it has been a long timeAs my buddy Noah at Urban Digs is fond of pointing out, the ideal way to do comps is to use a recent sale in the same building of a loft of similar scale. That…
Tag: 2009
Bull Moose loft is first post-thaw sale without outdoor space at 42 East 20 Street, up 54%??
Tagged with: 2009, Broker Babble, Bull Moose, Comps, Courage, East 20, Floor Plan, Neighbor, Thaw, Trends
29 East 22 Street loft sellers take the money and run (up 41% since 2010 purchase)
nice work, if you can get itI can’t tell how the recent sellers of the “2,300 sq ft” Manhattan loft #5N at 29 East 22 Street bought the place in 2010, but I can see what they paid then, and…
Tagged with: 2009, Conundrum, Country, Disappointed Seller, East 22, Fight Or Flight, Kitchen, Modern, Nuclear Winter, Private
133 West 17 Street loft with open air + potential sells for $1,071/ft
the dog that did not barkSometimes a loft that does not sell tells you something as interesting about the market as a loft that does sell. For Exhibit A, I give you the "1,770 sq ft" Manhattan loft #5C at…
renovation premium evident as 720 Greenwich Street lofts sells for 29% over 2010
though extent of renovation is still somewhat unclearThis is how to let the world know the vintage of a renovation used to market a Manhattan loft: “renovated in the last year with …”. No need to worry about what an…
Tagged with: 2009, 2010, Broker Babble, Ceiling, Comps, Greenwich, Kitchen, Neighbor, Renovation, Tin
hard to comp loft at 115 Mercer Street closes up 10% over 2007 sponsor sale
and up 14% over upstairs neighbor with bad timingThe “2,170 sq ft” Manhattan loft #3A at 115 Mercer Street is one of 7 units in this 2007 residential loft condominium conversion and is now the second resale in the building,…
Tagged with: 2007, 2009, Asking Price, Comps, Discount, Mercer, Neighbor, New Development, Resale, Sponsor
more developer's remorse: scooped by Curbed over 246 West 17 Street loft resale +89% in 3 years
no blogger’s remorse, howeverHow’s this for a Bright Shiny Object? The “1,717 sq ft” Manhattan loft (with a “321 sq ft” terrace) #1C at 246 West 17 Street recently sold at $2.55mm after having been sold in 2009 by the…
Tagged with: 2008, 2009, Bottom Feeding, Contract, Discount, Down Payment, Haircut, New Development, Sponsor, West 17
developer’s remorse? Gansevoort loft sells +50% over 2009 sponsor sale at 325 West 13 Street
fill in the blank: timing is …?The title question is not quite a Philip K. Dick level inquiry, but I have to wonder if developers have feelings, after noting the resale of the “2,236 sq ft” duplex Manhattan loft #1…
Tagged with: 2009, Duplex, Gansevoort, Garden, Greenwich, New Development, Outdoor Space, Resale, Sponsor, West 13
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
73 Worth Street loft takes a long time to sell above ask
from the annals of (slightly) weirdMost sales that generate a deal above the asking price happen quickly, right? Everyone knows that bit of Conventional Wisdom. Except for the sellers and buyer of the “2,233 sq ft” Manhattan loft #3F at…
Tagged with: 2005, 2009, Bidding War, Comps, Conventional Wisdom, Neighor, New Development, Premium, Upgrades, Worth
21 Astor Place loft sells up 21% in 2 years
smarter than he looks?When the Manhattan loft #7F at 21 Astor Place sold on May 17 for $3,915,000 it made big news not because it found a contract within 6 weeks or had been bought 25 months earlier at $3,225,000,…
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