if they were trying to provoke a war, they missedI have to wonder if the sellers of the “1,780 sq ft” Manhattan loft #12D at 66 Leonard Street (the Textile Building) thought they were going to provoke a bidding war,…
Tag: Competition
curiously modest pricing of no-expense-spared renovated loft at 66 Leonard Street nets (predictably?) modest price
Tagged with: Competition, Comps, Floor Plan, Leonard, Neighbor, Peak, Proper Names, Renovation, Textile
more than 18 months to contract for 377 West 11 Street loft
only 2 price changes, less than 10% totalYou’d think that a Manhattan loft on the market from August 2010 into 2012 would need more than a 10% price drop to sell(if you are like me, that is.) I still think…
Tagged with: Competition, Comps, Kitchen, Mezzanine, Neighbor, Patience, Price Drop, West 11, West Village, Windows
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
45 Crosby Street loft seller wins staring contest, sells at overall 9% discount before birthday
being stubborn can payThe sellers of the “2,000 sq ft” Manhattan loft #6N at 45 Crosby Street wanted to get their price: holding at $2.85mm for 6 months, then holding at $2.75mm for the next 4 months that it took…
Tagged with: Agency, Competition, Comps, Crosby, Disclosure, Neighbor, Penthouse, Renovation, Stubborn, Walker
another loft sale at 116 West 14 Street shows that TLC is cheaper than you'd think
cost vs. value, reduxThe “1,763 sq ft” Manhattan loft #8N at 116 West 14 Street sold on November 16 for $1.775mm, or $1,007/ft, in pretty good condition. The broker babble billed the loft as “spectacular condominium loft [that is l]oaded…
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
when neighbors really compete, market can be quite efficient, as at 58 Walker Street
head-to-head and dollar-for-dollarUnlike the neighboring Cobblestone Lofts I hit on August 6 (28 Laight Street loft sale under-performs neighbor’s sale) that engaged in a serial competition for buyers, the two lofts that recently sold at 58 Walker Street directly competed.…
Tagged with: 2003, Ceilings, Competition, Comps, Longandnarrow, Neighbor, New Development, Outdoor Space, Walker, Warehouse
28 Laight Street loft sale under-performs neighbor's sale
not like young Yankee pitchersThe Manhattan loft #5C at 28 Laight Street (Cobblestone Lofts, converted to condominiums in 2001) came to market last Fall just two days after the neighbor downstairs in loft #2B went to contract. These neighboring lofts…
Tagged with: Cobblestone, Competition, Comps, Efficient, Holland Tunnel, Laight, Neighbor, Rational, September 11, Yankees
459 Washington Street loft bounces back to the right price to sell
starting at the right price is not enoughI always wonder about the agent-seller dialogues with a sale like that of Manhattan loft #4N at 459 Washington Street (John Watts Condo), which cleared at $2.2mm on January 10. Working backwards from…
Tagged with: 2002, Capsouto Freres, Competition, Comps, Neighbor, New Development, Pontes, River, Views, Washington
bloody competition at one Manhattan loft building
tight smiles in the elevator?It has been a while since i have posted about active listings (even without identifying them). I suspect that it would be less than interesting to read many Manhattan Loft Guy posts that said, in essence,…
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