more bad 2d floor news / 135 Watts back + lower / is it the tea?

[The original post:]

135 Watts Street, 2d floor is back on the Manhattan loft market today, after a contract being signed on March 28, according to the inter-firm data base. That‘s gotta hurt, as it has been on the market since December starting at $3.695mm, and bouncing up and down a bit to the current $3.05mm. I hit it in an open house review a month ago:
 

(Note that the listing description has some interesting historical notes about this [truly handsome] "celebrity-laden, 6-unit landmarked" condop.)

With that low maintenance and priced at about $1,100/ft, this "fully renovated" loft (in 2007) seems to be a relative bargain, for those who find this northwest corner of Tribeca their cup of tea. (Capsouto Freres must serve tea with all that brunching, right?) This corner of Tribeca used to be extremely quiet (even for a then-quiet Tribeca), when Capsouto Freres was about the only thing to draw people here. The brothers are still here, though their restaurant entrance is around the corner on Washington.

I don’t see any prior sales in the building, so ti is hard to say that the price history (18% off the original asking price) is indicative more of the difficulty in pricing some lofts or of a weaker market. I am inclined to favor the former, as this corner of Tribeca is not the cup of tea for all….

© Sandy Mattingly 2008