non-commodities can be hard to valueit is a good thing I am not sensitive, because I have once already been surprised by the clearing price of the recently re-sold “2,150 sq ft” top floor Manhattan loft #9S at 130 West…
Tag: 2008
MLG fave loft at 130 West 17 Street again shatters expectations, sells 1.7% above Peak
Tagged with: 2008, Aggressive, Comps, Efficient, Field Of Dreams, Neighbor, Renovation, Roof Rights, Square, West 17
53 Warren Street loft resale shows depth of bath developer took in 2009
snap shot of chilly timeThe resale of the “1,562 sq ft” Manhattan loft on the 2nd floor at 53 Warren Street is a happy tale for the sellers, as they paid the sponsor only $1,705,568 in August 2009 for the…
Tagged with: 2008, 2009, New Development, Nuclear Winter, Peak, Penthouse, Price Drop, Townhouse, Trough, Warren
130 West 17 Street loft flies through market, beating (my) expectations
… and sometimes the bear gets youHave I mentioned recently that comping is hard? Or that (prospective) valuations are matters of opinion? (As are, in fact, sale prices, but at least with those you have two people agree.) When my…
101 Warren Street loft resells on 6th price, up 3.5% since 2008
which was the mythical Below Market price?It took a while, and many price drops, for the “1,473 sq ft” Manhattan loft #1180 at 101 Warren Street to finally sell on November 30 for $1.975mm. Staying on the market from January…
Tagged with: 2008, Below Market, Broker Babble, Competition, Comps, Master List, Neighbor, New Development, Warren
roof deck added at least $518,760 to penthouse loft at 16 Hudson Street
as penthouse week continues…Finally a penthouse loft sale with enough building comps to attempt to estimate the premium paid for private outdoor space! The Manhattan loft #6E at16 Hudson Street sold pretty quickly on August 31: came to market on…
John Deco loft resells off 11% since 2008, 7% off sponsor's comp
competition is hard(No, it’s not one of a comping-is-hard sequence, if you are a careful reader.) The “837 sq ft” Manhattan (mini-) loft #815 at 99 John Street might not have been the first resale at the John Deco Lofts…
Tagged with: 2008, Competition, Comps, John, John Deco, Miniloft, Neighbor, Sales Office, Sponsor, Warranty
137 Duane Street loft seller makes same mistake that developer made
eventually bites bullet, like developerIt was deja vu all over again, as the “3,000 sq ft” Manhattan loft #2E at 137 Duane Street (Diamond Duane) finally sold on June 30 for an even $3mm. The listing history is full of…
Tagged with: 2006, 2008, Developer, Duane, Eleventh, Failed Contract, Kitchen, Naked City, Renovation
long run to a sale above ask at 315 West 23 Street
bumped by LehmanTo say that the listing history of the Manhattan loft #6E at 315 West 23 Street (The Broadmoor) is unusual is an understatement. The punchline is that when it sold on May 24 at $1.399mm it sold above…
Tagged with: 2008, Bidding War, Empire State Building, Lehman, Light, Nuclear Winter, Peak, Renovation, Views, West 23
101 Warren Street resale makes news without being new
the greying of The Old Grey Lady continuesDo people think that the regular Sunday New York Times real estate section feature Residential Sales Around The Region features recent sales? I bet they do, though to be fair to the Times…
the difficulty in comping in former new development / the 101 Warren St laboratory
if you look at Then vs. Now, look at Contract Date ThenIt is no secret that in looking at historical data for Manhattan lofts (or other Manhattan coops or condos, generally) that started not too long ago as new developments…
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