etymologically speakingThe most interesting thing about the recent sale of 11 West 20 Street #8 is not that this Manhattan loft has been described as "prefect" by one agent and as "stunning" by another yet only sold for $975/ft. The…
Category: loft neighborhoods flatiron
876 Broadway comes + goes QUICKLY / knowing what you can get, and getting all of it
if you blinked, you missed itThe Manhattan loft on the 3rd floor of 876 Broadway hit the Market on April 26, hard, at $1.995mm. So hard, in fact, that they were in contract five weeks later 2.3% off the ask.…
Tagged with: 2006, broadway, Ceilings, Comp, East 18, East 19, Feet, Mezzanine, Renovation, Square Feet
when you reach the right price … 105 Fifth Avenue closes
small discount, right priceThe Manhattan loft #7A at 105 Fifth Avenue closed on July 22 at $1.125mm, only a 4% discount from the (last) asking price of $1.175mm, proving that if you drop the asking price enough you don’t have…
big loft, big roof / 43 East 19 Street penthouse closes under $4mm for (maybe) 4,100 sq ft + 2,050 sq ft terrace
condition is a question, size a smaller questionThe Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq…
price discovery is (still) a female dog / flailing in Flatiron
not finding buyers at that level, or that oneThere’s a lovely classic Manhattan loft for sale (nearly all of) the last 9 months. It has always been difficult to value lofts in small buildings that don’t have a lot of…
Tagged with: None
into the way-back machine to close at 42 East 20 Street, down seven figures
not bullish at allThe bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have…
at 260 Park Avenue South 2006 = 2009
up, then down (probably not flat)The Manhattan loft #4-I at 260 Park Avenue South sold in March $2,000 lower than these sellers paid in July 2006. Had they been marking to market all along (tracking their real estate investment), they…
pushing on in Flatiron, but not as hard
a reader writesIn this continuing series asking the (musical?) question is that Manhattan loft too pushy on price, or not pushy enough?, I hit a candidate a while back that one MLG reader identified easily (my efforts to assure listing…
neighborly competition leads to neighborly mistakes? the laboratory at 24 East 22 Street
MLG went there before the NY TimesYou may remember that the NY Times ran a piece about multiple apartments for sale in the same building back in August (August 10, Neighborly Competition). You may also recall that I used to…
Tagged with: Competition, East 22, Flatiron, Lot Line, Met Life, Ny Times, Off The Market, Sold, Views, Windows
how big a discount for renovation? 64 West 15 Street closes with and without
how big a drag is a big job?I’ve been thinking about the difficulties in this market of selling a Manhattan loft that needs a lot of work. Unit #2E at 64 West 15 Street is a recent example, as it…
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