Month: July 2009

why isn't a Tribeca premium renovation worth at least 250/ft?

a distraction?You’d think that a stem-to-stern high quality renovation of a Manhattan loft would both (a) cost and (b) be worth at least $250/ft, wouldn’t you? There is a loft in prime Tribeca that was gutted after being purchased in

Posted in renovation opportunities and rew Tagged with: , , , , ,

attack of the Killer Comp (when 2005 pricing does not help)

tough to price, if even 2005 is too highThere’s a pretty big Manhattan loft in a Chelsea corner that has been patient at an asking price around $1,100/ft for 3 months, which is just slightly less than the loft sold

Posted in market trends Tagged with: , , , , , , ,

didn't build it, but they came to 21 Bond Street at $692/ft

seek and ye shall findYesterday’s post, if you don’t build it will they come? buy + build opportunity, posited that $830/ft was not likely to get a deal done for a Manhattan loft that needed a build-out because other ‘finished’

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

if you don't build it will they come? buy + build opportunity

how does $830/ft sound if you have to build?There’s a Manhattan loft (fairly) newly for sale that caught my eye as a potential test of one of the limits that is more limiting in the current market than in prior

Posted in renovation opportunities and rew Tagged with: , , , , , ,

big loft, big roof / 43 East 19 Street penthouse closes under $4mm for (maybe) 4,100 sq ft + 2,050 sq ft terrace

condition is a question, size a smaller questionThe Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq

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

whose renovation is it anyway? the resale question

CW vs. MLGI had an off-line dialog with a Manhattan Loft Guy reader about his renovation plans. His question was whether using privacy glass that can be shaded at the push of a button (as used in the Manhattan loft

Posted in renovation opportunities and rew Tagged with:

29 East 22 Street closes but is the calendar off?

  which year is which sale? Let’s try something new for Manhattan Loft Guy. I give you two sales of same-size lofts in the same building, with condensed descriptions and listing histories, and you guess which one is from 2009

Posted in market trends Tagged with: , , , , , , ,

courage is rewarded / 161 West 15 Street sells in the sweet spot of a cold market

  easy on, easy off (sometimes), through tough compsHow’s this for getting it right? The Manhattan loft #2A at 161 West 15 Street came to market on January 16 and found a contract in 32 days (it closed May 12

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

down a million bucks, now pitching at a pre-2005 $625/ftaa

  a little limbo action?There’s a rather large Manhattan loft for sale at a new price that is $1mm less than the original asking price. When it came to market last Summer (happy birthday wishes are now in order) a

Posted in market trends Tagged with: , , , , , , ,

100 Reade Street sale is straight out of 2005 while wishing for 2008

which is when?This "1,550 sq ft" Manhattan loft sold for $1.545mm: "Stunning bright est. 1550sf … in one of TriBeCa’s most desired land marked addresses. Grand dining/living room with open kitchen flooded with southern light is perfect for entertaining while

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