paging Kenny Rogers Another way to frame the fight or flight question posed for disappointed sellers (in my November 15 post) is You got to know when to hold ’em, know when to fold ’emKnow when to walk away, know…
Category: loft neighborhoods chelsea
129 West 20 Street hums country tune, times the market perfectly, kinda, sorta
Tagged with: 2000, Anchor Effect, Chelsea Quarter, Country Music, Gambler, Kenny Rogers, Nuclear Winter, Psychology, Resale, West 20
a tale of 2 neighbors at 150 West 26 Street, with 1 hard bargain
‘tis a puzzlement Manhattan Loft Guy loves a puzzle, and a deed filed last Saturday provides one (not counting: they file deeds on Saturday??) … why did the Manhattan loft #901 at 150 West 26 Street sell on November 12…
Tagged with: 2001, Above Market, Combination, Extortion, Greenwich, Negotiation, Neighbor, Penthouse, Terrace, West 26
the master rules / unbalanced loft sells near $1,000/ft at 58 West 15 Street
master always makes the rulesThe Manhattan loft on the 2nd floor at 58 West 15 Street that sold two weeks ago commanded a nice price for classic coop lofts on this block ($980/ft) but I was struck by the floor…
Tagged with: 1993, Comps, Flexibility, Longandnarrow, Plumbing Stacks, Recent, Renovation, West 15, Windows
why did The Market hate this small loft at 315 Seventh Avenue?
cue the head-scratching machineIn a world of weird, in which Manhattan Loft Guy is something of a connoisseur of weird, the October 14 sale of 315 Seventh Avenue #12A (the Kheel Building) for $620,000 caught my eye. This little loft…
no listing, but VERY motivated buyer for O’Neill loft at 655 Sixth Avenue greases a move to Tribeca
indeed, a unique buyerSometimes there’s a story you can figure out about a Manhattan loft that sells without having been offered publicly through a real estate brokerage. And sometimes there’s a story you can figure out about an anomalous sale.…
Tagged with: Arms Length, Classic, Combination, Comp, Jay, Neighbor, New Development, Oneill, Sixth, Trade
small Chelsea Merc loft dresses up + trades up 14% since 2007
bang for the buck?Sometimes just a little bit of “renovation” juices the market. The Manhattan loft #3M at 252 Seventh Avenue is one of those generally less-favored lofts in the iconic Chelsea Mercantile, being on a low floor and having…
Tagged with: Chelsea Mercantil, Comps, Light, Low Floor, Merc, Neighbor, Renovation, Seventh Avenue, View, Window
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
why didn't the loft at 252 West 30 Street sell at The Peak?
not one trend, but anotherThe Manhattan loft 252 West 30 Street #6B does not quite fit a pattern that regular readers of Manhattan Loft Guy know intrigues me (the pattern of lofts that did not sell in 2009 at $Xmm…
asking $1.495mm did not work for 148 West 23 Street loft, but asking $1.575mm did
can’t (really) blame the calendarI’ve talked before about lofts that did not sell during the nuclear winter of Manhattan real estate that followed the Lehman bankruptcy (two years ago next week!), but the recent sale of the combined Manhattan loft…
Tagged with: 2008, 2009, Asking Price, Duplex, Efficient Market, Garden, Lehman, Nuclear Winter, Renovation, West 23
22 West 26 Street loft sells quickly above 2010 ask, above 2009 ask
if at first you don’t succeed …The July 6 sale of the Manhattan loft #3C at 22 West 26 Street illustrates a few things: a well-priced loft sells quickly in this market; a loft can sell in 2010 at a…
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