Tag: Neighbor

were feet in larger loft at 105 East 16 Street worth more than in smaller loft?

Conventional Wisdom about Manhattan residential real estate is right, often I don’t know if the equation “1 + 1 = 2.5” is original to The Miller, but he is my source for it. What he means is that in the

Posted in lofts in other neighborhoods Tagged with: , , , , , , , , , , , , , , , , ,

nice flip at 73 Worth Street, but why is a foundation doing that??

there’s a wrong way to flip, and there’s this way After picking on a guy with so much money that he didn’t really care if his aborted flip burned a barrel of cash or not (in my February 26, 155 Franklin

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , , , ,

that awkward moment, when your Tribeca past catches you short

third owners ever for American Thread Company loft face new challenges Did you ever have the experience of walking down the street (perhaps with your head down [snow!], perhaps on Beach Street, walking east at the rounded corner with Sixth Avenue)

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buy low, renovate well, sell high: easy-peazy at 366 Broadway

a conventional story downtown Manhattan, enhanced by beautiful renovation work I need to bring some balance, some rationality, to my consideration of loft renovation projects in Tribeca. Steven Soderbergh’s devil-may-care attitude is driving me a little crazy today (yesterday’s post, 155 Franklin

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , , , , , , ,

155 Franklin Street loft sells in a reverse flip (viewer discretion is advised)

sometimes real estate doesn’t work out (or was it Life that didn’t work out?) [major updates at bottom] No matter what your interest is in the Manhattan residential real estate market, what happened to the recent sellers of the “3,532

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , ,

open eastern view is worth $425,000 at Chelsea Mercantile (approx) (at least)

minus the office, plus 12 floors of iconic Manhattan loft Few downtown Manhattan residential loft conversions have provided as much grist for the Manhattan Loft Guy mill as ‘The Merc’ aka Chelsea Mercantile aka 252 Seventh Avenue. It is, in

Posted in loft neighborhoods chelsea Tagged with: , , , , , , , ,

Tribeca loft sells up 45% in 19 months … a superstorm effect?

hard to find another explanation for such a beyond-market result … When I get confused, I write. Not to end the confusion necessarily, but to seek peace. The sale four weeks ago of the “2,325 sq ft” Manhattan loft #2A

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , ,

let’s play Value The Terrace at 53 N. Moore Street, as penthouse loft sells!!

one of my favorite Manhattan real estate games … and a grand spectator sport Everyone has an opinion about the premium that outdoor space adds to a given property, but the nice thing about dealing as retrospectively as I do

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , ,

Cooper Square loft triples in value, disappointing owner

is it the exposure, Mars? The anonymous folk who just sold the “2,571 sq ft” Manhattan loft #4A at 62 Cooper Square (Carl Fischer Building) for $4.6mm didn’t quite triple their money, as they had purchased at $1.553mm, but close enough.

Posted in loft neighborhoods noho Tagged with: , , , , , , , , , ,

rational market? not for 15 Broad Street loft that sold 13% above unsuccessful 2013 ask

economists weep over the downtown Manhattan loft market (sometimes) In yet another twist on the Manhattan-lofts-that-sell-above-ask theme, the wrinkle that most interests me about the recent sale of the “2,011 sq ft” Manhattan loft #3120 at 15 Broad Street (Downtown

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