price of "canvass" has plummetedThe Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in…
Tag: 2007
opportunity knocked at 60 West 15 St for $828/ft (and more), answered at $622/ft
the incredible vying architects + designers The Manhattan loft on the 4th floor at 60 West 15 Street was marketed as a masterpiece (to be), with the interesting come-on that "architects and designers are vying to renovate" it. At "3,133 sq…
is Chelsea Mercantile off 25% since 2007?
one data point says ‘yes’I have long believed that the Chelsea Mercantile conversion of the old Veteran’s Administration building into residential lofts on Seventh Avenue at 24th and 25th Streets ‘created’ a new market for (lower) ‘north Chelsea’. (From back…
another seller who gets it / pricing 7% off 2007
nice try, but enough?There’s a loft newly offered for sale in a Manhattan Loft Guy fave building (value!) that — I think — is taking the right approach to The Market. The 2009 seller was a 2007 buyer, and is…
some sellers are adapting
2009 as 80% of 2007?It was somewhat refreshing to come across a Manhattan loft recently new to market that is priced with The (new) Market in mind. The seller knows exactly what life near the top of The (old) Market…
flipping on your head (ouch) in Chelsea / from 2002 to 2007, returning to 2009 … then 2006 or earlier??
off 10-15%, at leastIt feels as though it has been a while since I posted in the too pushy …? thread but here’s one that reminds me that the thread always had that "?" in it. There’s a Manhattan loft…
chasing a dream or waking up from a bad dream, as they chase The Market down
stepping in a down market, easier said than done, always painfulThere’s a new-ish listing in an architecturally significant Manhattan loft conversion from this century that hit numerous Manhattan Loft Guy buttons: it is (another) one of those eight million stories;…
2009 is 2007 (though with opposite trend lines), at least at 6 Varick
one of 8 million stories, but this one is flatThe 6 Varick Street #9B buyers in January 2007 did not stay very long before deciding to put their loft back on the market, in August 2008. Having paid $1.425mm in…
2007 = 2009? Soho sellers hope so
Soho loft sold in 2004 for $750/ft in 2004, then for $1,000/ft in a Manhattan heartbeat in 2007 (8 weeks from listing to closing; those were the days…) while in "triple mint" condition. It is hardly prime Soho (at least…
drip, drip … this data point points down from 2007 (way down)
not too pushy (now) but not selling (yet)There’s a Manhattan loft that’s been on the market nearly a year, with a sobering price history. It started this go-round in the Spring around $1,000/ft and has had four drops since then,…
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