Month: June 2009

price drop can re-set expectations IF low enough

probably not low enoughThere’s a Manhattan loft newly returned to market in a brand-name Tribeca building that has been for sale for quite a while. It is now on its third firm and fourth price. It is hard to see

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opportunity knocked at 60 West 15 St for $828/ft (and more), answered at $622/ft

the incredible vying architects + designers The Manhattan loft on the 4th floor at 60 West 15 Street was marketed as a masterpiece (to be), with the interesting come-on that "architects and designers are vying to renovate" it. At "3,133 sq

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neighborly competition / laggard at 144 West 18 Street closes off 15% since December

first one to $1.7mm winsTwo Manhattan lofts at 144 West 18 Street (known, not poetically, as the Chainworks Building) closed 6 months apart. You won’t be surprised to learn that the one that closed 6 months ago (#4N) closed higher

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getting out of the Zinc with some of shirt, as 475 Greenwich flips

not much fun, or profitThe Manhattan "loft" #3A in the new building dubbed Zinc, 475 Greenwich Street (love the Tribeca pix and Talking Heads on the building’s website), sold in the first offering for $2.45mm and was immediately (10 days;

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ending up where they started / $4mm closing at 99 Jane

head scratching in a thin marketThe Market just proved that the Manhattan loft #10A at 99 Jane Street is worth $4mm, as that is the clearing price just now publicly available from the May 30 closing. That strikes me as

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new listing + sales data OH NOES / (over) optimism stopped by Dreaded Data Discontinuity

can this data set be saved?In my announcement that Manhattan Loft Guy (the guy, not the blog) has found a new home at Corcoran (June 4, ch ch ch changes … the Guy moves to Corcoran in Soho) I offered

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4 months to close, 4 years to zero out at 260 West Broadway

threading the needle to a quick sale, through the Way Back Machine The Manhattan loft #5G at 260 West Broadway (the American Thread Building) slid through The Market this year, starting on January 8 and finishing on May 6. (Not

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ch ch ch changes … the Guy moves to Corcoran in Soho

  nothing stays the same, eh?This will be brief, for now. I brought my license over to Corcoran’s Soho office yesterday and started training today on a new listing system. I had a great run at Coldwell Banker Hunt Kennedy

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at 65 West 13 Street, 3 years = off $20,000, but last year …?

how they could they not regret?If you drew a line between the fair market value of the Manhattan loft #8D at 65 West 13 Street (The Greenwich Condominium) from the sale in May 2006 at $2.22mm and the sale in

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Manhattan loft inventory as of May 31 = 983

  Number of Manhattan residential lofts offered for sale as of Sunday night continues to reflect a bulging inventory, up a bit this week after two weeks of slight dips:   price range # of lofts $500k to $999k 159 $1mm

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