patience can be over-rated, PrudenceSometimes The Market provides data that show Manhattan loft longitudinal trends in just a few data points. Note that the only meaningful difference between the sales histories of two lofts that sold recently at the Lion’s…
Tag: New Development
imagine getting creamed on a $1,400/ft resale (46 White Street loft seller did)
does it make a difference if you know you will?At first glance, you’d think the seller of the “2,881 sq ft” Manhattan loft on the 3rd floor at 46 White Street (Woods Mercantile Building) would be thrilled selling on June…
one Downtown by Starck loft pulls head above water, up 9% since 2006, another is down 4% since 2007
it gets complicated When the Manhattan mini-loft #2828 at 15 Broad Street in the uber-conversion modestly known as Downtown By Philippe Starck sold on May for $615,566, that seller realized a (gross) gain of $50,438 over the purchase from the…
52 Thomas Street loft knocks resale out of the park, up 17% since 2008
sometimes The Market mystifies…I keep staring at the the record of the recent sale of the Manhattan loft #3A at 52 Thomas Street, without achieving clarity. That facts are simple but inexplicable: the first resale in this 2007 new development…
49 East 21 Street loft shows the benefits (and PAIN) of timing
and windows (pain, or none)The Manhattan loft #11C at 49 East 21 Street sold on May 6 at a $100,000 premium to the asking price of $1.75mm. On the one hand, this shows the benefits of windows; on the other…
Tagged with: Berkshires, Connecticut, East 21, Flip, High Floor, Low Floor, New Development, Second, Sponsor, Windows
One York loft finally sold by sponsor, with or without shirt
it had been rented, hadn’t it??I cannot find a complete past history of the Manhattan loft #9A at 1 York Street (One York, d’oh!) that sold on May 25, but I can tell you that our data-base shows that it…
21 Astor Place loft sells up 21% in 2 years
smarter than he looks?When the Manhattan loft #7F at 21 Astor Place sold on May 17 for $3,915,000 it made big news not because it found a contract within 6 weeks or had been bought 25 months earlier at $3,225,000,…
watching the new construction at 31 West 15 Street
there are worse uses for the inter-tubesThe hat tip goes to Curbed for linking on Friday to a single-purpose blog (or is it a vlog?), Bird’s Eye View NYC, which has been posting video of the demolition (and associated hijinks…
did the sponsor of 186 Fifth Avenue lofts get squeezed in first resale?
the runt of the litterBoth times the Manhattan loft on the 4th floor at 186 Fifth Avenue have sold have been odd sales. Back on those thrilling days of yesteryear (2007), when four full-floor lofts were offered by the sponsor…
Tagged with: Conversion, Fifth, Flatiron, Madison Square, New Development, Renovation, Sponsor, View, West 23, Windows
resale at 15 East 26 Street is up 16% since The Peak, but there’s a catch
some dates are more important than othersThe ‘simple facts’ are that the Manhattan loft #12C at 15 East 26 Street (the 15 Madison Square North new development from 2008) just sold for $1,501,000 on April 6, which is a significant…
Tagged with: 2006, East 26, Madison Square, New Development, New York Life, Peak, Powder Room, Views
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