerichten’s ABC Cocina, where we chatted about her recently launched sustainable home decor company, Be The Light, which is based on her extensive global travel.
Carly Simon‘s 1970s hit You’re So Vain owes much of its success to Ms. Simon’s prodigious songwriting talents. But the track’s longevity doubtless has something to do with the riddle of its intended target. Possible candidates include Mick Jagger, Cat Stevens and Warren Beatty, and a 2003 auction for charity saw the answer divulged for the price of $50,000 to an NBC executive, who agreed not to leak the secret. (Seven years later, Ms. Simon laughed off the supposed revelation that it was about David Geffen.)
Still, for all the high-profile relationships of her past, the songwriter has been single since 2007—when she was divorced from businessman James Hart—which seems to imply an unfortunate waste of the ”romantic master suite with windowed bathroom, bedroom and enchanting sitting room with treetop views” recently credited to her West Village apartment by a listing with Nick Gavin at Corcoran. Ms. Simon appears to have no use any longer for the master suite—or any other part of the apartment, for that matter—having just sold her duplex co-op at 46 Commerce Street for the $2.3 million asking price, according to city records (rumors of the sale were first reported in The Post).
The Eight-Day Week
When I think of Hanukkah, I don’t necessarily think of The Guinness Book of World Records, but I love the fact that the official Guinness-certified World’s Largest Menorah will be lit with its first candle tonight, with additional ones added in public lightings through Dec. 4. Aside from it being a 32-foot-tall, gold-colored, 4,000-pound steel structure, it has specially designed glass chimneys to protect it from wind. Bonus: On Sunday, there’s free chocolate gelt for kids and latkes, as well as live music, singing and dancing.
There was a time, long ago, when national politics and New York politics were nearly one and the same. From 1928 to 1948, the state produced a presidential candidate every year, and in 1944, both presidential candidates, Franklin Roosevelt and Thomas Dewey, called New York home.
The long Thanksgiving weekend promises to be slow in and around City Hall. That will give Mayor-elect Bill de Blasio a chance to catch up on some reading and perhaps reflect on the changes he has promised to bring to post-Bloomberg New York. We’d recommend that he consult a new study conducted by Cushman & Wakefield’s capital markets group—it shows that, for the third straight year, New York is home to the world’s largest real estate market.
Bright Lights Young City
How do you figure out that Toronto is the most “youthful city” in the world, but good ole New York is number three? Read More