head-scratching ensuesThere’s a Manhattan loft new to market in a building that has had a fair amount of activity in the past couple of years. One bit of that activity was this very same loft, selling in February for $1.73mm.…
Tag: Contract
“gotta sell” at 315 West 36 Street, so dropped 40% — and sold
seven figures of motivationThe Manhattan loft #12C at 315 West 36 Street was marketed with some urgency, some big price drops, and all caps (I have taken that annoying formatting off): "major price drop, must sell immediately!!!". Darned if they…
price drop can re-set expectations IF low enough
probably not low enoughThere’s a Manhattan loft newly returned to market in a brand-name Tribeca building that has been for sale for quite a while. It is now on its third firm and fourth price. It is hard to see…
ending up where they started / $4mm closing at 99 Jane
head scratching in a thin marketThe Market just proved that the Manhattan loft #10A at 99 Jane Street is worth $4mm, as that is the clearing price just now publicly available from the May 30 closing. That strikes me as…
10 Bleecker remarkable space holds value remarkably well
as B goes, so goes AYou might look at the successful 9 day marketing campaign (NINE DAYS!) a year ago of the Manhattan loft #7B at 10 Bleecker Street as a marvel of timing, in the sense of how marvelous…
more angst at $1,000/ft / feels like 2005 in Tribeca as contract (finally) signed
plop plop, fizz fizzI am going to mention this Manhattan loft contract signing while my eyes are still bulging; I will update with a clearing price when (if??) it closes and the price is available. My eyes widened — but…
worse than bandages? painful for sellers to rip the calendar
2009 as the new 2005, without the optimismIt is very challenging for most sellers to understand just how much The Market has shifted. Most sellers will acknowledge that they won’t sell now near peak prices, but they are reluctant to…
2005 wasn't bad, was it?
bet the UnderThere’s a good-sized Manhattan loft in a north Chelsea conversion from earlier this century that sold in August 2005 for $1.575mm. Because they thought that 2008 was not like 2005, they tried to sell about 20% above…
pushed it just enough for contract, eventually
April = then; February = nowI can’t wait to see how this ends, but the listing history of this newly-in-contract, current century, high-end Manhattan loft condo conversion is fascinating enough to warrant a comment even before the clearing price is…
are they fooling only each other? / 3 neighbors push, 1 smiles
regressing (meanly)I have been following a funky-but-spectacular (in its way) Manhattan loft and — after noting the last price drop (and reading a little frustration between the lines of the marketing text) — I checked on two other units in…
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