there goes the view!Twice this week I have used the Lexington Avenue local station at 28th Street & Park, observing that the parking lot on the southwest corner is boarded up and that the building to the south on Park…
Year: 2010
small Chelsea Merc loft dresses up + trades up 14% since 2007
bang for the buck?Sometimes just a little bit of “renovation” juices the market. The Manhattan loft #3M at 252 Seventh Avenue is one of those generally less-favored lofts in the iconic Chelsea Mercantile, being on a low floor and having…
Tagged with: Chelsea Mercantil, Comps, Light, Low Floor, Merc, Neighbor, Renovation, Seventh Avenue, View, Window
One Bed Wonder at Glass Farmhouse lofts goes for $4mm
a very large One Bed WonderThe New York Observer observed late last week that A Famous Photographer just sold a penthouse of 2 long-combined lofts and roof terrace at 448 West 37 Street [the Glass Farmhouse] for $4mm. While the…
Tagged with: Combination, Glass Farmhouse, Ny Times, Observer, Penthouse, Real Estalker, River, Skylight, Terrace, West 37
remarkable patience! 23 months to close 10 White Street loft
sweaters during the nuclear winter?The listing history for the Manhattan loft on the 3rd floor at 10 White Street is unusual because most sellers who came to market when Lehman fell did not stay on the market continuously if they…
Saturday diversion: not an anniversary, really, but a good excuse
ALDS game 3, nine years agoYou baseball fans will know what I mean if I refer to The Jeter Play that helped the Yankees stave off elimination years ago in Oakland. In fact, I missed that play live (it was…
the limits of Infinity (Lofts) / 2007 new development trades 15+% off at 24 East 21 Street
even Infinity has limitsI hit 24 East 21 Street #5 at Infinity Lofts yesterday as one of a pair of Manhattan loft sales that featured a “pop-up” contract (one signed after a long period of being Off The Market; nice…
the puzzle of pop-up contracts, signed long after Off The Market at 144 West 27 Street and 24 East 21 Street lofts
odd sequenceWhat is missing from these sequences? 144 West 27 Street #9R: June 26, 2009 new $2.2mm Sept 17 $2.295mm Nov 10 off May 20, 2010 contract July 22 sold $2,428,700 24 East…
loft with three mints at 130 Watts Street close off 5% from 2005
guessing at The PeakThe fact that the Manhattan loft #3N at 130 Watts Street sold on July 21 at 5% under where those sellers bought in October 2005 is (to me) interesting enough. That sequence lead me to ruminate about…
Manhattan as sublime +/or a stockyard / the Quote Of The Day
so much to read, so little timeToday’s QOTD comes from Lapham’s Quarterly / a magazine of history and ideas (h/t Andrew Sullivan), into which I have barely dipped a toe. His October 3 Preamble includes this insight (one small part…
22 Mercer Street loft market is VERY efficient (for now)
well, it’s a theoryGenerally speaking, the Manhattan real estate resale market is not terribly efficient, in the economic sense. First, because real time accurate information is not widely held (among other factors: in contract status, actual condition of units); second,…
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