if buy low, easier to sell high (d’oh!)The 20-unit Manhattan 2007 loft condominium conversion at 124 West 24 Street is an interesting laboratory for observing the behavior of rats buyers over time. The most recent data point is the October…
Year: 2011
over-optimistic loft seller at 124 West 24 Street still beats 2007 buy
Tagged with: Comps, Light, Neighbor, New Development, Nuclear Winter, Peak, Rational, Resale, Sponsor, West 24
old house guy takes a million dollar bath in new loft on Madison Square
real estate is a tough game, eh Bob?The end of the story through the sale of the Manhattan loft #20A at 15 East 26 Street (Fifteen Madison Square North) has been anticipated since one of the earliest television real estate…
Tagged with: Bob Vila, Celebrity, East 26, Flip, Franklin, Franklin Tower, Madison Square, Museum Tower, Old House, Townhouse
Sunday diversion / Wonders. Never. Cease. / Manhattan Bridge edition
never!Definitely late to the party on this, but so was my source. Good thing that good things on the inter-tubes are eternal. This prize-winning art installation from a DUMBO festival is a 5 minute “light show” on the Manhattan Bridge,…
Wall Street Journal flogs north Tribeca for no apparent reason
too much time on their hands?Believe me, I get that one purpose of the media wing of the Manhattan Real Estate Industrial Complex is to create ‘news’ about little neighborhoods, in part to follow a narrative of up-and-coming. This Wall…
Tagged with: Beach, Change, Hubert, Laight, New Developments, North West Tribeca, River Lofts, Sugar Warehouse, Wall Street Journal, Washington
170 Mercer Street loft sells after 15 months, 15% off neighbor in 2005
starting from the same place, going in different directionsThe last two residential lofts to sell at 170 Mercer Street in the Manhattan Loft Guy range of $500,000 to $5,000,000 (see the Master List of Manhattan Lofts Sold Since November 2008)…
primitive loft at 16 Crosby Street sells above ask under $900/ft
was it the (lack of) maintenance?The “2,700 sq ft” Manhattan loft #2F at 16 Crosby Street was available for only a short time, coming to market on July 15 at $2.35mm, going to contract by August 8, and closing on…
Tagged with: 2007, Comps, Crosby, Lofted, Maintenance, Neighbor, Primitive, Renovation, Rental, Soho
secretly very negotiable penthouse loft seller at 129 West 20 Street secretly negotiates a 28% discount
why not be public about it?What is the purpose of an asking price? Feel free to tell me what you think, as I am not shy about telling you what I think. A successful asking price does (should do) only…
Tagged with: Asking Price, Chelsea Quarter, Comps, Negotiability, Penthouse, Price Drop, Rational, Roof Deck, Terrace, West 20
Sunday diversion / baseball and Camus, seriously
but first, a more diverting diversionIt is better the older you are, I think. (How often do you get to say that?) Posnanski tracks major league baseball player quality by birth year. heavier stuff, but a diversion for mePart II…
holiday weekend diversion / leftovers
no, not those leftoversThese leftovers, and what Mark Bittman suggests you can do with the stuffing, potatoes, sauce and turkey that are still in your frig: http://www.nytimes.com/2011/11/20/magazine/rethinking-thanksgiving-leftovers.html?hpw And, as a bonus, an analysis of why we remember a sandwich with…
serendipity: 113 Prince Street loft that took a year to sell took 113 days to file deed
nothing happens quickly here, apparentlyThe sale of the “1,490 sq ft” Manhattan loft #5ER at 113 Prince Street is another example of not new news (like in my November 23, 67 Hudson Street loft closes off 9% from 2005, with…
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