not bullish at allThe bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have…
Tag: 2006
at 260 Park Avenue South 2006 = 2009
up, then down (probably not flat)The Manhattan loft #4-I at 260 Park Avenue South sold in March $2,000 lower than these sellers paid in July 2006. Had they been marking to market all along (tracking their real estate investment), they…
pretty efficient (depressed) market at 505 Greenwich Street as both 6F and 7F sell, off 25%
compare and contrast, upstairs and down, now and thenHere’s another take on the theme of my neighborly competition thread (more links below): two all-but-identical Manhattan lofts at 505 Greenwich Street had overlapping marketing histories, prices and success, suggesting that even…
day late and a dollar short (recidivist edition)
chasing The Market southThere’s a Manhattan loft in a prime loft-y neighborhood back on the market recently that could be a poster child for that oh-so-painful process known as Chasing The Market. Here’s the most interesting part of the history: May 2008 offered at $2.195mm July 2008 $1.999mm September…
bringing low balls and a hard nose / developer trying to close out at 415 Greenwich
take the money + run?The Tribeca Summit at 415 Greenwich Street is a candidate for poster boy for bi-polar psychosis (an armchair diagnosis). The Manhattan loft deluxe condo conversion of a warehouse has been marketing since Summer 2006, at a…
Tagged with: 2006, Amenities, Conversion, Discount, Greenwich, Loading Dock, Price Drop, Tribeca Summit, Warehouse
more on agents behaving badly (or is that moron agents behaving as expected?)
paging Claude RainsI just updated my ever-so-popular February 23 post, What’s Wrong With These People? agents who speak out of their … to reflect that the Manhattan loft in question has not sold (or entered into contract), but that the…
Tagged with: 1995, 2006, Comps, Ethics, Primitive, Puffery, Renovation, Salesmanship, Square Feet, Windows
2 closings at 36 West 15 Street / one was pushing it
pushy one off 10%, other off 6% I hit the 11th floor at 36 West 15 Street (anonymously) on December 19 in a too pushy …? thread dialogue with Reader Jess (pushing on in Flatiron, but not as hard).…
Tagged with: 2006, Closed, Empire State, Exposures, Met Life, Push, Renovation, Sale, Views, West 15
how much pain at River Lofts? done deal (price to come) at 416 Washington Street
still can’t wait, but have to (sigh)The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about…
lipstick on a pig, or, buying an overdone ($1mm?) remodel
‘pig’ is a metaphor, of courseWhat if you bought a Manhattan loft with not much light and low ceilings, and put a ton of money into it — really jazzing it up in decidedly not neutral tones — then decided…
what's wrong with these people? agents who speak out of their …
Manhattan Loft Guy truculence unleashed: cautionI toured some Manhattan loft open houses yesterday with buyers, and saw some interesting lofts. The "highlight" of the tour was a visit to a loft with a terrific skeleton — clearly a total gut renovation…
Tagged with: 1995, 2006, Comps, Ethics, Primitive, Puffery, Renovation, Salesmanship, Square Feet, Windows
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