(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…
Tag: New Development
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,…
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…
Tagged with: 2010, 2012, broadway, Custom, Finishes, Long And Narrow, Mercer, New Development, streeteasy condo index, Uber Loft
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…
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,…
Tagged with: 2007, 2011, Architect, Bedrooms, Classic, closed kitchen, Columns, Kitchen, limelight, New Development, New York Magazine, Renovation, Sixth, Windows
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.…
Tagged with: 2005, Astor Place, Bath, broadway, Ceilings, deluxe, Discount, Fireplace, Long And Narrow, Marble, New Development, Sellers Market, Volume
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…
Tagged with: 2006, anglo irish bank, Broad, Cash Flow, Investor, Mortgage, New Development, Rent, Starck
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…
Tagged with: Beams, Brick, Celebrity, Classic, Columns, Floor Plan, Hudson River, Layout, Light, New Development, Renovation, Views
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…
Tagged with: Condo Board, defect, Due Diligence, Flatiron, Lawsuit, Litigation, New Development, trdny
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…
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