‘tis a puzzlement The Market just loved the “1,800 sq ft” Manhattan loft #5E at 45 Lispenard Street, as we see from the fact that it sold on April 25 at $2.2mm after selling at near-Peak for just $1,988,500.…
Year: 2013
45 Lispenard Street loft takes a year to sell at small discount to ask, 11% premium over Peak
Tagged with: Bidding War, Broker Babble, Discount, Empire State Building, Layout, Lispenard, Rational, Square, Views, Windows
diversion for mothers (and mofos) on a beautiful Sunday
(on which it, somehow, forgot to rain) I flagged this item from Gothamist when it was fresh on April 29. Today is a good day for a lovely (they say “phenomenal”) aerial photo of New York City, taken from…
diversion: do we need to see patterns where none exist?
Big Data = opportunities Data are information, not knowledge. The New York Times Well blog post this week (Are ‘Hot Hands’ in Sports a Real Thing) is based on a study of five entire seasons of free throws in…
Tagged with: Basketball, Big Data, Bowling, Diversion, Free Throws, New York Times, Patterns, Statistics, Uncertainty
disappointed seller of 121 West 20 Street loft accepts 25% below first ask
many numbers, just one sale Facts are, of course, facts: the “1,875 sq ft” Manhattan loft #2A at 121 West 20 Street was sold on March 20 at $2.55mm by the guy who bought it 7 years later for…
late original buyer at 415 Greenwich Street flips Tribeca Summit loft for fun and profit
nicely played, sir (& madam); nicely played For people with an ‘investment’ approach to Manhattan residential real estate, this is how it’s done: buy at $3.35mm, sell 14 months later at $4.085mm. Everyone would do that if they could,…
Tagged with: 2006, 2008, Comps, Flip, Greenwich, Neighbor, New Development, Risk, Sponsor, Tribeca Summit
very patient (and secretly negotiable) famous seller finally sells 497 Greenwich Street loft at 17% discount
why do people do that? The seller of the “1,661 sq ft” Manhattan loft #6B at 497 Greenwich Street (the Winka Dubbeldam-designed Greenwich Street Project) told The Market she wanted $2.35mm, but when push (eventually) came to shove she…
330 Spring Street loft sells near par from 2006 (an improvement)
celeb buyer does the deed Don’t you get tired of this relentless seller’s market stuff, with lofts closing higher, higher, and higher? My buyers certainly do! So this post is for them (and, perhaps, you), recounting the details of…
Tagged with: Bidding War, Celebrities, Ear Inn, Philip Johnson, Protest, Sanitation, Spring, Stubborn, Urban Glass House, View
playing the Euro card to great effect, 66 Ninth Avenue loft sells 31% over near-Peak
pretty extreme bang for buck The facts are that the “1,735 sq ft” Manhattan loft #4W at 66 Ninth Avenue (in the old part of the Porter House) sold or $2,787,500 on July 3, 2008 and was just resold…
Tagged with: Broker Babble, Comps, Floors, Meatpacking, Neighbor, Ninth, Peak, Porter House, Upgrades, Windows
85 Leonard Street loft doesn't quite zoom, but sells above ask
nearly $2mm gain in 4 years The “2,434 sq ft” Manhattan loft on the 4th floor at 85 Leonard Street (the condo name, Kitchen, Montross & Wilcox Store, is a mouthful, explained below) enjoyed an enviable but hardly unique…
Tagged with: 2007, 2009, Ceilings, Layout, Leonard, Longandnarrow, Loss, New Development, Sponsor, Windows
penthouse loft at 420 West 25 Street did not sell a year ago, but does now (higher)
2 in a row may not be a trend, but is interesting I hope that this post, following yesterday’s (April 30, unsold 2010 into 2011, 49 East 21 Street loft sells 18% higher), is more additional than redundant, as…
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