the best comps are close in time, size and location, with few adjustmentsApparently The Market thinks that the difference between “1,100 sq ft” of “great bones” and “1,100 sq ft” of “meticulous renovation” and “superb craftsmanship” is $92,500 in Tribeca.…
Month: April 2012
Soho and Artist-In-Residence are back in the news, oddly
“hunting”? “harassing” really??I found this headline from DNAInfo Tuesday rather bizarre, Group Hunts Non-Artists Wrongly Living in SoHo and NoHo Lofts, and the article only slightly less so. It sounds as though some folks are targeting undocumented immigrants residents; in…
endless possibilities cost $1,160/ft in quiet Noho, at 325 Lafayette
are you following the disconnect here?Yesterday it was an artist’s loft of “3,300 sq ft” in the bottom of Soho that cleared for $742/ft (April 16, artist loft clears at $742/ft in south Soho, 307 West Broadway). Today it is…
Tagged with: Carrying Costs, Certificate Of Occupancy, Comps, Gut, Lafayette, Mulberry, Neighbor, Noho, Possibilities, Renovation
artist loft clears at $742/ft in south Soho, 307 West Broadway
how much more to create that masterpiece?There is a great span of values for primitive lofts, isn’t there? Today’s specimen is the “3,300 sq ft” Manhattan loft on the 6th floor at 307 West Broadway, a roughly 36 x 90…
Tagged with: Artist, Canal, Classic, Columns, Longandnarrow, Ny Times, Primitive, Renovation, Soho Mews, West Broadway
Sunday diversion / has to be baseball by now, right?
or, at least baseball relatedIf you think this guy on Grantland is a sanctimonious jerk, so what? Read it anyway. (I don’t think he was under the desk next to me in 1962; I remember doing this in the hallway.)…
beautiful Saturday diversion / beautiful city, time lapsed
these things never get old (for me, at least)This one, "both striking and soothing"(!), is worth 3:08 of your time. Who knew? The city that never sleeps, can soothe. It starts with the Flatiron and pauses in the Meatpacking, so…
why did 48 Great Jones Street 1-bedroom loft sell 18% above Peak value?
“masterful renovation” does not explainThe story line for the recent sale of the “2,564 sq ft” Manhattan loft #6R at 48 Great Jones Street seems pretty obvious from the broker babble and the price history. The loft has been “[m]asterfully…
Tagged with: Bond, Comps, Efficient, Field Of Dreams, Great Jones, Micronabe, Neighbor, Peak, Rational, Renovation
loft at 4 West 21 Street an outlier, closes 9% off 2006
can we just put them in red?One of the major challenges with considering market values of Manhattan loft (whether you are an agent representing a seller, a buyer, or one of the many interested bystanders), is figuring out which sale…
Tagged with: 2006, 4w21, Den, Floor Plan Efficient, Maintenance, New Development, Operating Budget, Paired Resale, Resale, West 21
motivated seller sells classic Soho walk-up loft barely above 2005 at 477 Broome Street
the proof is in the askThe seller of the very well-dressed but also well-staired “982 sq ft”* Manhattan (mini) loft #34 at 477 Broome Street proved she was motivated by asking for a modest premium over the price she paid…
Tagged with: 2001, 2005, Broome, Conventional Wisdom, Discount, Miniloft, Paint, Renovation, Stairs, Walkup
195 Hudson Street loft takes deep haircut to close up 385% (since last century)
speaking of low-balls …Since the “2,325 sq ft” Manhattan loft #3D at 195 Hudson Street recently sold at $2.85mm after having been asking $3.5mm, you have to wonder just how low that negotiation started. A negotiated discount of 18.6% implies…
Tagged with: Bidding, Comps, Discount, Floor Plan, Glass Walls, Hudson, Low Ball, Negotiation, Neighbor, Renovation
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