which number is most impressive?There are several impressive numbers associated with the sale on August 16 of the “2,258 sq ft” Manhattan loft #3A at 245 Seventh Avenue for $2.8mm: that was the 6th time the loft has sold since…
Month: October 2011
is there a market for a $3mm 1-bedroom loft in Tribeca? (yup: at 25 N. Moore Street)
(in case you were worried)What is the ‘bigger’ (more impressive) way to describe a 1-bedroom loft: as a $3mm sale, or as “1,886 sq ft”? Both descriptions apply to the Manhattan loft #7C at 25 N. Moore Street (the Atalanta).…
why move to 4,000 sq ft 71 Murray Street loft from 44 Laight Street 4,000 sq ft loft?
not likely for a doormanIt is not quite right to say that the “4,021 sq ft” Manhattan loft #4A at 44 Laight Street (the Grabler Building) that sold on August 17 at $4.06mm (which was the subject of a post…
view is worth (only) 3%, or $36/ft, at 9 Murray Street (approx)
unless that was a rounding errorThe Manhattan loft #5NE at 9 Murray Street that sold in August is not a perfect match for the neighboring unit #11NE that sold in April, but the two units are very close siblings. The…
least expensive Tribeca loft ($471/ft!!) is 5 flights up at 145 Chambers Street
is it the maintenance, Mars? [updated Oct 19 about the mortgage]There are a lot of factors contributing to the very low market value of the “1,700 sq ft” Manhattan loft on the 5th floor at 145 Chambers Street as reflected…
Tagged with: 400 Club, 500 Club, Chambers, Coop Conversion, Due Diligence, Maintenance, New Development, Price Drop
romance sold the loft at 430 Greenwich Street, but it took a while
as Conventional Wisdom takes another hitOne hopes that Conventional Wisdom has enough self-confidence to shrug off the many times that people just ignore it. Sales like that of the Manhattan loft #5W at 430 Greenwich Street might cause an insecure…
Tagged with: Babble, Charm, Conventional Wisdom, Flexible, Floor Plan, Greenwich, Poetry, Romance, Window Seat, Windows
rent v. buy, or buy then rent in the loft laboratory of 448 Greenwich Street
small (loft) worldI don’t know why I was looking at loft rental data, but I know why the Manhattan loft on the 4th floor at 448 Greenwich Street caught my eye among that data. Buyers I was working with bid…
111 Fourth Avenue combination loft closes after 19 months at 30% off original ask
can you see a premium for a combined space?It should not be a surprise if the sellers of the Manhattan loft combination #2HIJ at 111 Fourth Avenue expected to be paid a premium for having put together 3 small lofts…
Tagged with: Combination, Comps, Conventional Wisdom, Fourth, Lofted, Neighbor, Ny Times, Premium, Renovation, Vtoy
129 Lafayette Street loft beats 2008 price, caps B-line frenzy
(there’s a trick involved)Yes, when the Manhattan loft #2B at 129 Lafayette Street sold on August 31 at $1.375mm, that price was an improvement of 18% over the last sale, in 2008. But that 2008 sale at $1.168mm was in…
Tagged with: 2005 New Development, Apartment, Comps, Cookie Cutter, Flip, Floor Plan, Lafayette, Lehman, Neighbor, Peak
20-26 N. Moore Street loft comps out needing $200/ft renovation
a different kind of paired resale analysisThe brief and highly successful marketing campaign of the Manhattan loft #5E at 20-26 N. Moore Street is fascinating on several levels: it is easy to read between the lines to see that this…
Tagged with: 2007, Bidding War, Comps, N Moore, Neighbor, Ny Times, Outdoor Space, Peak, Renovation, Views
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