odd things stick outIndividual sales show the ebbs and flows of the Manhattan real estate market, as odd specific data points don’t exactly fit the general narrative. If that is too obscure a way to start a post (even for…
Tag: Negotiation
another late bidding war, as 55 White Street loft sells at 104% of (reduced) ask
Tagged with: Bidding War, Ceilings, Classic, Columns, Comps, Lehman, Negotiation, Neighbor, Penthouse, White
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
negotiation science / The Anchoring Effect
indeed, "we" are not so smartInteresting post from an interesting blog that I have been mulling over this past week, as it had great personal relevance this week (story below) and has a real estate nexus. The post is Anchoring…
outsmart the market? or, write a dumb headline?
curmudgeon much??I got very confused reading the lead-front-page-above-the-fold NY Times article in today’s Real Estate section, Five Ways for Buyers to Outsmart the Market because — for some reason — I kept looking for ways that buyers could outsmart the…
courage punished, not rewarded, as 22 West 26 Street closes off 36% from first ask
4 price drops, 49 weeks, blood on the tracksThe Manhattan loft #7H at 22 West 26 Street closed on February 2 at $1.215mm after a rather long slog and a pointed slap from The Market: it was first offered…
risk, revisited / I am still a coward, but the 'brave' did not sell (yet)
checking back on the SpringI recently had a conversation with a former shareholder in one of the Manhattan loft buildings that I visited in my March 25 lengthy rumination, am I a coward? assessing + bearing risk in a risky…
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
50 Warren Street closes, off 45% from original ask + 14% off 2005 price
how do you spell O – U – C – H ?It is fair to assume that the sellers of the Manhattan loft on the 3rd floor at 50 Warren Street were quite frustrated with how … realistic … they…
Tagged with: 2005, Chambers, Discount, Long And Narrow, Negotiation, Price Drop, Sothebys, Square Feet, Warren
ending up where they started / $4mm closing at 99 Jane
head scratching in a thin marketThe Market just proved that the Manhattan loft #10A at 99 Jane Street is worth $4mm, as that is the clearing price just now publicly available from the May 30 closing. That strikes me as…
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
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