pushing on in Flatiron, but not as hard

a reader writes
In this continuing series asking the (musical?) question is that Manhattan loft too pushy on price, or not pushy enough?, I hit a candidate a while back that one MLG reader identified easily (my efforts to assure listing anonymity notwithstanding). That perceptive reader suggested keeping an eye on a neighboring (anonymous) loft, which I believe I have identified. Indeed, I believe that that Flatiron loft is a candidate on the too pushy … side of the contest.

This reader-generated candidate came to market within a couple of weeks of its MLG partner at a bit less. While that reader suggested only that I keep an eye on it, the seller has already identified it as too pushy, by dropping the price $100k.

how much for the renovation?
This loft sold 2 years ago for $860/ft, bragging then only about a new kitchen. The new listing is all about being newly renovated. I suspect that they did not spend $300/ft on a renovation, but never mind … it has not sold yet as the sum of (1) the 2006 purchase price and (2) $270/ft for renovation. It will be interesting — in a vulture kind of way — to see where this one ends up. As that reader suggests, I will keep an eye on it.

© Sandy Mattingly 2008