had been very pushy, how pushy now in Soho?

There’s a beautiful classic old Manhattan loft that was definitely pushing it when it came to market in the summer at around $1,250/ft. I confidently say definitely because it has not sold yet, despite dropping around $300/ft off the price. So this morphs into a ‘which year?’ post…

2005?
A similar unit (though with a higher level of finishes) traded 3 years ago around $1,000/ft.

2006?
A similar unit (with what look like the same ‘classic’ elements that may need updating) traded two years ago at about $925/ft.

The current price for the available loft is just a bit higher than the 2006 clearing price for a similar unit, in what looks like similar condition. That 2006 valuation looks to me like an increase in value over the 2005 more-expensive-but-nicer-finishes value. We’ll see if it sells near the 2006 value, or drops into 2005 (or earlier). When (if?) it sells, of course.
 

© Sandy Mattingly 2008