what a difference 3 years make It is no longer unusual to see this kind of history, but I remain fond of individual lofts that show in hard data how at least their hyper-local market has changed since 2010. In…
Tag: Discount
115 Mercer Street loft could not sell in 2010, sells 16% higher
Tagged with: 2007, 2010, Comps, Discount, Longandnarrow, Mercer, Neighbor, Neighborly Competition, New Development, Smnall Building
99 John Street loft sale is the very picture of motivation in a difficult environment
3 prices in 16 days, at a loss to 2008 buyI find listing histories like that of the “677 sq ft” Manhattan mini-loft #1704 at 99 John Street (99 John Deco Lofts) fascinating. Sometimes a listing history reveals patience (which…
Tagged with: 2008, Competition, Comps, Discount, John, John Deco, Motivation, Neighbor, Sellers Market, Sponsor
buy low, sell high: simple advice well executed at 121 West 17 Street loft
how bad was that nuclear winter, grampa?The last time the “1,135 sq ft” Manhattan loft #5D at 121 West 17 Street was offered for sale the ask was $1.34mm; this time, $1.295mm. Last time, the clearing price was $870,000; this…
Tagged with: Comps, Desperate, Discount, Neighbor, Nucear Winter, Opportunistic, Poster Child, Screens, West 17
ridiculous patience rewarded with sale of 263 Ninth Avenue loft at small discount
offered in October, contract in OctoberYou know that bit of Conventional Wisdom about how a listing that stays on the market for months without a price drop, it is at the wrong price and will need a price drop to…
Tagged with: Conventional Wisdom, Discount, Duplex, Heywood, Light, Ninth, One Bed Wonder, Patience, Pictures, Windows
market corrects too-low price drop at Chelsea Mercantile, just as it's supposed to
Conventional Wisdom, vindicatedRegular readers of Manhattan Loft Guy know that I often observe that, absent a thin buyer pool, The Market will correct a price drop that is ‘too low’ by having multiple bidders push the clearing price above the…
Tagged with: Chelsea Mercantile, Comps, Conventional Wisdom, Discount, Layout, Light, Neighbor, Seventh, View, Volume
119 Chambers Street loft with roof view discovers its clearing price, eventually
nicely played, photographer; nicely playedThe listing photos in support of the recent sale of the “2,236 sq ft” Manhattan loft on the 4th floor at 119 Chambers Street don’t lie: that is the Gehry building and that is the Woolworth…
Tagged with: Chambers, Discount, Gehry, Motivation, Price Discovery, Rent, Taxes, View, Woolworth, Yearend
712 Broadway loft sellers are the very model of modern motivated sellers (and unhappy flippers)
4 drops in 80 days, selling at huge haircutBecause it can be hard to track sales by units in the 2-building coop that includes 712 Broadway and 714 Broadway, there is no sales price associated with the StreetEasy listing for…
Tagged with: Barrel Vault, broadway, Ceilings, Classic, Discount, Flip, Motivation, Noho, Psychology, Renovation
all Soho is not alike: 12 Wooster Street loft sells for $869/ft after renovation
go figure (please show your worksheet)Even a sub-market like Soho has outliers. Regular readers of Manhattan Loft Guy know why Soho and Tribeca are high-end price outliers in the overall Manhattan residential real estate market (e.g., February 2, Tribeca and…
Tagged with: Comps, Discount, Elevator, Lake Wobegon, Neighbor, Occam, Prime Calssic, Renovation, Walkup, Wooster
not gussied, 46 Great Jones Street loft sells after 363 days, down 42% from first ask
I don’t find that in my (out of date?) handbookI don’t think I’ve seen this locution to describe an “authentic” Manhattan loft before: “NOT Gussied Up”. I think it like it, but the fact that it sticks out probably means…
Tagged with: Authentic, Broker Babble, Classic, Cruel, Discount, Floor Plan, Great Jones, Longandnarrow, Noho, Renovation
106 Duane Street loft sellers built a beauty then aimed at the moon (fell more than 200,000 miles short, alas)
where is it that pride goes?It is hard to imagine how disappointing it must be to renovate a loft beautifully, then find that The Market just doesn’t get it. I present for our consideration (and empathy) the “1,766 sq ft”…
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