at least, not every buyer should always panic If you are a buyer actively searching for a Manhattan coop or condo, chances are good that someone you know or love has already scared you with In A Seller’s Market, Every…
Tag: Negotiation
not every buyer should panic: that scary New York Times article is right, to a degree
Tagged with: Bidding War, Days On Market, Discount, Inventory, Michelle Higgins, Negotiation, New York Times, Panic, Tips
Flower District loft at 133 West 28 Street sells at small discount after 11 months, 2 firms, only a $5,000 drop
why did that first contract fail?It is impossible to know this kind of thing from the outside, but there is a reason that the “1,300 sq ft” Manhattan loft #6C at 133 West 28 Street took nearly a year to…
Tagged with: Comps, Contract, Discount, Flower District, Miller, Negotiation, Neighbor, Outdoor Space, Patience, West 28
interesting pricing gambit does not work as 214 West 17 Street loft sells at 14% discount, 22% from first ask
how does that “if at first you don’t succeed …” thing work?No diversion today, as I missed a weekday of substantive Manhattan loft blogging. (if you are disappointed, call 3-1-1.) One way to look at the recent sale of the…
Tagged with: Combination, Comps, Conventioanl Wisdom Miller, Discount, Floor Plan, Negotiation, Neighbor, Renovation, Vtoy, West 17
“great bones” 100 Hudson Street loft sells above where it “should” have
the best comps are close in time, size and location, with few adjustmentsApparently The Market thinks that the difference between “1,100 sq ft” of “great bones” and “1,100 sq ft” of “meticulous renovation” and “superb craftsmanship” is $92,500 in Tribeca.…
195 Hudson Street loft takes deep haircut to close up 385% (since last century)
speaking of low-balls …Since the “2,325 sq ft” Manhattan loft #3D at 195 Hudson Street recently sold at $2.85mm after having been asking $3.5mm, you have to wonder just how low that negotiation started. A negotiated discount of 18.6% implies…
Tagged with: Bidding, Comps, Discount, Floor Plan, Glass Walls, Hudson, Low Ball, Negotiation, Neighbor, Renovation
deconstructing NY Times article about combining apartments to increase value
how the Real Estate Industrial complex works, and why it is unhelpful for consumersMaybe you people are way ahead of me, but I realized something that seems insightful about the unholy alliance between real estate media outlets such as the…
Tagged with: Combination, Leverage, Miller, Negotiation, Ny Times, Price Per Foot, Real Estate Industrial Complex, Renovation, Toy
104 Charlton Street loft takes 18% hit to close
mind the gapThose of us ‘brave’ enough to second-guess pricing strategy from the safety of past sales data for Manhattan lofts are intrigued by the history of a loft like #6W at 104 Charlton Street. It started at $2.55mm and…
Tagged with: Charlton, Comps, Discount, Longandnarrow, Negotiation, Neighbor, Nuclear Winter, West Soho
O’Neill loft seller finally gives up, yet sells above ask at 655 Sixth Avenue
bizarre is in the eye of the beholderI don’t think that the most unusual thing about the sale of the Manhattan loft #2M at 655 Sixth Avenue (The O’Neill Building) is the synchronicity in that it sold on February 17…
Tagged with: 2007, Bidding War, Discount, Negotiation, New Development, Oneill, Price Cut, Rentals, Sixth, Thin
a tale of 2 neighbors at 150 West 26 Street, with 1 hard bargain
‘tis a puzzlement Manhattan Loft Guy loves a puzzle, and a deed filed last Saturday provides one (not counting: they file deeds on Saturday??) … why did the Manhattan loft #901 at 150 West 26 Street sell on November 12…
Tagged with: 2001, Above Market, Combination, Extortion, Greenwich, Negotiation, Neighbor, Penthouse, Terrace, West 26
real estate market psychology: about seller refusal to take a loss
just ‘cuz “everyone knows” doesn’t mean it is not trueYes, it is no great revelation to state as fact that apartment or loft sellers in Manhattan (and elsewhere) are reluctant to sell (even when “on the market”) if they can…
Tagged with: Anchor Effect, Buyer, Discount, Loss Aversion, Negotiation, Psychology, Seller, Strategy, Sullivan, Wired
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