more computation challenges: asking $1,100+/ft after next door sells under $900/ft

metaphysics 101: possible, yes (isn’t everything?) but likely, not so much
There’s a Manhattan loft new to market in an up-and-coming loft nabe (at least Manhattan Loft Guy thinks so). Lovely space; lovely views. Problem is that it features been-there-done-that (didn’t work) pricing, implying that there was a … discussion … between agent and seller that included the we-can-always-reduce-the-price card being played by the seller.

Like the neighbor next door, this loft has a roomy 2 bedroom layout. I can’t tell (yet) if the build-out is quite to the level of the one next door, but let’s assume it is equivalent in quality. The one next door had a lot of trouble selling, needing 12 months, 2 firms and 5 prices to sell under $900/ft. You’d think that rather current experience would set The Market; at least I would think that. One faces north, one south, so maybe there’s a smidge of premium for a better view in one.

is that a limb I climbed out on?
Maybe they don’t have to sell. Maybe they really want to sell but want to give it a shot.

I will be shocked if the new one clears anywhere near $1,000/ft.

© Sandy Mattingly 2009