(mis) adventures in Manhattan loft babbling Sometimes I suspect that I take this stuff too seriously. When I read the broker babble for the “1,321 sq ft” Manhattan loft on the 4th floor at 109 Reade Street I expected to…
(mis) adventures in Manhattan loft babbling Sometimes I suspect that I take this stuff too seriously. When I read the broker babble for the “1,321 sq ft” Manhattan loft on the 4th floor at 109 Reade Street I expected to…
to each his ownWe are going to play with some sets of triple numbers here. The “2,300 sq ft” Manhattan loft on the 3rd floor at 132 Duane Street that recently sold for $3.4mm has now sold 4 times…
doing the Buy Low, Sell High thing I never tire of these stories: a Manhattan loft with a past sales history that says interesting things about past market conditions, or buyers/sellers who achieve the real estate ideal of Buy…
rather: is there a theory that explains an anomalous spread?At the risk of over-determining this apparent paradox, the very recent (January 31) sale of the “2,154 sq ft” Manhattan loft on the 7th floor at 9 West 20 Street at…
one birthday is bad enough…It is a little unfair of me to say it took two years for the recently sold “2,522 sq ft” Manhattan loft #3B at 139 Spring Street find a contract, even though the loft was brought…
an interesting dynamicIt has been a while since I highlighted one of the axioms of a busy (deep) market: The Market will correct a too-low price. In this case, the “3,272 sq ft” Manhattan loft on the 3rd floor at…
fans of efficient market theory should avert their eyesLet’s stick with John McCain (“The Market is cruel”) another day. In yesterday’s market cruelty or mean streets? gut renovated sundrenched 347 West 39 Street loft closes at $675/ft, unadjusted for terraces,…
after some workThere are other fun stories here, but the big story in the listing history of the recently-resold “2,125 sq ft” Manhattan loft on the 7th floor of 20 East 17 Street is the increase of $129,000 from the…
price discovery can be hardTake a generic classically Long-and-Narrow Manhattan loft, roughly 22 feet wide, with not a lot to brag about as far as finishes, and try to sell it in two very different sets of market conditions. As…
starting at the right price is not enoughI always wonder about the agent-seller dialogues with a sale like that of Manhattan loft #4N at 459 Washington Street (John Watts Condo), which cleared at $2.2mm on January 10. Working backwards from…
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