loft takes 3 years to contract, data are hard to track (sigh) If you took a look at the Past Activity tab on the StreetEasy building page for 49 Howard Street (aka 307 Canal Street) you wouldn’t know that the…
Tag: Flip
from raw to mints, 14 Jay Street loft doubles in value
old market news, newly closed The recently sold “1,620 sq ft” Manhattan loft on the 3rd floor at 14 Jay Street is a rather recent sale (July 15) but it does not reflect the recent market: the deal that…
Tagged with: Brick, Ceiling, Coney Island, Delayed Closing, Flip, Jay, Longandnarrow, Pipes, Raw, Renovation
late original buyer at 415 Greenwich Street flips Tribeca Summit loft for fun and profit
nicely played, sir (& madam); nicely played For people with an ‘investment’ approach to Manhattan residential real estate, this is how it’s done: buy at $3.35mm, sell 14 months later at $4.085mm. Everyone would do that if they could,…
Tagged with: 2006, 2008, Comps, Flip, Greenwich, Neighbor, New Development, Risk, Sponsor, Tribeca Summit
Keystone loft at 38 Warren Street sells up 15% in 11 months
after upgrades, not a renovationHere is another one for buyers who are feeling that (their part of) the Manhattan loft world is moving against them: the “1,850 sq ft” Manhattan loft #7C at 38 Warren Street (Keystone Building) could have…
712 Broadway loft sellers are the very model of modern motivated sellers (and unhappy flippers)
4 drops in 80 days, selling at huge haircutBecause it can be hard to track sales by units in the 2-building coop that includes 712 Broadway and 714 Broadway, there is no sales price associated with the StreetEasy listing for…
Tagged with: Barrel Vault, broadway, Ceilings, Classic, Discount, Flip, Motivation, Noho, Psychology, Renovation
hyper-local market for 18 East 12 Street mini-lofts is up 14% YoY
a head scratcher’s specialIt is an understatement to say that The Market loves the “970 sq ft” Manhattan loft #2A at 18 East 12 Street. In 2011 it took 25 days to find a contract and only 40 days to…
resale at The Cammeyer is up 5% over 2008, but at a cost
a long time flippingThe Manhattan residential loft conversion at 650 Sixth Avenue (on the Flatiron side of the old Ladies Mile) has been such a bumpy condominium that the sponsor is still selling units, 4 ½ years after the first…
Tagged with: 2008, Church, Flatiron, Flip, Kitchen, Ladies Mile, New Development, Nightclub, Sixth, View
flip city: 99 Reade Street loft sold in 2011 sells again, up 4%
so many questions Some people might look at the September 4 sale of the “1,576 sq ft” Manhattan loft #5W at 99 Reade Street (Reade Court) for $2mm and see that the big news is that it sold at that…
2011 new development loft, nicely flipped at 23% at 16 West 21 Street
take the money and runOne never knows what condo investors plans are, as some people who intend a quick flip end up being constrained by market forces working against them and others who plan on a longer term take opportunistic…
Tagged with: Broker Babble, Flip, Investor, Longandnarrow, New Development, Photography, Square Feet, West 21
old house guy takes a million dollar bath in new loft on Madison Square
real estate is a tough game, eh Bob?The end of the story through the sale of the Manhattan loft #20A at 15 East 26 Street (Fifteen Madison Square North) has been anticipated since one of the earliest television real estate…
Tagged with: Bob Vila, Celebrity, East 26, Flip, Franklin, Franklin Tower, Madison Square, Museum Tower, Old House, Townhouse
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