offered in October, contract in OctoberYou know that bit of Conventional Wisdom about how a listing that stays on the market for months without a price drop, it is at the wrong price and will need a price drop to…
Month: February 2013
ridiculous patience rewarded with sale of 263 Ninth Avenue loft at small discount
Tagged with: Conventional Wisdom, Discount, Duplex, Heywood, Light, Ninth, One Bed Wonder, Patience, Pictures, Windows
tapered Flatiron project loft at 10 East 18 Street sells for $905/ft
the single bathroom is a tellThere are not many Manhattan lofts that are as large as the “2,874 sq ft” #5N at 10 East 18 Street (at the north end of the condominium 7 East 17 Street) that only have…
Tagged with: Bathroom, Broker Babble, East 17, East 18, Floor Plan, Gut, Layout, Longandnarrow, Renovation, Windows
42 Hudson Street loft was a very tight fit to close at $1,474/ft, up a ton
the limits of good design The “1,900 sq ft” Manhattan loft on the 2nd floor at 42 Hudson Street that recently sold is a lovely loft overlooking Duane Park (my personal favorite non-water view in Tribeca) that is designed within…
Tagged with: Duane Park, Hudson, Layout Floor Plan, Longandnarrow, Nuclear Winter, Peak, Renovation, Storage, Thaw, Windows
market corrects too-low price drop at Chelsea Mercantile, just as it's supposed to
Conventional Wisdom, vindicatedRegular readers of Manhattan Loft Guy know that I often observe that, absent a thin buyer pool, The Market will correct a price drop that is ‘too low’ by having multiple bidders push the clearing price above the…
Tagged with: Chelsea Mercantile, Comps, Conventional Wisdom, Discount, Layout, Light, Neighbor, Seventh, View, Volume
119 Chambers Street loft with roof view discovers its clearing price, eventually
nicely played, photographer; nicely playedThe listing photos in support of the recent sale of the “2,236 sq ft” Manhattan loft on the 4th floor at 119 Chambers Street don’t lie: that is the Gehry building and that is the Woolworth…
Tagged with: Chambers, Discount, Gehry, Motivation, Price Discovery, Rent, Taxes, View, Woolworth, Yearend
712 Broadway loft sellers are the very model of modern motivated sellers (and unhappy flippers)
4 drops in 80 days, selling at huge haircutBecause it can be hard to track sales by units in the 2-building coop that includes 712 Broadway and 714 Broadway, there is no sales price associated with the StreetEasy listing for…
Tagged with: Barrel Vault, broadway, Ceilings, Classic, Discount, Flip, Motivation, Noho, Psychology, Renovation
Julliard loft at 18 Leonard Street sells up 6% since 2007 (meh!)
sellers got their $500 backLofts that sold in the second quarter of 2007 were definitely within the froth that characterized the overall Manhattan residential real estate market leading up to The Peak of sales recorded in the first quarter of…
Tagged with: 2007, Broker Babble, Comps, Fireplace, Julliard, Leonard, Longandnarrow, Neighbor, Profit, Renovation
hyper-local market for 18 East 12 Street mini-lofts is up 14% YoY
a head scratcher’s specialIt is an understatement to say that The Market loves the “970 sq ft” Manhattan loft #2A at 18 East 12 Street. In 2011 it took 25 days to find a contract and only 40 days to…
did virtual staging cost 9 West 20 Street loft $100,000?
rather: is there a theory that explains an anomalous spread?At the risk of over-determining this apparent paradox, the very recent (January 31) sale of the “2,154 sq ft” Manhattan loft on the 7th floor at 9 West 20 Street at…
Tagged with: 2002, 3 Bedrooms, 4 Bedrooms, Comps, Dining Area, Layout, Longandnarrow, Neighbor, Renovation, West 20
Sunday diversion is a B&B special that does not involve an overnight stay
one is timely and eternal, one just eternalI have commented before that Grantland has a wonderful collection of writers with a focus on sports but a wonderfully broad range of interests. In re-filling my Instapaper reader the other night I…
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