Tag: New Development

funny math as first Sterling Mason loft resells: when is a $200k gain not a gain?

(you know this) when your transaction costs far exceed the ‘gain’ The suburbanites who just sold the first loft to resell at the uber-loft conversion slash new construction Sterling Mason, the “2,042 sq ft” Manhattan loft #4A at 71 Laight

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

Mike Myers doesn’t care about super luxury Tribeca loft market, because (money)

yes, Virginia, the rich are different from you and me Lots of people, when faced with the choice to live in a newly purchased spectacular loft in Tribeca or losing well more than a million bucks by selling right away,

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

111 Mercer Street loft gains $922,438 in 19 months, or did it?

developer left money on the table, skewing Manhattan loft market stats The big story about the “2,024 sq ft” Soho loft on the 3rd floor at 111 Mercer Street is in the headline: the folks behind the trust that paid

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

it’s only $15,000, but 449 Washington Street sales show the value of secrets to developers

there’s a celebrity angle to this Tribeca loft story I don’t usually talk about Manhattan loft sales in new development projects, but the recent publicity for the sale of a “1,665 sq ft” Manhattan loft denominated “Unit 3” at 449 Washington

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

architects trash O’Neill Building loft in Chelsea, in order to make it beautiful, of course

for the due diligence files of 655 Sixth Avenue loft buyers (caveat emptor!) Long-time readers of Manhattan Loft Guy know that I am a sucker for before-and-after photos; otherwise I have to wait for a loft having been sold twice,

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

price discovery can be hard, even for pros, as at 738 Broadway

marked down from $6 million! The “2,396 sq ft” Manhattan loft on the 2nd floor at 738 Broadway (the Broadway McKenna Building) in the most NYU-ish stretch of Noho that sold for $3.85mm at Christmas started life as a $6mm listing.

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

most patient sellers in the world sell 15 Broad Street loft after 3 years

one boat, in a rising tide… The “1,420 sq ft” Manhattan loft #2904 at 15 Broad Street (Downtown by Starck) that sold for $1.51mm on September 18 had been first offered for sale in December 2011 at $1.5mm and was

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

quiet & “quintessential” northwest Tribeca loft in move-in condition sells at $843/ft

… so, of course there’s an explanation (there are hints in the broker babble) The raw numbers associated with the three-week old sale of the Manhattan loft #3W at 466 Washington Street yield a stark equation: “3,500 sq ft” + $2.95mm = $843/ft. There

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

is there a discernible market impact to long-running litigation over defects in luxe Flatiron loft development?

some Manhattan loft topics never get old, though they do repeat The story about the 2010 new Manhattan loft development at 141 Fifth Avenue in the heart of the Flatiron district in yesterday’s The Real Deal, Savanna wants claims dismissed

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diversion is not about lofts, but about Manhattan real estate

perhaps not very diverting, but there you go Sheesh … the last weekend of the year already. I’ve noted a few End Of Year Review type pieces for future comment, most of which I will likely never get around to

Posted in manhattan real estate business Tagged with: , , , ,