did I say "large"?I wish I had a transcript for the negotiating that resulted in the June 12 closing of the Manhattan loft #4B at 73 Worth Street. The ‘simple’ facts are that it had been asking $3.2mm and the…
Year: 2009
why would you do that? flipping (trying) at 25% over February 2009
head-scratching ensuesThere’s a Manhattan loft new to market in a building that has had a fair amount of activity in the past couple of years. One bit of that activity was this very same loft, selling in February for $1.73mm.…
“gotta sell” at 315 West 36 Street, so dropped 40% — and sold
seven figures of motivationThe Manhattan loft #12C at 315 West 36 Street was marketed with some urgency, some big price drops, and all caps (I have taken that annoying formatting off): "major price drop, must sell immediately!!!". Darned if they…
biting a big bullet in little pieces / 9 Murray closes off 40%
price of "canvass" has plummetedThe Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in…
developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street
taking the money and runningIn looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In…
power of a coop board to reject a deal as “too low”??
protecting shareholders from market value???The Real Deal on-line June 16 flagged an interesting little item in a relatively obscure periodical that is mostly read (if at all) by Manhattan coop and condo boards, Habitat Magazine. With a tip of the…
'apartment' or 'loft' / sometimes you just have to laugh
still getting used to the new listing system, but smiling on occasionMy new mantra is if ‘change is good’, why is transition so hard? I offer that thought as a transition to this nugget in the Corcoran data-base that caught…
“absolute showplace” at 113 Greene Street in Soho goes for $918/ft (absolutely)
adding value did not increase price (much)The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other…
Tagged with: 2006, Ceilings, Classic, Closed, Greene, Light, Longandnarrow, Price Drop, Renovation, Windows
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…
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…
Top
Follow Us!