Month: February 2010

courage punished, not rewarded, as 22 West 26 Street closes off 36% from first ask

  4 price drops, 49 weeks, blood on the tracksThe Manhattan loft #7H at 22 West 26 Street closed on February 2 at $1.215mm after a rather long slog and a pointed slap from The Market: it was first offered

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is BIG money back?

or, maybe, it never leftI generally don’t pay much attention to the very top of the Manhattan loft market; indeed, I cap my Master List of loft closings at $5mm. But someone just rubbed my nose with the tip-top loft

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master list of Manhattan loft closings is up to date!

finally!No kidding around … no one else has this data. I have just completed the Master List of Manhattan loft closings, bringing it up to date with deeds filed as of February 5 (the most recent available as of this

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Felix Woodrow Jenkins III, 10.8.61

  oxymoron? a long & lovely funeral kind of dayNo real estate content here, but indulge me while I note that a very long day Saturday for my friend Felix was a wonderful way to remember a terrific guy, to

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revisiting those embarrassing agents and their hot deal

  it did sell, off another 20%About a year ago I hit (in this case, really hit) agents who puffed, prognosticated, provoked and perplexed me and buyer clients of mine who had the misfortune of visiting these folks at an

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actual birthday of a President, February 12, 1809

  because not all Presidents were born on the same day!People of a certain age were schooled on the actual birthdays of at least two Presidents, a lesson made easier because (if memory serves) both were holidays then. Holidays nowadays

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celebrity sale at 43 West 13 Street, with history

why I need the NY Times and Curbed.comYesterday’s NY Times ran a piece about a 2 BR loft in Greenwich Village that took only two weeks to find a contract at the full asking price ($2.5mm, in 19 days, but

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'tis a puzzlement / moving upstairs at 644 Broadway

  comp analysis is screwed, perhapsI have been going back over Manhattan loft closings to update my Master List of loft closings (I have only about 8 weeks of closings left to do … this is hard). [Click here for

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the unique property next door at 114 East 13 Street, “sold” to a unique buyer

  if a neighbor buys, is that a comp? (maybe)The Manhattan loft #2B at 114 East 13 Street is another one of those loft sales with the StreetEasy notation "no listing associated with this closing", which is one indicator that

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REBNY does its job, takes anti-social stance against tax consistency

the problem with REBNYBecause all agents in all firms that are members of the Real Estate Board of New York are required to be REBNY members, I got a bit of email propaganda from the president of REBNY on behalf

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