Tag: Appreciation

when the market does not appreciate your renovation, appreciation is limited (43 West 21 Street loft edition)

numbers don’t lie, but they can obscureIf you look at only the October 5 sale of the “1,850 sq ft” Manhattan loft on the 3rd floor at 43 West 21 Street (at $2.04mm) and its most recent resale (July 24,

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40 Mercer St loft resale up 13% over 2009 sale, 21% lifetime

straight line gainsThe Manhattan loft #3D at the celebrated 40 Mercer Street sold on April 6, for the third time in its young life. (Does that mean people love it or hate it?) I will explain in a minute why

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more eternal springing / will unsuccessful 2006 price work in 2008?

if at first you don’t succeedI saw a new Manhattan loft listing this morning in a prime loft building in a non-prime loft neighborhood that has been off the market for two years. I am not going to be more

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13 Jay Street closed but much appreciated

I hit 4th floor at 13 Jay Street (link won’t work any more) when it was new to market in October, then asking $2.495mm and $1,518/mo for "1,860 sq ft" (Oct 8, doubling up at 13 Jay / 4 year’s

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156 Franklin bites a 9% bullet

did not attract The Market (yet)I hit The Manhattan loft on the 5th floor at 156 Franklin Street when it was new to the market two months ago (more appreciating appreciation / 156 Franklin is new (improved)), noting the (anticipated)

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57 Bond back on market / still pushing (new) neighborhood values

bless the neighborsI hit #4E at 57 Bond Street when it was new (November 1 re-setting values at 57 Bond / there goes the neighborhood), noting that it was a new development in 2003 and probably sold then for about

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and raise you … / pushing at The Bullmoose

taking the temperature of The MarketBack in those thrilling days of yesteryear, new listings were often priced something like this: take the last sale in the building and add X%, where X could be 10%, 15% or 20%, depending on

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re-setting values at 57 Bond / there goes the neighborhood

gotta appreciate the appreciation#4E at 57 Bond Street is new to the market this week, asking $3.45mm and $1,712/mo (condo) for “2,125 sq ft” in a 2003 condo conversion that sold as new four years ago for (probably) less than

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the opportunity in an artist’s loft / new at 152 Wooster

possibilities can be expensiveWhen the listing description says “full of character and possibility” and “currently configured as a largely open 2 BR artist’s loft”, you should plan to visit with your architect and your contractor. So come on down to

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quick contract, long history of appreciation at 720 Greenwich

3+ weeks for contract at $1,350/ftUnit 6D at 720 Greenwich Street came to market on October 1 with Paula Allen of Sothebys and it shows as In Contract this morning; with such a quick sale they are likely to be

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