but only 15% off A Manhattan loft on the 5th floor at 69 Wooster Street closed in April under $1,000/ft, despite the fact that it was "newly renovated in a classic but modern style" and a ridiculously low maintenance…
Month: July 2009
dropping $2mm to make an un-lofty sale at 175 Sullivan Street
back story tells the story Officially, the Manhattan "loft" #4A at 175 Sullivan Street was on the market only since January 2009 ("starting" at $3.25mm) before closing on June 16 at $2.65mm — an apparent 18% discount. But the…
Tagged with: 2007, Ceilings, Contract, Lehman, Negotiation, Neighbor, Neighbors, Price Drop, Sullivan, Village
107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury
new times, new values The Manhattan loft #5B at 107 West 25 Street closed on June 25 (the deed was just filed last week), the first loft to sell in this small building since 2007. Please raise your hand…
more computation challenges: asking $1,100+/ft after next door sells under $900/ft
metaphysics 101: possible, yes (isn’t everything?) but likely, not so muchThere’s a Manhattan loft new to market in an up-and-coming loft nabe (at least Manhattan Loft Guy thinks so). Lovely space; lovely views. Problem is that it features been-there-done-that (didn’t…
Tagged with: None
does not compute / 2007 + 10% = no sale?
will aggression be rewarded? (you can guess)A not-quite-recent new listing of a Manhattan loft caught my eye because it is in a building in which i have recently looked at a recent sale compared to past sales, and found a…
50 Warren Street closes, off 45% from original ask + 14% off 2005 price
how do you spell O – U – C – H ?It is fair to assume that the sellers of the Manhattan loft on the 3rd floor at 50 Warren Street were quite frustrated with how … realistic … they…
Tagged with: 2005, Chambers, Discount, Long And Narrow, Negotiation, Price Drop, Sothebys, Square Feet, Warren
comparing 2Q Manhattan loft data + overall market / the case of the missing lofts
the race to publish ended with a boom this quarter The three major firm market reports for the Second Quarter 2009 came out last week, essentially at the start of the holiday weekend. You’ve probably seen enough of the…
Tagged with: Corcoran, Halstead, Inventory, Market Reports, Median, Miller Samuel, Price Per Foot, Q2, Terra, Volume
40 West 17 St sells, but it's beginning to look a lot like Christmas … 2004
June 2004 price + 6% = July 2009The Manhattan loft #9A at 40 West 17 Street sold in June 2004 for $1.435mm and last week for $1.525mm. Let that sink in for a second…. I know you can’t really do…
Tagged with: None
will pricing 25% below 2007 hit The Market in a sweet spot?
will a modest asking price be rewarded?There’s a lovely Manhattan loft newly offered for sale at about 15% above where it was bought brand new 4+ years ago. Why do I think this is a modest asking price? Neighbors downstairs…
shorn but sold at 109 Greene Street
doing what you have to doThe Manhattan loft #2B at 109 Greene Street has sold three times since it was brand spanking new in 2005. This is going to get bumpy, but let’s get out some facts (closing dates and…
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