2 years + 1 reno = $400k (or not) Ofttimes the Manhattan loft buyer looking for ‘value‘ must go far afield, away from the loft havens (Tribeca, Soho), to make ‘a deal’. One such possible opportunity is today’s candidate…
Category: market trends
disconnect / sellers struggle to find The Market
The Miller graphs itInteresting graph on yesterday’s Curbed contribution from The Miller, Three Cents Worth: Listing Discount A Spiked Punch . Bottom Line is that what The Miller calls Listing Discount (the gaps between the last listing price and the…
pushed it just enough for contract, eventually
April = then; February = nowI can’t wait to see how this ends, but the listing history of this newly-in-contract, current century, high-end Manhattan loft condo conversion is fascinating enough to warrant a comment even before the clearing price is…
eating crow while getting reamed / Chelsea loft goes to 30% off
oh, to be a fly on the wallImagine, if you will, the following hypothetical dialogue: Owner: "I’d love to sell, what do you think we can get?"Agent: "If we start at $1,750/ft we should get a good deal"O: "Wow! That…
a good time to go for pricing records, or are flippin' owners just pushing it?
bullish on sex appealThere’s a pretty new listing in one of those veddy veddy architecturally significant new Manhattan loft developments that has me scratching my head. Then another one popped up in a less significant but still pretty new new…
did developer leave a lot of money on the table in 2007?
pushing past the pastThere’s a resale that caught my eye, a new construction Manhattan loft that was marketed in 2006 and closed in 2007. This Tribeca unit closed in the first offering at $1,100/ft after the developer dropped the price…
are they fooling only each other? / 3 neighbors push, 1 smiles
regressing (meanly)I have been following a funky-but-spectacular (in its way) Manhattan loft and — after noting the last price drop (and reading a little frustration between the lines of the marketing text) — I checked on two other units in…
drip, drip, drip in Tribeca / the sound of price dropping (bird NOT chirping?)
was too pushy, for sure There was a time when some Manhattan lofts were sold as white boxes — minimal finishing to qualify for a Certificate of Occupancy, but no interior walls, probably only one bath, and (often) a…
looking for walk-aways by testing the hypothesis that buyers can't close / the lab at The Caledonia, 450 West 17 Street
yes, still beating on The Real Deal Can you tell yet that I am still frustrated about The Real Deal article that linked two related-but-vastly-different premises? Here’s (still) more…. Without having access to actual sales directors of actual new…
Tagged with: Back On Market, Caledonia, Closed, Contract, Failed Contract, High Line, Real Deal, Stoler, West 17
facts v. hype / testing the thesis of “little or no sales activity”
still beating on The Real Deal I unloaded a bit recently on The Real Deal article that linked two related-but-vastly-different premises. Here’s more…. The teaser early line from that Michael Stoler piece was: While many brokers and developers are…
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