Tag: New Development

Wall Street Journal oversells a Manhattan 4 bedroom “boom”

  [UPDATE: note the way The Journal acknowledged the error and then edited to make the article even less coherent: December 19, Manhattan Loft Guy, 1 – Wall Street Journal, 0, as WSJ posts 4 bedroom correction] (mis) adventures in

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loft at 8-10 Warren Street is first resale of 2008 new development, but is still smiling

against the trendYou might bet that resales would be challenging in an At Peak Manhattan condominium conversion of a real loft building, particularly if you recall the exercise I went through in my March 5  data dump: 27 Manhattan lofts

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the happy (true!) story about that Pearline Soap loft sold at 20% “loss” as massive triplex assembled

not really a loss, but this gets complicatedThe fact that a deed was filed transferring the 2nd floor at 414 Washington Street (Pearline Soap) on October 14 for $3mm the same day the same LLC paid $1.6mm for the 1st

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no listing, but VERY motivated buyer for O’Neill loft at 655 Sixth Avenue greases a move to Tribeca

indeed, a unique buyerSometimes there’s a story you can figure out about a Manhattan loft that sells without having been offered publicly through a real estate brokerage. And sometimes there’s a story you can figure out about an anomalous sale.

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the limits of Infinity (Lofts) / 2007 new development trades 15+% off at 24 East 21 Street

even Infinity has limitsI hit 24 East 21 Street #5 at Infinity Lofts yesterday as one of a pair of Manhattan loft sales that featured a “pop-up” contract (one signed after a long period of being Off The Market; nice

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22 Mercer Street loft market is VERY efficient (for now)

well, it’s a theoryGenerally speaking, the Manhattan real estate resale market is not terribly efficient, in the economic sense. First, because real time accurate information is not widely held (among other factors: in contract status, actual condition of units); second,

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Tribeca's crowded townhouse corner: West Broadway at N. Moore + White

the only one in Tribeca?The news come from the Tribeca Tribune this morning, via Curbed, that the long-delayed project at the corner of West Broadway at the beginning of N. Moore Street is in an "active" phase again. When (if?)

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another developer haircut as 52 Thomas Street penthouse loft closes off 29% from original ask

"a little off the top, please" … and sides … and …The Manhattan new development loft Penthouse A at 52 Thomas Street was featured in yesterday’s Just Sold section of the New York Post’s real estate section: TRIBECA $1,850,000 52

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55 Thompson Street is not a nondo, is the luxe-est rental in Soho

back on Broome StreetLet’s move one block east from yesterday’s post, some lofts still get hammered, as 554 Broome Street sale shows, to visit the corner of Broome and Thompson Streets, which was to have been a new condominium but

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Times article disconnect / why developers should build schools UPDATED

is it about the links?Yesterday’s NY Times article by Christine Haughney in The Appraisal feature, Parents’ Real Estate Strategy: Schools Come First, got a lot of attention in the blogosphere, and probably in the real world, also (of course, the

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