a little limbo action?There’s a rather large Manhattan loft for sale at a new price that is $1mm less than the original asking price. When it came to market last Summer (happy birthday wishes are now in order) a…
Tag: Discount
another big drop that worked / 69 Wooster Street closes under $1,000/ft after $850k drop
but only 15% off A Manhattan loft on the 5th floor at 69 Wooster Street closed in April under $1,000/ft, despite the fact that it was "newly renovated in a classic but modern style" and a ridiculously low maintenance…
50 Warren Street closes, off 45% from original ask + 14% off 2005 price
how do you spell O – U – C – H ?It is fair to assume that the sellers of the Manhattan loft on the 3rd floor at 50 Warren Street were quite frustrated with how … realistic … they…
Tagged with: 2005, Chambers, Discount, Long And Narrow, Negotiation, Price Drop, Sothebys, Square Feet, Warren
last sponsor sale at 59 John Street / folding tent + closing wallet
the price of a bath?The Manhattan loft in the new development (well, it was new in 2007) Five Nine John Lofts, #PH2 at 59 John Street, closed on June 24 at the recently public price of $1.35mm. Billed as the "last…
73 Worth Street closes by biting a very large bullet in one bite
did I say "large"?I wish I had a transcript for the negotiating that resulted in the June 12 closing of the Manhattan loft #4B at 73 Worth Street. The ‘simple’ facts are that it had been asking $3.2mm and the…
“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…
developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street
taking the money and runningIn looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In…
bringing low balls and a hard nose / developer trying to close out at 415 Greenwich
take the money + run?The Tribeca Summit at 415 Greenwich Street is a candidate for poster boy for bi-polar psychosis (an armchair diagnosis). The Manhattan loft deluxe condo conversion of a warehouse has been marketing since Summer 2006, at a…
Tagged with: 2006, Amenities, Conversion, Discount, Greenwich, Loading Dock, Price Drop, Tribeca Summit, Warehouse
497 Greenwich Street sale was off a low ball?
Page Six thinks so The Manhattan loft #7A at 497 Greenwich Street closed on April 16, just less than a month after going to contract. Not many Manhattan residential real estate agents make Page Six (I hope), but that…
price of 'museum quality' in Noho = $1,000/ft / 644 Broadway closes quickly
no dithering hereIn the (entirely fictional) Manual of Style for real estate agents, the phrase "museum quality" is used because (I guess) "quadruple mint" just does not zing. (The fact that few people actually want to live in a museum…
Tagged with: broadway, Ceiling, Comps, Discount, Museum Quality, Negotiation, Renovation, Sale, Windows
Top
Follow Us!