is $25,777 a reasonable premium for one floor higher?If the “1,135 sq ft” Manhattan loft #6D at 121 West 17 Street that just sold at $1,300,777 looks familiar that’s because you are thinking of its twin one flight down,…
Tag: Layout
a tale of two 2nd floor lofts on Thomas Street
one sold, one not It was the best of times for the 2nd floor loft at 86 Thomas Street, as it just sold for $1,325/ft; it was the worst of times for the 2nd floor loft next door at…
Tagged with: Ceiling, Columns, Competition, Kitchen, Layout, Neighbor, Renovation, Thomas, Western Union, Windows
45 Lispenard Street loft takes a year to sell at small discount to ask, 11% premium over Peak
‘tis a puzzlement The Market just loved the “1,800 sq ft” Manhattan loft #5E at 45 Lispenard Street, as we see from the fact that it sold on April 25 at $2.2mm after selling at near-Peak for just $1,988,500.…
Tagged with: Bidding War, Broker Babble, Discount, Empire State Building, Layout, Lispenard, Rational, Square, Views, Windows
disappointed seller of 121 West 20 Street loft accepts 25% below first ask
many numbers, just one sale Facts are, of course, facts: the “1,875 sq ft” Manhattan loft #2A at 121 West 20 Street was sold on March 20 at $2.55mm by the guy who bought it 7 years later for…
85 Leonard Street loft doesn't quite zoom, but sells above ask
nearly $2mm gain in 4 years The “2,434 sq ft” Manhattan loft on the 4th floor at 85 Leonard Street (the condo name, Kitchen, Montross & Wilcox Store, is a mouthful, explained below) enjoyed an enviable but hardly unique…
Tagged with: 2007, 2009, Ceilings, Layout, Leonard, Longandnarrow, Loss, New Development, Sponsor, Windows
unsold 2010 into 2011, 49 East 21 Street loft sells 18% higher
that was then … There are a variety of ways to show the change in market conditions in the overall Manhattan residential real estate market. Looking at individual downtown Manhattan loft sales as I do nearly every day turns…
Tagged with: 2005, 2010, Bidding War, Broker Babble, Comps, Doorman, East 21, Kitchen, Layout, Neighbor
95 Franklin Street loft sells with new space (not just newly renovated space)
the mezz makes the man, er, loft One of the hoary things you hear Manhattan real estate boosters say is that real estate here is so valuable because “it’s an island, they are not making more of it”. Of…
“recently renovated” 7 East 17 Street loft sells 18% over 2011 sale (as “newly renovated”)
there are no rules Of course there are no rules about how many calendar pages can be torn off before a listing should no longer be described as “newly” or “recently” renovated. In the case of the “2,774 sq…
Tagged with: Broker Babble, Closets, Comps, East 17, East 18, Gut, Layout, Neighbor, Outdoor Space, Renovation
a tricky $1,220/ft for a most lovely gut job of 451 Broome Street loft that took 50 weeks + 3 contracts to sell
a pretty short year This is the kind of history that is so infuriatingly rich that it is a shame not to know the whole story. The “2,400 sq ft” Manhattan loft #7E at 451 Broadway came to market a…
Starck loft at 15 Broad Street with no bedrooms sells at $833/ft, for that reason
a theme emerges The “1,470 sq ft” Manhattan loft #1926 at 15 Broad Street (Downtown by Starck) that sold on February 21 at $1.225mm is the third sale of a loft with no legal “bedroom” that I have hit…
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