(there’s a trick involved)Yes, when the Manhattan loft #2B at 129 Lafayette Street sold on August 31 at $1.375mm, that price was an improvement of 18% over the last sale, in 2008. But that 2008 sale at $1.168mm was in…
Tag: Flip
129 Lafayette Street loft beats 2008 price, caps B-line frenzy
Tagged with: 2005 New Development, Apartment, Comps, Cookie Cutter, Flip, Floor Plan, Lafayette, Lehman, Neighbor, Peak
44 Laight Street, where another flipper scarfed most of the gain, but did he work for it?
we’ve seen this movie beforeIt is some news that the “4,021sq ft” Manhattan loft #4A at 44 Laight Street (Grabler Building) sold on August 17 at $4.06mm, give that it last sold in December 2006 at $3.75mm, as that post-2006…
darn 2006 flipper ate up all the profit of 15 Broad Street loft
fasten seat belt, pleaseThe story of the recent resale of the Manhattan loft #1202 at 15 Broad Street (Downtown by Starck) begins in 2006, when the loft was sold by the developer. Remember those days of froth? First buyer paid…
raise the price to get the price, as Lion's Head loft sells after oddly successful campaign
up 7.5% since 2007This is one of those days on which I see Manhattan Loft Guy as a collector of curios, a collection of just one damn Bright Shiny Object after another. Today’s BSO is the “1,990 sq ft” Manhattan…
stubborn seller of 130 Fulton Street loft takes 10% haircut
yes, we have a word for the weekNow that we know that it is not a slur to call a seller with a sticky asking price “stubborn”, here’s another one: when the Manhattan loft #11B at 130 Fulton Street closed…
Tagged with: 2006, Brooklyn Bridge, Downtown, Flip, Fulton, Poster Child, Stubborn, Views, Woolworth
Lion's Head loft sale hits the number at 26% over 2006
patience can be over-rated, PrudenceSometimes The Market provides data that show Manhattan loft longitudinal trends in just a few data points. Note that the only meaningful difference between the sales histories of two lofts that sold recently at the Lion’s…
one Downtown by Starck loft pulls head above water, up 9% since 2006, another is down 4% since 2007
it gets complicated When the Manhattan mini-loft #2828 at 15 Broad Street in the uber-conversion modestly known as Downtown By Philippe Starck sold on May for $615,566, that seller realized a (gross) gain of $50,438 over the purchase from the…
49 East 21 Street loft shows the benefits (and PAIN) of timing
and windows (pain, or none)The Manhattan loft #11C at 49 East 21 Street sold on May 6 at a $100,000 premium to the asking price of $1.75mm. On the one hand, this shows the benefits of windows; on the other…
Tagged with: Berkshires, Connecticut, East 21, Flip, High Floor, Low Floor, New Development, Second, Sponsor, Windows
flipped early, Lion’s Head loft later gains only 4.8% since 2006
not much left overThe first re-seller of the Manhattan loft #8D at 121 West 19 Street (the Lion’s Head) soaked up nearly all the appreciation in the unit by flipping in two months in 2006, compared to the July 2006…
a flippin' fast flip at 151 Wooster Street, for a vanishingly small 'profit'
you’ll see how it vanishedWarning: there is no typo in the following sentence. The Manhattan loft #5A at 151 Wooster Street sold on March 3 for $5mm and on February 1 for $4.65mm. The trick is that the first sale…
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