Month: May 2007

3,600 sq ft of

  Chelsea loft at $920/ft lasts 3 months Couple of puzzles about the 2d floor at 129 West 22 St, which went into contract this week off an asking price of $2.995mm ($3,000/mo maintenance): (1) how is a full-floor loft

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price drop at Ruggles House, getting to the point of pain?

  I touched on 112 E 19 St #3F in my May 4 open house review [3 Sunday loft open houses $2.3 – $2.5 (each with history)], when it was offered for $2.35mm, a $200k premium over the January clearing

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advantages to the much-maligned coop ownership, vs. condos

  getting rid of a bad neighbor is much easier in a coop Another interesting bit in Sunday’s NY Times Real Estate Q + As section deals with one way in which coop boards have much more power than condo

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patience pays? 429 Greenwich births a contract

  8 months later, #4B is in contract without a price change #4B at 429 Greenwich St was the apple of its owner’s eye when it was first offered for sale in September at $3.1mm ($2,780/mo) and now – nearly

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identity theft, anyone? / what really happens to confidential purchase applications?

  why are 6 copies of my tax returns in the trash at my new building? One of yesterday’s Real Estate Q + As In the NY Times (How Confidential Are Applications?) deals with one of those dirty little secrets

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  #3N at 10 Leonard St just went into contract this week after six months on the market, off an asking price of $1.199mm (and a relatively high maintenance for a non-doorman loft of $1,157/mo for a 1,000 sq ft

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Tribeca at $1,000/ft (or less)

  Transportation options don’t get much better than at 261 Broadway (opposite City Hall), with every Manhattan subway that gets that far downtown passing with a couple of blocks. Unit #5E (the first listing at is newly for sale

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is 4,600 sq ft enough? 2 chances at 17 W 17 St

  raw loft space at $700/ft I blogged about the 3rd fl unit at 17W 17 St when I saw three West 17th Street lofts within a short time in December (selling West 17th St / 3 very different lofts

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NYT on Condo Rules

  hysteria sells old grey newspapers? The NY Times piece yesterday about a trend in which some Manhattan condominium boards behave like coop boards (Condo Boards Tighten the Rules) is an unfortunate load of fluff on its most essential point.

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new this week off Un Sq / 105 E 16 asks $1.375 for what?

  105 E 16 St #3N is so new there is only one picture (does that say “excellent light” to you?? is that Lou Dobbs on the screen?) and no floor plan. Likely to be more soon, and maybe an

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