economists weep over the downtown Manhattan loft market (sometimes) In yet another twist on the Manhattan-lofts-that-sell-above-ask theme, the wrinkle that most interests me about the recent sale of the “2,011 sq ft” Manhattan loft #3120 at 15 Broad Street (Downtown…
Year: 2014
rational market? not for 15 Broad Street loft that sold 13% above unsuccessful 2013 ask
Tagged with: Bidding War, Broad, Comps, Efficient Market, Neighbor, Rational, River Views, Starck, Streeteasy, View
lots of reasons loft at 710 Broadway sold 30% over ask
provocative price does its job: generates a feeding frenzy Let’s start (uncharacteristically) with the main point: it’s not that the “2,500 sq ft” Manhattan loft on the 7th floor at 710 Broadway sold quickly for a lot of money, it’s…
Tagged with: Aphorism, Bidding War, broadway, Long And Narrow, Noho, Nyu, rational market, Vaulted Ceilings, Volume
lovely, but … Chelsea loft at 236 West 26 Street sells TWENTY-FOUR PERCENT above ask
(sometimes, you have to shout about Manhattan loft sales) The Capital at 236 West 26 Street is a fairly mature coop, having been converted in 1984. There are some quirks (commercial lofts mixed with residential units; odd numbering conventions for…
Tagged with: Comps, Empire State Building, Entertaining, Floor Plan, Layout, Murray, Neighbor, Outdoor Space, streeteasy index, Terrace, Views, West 26
The Market has its way with “above ask” Tribeca Space loft sale, as is its wont
who was responsible for pricing strategy of loft at 25 Murray Street? Uncharacteristically, let me cut to the chase: yes, the “1,395 sq ft” Manhattan loft #4K at 25 Murray Street (Tribeca Space) earned the coveted green cell background on…
Tagged with: Bidding War, Building Record, Comps, Floor Plan, Footprint, Layout, Listing Photos, Lobby, Neighbor, rational market, Volume, Windows
necessity, that mother, yields strange floor plan for 39 Worth Street loft
not necessarily an inspired invention for this Tribeca loft, but interesting For having a footprint that is a classic Long-and-Narrow (maybe 23 x 85 feet, with a cut-out for the elevator and building stairwell, windows front and back), the floor plan of…
how much money earned by floating floors, dropping ceiling of 200 Mercer Street loft?
but why do it if you can’t (or won’t) enjoy it? The folks who bought the “2,246 sq ft” Manhattan loft #2E at 200 Mercer Street in October 2012 for $1.875mm with a very problematic layout gave a great deal of thought…
fraternal twin lofts across Harrison Street sell on same day for $3mm + a few bucks less
if one loft sale on this cozy Tribeca block is rare, what of two? “Rarely does anything turnover on Harrison Street” has a nice ring to it, and it is well within bounds for graded-on-a-curve broker babble. But when babbled…
Tagged with: Brick, Broker Babble, Ceilings, Competition, Comps, Floor Plan, Gut, harrison, laonf-and-narrow, Layout, Neighbor, Plumbing Stacks, Rebny, Renovation, Square Feet, Views, Windows, wood stove
motivated Chelsea House seller holds firm after 10 prices in 4 months
every Manhattan loft seller has a limit One way to determine if an-owner-with-a-listing really really really wants to be a “seller” is the degree to which the seller owner is willing to drop the asking price in response to market…
Tagged with: Aphorism, Broker Babble, Competition, Comps, Efficient Market, Floor Plan, Layout, Motivated Seller, Neighbor, rational market
Soho (former) artist loft with (current) artist’s floor plan sells for $1,324/ft
finishes upgraded from ‘classic artist’s’ since 1970s; floor plan, not so much Although the “1,850 sq ft” Manhattan loft #7C at 141 Wooster Street was marketed as an “Original Soho Artists loft available for the first time since the 1970s”…
Tagged with: 2011, Artist, artist's loft, Beam, Classic, Columns, Floor Plan, Layout, Light, Renovation, streeteasy index, View, Windows, Wooster
Tribeca loft sale at $432/ft shows 7-figure discount for rent stabilized tenant
investing in occupied Manhattan lofts is not for the faint of heart The recent sale of the “1,875 sq ft” Manhattan loft on the 4th floor at 158 Franklin Street was arm’s length, after being publicly marketed. (It came out…
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