how the Real Estate Industrial complex works, and why it is unhelpful for consumersMaybe you people are way ahead of me, but I realized something that seems insightful about the unholy alliance between real estate media outlets such as the…
Tag: Combination
deconstructing NY Times article about combining apartments to increase value
Tagged with: Combination, Leverage, Miller, Negotiation, Ny Times, Price Per Foot, Real Estate Industrial Complex, Renovation, Toy
FiDi at $645/ft as 3 Hanover Square loft sells at ask
little attention for these little loftsI don’t often pay attention to the various lofts in the greater Wall Street area, but the April 15 sale of the Manhattan loft combination #7AB at 3 Hanover Square caught my eye this weekend…
slow and steady loft at 148 West 23 Street wins race, eventually
not ‘forever’, but there was a birthdayAlthough the Manhattan loft #11BC at 148 West 23 Street (Chelsea Mews) ‘celebrated’ a birthday before closing on March 9 at $1.05mm, that birthday was a happier occasion than for some loft listings that…
Tagged with: Anniversary, Architect, Combination, Comps, Downsizing, Price Drop, Terrace, West 13, West 23, Windows
buying (+ overpaying) next door at 121 West 19 Street loft (Lion's Head, revisited)
talk about e-x-t-o-r-t-i-o-n!Let’s say you wanted to sell your Manhattan loft for $1.3mm but The Market offered no takers when you offered it publicly from February into July 2010. So you take it off the market, tail between your legs.…
NY Times loves the architects who (live in +) love lofts / West 15 Street Lego edition
mixing the metaphors, Lego + jigsawPerhaps it is just confirmation bias at work, but I really think the New York Times features a disproportionate number of lofts in it’s feature sections on Thursdays and Sundays. The latest example is the…
250 Mercer Street loft rode peak without selling, just sold off one-third
no cash in just riding a wave The Manhattan loft #B406 at 250 Mercer Street closed on December 1 at $1.65mm, a far cry from the asking prices in 2007 and 2008. If only… It is just not enough to…
Tagged with: Combination, Comps, Disappointed Seller, Efficient Market, Maintenance, Mercer, Neighbor, Peak
turning 2 “lofts” into 1 “apartment” at 303 Mercer, then selling for $996/ft
I’m not offended, reallySome people just prefer to live in Manhattan “apartments”, instead of “lofts”. I get that, but it is unusual to see one of those “apartment” people buy adjoining lofts (with 11 foot ceilings, large windows, wide-plank flooring,…
Tagged with: Apartment, Ceilings, Classic, Combination, Elevator, Flow, Greenwich Village, Mercer, Walkup, Windows
a tale of 2 neighbors at 150 West 26 Street, with 1 hard bargain
‘tis a puzzlement Manhattan Loft Guy loves a puzzle, and a deed filed last Saturday provides one (not counting: they file deeds on Saturday??) … why did the Manhattan loft #901 at 150 West 26 Street sell on November 12…
Tagged with: 2001, Above Market, Combination, Extortion, Greenwich, Negotiation, Neighbor, Penthouse, Terrace, West 26
another neighbor extorted, as Queer Eye tires of “Soho”, leaves 505 Greenwich Street loft for Chelsea
there’s nothing like leverageThe Wall Street Journal has the story today about loft owners at 505 Greenwich Street who so wanted additional space that they hugely overpaid to help the semi-famous neighbor next door realize that it was time for…
Tagged with: Arms Length, Combination, Comps, Greenwich, Miller, Neighbor, Outdoor Space, Television, Terrace, Wall Street Journal
no listing, but VERY motivated buyer for O’Neill loft at 655 Sixth Avenue greases a move to Tribeca
indeed, a unique buyerSometimes there’s a story you can figure out about a Manhattan loft that sells without having been offered publicly through a real estate brokerage. And sometimes there’s a story you can figure out about an anomalous sale.…
Tagged with: Arms Length, Classic, Combination, Comp, Jay, Neighbor, New Development, Oneill, Sixth, Trade
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