good, or bad? yes and noI had a kind of cocktail party conversation with someone who may be buying very near a high profile (pun intended) proposed Major Real Estate Development in a prime part of Manhattan. Long story…
Tag: Light
what about that (not yet) New Construction across the street?
Tagged with: Construction, Danger, Greenwich, Impact, Leonard, Light, New Development, Noise, Value, View
64 Grand Street closes UP 12% since 2006
The Market has many facesOne of these days I will do a long post about how The (overall) Market is made up of individual transactions that vary widely from The (overall) Market trend. But not today. Today the news is…
strong pricing hint on lovely loft for sale at 360 West 36 Street
exception to the rule (he’s begging me)Most Manhattan Loft Guy readers understand why I haven’t commented on identifiable current listings for the past year and a half. I am going to make an exception for a loft (a) that I…
they gave the roof away to close the 158 West 23 Street penthouse
very, very, very weakThe Manhattan loft conversion at 158 West 23 Street started marketing in mid-2007, offering floor-through lofts of "1,865 sq ft" that were offered as open spaces with full kitchens and (usually) (only) 1.5 baths. I.e., not exactly…
the importance of managing expectations
why set buyer up for disappointment?I hope it will shock no one to hear that not all high-priced Manhattan lofts are perfect. Some, indeed, have gross deficiencies. There is an interesting dance to marketing one of these lofts: playing up…
what a difference a year (and a view) makes, as 161 Grand Street closes
then v. now, spectacular v. move-in, view v. not-so-muchThe Manhattan loft #4B at 161 Grand Street closed last week for $1.71mm after a relatively brief (successful) campaign. This "1,831 sq ft" "beautiful and spacious" loft was marketed as being in…
biting a big bullet in little pieces / 9 Murray closes off 40%
price of "canvass" has plummetedThe Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in…
“absolute showplace” at 113 Greene Street in Soho goes for $918/ft (absolutely)
adding value did not increase price (much)The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other…
Tagged with: 2006, Ceilings, Classic, Closed, Greene, Light, Longandnarrow, Price Drop, Renovation, Windows
4 months to close, 4 years to zero out at 260 West Broadway
threading the needle to a quick sale, through the Way Back Machine The Manhattan loft #5G at 260 West Broadway (the American Thread Building) slid through The Market this year, starting on January 8 and finishing on May 6. (Not…
Tagged with: 2005, American Thread, broadway, Hudson, Light, Negotiation, Square Feet, Views, West Broadway
lipstick on a pig, or, buying an overdone ($1mm?) remodel
‘pig’ is a metaphor, of courseWhat if you bought a Manhattan loft with not much light and low ceilings, and put a ton of money into it — really jazzing it up in decidedly not neutral tones — then decided…
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