or, maybe, it never leftI generally don’t pay much attention to the very top of the Manhattan loft market; indeed, I cap my Master List of loft closings at $5mm. But someone just rubbed my nose with the tip-top loft…
Category: manhattan real estate business
revisiting those embarrassing agents and their hot deal
it did sell, off another 20%About a year ago I hit (in this case, really hit) agents who puffed, prognosticated, provoked and perplexed me and buyer clients of mine who had the misfortune of visiting these folks at an…
REBNY does its job, takes anti-social stance against tax consistency
the problem with REBNYBecause all agents in all firms that are members of the Real Estate Board of New York are required to be REBNY members, I got a bit of email propaganda from the president of REBNY on behalf…
measuring arm's length / not a real “sale” at 125 East 12 Street
this is hard work, fraughtHaving gone on record on Friday (sign of a thaw? 147 West 22 Street closes up 9% over 2006, 263 Ninth does not) with a commitment to bringing th Manhattan Loft Guy Master List of…
why hire a low-life as property manager? 'cuz you didn't know
ignorance is expensiveThere were reports in the press this past week about Richard Bassik, a Manhattan property manager accused of stealing from downtown clients that caught my eye because I know the guy … at least, I worked with him…
for rejected coop buyer: screwed? yes; recourse? not so much
Manhattan real estate is not a benevolent universeI referred a week ago (Jan 20, adventures in nephrology / about that kidney donation….) to a long phone conversation with a long-time Manhattan Loft Guy reader as something "for another post". Here’s…
(bad) quote of the day / lawyer stumbles in NYT real estate Q&A
was the nuance edited out?The Sunday Real Estate section of the New York Times regular feature by Jay Romano, Real Estate Q&A last week posed a complex question and provided an overly simple answer from a lawyer who represents the…
Tagged with: Agency, Confidentiality, Designated Agent, Disclosure, Dual Agent, Fiduciary, Loyalty, Ny Times, Romano
power of a coop board to reject a deal as “too low”??
protecting shareholders from market value???The Real Deal on-line June 16 flagged an interesting little item in a relatively obscure periodical that is mostly read (if at all) by Manhattan coop and condo boards, Habitat Magazine. With a tip of the…
counting errors at Soho Mews / “lofts” + 2 BR “apartments”
look away to avoid a rantWhen I do my regular weekly report of sales and new listings for Manhattan lofts as of Sunday, the report will include 2 "lofts" reported today within the inter-firm data base as having sold…
more on agents behaving badly (or is that moron agents behaving as expected?)
paging Claude RainsI just updated my ever-so-popular February 23 post, What’s Wrong With These People? agents who speak out of their … to reflect that the Manhattan loft in question has not sold (or entered into contract), but that the…
Tagged with: 1995, 2006, Comps, Ethics, Primitive, Puffery, Renovation, Salesmanship, Square Feet, Windows
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