Month: January 2010

what's up with this down? Sugar closes on Laight Street under $1,000/ft

wishing for 2008?The last time I hit sales at 79 Laight Street, December 4, 2008, Sugar is sweet but 79 Laight Street closing is better, there were several recent sales. One was just under $1,000/ft, the other was nearly $1,100/ft.

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why hire a low-life as property manager? 'cuz you didn't know

ignorance is expensiveThere were reports in the press this past week about Richard Bassik, a Manhattan property manager accused of stealing from downtown clients that caught my eye because I know the guy … at least, I worked with him

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148 West 23 Street sale treads long water (swallows some)

  from 2004 to 2007 to 2010 without getting anywhereThis history is remarkable, perhaps mostly because there are three data points, but also because the three data points overlap so much. The diminutive Manhattan loft #7E at 148 West 23

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for rejected coop buyer: screwed? yes; recourse? not so much

Manhattan real estate is not a benevolent universeI referred a week ago (Jan 20, adventures in nephrology / about that kidney donation….) to a long phone conversation with a long-time Manhattan Loft Guy reader as something "for another post". Here’s

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“unspoiled” loft at 70 Thomas St sells for $511/ft

some agents don’t (always) babbleYou’ve read a lot of broker-babble in the descriptions of Manhattan lofts for sale, and in this sense I mean "babble" as in drivel: those words that take up space but — especially when strung together

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2 cuts (deep), 5 months (short) to contract at Dietz Lantern, 429 Greenwich Street

getting it doneThe Manhattan loft Unit 6B at 429 Greenwich Street, northwest Tribeca’s Dietz Lantern building, closed on December 22 (deed filed January 8) at $2.45mm, the culmination of a fairly serious marketing campaign. They started in May at $2.999mm

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adventures in nephrology / about that kidney donation….

people say they want to knowI continue to be amazed and gratified by the number of people who have reached out to me after I went AWOL from Manhattan Loft Guy for the entire Fall. (Just today I had a

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the last 13% haircut drives new development deal at 135 West 14 Street

down $950k overallThe Manhattan loft #5 at 135 West 14 Street is the latest sale at the new condo construction "Loft 14", having closed December 22 (deed filed January 14). The "2,161 sq ft" floor-through has a classic Long-and-Narrow loft

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riddle me this / the naked data point at 35 Wooster Street

  what does it mean?I had a WTF? moment when I noticed the December 28 "sale" of the Manhattan loft #4F at 35 Wooster Street, as the clearing price was a most un-lofty $985k for space said to be 2,100

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double your money in 10 years! 135 West 17 Street does the deed

  from "published" to "renovated classic"The Manhattan loft #4B at 135 West 17 Street closed on December 22, but this qualifies as late-breaking news because StreetEasy says the deed was filed yesterday. This was billed as "2,400 sq ft" of

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