will a modest asking price be rewarded?There’s a lovely Manhattan loft newly offered for sale at about 15% above where it was bought brand new 4+ years ago. Why do I think this is a modest asking price? Neighbors downstairs…
Category: market trends
shorn but sold at 109 Greene Street
doing what you have to doThe Manhattan loft #2B at 109 Greene Street has sold three times since it was brand spanking new in 2005. This is going to get bumpy, but let’s get out some facts (closing dates and…
last sponsor sale at 59 John Street / folding tent + closing wallet
the price of a bath?The Manhattan loft in the new development (well, it was new in 2007) Five Nine John Lofts, #PH2 at 59 John Street, closed on June 24 at the recently public price of $1.35mm. Billed as the "last…
2005 pricing at The Printing House, 421 Hudson Street
one-third of the way from February 2005 to June 2006 = about July 2005The Manhattan loft #709 at 421 Hudson Street cleared at $1.64mm on May 29, 2009. They wanted more, of course, having started at $1.995mm in October 2008.…
when charm is not enough, cut and cut again
There’s a lovely (truly charming) Manhattan loft for sale that has had rather a lot of trouble finding it’s correct positioning in The Market. I’d say not for lack of trying, as it has been on the market (on, and…
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The Memo was delayed? / flipper now under year-old price
progress, but enough?? I blogged about a Manhattan penthouse loft way back when (when I was posting about current listings) that ended up selling last year pretty close to the ask, which surprised me a bit. (I restored the…
why would you do that? flipping (trying) at 25% over February 2009
head-scratching ensuesThere’s a Manhattan loft new to market in a building that has had a fair amount of activity in the past couple of years. One bit of that activity was this very same loft, selling in February for $1.73mm.…
developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street
taking the money and runningIn looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In…
at 65 West 13 Street, 3 years = off $20,000, but last year …?
how they could they not regret?If you drew a line between the fair market value of the Manhattan loft #8D at 65 West 13 Street (The Greenwich Condominium) from the sale in May 2006 at $2.22mm and the sale in…
Manhattan overall inventory down March-to-April (slightly)
just a nugget, not a trend (yet?)The Wall Street Journal’s on-line article Tuesday about a national trend in a decline in the number of homes for sale in 29 cities was based on a source that has no Manhattan data,…
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