Month: October 2012

how the pros do it: 497 Greenwich Street loft was bought low, sold high

it took cojones to buy thenThe semi-famous folks who just sold the “2,541 sq ft” Manhattan loft #7A at 497 Greenwich Street in the extreme western edge of “Soho” (this micro-nabe does not feel like Soho to me, but I’ve

Posted in loft neighborhoods soho Tagged with: , , , , , , , , ,

15 Broad Street loft resellers could not move to Idaho until they accepted what the Manhattan market would give

(could not move their money, at least)I admit it: sometimes I get stuck on trivia when reviewing Manhattan loft sales. In the case of the recently sold at $1.57mm “1,458 sq ft” loft #3230 at 15 Broad Street (Downtown by

Posted in lofts in other neighborhoods Tagged with: , , , , , , , , ,

private loft sale at 150 Nassau Street might be an arm’s length deal

or notAlready a Manhattan Loft Guy fave building, the newest sale there is an apparently private, possibly arm’s length deal transferring the “1,793 sq ft” Manhattan loft #16C at 150 Nassau Street from an Inc. to an LLC for $1.7mm.

Posted in lofts in other neighborhoods Tagged with: , , , , , , ,

were sellers of 21 Astor Place loft more motivated this year, or was market stronger than in 2011?

the numbers say there is a story, but not what the story isThe sellers of the “1,436 sq ft” Manhattan loft #10A at 21 Astor Place gave it a long shot last year, asking $2.25mm almost six months before taking

Posted in loft neighborhoods noho Tagged with: , , , , , , ,

renowned designer created 'masterpiece' loft for himself at 130 Barrow Street, parts with it for money

can you say sui generis on a real estate blog?If you have ever been in lofts in this building you will not recognize the “704 sq ft” Manhattan loft #309 at 130 Barrow Street, which just sold. Lofts here are

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how the pros do it: raise the price, get the price for 66 Ninth Avenue loft

a new building recordThe media last week was all over the recent sale of the “2,271 sq ft” Manhattan loft #6W at 66 Ninth Avenue (the Porter House) because the seller is a retail real estate honcho. The stories (from

Posted in loft neighborhoods chelsea Tagged with: , , , , , , , , ,

schizo seller succeeds with 224 West 18 Street loft by zigging, then zagging

success, but no points for styleThe “2,002 sq ft” Manhattan loft #7C at 224 West 18 Street just sold at a very, very small discount from the asking price, so that’s an impressive bit of work. But I am intrigued

Posted in loft neighborhoods chelsea Tagged with: , , , , , , , , ,

psst! wanna see a picture of The Trough? look at 477 Broome Street loft sold in 2009 and 2012

(and 2005)The most casual fans of the overall Manhattan residential real estate market understand the cycles of Froth-into-Peak-into-Freeze-into-Thaw; the rabid can probably draw a graph by hand. If a picture is worth a thousand words, how many words is one

Posted in loft neighborhoods soho Tagged with: , , , , , , , ,

price discovery proves to be a female dog for authentic Soho loft at 66 Grand Street

history is longer than it looks on The Master ListBecause I use an arbitrary cut-off of 90+ days off market to re-set the Days on Market calculation on the Master List of Manhattan Lofts Sold Since November 2008, the recently

Posted in loft neighborhoods soho Tagged with: , , , , , , , , ,

hard to believe we are talking again about coop boards' power to reject price as too low

if New York Times front pages it, ‘we’ are talking about itI will confess to a dropped jaw on seeing tha main article in this past Sunday’s New York Times Real Estate section: Board to Buyer: Nah. Not at That

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