follow the bouncing ballThe seller of the “1,097 sq ft” Manhattan loft #5A at 124 West 24 Street was motivated, and successful. He brought the 2007 era newly converted loft to market on August 23, found a buyer who signed…
Tag: Discount
was year-end loft sale at 101 Warren Street motivated by tax uncertainty?
the gain might make it worthwhile to have worried about tax uncertaintyMy rant about the Tax Uncertainty Meme that ran through the Manhattan Media Division of the Real Estate Industrial Complex (January 4, in which Manhattan Loft Guy bravely calls…
Tagged with: Capital Gains, Comps, Discount, Meme, Miller, Neighbor, Real Estate Industrial Complex, Tax, Uncertainty, Warren
in which Manhattan Loft Guy bravely calls BS on the Market Trend Meme Of The Day
fools rush in …Refill your coffee cup if you intend to get beyond the first few paragraphs here. My executive summary is that the much-repeated meme accounting for the huge sales volume at the end of 2012 is probably BS…
Tagged with: Days On Market, Discount, Miller, New York Times, Quarterly Report, Taxes, Trends, Volume
1 year, 2 contracts to resell 90 William Street loft unfairly, off slightly since 2008
sticking with the odysseysHave I mentioned recently that The Market is not fair? You’d have to have read between the lines of yesterday’s post (December 12, 6 prices, 13 months to contract for 107 West 25 Street loft) about a…
59 John Street loft seller takes forever to take a bath
if at first you don’t succeed …?The guy who paid $1,527,375 for the “1,651 sq ft” newly converted Manhattan loft #8C at 59 John Street in 2007 may never have thought that he was going to make a lot of…
Tagged with: 2007, Compeition, Comps, Discount, Five Nine John, John, Metaphor, Neighbor, New Development, Price Discovery
how the pros do it: 497 Greenwich Street loft was bought low, sold high
it took cojones to buy thenThe semi-famous folks who just sold the “2,541 sq ft” Manhattan loft #7A at 497 Greenwich Street in the extreme western edge of “Soho” (this micro-nabe does not feel like Soho to me, but I’ve…
Tagged with: Architect, Deniro, Disclosure, Discount, Greenwich, Nuclear Winter, Owner, Owner Broker, Pros, Winka
“perfection” goes for $1,025/ft in 252 West 30 Street loft
to catch a bargain, there must be a catchIn our last installment, the August 8, ‘architecturally designed’ loft with no view, little light at 114 West 27 Street sells at $799/ft (sue me: I’ve been busy), we found a bargain…
Tagged with: Discount, Finishes, Layout, Lincoln Tunnel, Location, Neighbor, Renovation, Square, West 30, Windows
'architecturally designed' loft with no view, little light at 114 West 27 Street sells at $799/ft
the only way to get a bargainThere are over 300 loft resales in 2012 on my Master List of Manhattan Lofts Sold Since November 2008, the vast majority of which have $/ft calculations, and only 19 of those lofts sold…
hard to comp loft at 115 Mercer Street closes up 10% over 2007 sponsor sale
and up 14% over upstairs neighbor with bad timingThe “2,170 sq ft” Manhattan loft #3A at 115 Mercer Street is one of 7 units in this 2007 residential loft condominium conversion and is now the second resale in the building,…
Tagged with: 2007, 2009, Asking Price, Comps, Discount, Mercer, Neighbor, New Development, Resale, Sponsor
market cruelty or mean streets? gut renovated sundrenched 347 West 39 Street loft closes at $675/ft, unadjusted for terraces
John McCain was rightNo, John McCain was not talking about Manhattan lofts, but is there anything more cruel than the history of the “2,000 sq ft” Manhattan loft #8E at 347 West 39 Street? To market on August 11, 2011…
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