less here than meets the eyeYou will not find the recent "sale" of the Manhattan loft 65 West 13 Street #9C in the Master List of Manhattan loft sales since November 2008 because I refuse to believe that it is…
Tag: Discount
developer takes 27.2% haircut to close 166 Perry Street
did they get bored?The listing histories for the uber-development 166 Perry Street are a little fuzzy. Marketing started in 2007, well before construction was complete. (I wonder if the dominant color on the spreadsheets changed between first marketing and first…
from $1,102/ft to $874/ft at 420 West 25 Street in 3 years
no surpriseUnit #7D at the 2007 Manhattan loft conversion Loft 25 at 420 West 25 Street closed on February 27, 2008 at $1,476,462, from a contract signed in May 2007. This clearing price of $1,102/ft for the "1,339 sq ft"…
revisiting those embarrassing agents and their hot deal
it did sell, off another 20%About a year ago I hit (in this case, really hit) agents who puffed, prognosticated, provoked and perplexed me and buyer clients of mine who had the misfortune of visiting these folks at an…
spectacular restored loft gets 22% haircut, 85 Mercer sells for $937/ft
Word For The Week = "restoration"Last week’s Manhattan Loft Guy fun word was "unspoiled", as in my January 27 "unspoiled" loft at 70 Thomas St sells for $511/ft, about a loft in not-prime Tribeca that needed a lot of work…
double your money in 10 years! 135 West 17 Street does the deed
from "published" to "renovated classic"The Manhattan loft #4B at 135 West 17 Street closed on December 22, but this qualifies as late-breaking news because StreetEasy says the deed was filed yesterday. This was billed as "2,400 sq ft" of…
buying high, selling low (ouch) at 114 Spring Street
this one is difficult to fathom, my promise notwithstandingThe Manhattan loft #2 at 114 Spring Street has (and has had) a lot to recommend it: prime Soho location, "1,900 sq ft", 12 foot barrel-vaulted ceilings, bright lights and cast-iron views,…
Tagged with: 2005, 2006, Barrel Vault, Ceiling, Closed, Discount, Price Drop, Renovation, Resale, Spring
another big developer haircut as 246 West 17 Street closes at 25% discount (again)
cutting to dealI hit some new developments that closed after significant discounts from their last asking prices on June 20 (developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street)…
when you reach the right price … 105 Fifth Avenue closes
small discount, right priceThe Manhattan loft #7A at 105 Fifth Avenue closed on July 22 at $1.125mm, only a 4% discount from the (last) asking price of $1.175mm, proving that if you drop the asking price enough you don’t have…
courage is rewarded / 161 West 15 Street sells in the sweet spot of a cold market
easy on, easy off (sometimes), through tough compsHow’s this for getting it right? The Manhattan loft #2A at 161 West 15 Street came to market on January 16 and found a contract in 32 days (it closed May 12…
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