awkward layout does not help (but did not change)I suspect that there are other people like one set of buyers of mine who really puzzled over the “1,440 sq ft” Manhattan loft #5A at 161 West 15 Street (Jensen-Lewis Building)…
Category: loft neighborhoods chelsea
spectacular renovation does not prevent 161 West 15 Street loft from closing down 7% since 2006
Tagged with: Broker Babble, Celebrity, Jensenlewis, Kitchen, Layout, Loadbearing, Recent, Renovation, West 15
keeping quiet about resale of 124 West 24 Street loft at 20% over 2007
at the mercy of the bureaucratsBecause the “1,097 sq ft” Manhattan loft #3A at 124 West 24 Street (124W24; ugh!) sold on December 28, it is not new; but the deed was not filed until March 5 so it is…
Tagged with: Comps, Convertible, Efficient, Neighbor, New Development, Peak, Rational, Sponsor, Streeteasy, West 24
NY Post goes into the way back machine: Flower District in 1979
fur on the walls, gardenias in the airWonderful piece in today’s New York Post real estate section about an artist / mystery writer and wife who moved into a Flower District loft in 1979 that had last been a furrier’s…
Tagged with: 1979, Change, Flower District, Gentrification, Groff Studios, History, Longandnarrow, Ny Post, Pioneer, West 28
141 West 17 Street gets huge premium for sparing no expense
it’s nice when it worksI hope the new owners of the “2,500 sq ft” Manhattan loft #6W at 141 West 17 Street got the mortgage they want (if they want a mortgage; nothing’s been recorded yet), but I have my…
Tagged with: 2006, Aggressive, Classic, Comps, Longandnarrow, Neighbor, Poster Child, Renovation, West 17
unsold in 2010, Steiner Building penthouse loft sells 17% off 2007
The Market is uneven. Always.How many times have you heard me say, more or less, data points are data points, whereas The Market is The Market? Today’s context for such metaphysical musing is the duplexed “2,654 sq ft” Manhattan loft…
Tagged with: 2007, Comps, Miller, Neighbor, Outdoor Space, Paired Resale, Penthouse, Roof Deck, Steiner, West 17
114 West 27 Street penthouse loft sells at $1,041/ft with unlimited potential (+ free roof?)
talk about missing The Peak!With the recent clearing price of the “3,600 sq ft” Manhattan loft dubbed #PH at 114 West 27 Street just clearing $1,000/ft at $3.75mm, there is a way to squint at the sale and the “2,500…
Tagged with: 2007, Architect, Chelsea, Comps Neighbor, Dark Room, Miller, Penthouse, Renovation, Roof Deck, West 27
how did $25,000 price drop do the trick for loft at 263 Ninth Avenue?
my fickle mistressIf there is one thing that I hope that regular readers of Manhattan Loft Guy have gotten from their reading is that “The Market” captures macro trends while the market value of individual properties are determined by individual…
8 months to contract at 6.5% discount for 151 West 17 Street loft
did Conventional Wisdom takes another shot to the head, or did CW slip the punch?You know the Conventional Wisdom about asking prices and time: that a listing professionally exposed to The Market for enough time without having selling is at…
Tagged with: Campiello, Comps, Conventional Wisdom, Floor Plan, Layout, Light, Neighbor, Rational, Views, West 17
no-view loft at 120 West 18 Street sells at $905/ft, reveals what neighbor's roof is worth
fun with compsI love that the “1767 sq ft” Manhattan loft #4B at 120 West 18 Street was marketed as “this is not a ‘view’ apartment” (except for that “apartment” thing, of course) because it so beautifully and simply manages…
130 West 17 Street loft flies through market, beating (my) expectations
… and sometimes the bear gets youHave I mentioned recently that comping is hard? Or that (prospective) valuations are matters of opinion? (As are, in fact, sale prices, but at least with those you have two people agree.) When my…
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