Month: May 2009

644 Broadway loved that first bidder: sells within 15 weeks, contract in 6, 1 price, 14% discount

  [update: apologies for the weird formatting; I think I fixed most of it] yes, "museum quality" around $1,000/ft, but there’s a larger point, + 2 bromidesWhen I hit the Manhattan loft #2E at 644 Broadway on April 27 (price

Posted in psychology of the market Tagged with: , , , , ,

how to get cash in 10 weeks / negotiating to close at 155 Hudson Street

no secret formulaHow’s this for a lovely trajectory in a challenging market? The Manhattan loft #4N at 155 Hudson Street came to market on February 20 at the wrong price ($2.395mm) but they (apparently) really wanted to sell and they

Posted in loft neighborhoods tribeca Tagged with: , , , ,

4 years = $15,000 at 477 Broome Street

same story, different yearThe Manhattan loft #33 at 477 Broome Street recently delivered a new data point, with history:April 12, 2005 = $950kApril 29, 2009 = $965k This history nearly precisely parallels the 2006-2009 history of a loft profiled a

Posted in loft neighborhoods soho Tagged with: , , , , , , , ,

Manhattan loft inventory as of May 24 = 976

  Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, but is down again this week off the record high:   price range # of lofts $500k to $999k 156 $1mm to

Posted in market data reports Tagged with:

new Manhattan loft listings + closed sales in last 7 days

  This is the eighty-second Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.The stats as of Sunday night:

Posted in market data reports Tagged with: , , , , , , , ,

perfectly bad timing for 19 Bond Street to flip

in this one of the 8 million stories, June 2008 less 14% = April 2009The Manhattan loft #2A at 19 Bond Street is one of those poster children. In fact, it is at least two of those poster children. The

Posted in loft neighborhoods noho Tagged with:

price discovery is (still) a female dog / flailing in Flatiron

not finding buyers at that level, or that oneThere’s a lovely classic Manhattan loft for sale (nearly all of) the last 9 months. It has always been difficult to value lofts in small buildings that don’t have a lot of

Posted in loft neighborhoods flatiron Tagged with:

new Manhattan loft listings + closed sales in last 7 days

  This is the eighty-first Manhattan Loft Guy report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.The stats as of Sunday night:

Posted in market data reports Tagged with: ,

Manhattan loft inventory as of May 17 = 990

Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, but is down 3% this week off the record high (back to where it was on April 12):   price range # of

Posted in market data reports Tagged with:

into the way-back machine to close at 42 East 20 Street, down seven figures

not bullish at allThe bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have

Posted in loft neighborhoods flatiron Tagged with: , , , , , , ,