who is out of touch now?The Sunday Real Estate section of the New York Times regular feature by Joyce Cohen, The Hunt, today profiles a woman who seems to have spent much of the last 18 months looking for…
Category: psychology of the market
risk, revisited / I am still a coward, but the 'brave' did not sell (yet)
checking back on the SpringI recently had a conversation with a former shareholder in one of the Manhattan loft buildings that I visited in my March 25 lengthy rumination, am I a coward? assessing + bearing risk in a risky…
644 Broadway loved that first bidder: sells within 15 weeks, contract in 6, 1 price, 14% discount
[update: apologies for the weird formatting; I think I fixed most of it] yes, "museum quality" around $1,000/ft, but there’s a larger point, + 2 bromidesWhen I hit the Manhattan loft #2E at 644 Broadway on April 27 (price…
am I a coward? assessing + bearing risk in a risky world
a rumination (bear with me)I tell owners in this market that my job is to protect their equity and get them on their way (to whatever is next in their lives) with as much money in their pocket as possible.…
why be that negotiable in secret? 25 Ann Street closed nearly 25% off ask
what if they had advertised a willingness to deal? There must have been some epiphany on the 4th floor of 25 Ann Street in August: the owner tried to sell this "2,300 sq ft" loft for $2.5mm starting in…
bringing (a lot of) cash to closing / news from the top of the market at “Madison Square North”
waiting to close, not for contractI realized when I did my post of 30 days of actual loft sales on December 18 that 15 East 26 Street (15 Madison Square North) was a very successful new Manhattan loft development, with…
my job does not include magic tricks / pondering pricing puzzles
sometimes "impossible" means just that I stumbled across a NY Magazine piece today that compared Manhattan coop listing prices in 2007 to Manhattan coop listing prices in 2008 to assess how optimistic sellers are now. There’s a table, but…
18 E 12 St so hot it is going best & final today
going, going, goneI noticed #6A at 18 East 12 Street when it came to market a week ago, but did not comment on it. They held a barn burner of an open house this past Sunday and should be done…
making sense is hard / NYT vs WSJ on The Manhattan Market
people are askingMany, many, many people are asking what is The Market doing? and are as frustrated as I am that the ‘answers’ involve more anecdotes than data. Two major media pieces stoked that conversation recently. The Wall Street Journal’s…
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