hint: comping is hardThere’s a fascinating discussion thread going on over at StreetEasy, started by a potential buyer who said “I’m beyon[d] confused with pricing” and then asked that community for advice about bidding on a specific loft in Flatiron.…
Tag: Efficient
why did The Market hate this small loft at 315 Seventh Avenue?
cue the head-scratching machineIn a world of weird, in which Manhattan Loft Guy is something of a connoisseur of weird, the October 14 sale of 315 Seventh Avenue #12A (the Kheel Building) for $620,000 caught my eye. This little loft…
270 Broadway loft is another price-to-sell quick sale, in a surprisingly efficient market
closes off 12% from 2007 but very near ask You are entitled to a different opinion, but I never tire of noting the quick Manhattan loft sales where the loft was priced around (or below!) the last sale price. The…
22 Mercer Street loft market is VERY efficient (for now)
well, it’s a theoryGenerally speaking, the Manhattan real estate resale market is not terribly efficient, in the economic sense. First, because real time accurate information is not widely held (among other factors: in contract status, actual condition of units); second,…
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
loft market at 476 Broadway is pretty F'in efficient
you know I mean the "F" line market, right?Regular readers of Manhattan Loft Guy know that I often beat the drum about The Market being not very efficient, at least as far as individual loft sales provide data points. One…
454 West 46 Street loft sold after MUCH longer campaign than in the NY Post
muchI assume that anyone who finds the way to Manhattan Loft Guy knows not to trust "recent sales" information in dead tree media without verifying it. Today’s warning is sponsored by the Just Sold feature in today’s NY Post. When…
Tagged with: 2004, Comps, Days On Market, Duplex, Efficient, Neighbor, Ny Post, Piano, Renovation, West 46
efficient use of space, to nth degree
not a loft, not in Manhattan, but…This is one of the most amazing videos I have seen about using a small space. No matter how much space you have, at some point you probably wonder if your space can be…
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