Home › on the market from the press › lofts recently in contract

lofts recently in contract

Sandy MattinglyPosted on Posted in on the market from the press — No Comments ↓
 
The seven resale lofts below showed up yesterday in our inter-firm data base as In Contract. A list that resets each day, so it is potentially an interesting snapshot of the Manhattan loft resale market. (Note to self: do these things every once in a while.) Not sure if this really is an interesting snapshot, but perhaps time will tell.
 
First thing that jumped at me is that three of seven were first listed only in February this year. Over the last six to nine months, I think most people would agree that getting got contract within about four weeks is pretty successful marketing, and reflects that at east some sellers and at east some buyers are getting more in synch.
 
One of the more mature listings here is the third of three “D” line listings at 55 Hudson St that I blogged about four months ago (Tribeca trifecta on the market / if you need a "D", 55 Hudson is for sale) and updated five weeks ago (two Ds down / only one of 55 Hudson’s fraternal triplets remains) to go into contract. It may be significant that of the three similarly priced layouts in the same “D” floor plan, the 1 Bedroom layout was the last to get into contract.
 
The most mature listing here (176 Broadway #9F) took 16 months, but succeeded off the same asking price as they started at in November 2005. One wonders if the sellers became more negotiable at that asking price than they were originally, or if the marketplace of buyers became more accepting of the asking price as a reasonable price. Similar story of asking price stability — without the zig-zags — at 118 E 25 St 7th fl and at The Lions Head, 121 W 19 St #7D (both on sale since October).
 
 
Asking
(earlier)
Quoted size
Came to market on
$2.595mm
3,800 sq ft
Oct 12, 2006
$1.875mm
1,500
Feb 9
$1.835mm
($1.865mm)
1,600
Oct 29, 2006
$1.8mm
1,700
Feb 22
$1.299mm
1,134
Oct 14, 2006
$995k
($1.025mm)
($995k)
1,600
Nov 9, 2005
$765k
700
Feb 17
 
(C) Sandy Mattingly 2007
Tagged with: , , ,

Leave a Reply