no cash in just riding a wave The Manhattan loft #B406 at 250 Mercer Street closed on December 1 at $1.65mm, a far cry from the asking prices in 2007 and 2008. If only… It is just not enough to…
Month: January 2011
250 Mercer Street loft rode peak without selling, just sold off one-third
Tagged with: Combination, Comps, Disappointed Seller, Efficient Market, Maintenance, Mercer, Neighbor, Peak
loft that missed The Peak at 30 West 15 Street comes back to sell, modestly but successfully
very quiet local market30 West 15 Street is a classic Manhattan loft building of its type: a handsome 12 story building built about 100 years ago with 21 coop units (converted 1980), and a North unit and South unit on…
Tagged with: 2007, 2008, Alchemy, Comps, Empire State, Neighbor, New Development, Peak, Views, West 15
weekend diversion: what to make of the Amazing Strangers of Union Square?
anthropology or voyeurism?This has been sitting on my virtual pile of interesting because it is weird or interesting because it is disturbing? for six weeks, and I have never been able to figure out which it is, or what it…
rare Manhattan coop foreclosure set for Broome Street loft
bring an artist certificate?A couple of story lines intersect on Broome Street this month. The first has to do with the dip in foreclosures in New York City since 2009 and their relative scarcity in Manhattan; the second has to…
345 West 13 Street loft is candidate for sale of the year, but the year was 2009
[oops — left off the title for 45 minutes]December 2010 sale was pretty sweet, howeverIt seems like only yesterday that I was wondering whether a Manhattan loft that sold above ask after having been on the market forever was…
Tagged with: 1999, 2005, 2009, Distress Sale, Fair Market Value, Hudson, Lehman, Meatpacking, Nuclear Winter, Panic
Manhattan loft market mirrors overall market (boring!), except (slightly) outperforms on inventory
data is dumped, for nowAs is my custom following the quarterly reports, the two tables below break out the (limited) loft-specific data from the three major firms that do quarterly market reports for Manhattan residential real estate and then provide…
Tagged with: Corcoran, Halstead, Median Price, Miller, Miller Samuel, Quarterly Report, Streeteasy, Trends, Volume
fourth quarter Manhattan residential market reports hit / what's your favorite number?
that time of the year againIt would have been too much to expect that the number crunchers could have dug out soon enough to have delivered numbers to the press under embargo last Friday (aka, last year), so the flurry…
Tagged with: Barbanel, Corcoran, Halstead, Miller, Miller Samuel, Quarterly Report, Streeteasy, Toy, Trends, Volume
revisiting Manhattan lofts memory lane: MLG on January 3, 2008 + 151 Hudson Street from 27 years ago + a modern update
serendipity is a wonderful thingI no longer recall what I was searching for in the Manhattan Loft Guy archives last week (or whether I even found it!), but I did come across this nugget from January 3, 2008, tales of…
Tagged with: 1980s, Harassment, History, Holland Tunnel, Hudson, Loft Board, New Development, Primitive
Heywood loft sale (263 Ninth Avenue) is candidate for strangest sale of the year
not a winner, yet, except in The MarketHaving just done end-of-year posts of personal and reader favorites from the Manhattan Loft Guy 2010 archive, I suppose it is natural for me to react to an odd listing history by wondering…
Tagged with: 2006, Ceilings, Chelsea Mercantile, Heywood, Housing Authority, Light, New Development, Ninth, View, West 26
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