The Market has many facesOne of these days I will do a long post about how The (overall) Market is made up of individual transactions that vary widely from The (overall) Market trend. But not today. Today the news is…
Category: loft neighborhoods soho
buying high, selling low (ouch) at 114 Spring Street
this one is difficult to fathom, my promise notwithstandingThe Manhattan loft #2 at 114 Spring Street has (and has had) a lot to recommend it: prime Soho location, "1,900 sq ft", 12 foot barrel-vaulted ceilings, bright lights and cast-iron views,…
Tagged with: 2005, 2006, Barrel Vault, Ceiling, Closed, Discount, Price Drop, Renovation, Resale, Spring
another big drop that worked / 69 Wooster Street closes under $1,000/ft after $850k drop
but only 15% off A Manhattan loft on the 5th floor at 69 Wooster Street closed in April under $1,000/ft, despite the fact that it was "newly renovated in a classic but modern style" and a ridiculously low maintenance…
“absolute showplace” at 113 Greene Street in Soho goes for $918/ft (absolutely)
adding value did not increase price (much)The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other…
Tagged with: 2006, Ceilings, Classic, Closed, Greene, Light, Longandnarrow, Price Drop, Renovation, Windows
4 years = $15,000 at 477 Broome Street
same story, different yearThe Manhattan loft #33 at 477 Broome Street recently delivered a new data point, with history:April 12, 2005 = $950kApril 29, 2009 = $965k This history nearly precisely parallels the 2006-2009 history of a loft profiled a…
Tagged with: 2005, 2006, Broadway Panhandler, Broome, Columns, Elevator, Park Avenue South, Tin Ceilings, Walkup
497 Greenwich Street sale was off a low ball?
Page Six thinks so The Manhattan loft #7A at 497 Greenwich Street closed on April 16, just less than a month after going to contract. Not many Manhattan residential real estate agents make Page Six (I hope), but that…
a tale of 2 Sohos, or 2 tales of Soho at $900/ft?
one tale: prime Soho bring-your-architect sells quickly at full ask — PDQ, consideringThe Manhattan loft #5E at 362 West Broadway was marketed as a true project for real loft lovers ("original loft space"; "bring your architect"; "create your dream home")…
off (only) 6% in Soho in a year? one seller thinks so
nice comps are a thrill Am I easily thrilled? There’s a Manhattan loft new to market in a pretty chic Soho conversion from earlier in this century that will be a pretty good indicator of how The Market has…
how much is that renovation in the window?
adding modest value, or too modest about the value added?There’s a Manhattan loft newly for sale that is asking about $1,300/ft and is described as newly renovated. The prose is rather muted for a renovation (the kitchen, for example, is…
Tagged with: None
2 tiny drops / 354 Broome Street #5G closes down 12%
hardball, anyone?This one is interesting from a negotiating perspective. The Manhattan loft at 354 Broome Street #5G closed (deed filed September 24, but the clearing price was unknown for a while; it was $1.85mm) after having been on the market…
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