… unless the buyer is a clown?I checked in at 66 Ninth Avenue (The Porter House) on August 16 (Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%) to tell a…
Category: market trends
revisiting Trouble in Tribeca, while stopping in Soho
a promise, kept (rare!)When I hit the Manhattan loft #3S at 155 Franklin Street (the Sugar Loaf) as a June 2009 sale 16% off the 2006 clearing price (August 5, 155 Franklin Street crashes past 2006 to close up 28%…
170 Fifth Avenue closes AT 2007 (maybe)
isn’t that cool?There have been a series of Manhattan Loft Guy posts of late comparing 2009 clearing prices to 2005, or other prior sales. (This July 29 post canvassed quite a few, attack of the Killer Comp (when 2005 pricing…
another big developer haircut as 246 West 17 Street closes at 25% discount (again)
cutting to dealI hit some new developments that closed after significant discounts from their last asking prices on June 20 (developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street)…
2005 + 10%? that might work
There’s a lovely square loft newly available for sale in a prime Manhattan loft area that is asking about 10% more than the clearing price when it sold in June 2005. I think this is likely to be close enough…
attack of the Killer Comp (when 2005 pricing does not help)
tough to price, if even 2005 is too highThere’s a pretty big Manhattan loft in a Chelsea corner that has been patient at an asking price around $1,100/ft for 3 months, which is just slightly less than the loft sold…
29 East 22 Street closes but is the calendar off?
which year is which sale? Let’s try something new for Manhattan Loft Guy. I give you two sales of same-size lofts in the same building, with condensed descriptions and listing histories, and you guess which one is from 2009…
down a million bucks, now pitching at a pre-2005 $625/ftaa
a little limbo action?There’s a rather large Manhattan loft for sale at a new price that is $1mm less than the original asking price. When it came to market last Summer (happy birthday wishes are now in order) a…
more computation challenges: asking $1,100+/ft after next door sells under $900/ft
metaphysics 101: possible, yes (isn’t everything?) but likely, not so muchThere’s a Manhattan loft new to market in an up-and-coming loft nabe (at least Manhattan Loft Guy thinks so). Lovely space; lovely views. Problem is that it features been-there-done-that (didn’t…
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does not compute / 2007 + 10% = no sale?
will aggression be rewarded? (you can guess)A not-quite-recent new listing of a Manhattan loft caught my eye because it is in a building in which i have recently looked at a recent sale compared to past sales, and found a…
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