the value of a dreamThe recent sale of the “1,845 sq ft”* Manhattan loft #2W at 151 West 28 Street (Groff Studio) is a rather clean indication of how The Market values condition, as its create-your-dream marketing campaign competed directly…
Category: loft neighborhoods chelsea
funny business, as 22 West 26 Street loft sells at 17% discount to first ask
not funny ha-ha, funny peculiarThat the recent sale of the “1,910 sq ft” duplex loft #9H at 22 West 26 Street is dear to the Manhattan Loft Guy heart is obvious to anyone who has looked at this datum of…
Tagged with: Bath, Challenge, Duplex, Floor Plan, One Bed Wonder, Play Small, Plumbing, Rebny, Renovation, West 26
Chelsea House loft at 130 West 19 Street bounces back from nuclear winter sale
when up-up is more like down-upThe two times the Manhattan loft #7A at 130 West 19 Street (the Chelsea House) has resold, both sales have been arithmetically positive, which has certainly not been the case for all resales at this…
Tagged with: Chelsea House, Comps, Neighbor, Nuclear Winter, Peak, Rational, Rent V Buy, Resale, West 19
over-optimistic loft seller at 124 West 24 Street still beats 2007 buy
if buy low, easier to sell high (d’oh!)The 20-unit Manhattan 2007 loft condominium conversion at 124 West 24 Street is an interesting laboratory for observing the behavior of rats buyers over time. The most recent data point is the October…
Tagged with: Comps, Light, Neighbor, New Development, Nuclear Winter, Peak, Rational, Resale, Sponsor, West 24
secretly very negotiable penthouse loft seller at 129 West 20 Street secretly negotiates a 28% discount
why not be public about it?What is the purpose of an asking price? Feel free to tell me what you think, as I am not shy about telling you what I think. A successful asking price does (should do) only…
Tagged with: Asking Price, Chelsea Quarter, Comps, Negotiability, Penthouse, Price Drop, Rational, Roof Deck, Terrace, West 20
uber-renovated (?) loft at Chelsea Mercantile sells 7% above Peak
what does it cost to uber your renovation?The “1,344 sq ft” Manhattan loft #4J at 252 Seventh Avenue (the game-changing Chelsea Mercantile) just sold for $1.725mm in “perfectly uber-renovated” condition (“[n]o stone was left unturned in this state-of-the-art renovation”), closing…
Tagged with: Bing Bing, Chelsea Mercantile, Downsizing, Horatio, Jackson Square, Peak, Renovation, Seventh, Uber
O’Neill loft at 655 Sixth Avenue resells at 21% loss over 2007
that will leave a markUntil recently, there were but two lofts at the O’Neill Building, 655 Sixth Avenue, on the spreadsheet of 2007 and 2011 paired sales. (See my September 27, is the Manhattan loft market back to (up to)…
old news, as build-a-loft takes 2 years to sell for $646/ft at 129 West 22 Street
breaking news, from MarchThe reason that the March 23 sale of the “2,400 sq ft” Manhattan loft #5A at 129 West 22 Street for $1.55mm is news is that the deed was just filed last week. No, that’s not right;…
Vision Loft at 124 West 18 Street sells with huge premium for roof deck
“Art, meet Science”I don’t know why I continue to be surprised when outdoor space drives value … errr … through the roof, but perhaps that capacity for surprise helps keep me young. Today’s Ponce de Leon moment is occasioned by…
Tagged with: Comps, East 2, East 26, Miller, Outdoor Space, Roof Deck, Terrace, Vision Lofts, West 18, West 25
107 West 25 Street loft sells at $956/ft as old Flower District morphs into Chelsea
changing of the guardTwo things jumped out at me about the sale of the Manhattan loft #6D at 107 West 25 Street at $1.1mm on October 17: the first is how the geographic descriptions in the broker babble omit the…
Tagged with: Change, Flower District, Garment District, Light, Ny Observer, Ny Times, Sewing, Starter Loft, Turnover, West 25
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