2 years + 1 reno = $400k (or not) Ofttimes the Manhattan loft buyer looking for ‘value‘ must go far afield, away from the loft havens (Tribeca, Soho), to make ‘a deal’. One such possible opportunity is today’s candidate…
Year: 2009
disconnect / sellers struggle to find The Market
The Miller graphs itInteresting graph on yesterday’s Curbed contribution from The Miller, Three Cents Worth: Listing Discount A Spiked Punch . Bottom Line is that what The Miller calls Listing Discount (the gaps between the last listing price and the…
99 cent pricing on eBay leads to $400/ft under-pricing by FSBO loft seller in Noho
‘interesting’ times call for interesting measures? I came across a FSBO loft listing on NYTimes.com this week for 718 Broadway #6B, which at that time was asking a rather conventional $1.295mm for about "1,400 sq ft". It caught my…
(kinda) quick trip to closing, but a long trip off ask at 147 Waverly Place
flipping can be stressful, no? (+ exciting) The story of the marketing and sale of Unit 1E at 147 Waverly Place (a ‘successful’ flip) is not a long story (except as I tell it), but it packs a punch. But first,…
Tagged with: 2006, Closed Sale, Flip, New Development, Price Drop, Real Deal, Sixth Avenue, Theater, Waverly
diversion / art from a Manhattan loft neighborhood
mental health break? (or…) A buddy lives on the 9th floor of a loft building near Madison Square Park and has been painting what you would expect with a website with this URL: http://theviewoutmywindow.com/index.htm . Water towers, rooftops, water towers,…
Manhattan loft inventory as of February 8 = 926
Number of Manhattan lofts offered for sale as of Sunday night definitely continues to reflect a bulging inventory: price range # of lofts $500k to $999k 131 $1mm to $1.99mm 352 $2mm to $2.99mm 220 $3mm to $3.99mm 88…
Tagged with: Inventory
new Manhattan loft listings + closed sales in last 7 days
This is the sixty-seventh 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:…
Tagged with: Clement Clarke, Greenwich, Mews, New Listings, Sales, Tribeca Summit, West 22, West Broadway
pushed it just enough for contract, eventually
April = then; February = nowI can’t wait to see how this ends, but the listing history of this newly-in-contract, current century, high-end Manhattan loft condo conversion is fascinating enough to warrant a comment even before the clearing price is…
the worm turns, as West Broadway now wishes it were more popular
the ignominy of losing out to BroadwayNot sure how long this link to a Crain’s Small Business Newsletter (dated Jan 31 but distributed Feb 4) will last, but the gist is that West Broadway as a Soho retail corridor is…
Tagged with: broadway, Charm, Crains, Hamptons, Jersey Shore, Meat Packing, Retail, West Broadway, West Village
the (boring) details about building financials that can prevent your loft from selling
especially smaller loft buildings I have heard a couple of stories in the last few weeks from an agent and a mortgage lender about how some of the arcana about a Manhattan coop’s or condo’s finances make it difficult or…
Tagged with: Coop Board, Default, Fannie, Fidelity Bond, Freddie, Lending Standards, Managing Agent, Mortgage, Ny Times
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