no … really … I can prove itSometimes the loft market in Manhattan has moments of great clarity. When #12B at 505 Greenwich Street closed on December 29 at $1.895mm, we did not then realize it, but we were only…
Tag: Neighbor
477 Broome Street loft takes what the market gives, moves on (to the bank)
a form of humility, yes?This one is hot off the presses (deed filed today): the Manhattan loft #31 at 477 Broome Street sold on January 25 for $1.515mm, a discount of 10.6%% off the $1.695mm ask. What is interesting about…
Tagged with: Broome, Ceilings, Comps, Contract, Discount, Negotiable, Neighbor, Renovation, Square, Tin Ceilings
buying (+ overpaying) next door at 121 West 19 Street loft (Lion's Head, revisited)
talk about e-x-t-o-r-t-i-o-n!Let’s say you wanted to sell your Manhattan loft for $1.3mm but The Market offered no takers when you offered it publicly from February into July 2010. So you take it off the market, tail between your legs.…
459 Washington Street loft bounces back to the right price to sell
starting at the right price is not enoughI always wonder about the agent-seller dialogues with a sale like that of Manhattan loft #4N at 459 Washington Street (John Watts Condo), which cleared at $2.2mm on January 10. Working backwards from…
Tagged with: 2002, Capsouto Freres, Competition, Comps, Neighbor, New Development, Pontes, River, Views, Washington
white box loft sells for $847/ft at 251 West 19 Street, Manhattan Loft Guy is surprised
staying in ‘project’ modeYet another buy-and-build Manhattan loft that closed recently has caught my eye. Unlike the Manhattan lofts hit this week that were total gut jobs (January 25, 303 Mercer Street loft with nothing but potential sells for $640/ft,…
gut job loft at 395 Broadway provokes war, gets $1,000/ft
location, location … and what’s the 3rd one??The Manhattan loft #15A at 395 Broadway that sold on December 23 is a fascinating contrast with the loft I hit yesterday (303 Mercer Street loft with nothing but potential sells for $640/ft).…
303 Mercer Street loft with nothing but potential sells for $640/ft
why so low?On the one hand, the Manhattan loft 303 Mercer Street #B103 (in Snug Harbor; awwww) sold on January 10 at the full asking price of $1.6mm, as a loft that claimed a “renovated kitchen” and “unique architectural details”.…
NY Times loves the architects who (live in +) love lofts / West 15 Street Lego edition
mixing the metaphors, Lego + jigsawPerhaps it is just confirmation bias at work, but I really think the New York Times features a disproportionate number of lofts in it’s feature sections on Thursdays and Sundays. The latest example is the…
the difficulty in comping in former new development / the 101 Warren St laboratory
if you look at Then vs. Now, look at Contract Date ThenIt is no secret that in looking at historical data for Manhattan lofts (or other Manhattan coops or condos, generally) that started not too long ago as new developments…
first resale at Bullmoose lofts (42 East 20 Street) since nuclear winter re-sets values
seasons of change, indeedWhen the Manhattan loft #8C at 42 East 20 Street (The Bullmoose) sold on December 22, it was the first sale in the building since 4 sales between April 30 and July 20, 2009 — in the…
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