what took so long?Can we agree (just between us) that a Manhattan loft that sells at a 5% discount from first listing price has been priced right? Can we also agree that a Manhattan loft that has not sold or…
Tag: Discount
137 Duane Street loft sells after falling off peak
one child, two postersThe first time the Manhattan loft #2A at 137 Duane Street (Diamond Duane) sold it was auditioning as a poster child for Lofts That Sold At The Peak. (The sponsor sale was April 25, 2008, off a…
O’Neill loft at 655 Sixth Avenue sells despite not being marketed from July 2007 to December 2008
otherwise, it was actively marketedSome marketing campaigns are longer than others; few are as long as this (perhaps none). When the Manhattan loft #3B at 655 Sixth Avenue (the O’Neill Building) finally sold on February 28 for $1.22mm it had…
104 Charlton Street loft takes 18% hit to close
mind the gapThose of us ‘brave’ enough to second-guess pricing strategy from the safety of past sales data for Manhattan lofts are intrigued by the history of a loft like #6W at 104 Charlton Street. It started at $2.55mm and…
Tagged with: Charlton, Comps, Discount, Longandnarrow, Negotiation, Neighbor, Nuclear Winter, West Soho
O’Neill loft seller finally gives up, yet sells above ask at 655 Sixth Avenue
bizarre is in the eye of the beholderI don’t think that the most unusual thing about the sale of the Manhattan loft #2M at 655 Sixth Avenue (The O’Neill Building) is the synchronicity in that it sold on February 17…
Tagged with: 2007, Bidding War, Discount, Negotiation, New Development, Oneill, Price Cut, Rentals, Sixth, Thin
477 Broome Street loft takes what the market gives, moves on (to the bank)
a form of humility, yes?This one is hot off the presses (deed filed today): the Manhattan loft #31 at 477 Broome Street sold on January 25 for $1.515mm, a discount of 10.6%% off the $1.695mm ask. What is interesting about…
Tagged with: Broome, Ceilings, Comps, Contract, Discount, Negotiable, Neighbor, Renovation, Square, Tin Ceilings
213 West 23 Street loft takes what the market gives (28% off original ask)
when is a quick sale not a quick sale?To look at the recent marketing history, the Manhattan loft #5N at 213 West 23 Street was a pretty quick sale: to market September 8 at $3.695mm, contract by November 2, sold…
Tagged with: 2005, 2008, Disappointed Seller, Discount, Hiatus, Mcburney, Off The Market, Poster Child, West 23
pop-up (mystery) contract for loft at 476 Broadway
still not a ‘trend’, but a reminderIn my October 7 post, the puzzle of pop-up contracts, signed long after Off The Market at 144 West 27 Street and 24 East 21 Street lofts, I touched on the phenomenon of Manhattan…
real estate market psychology: about seller refusal to take a loss
just ‘cuz “everyone knows” doesn’t mean it is not trueYes, it is no great revelation to state as fact that apartment or loft sellers in Manhattan (and elsewhere) are reluctant to sell (even when “on the market”) if they can…
Tagged with: Anchor Effect, Buyer, Discount, Loss Aversion, Negotiation, Psychology, Seller, Strategy, Sullivan, Wired
did the Manhattan loft market improve by 15% from November to June? 43 Clarkson Street has 2 data points
one lingered, after drops; the other flew off the shelfEven infrequent Manhattan loft Guy readers know that I love paired loft sales! The October 4 sale of #2B at 43 Clarkson Street was posted the other night on The New…
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