tomorrow must be a slow news day(Not for Manhattan Loft Guy; for the NY Times.) If it is "news" to Liz Harris of the NY Times (is she the new Josh Barbanel??), I guess it qualifies for at least a…
Tag: Contract
Saturday diversion / is Chelsea Mercantile contract newsworthy?
Tagged with: Amenities, Comps, Contract, Mercantile, Neighbor, Ny Times, Seventh, Wall Street Journal
contract litigation goes against greedy sellers
buyer lost job, then mortgage, then deal (not baby, or case)These things don’t often get litigated, probably because there is not enough money involved to justify the fees and because people (generally) do the right thing. But a Manhattan coop…
73 Worth Street neighbors (almost) fought over one buyer, $84k (loser closes closes down 10% since 2005)
the $84k may be more painful than the 10%The Manhattan loft #5B at 73 Worth Street closed on January 21 at $2.585mm, quite a step down from the $2,877,250 at which it was traded in September 2005. But the same-unit-different-year…
NY Times “recent” residential sales? not so much (at 252 Seventh Avenue)
standards at Old Grey Lady go all to hellYou’d think that the regular Sunday real estate feature in the New York Times, Residential Sales Around the Region, would be … you know … "recent", as the sub-head always is: "a…
Tagged with: 2005, 2006, Chelsea Mercantile, Closed, Contract, Ny Times, Price Drop, Price Increase, Seventh Avenue
modesty rewarded, but 'how well?' remains the question
sometimes Manhattan Loft Guy gets it rightI posed a question on July 8 that was answered very quickly: will pricing 25% below 2007 hit The Market in a sweet spot? The answer came in an update on StreetEasy the very…
one less funny person at The Porter House
… unless the buyer is a clown?I checked in at 66 Ninth Avenue (The Porter House) on August 16 (Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%) to tell a…
did 525 Broome Street get value for the 2008 renovation?
paired sale shows apparent gain over 2008The major improvement to the Manhattan loft sales data I aggregated into a Google Docs spreadsheet and posted (as MLG #1,000 on August 23) (click here to access it in the cloud) is that…
Tagged with: Broome, Canvass, Columns, Contract, Fireplace, Flip, Potential, Price Drop, Renovation, Resale
dropping $2mm to make an un-lofty sale at 175 Sullivan Street
back story tells the story Officially, the Manhattan "loft" #4A at 175 Sullivan Street was on the market only since January 2009 ("starting" at $3.25mm) before closing on June 16 at $2.65mm — an apparent 18% discount. But the…
Tagged with: 2007, Ceilings, Contract, Lehman, Negotiation, Neighbor, Neighbors, Price Drop, Sullivan, Village
last sponsor sale at 59 John Street / folding tent + closing wallet
the price of a bath?The Manhattan loft in the new development (well, it was new in 2007) Five Nine John Lofts, #PH2 at 59 John Street, closed on June 24 at the recently public price of $1.35mm. Billed as the "last…
(too rich, too thin) too stylish to sell (well)?
vanilla (sold) vs. guava with hints of chili (languishing)I was going to do this post about a recent sale of a Manhattan loft (one of those great price! 3-weeks-to-contract price discussions), possibly followed by an aside about the remaining unit…
Tagged with: Competition, Contract, Design, Ice Cream, Neighbor, One Bed Wonder, Price Drop, Renovation, Thin Market, West 18
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