the real story is the 2007 contextYesterday it was 17 days to contract 8% above the ask at the top of Soho (December 7, 12 days to contract 8% over ask at 284 Lafayette Street loft with 8 skylights); today…
Tag: 2007
59 John Street loft seller takes forever to take a bath
if at first you don’t succeed …?The guy who paid $1,527,375 for the “1,651 sq ft” newly converted Manhattan loft #8C at 59 John Street in 2007 may never have thought that he was going to make a lot of…
Tagged with: 2007, Compeition, Comps, Discount, Five Nine John, John, Metaphor, Neighbor, New Development, Price Discovery
renovation after 2007 gets 55 N. Moore Street loft 15% over 2009
will I ever understand this business??There are a great many things I do not understand about the Manhattan residential real estate business, so it is good that I am still (kinda, sorta) young. One of the things I don’t understand…
15 Broad Street loft resellers could not move to Idaho until they accepted what the Manhattan market would give
(could not move their money, at least)I admit it: sometimes I get stuck on trivia when reviewing Manhattan loft sales. In the case of the recently sold at $1.57mm “1,458 sq ft” loft #3230 at 15 Broad Street (Downtown by…
Franklin Tower loft at 90 Franklin Street zooms through market, into 2007
who will argue with success?The recent sale of the “2,633 sq ft” Manhattan loft #7S at 90 Franklin Street (Franklin Tower) was a success in the sense that it sold quickly (21 days to contract) at a small discount (3%).…
Tagged with: 2007, Ceiling, Corner, Floor Height, Franklin, Franklin Tower, Layout, Murray, Prime, Shortandwide
10 months + 4 price drops to contract for 124 Hudson Street loft to sell 16% over 2007 but only off 5% from original ask
much ado, much profitThe folks who bought the “2,057 sq ft” Manhattan loft #4B at 124 Hudson Street in April 2007 just sold it for a gain of 16%. That’s nice work. Weird thing is that it took a while…
Tagged with: 2001, 2007, Classic, Comps, Greenwich, Hudson, Neighbor, New Development, Peak, Rent V Buy
height matters for 51 Walker Street lofts, even 2 floors
if they are the right 2 floorsPerhaps it is Height Week on Manhattan Loft Guy … yesterday’s September 24, for 69 Murray Street loft, The Peak was then, and almost now, looked at different views, light and values from the…
Tagged with: 2007, Chelsea Mercantile, Comps, Greenwich, Height, Light, Neighbor, New Development, View, Walker
did American Thread loft at 260 West Broadway sell on a formula in private sale?
or, do you believe in coincidence?I am always intrigued by private sales of Manhattan lofts, wondering whether they represent true arm’s-length transactions at The Market, or whether they should be ignored (and left off the Master List of Manhattan Lofts…
Tagged with: 2007, American Thread Company, Apartment, Comps, Neighbor, Peak, Photographer, Prewar, Private, West Broadway
New York Observer observes loft sale at 165 Duane Street but does not like lofts
or follow Manhattan Loft GuyAt least two things did not impress the New York Observer about the recent sale of the “1,550 sq ft” Manhattan loft #3D at 165 Duane Street: that it garnered a gain of only 10% from…
Tagged with: 2007, Broker Babble, Comps, Duane, Kitchen, Neighbor, New York Observer, Observer, Peak, Renovation
Jade loft resale at 16 West 19 Street is a strong price, but off 7% since 2007
measure against sponsor sale or $/ft?The podilicious “1,336 sq ft” Manhattan loft #4E at 16 West 19 Street (Jade) just sold at a dollar per foot price that compares well to other resales in the building, but at a loss…
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