one does not make a trendI have commented before that bright shiny objects (statistical outliers) tend to catch attention at Manhattan Loft Guy. Today’s bright shiny object is a resale at the 2005* condominium conversion of a former printing building,…
Category: loft neighborhoods chelsea
penthouse loft at 121 West 20 Street beats Peak, but is it rational?
by 2%, but it is somethingOf course you know that any single number to summarize The Market (whether the entire Manhattan residential real estate market or the loft niche) smooths out a great deal of data noise. Some data points…
why did Chelsea Mercantile loft sell within 3% of The Peak?
Field of Dreams pricing, maybeWhen the Manhattan loft #15-I at 252 Seventh Avenue in the Manhattan Loft Guy fave Chelsea Mercantile sold on June 9 at $3.65mm it wasn’t a man-bites-dog story like my July 5, man bites dog! 49…
Tagged with: Chelsea Mercantile, Comps, Mercantil, Neighbor, Peak, Renovation, Resale, Seventh, View, Windows
Lion's Head loft sale hits the number at 26% over 2006
patience can be over-rated, PrudenceSometimes The Market provides data that show Manhattan loft longitudinal trends in just a few data points. Note that the only meaningful difference between the sales histories of two lofts that sold recently at the Lion’s…
why did 107 West 25 Street loft take so long to sell?
so close to original ask, above last askI got on the horse yesterday about the form of Market Curios that take a long time to sell at not such a different price at which they had long been available (424…
120 West 20 Street loft sells off 7.2% since 2007
2007 seller took all the profitI have been meaning for a while to write about the Manhattan loft on the 3rd floor at 120 West 20 Street that sold on March 30 for $1.46mm, but not because that trade was…
Tagged with: 1993, 2001, 2005, 2007, Brick, Longandnarrow, Mirror, Quintessential, Renovation, West 20
long run to a sale above ask at 315 West 23 Street
bumped by LehmanTo say that the listing history of the Manhattan loft #6E at 315 West 23 Street (The Broadmoor) is unusual is an understatement. The punchline is that when it sold on May 24 at $1.399mm it sold above…
Tagged with: 2008, Bidding War, Empire State Building, Lehman, Light, Nuclear Winter, Peak, Renovation, Views, West 23
flipped early, Lion’s Head loft later gains only 4.8% since 2006
not much left overThe first re-seller of the Manhattan loft #8D at 121 West 19 Street (the Lion’s Head) soaked up nearly all the appreciation in the unit by flipping in two months in 2006, compared to the July 2006…
watching the new construction at 31 West 15 Street
there are worse uses for the inter-tubesThe hat tip goes to Curbed for linking on Friday to a single-purpose blog (or is it a vlog?), Bird’s Eye View NYC, which has been posting video of the demolition (and associated hijinks…
motivated seller sells off 10% since 2007 at Chelsea Mercantile
can a tragic bargain be a market sale?The spread between the recent full-ask sale of the “1,631 sq ft” Manhattan loft #16H at 252 Seventh Avenue (long-time Manhattan Loft Guy fave, Chelsea Mercantile) and the price at which it was…
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