leaving Manhattan for the Vortex of DUMBO lofts, per The Miller

blogger jealousy is ugly (I must resist)
There is an amazing post on The Miller’s blog last Friday that is a departure from his usual fare in two ways: it is an anonymous contribution; and it is a very, very detailed look at could be termed a micro-niche. In [Vortex] DUMBO: A Tale of Two Views, one anonymous reader of The Matrix presents a compare-and-contrast review of DUMBO loft sales in two buildings to measure the added value to having a "wow" view. It is well worth departing from a Manhattan-centric loft world to take a peak.

That WOW is defined as units that

I highly recommend the entire piece, but here is the conclusion that there are two different markets, for WOW and non-wow units:

The reader’s analysis is transparent, comprehensive and compelling. I can’t think of another micro-nabe that could sustain an analysis like this (darn!) because DUMBO is so well-defined and the two buildings selected provide a great laboratory to isolate the view is THE driver of value differences.

Props to The Miller. Major props to his anonymous contributor. This is a must-read for anyone interested in DUMBO, and for fans (like Manhattan Loft Guy) of detailed reviews of the real world of real estate.
 

© Sandy Mattingly 2010