nuclear winter poster childI don’t know if there is a better example of the change in The Market that occurred after Lehman filed for bankruptcy protection in September 2008 and the Fall 2009 thaw in The Market than the Manhattan…
Tag: Lehman
808 Broadway seller bites painful bullet, closes off 15% since 2006
Tagged with: broadway, Comps, Contract, Lehman, Mezzanine, Neighbor, Nuclear Winter, Price Drop, Renwick
36 White Street misses the party, closes (off the radar) like its 2005
et tu, StreetEasy?The Manhattan loft on the 3rd floor at 36 White Street just closed for $1,337,500 (deed June 1, filed PDQ on June 4). Of course there are things about the Manhattan real estate business that I will never…
cool Manhattan sales volume data over at UrbanDigs
bumps + troughsNoah Rosenblatt just posted an interesting chart on his blog of average manhattan real estate sales volume (not prices, volume) from 2006 to present. Check out the whole thing for his explanation and cool graphics. He uses city…
dropping $2mm to make an un-lofty sale at 175 Sullivan Street
back story tells the story Officially, the Manhattan "loft" #4A at 175 Sullivan Street was on the market only since January 2009 ("starting" at $3.25mm) before closing on June 16 at $2.65mm — an apparent 18% discount. But the…
Tagged with: 2007, Ceilings, Contract, Lehman, Negotiation, Neighbor, Neighbors, Price Drop, Sullivan, Village
why would you do that? flipping (trying) at 25% over February 2009
head-scratching ensuesThere’s a Manhattan loft new to market in a building that has had a fair amount of activity in the past couple of years. One bit of that activity was this very same loft, selling in February for $1.73mm.…
“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…
at 65 West 13 Street, 3 years = off $20,000, but last year …?
how they could they not regret?If you drew a line between the fair market value of the Manhattan loft #8D at 65 West 13 Street (The Greenwich Condominium) from the sale in May 2006 at $2.22mm and the sale in…
pretty efficient (depressed) market at 505 Greenwich Street as both 6F and 7F sell, off 25%
compare and contrast, upstairs and down, now and thenHere’s another take on the theme of my neighborly competition thread (more links below): two all-but-identical Manhattan lofts at 505 Greenwich Street had overlapping marketing histories, prices and success, suggesting that even…
day late and a dollar short (recidivist edition)
chasing The Market southThere’s a Manhattan loft in a prime loft-y neighborhood back on the market recently that could be a poster child for that oh-so-painful process known as Chasing The Market. Here’s the most interesting part of the history: May 2008 offered at $2.195mm July 2008 $1.999mm September…
10 Bleecker remarkable space holds value remarkably well
as B goes, so goes AYou might look at the successful 9 day marketing campaign (NINE DAYS!) a year ago of the Manhattan loft #7B at 10 Bleecker Street as a marvel of timing, in the sense of how marvelous…
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