follow the bouncing ballThe seller of the “1,097 sq ft” Manhattan loft #5A at 124 West 24 Street was motivated, and successful. He brought the 2007 era newly converted loft to market on August 23, found a buyer who signed…
Tag: New Development
failure to flip: over-pricing in 2008 leads to loss in 2012 over 2007 for 15 West 20 Street loft
memory lane trippingI wrote the headline above based just on the rather extensive sales history of the “2,259 sq ft” Manhattan loft #8A at 15 West 20 Street (Altair 20) (details below), before discovering that I covered the key old…
the stuff you can't see earned 7th floor loft at 15 West 20 Street a 13% premium over 8th floor
(I can’t see them, either)Did the hyper local Manhattan loft market in one Flatiron 2005 era new development improve by 13% in … (wait for it) … 6 days? Sounds ridiculous, right? Well, the “2,259 sq ft” Manhattan loft #8A…
158 West 23 Street loft zooms more slowly through market
the real story is the 2007 contextYesterday it was 17 days to contract 8% above the ask at the top of Soho (December 7, 12 days to contract 8% over ask at 284 Lafayette Street loft with 8 skylights); today…
how did 111 Mercer Street get some kind of one-off exemption from Artist in Residence requirements?
inquiring minds want to knowFascinating piece in the The Real Deal today, In rare instance, Soho building has Artist-in Residence requirement waived, stating that the 4-unit condo residential loft new development at 111 Mercer Street will not have to comply…
Tagged with: Artist, Artist In Residence, Exemption, Mercer, New Development, Parking Lot, Soho, Zoning
59 John Street loft seller takes forever to take a bath
if at first you don’t succeed …?The guy who paid $1,527,375 for the “1,651 sq ft” newly converted Manhattan loft #8C at 59 John Street in 2007 may never have thought that he was going to make a lot of…
Tagged with: 2007, Compeition, Comps, Discount, Five Nine John, John, Metaphor, Neighbor, New Development, Price Discovery
more skirmishing: 58 Walker Street loft zooms through market above ask
what is short and sweet, and worth $1,258/ft?The “1,927 sq ft” Manhattan loft on the 3rd floor at 58 Walker Street had a short and sweet marketing campaign: to market on August 6 at $2.395mm, in contract at $2.425mm by…
were sellers of 21 Astor Place loft more motivated this year, or was market stronger than in 2011?
the numbers say there is a story, but not what the story isThe sellers of the “1,436 sq ft” Manhattan loft #10A at 21 Astor Place gave it a long shot last year, asking $2.25mm almost six months before taking…
10 months + 4 price drops to contract for 124 Hudson Street loft to sell 16% over 2007 but only off 5% from original ask
much ado, much profitThe folks who bought the “2,057 sq ft” Manhattan loft #4B at 124 Hudson Street in April 2007 just sold it for a gain of 16%. That’s nice work. Weird thing is that it took a while…
Tagged with: 2001, 2007, Classic, Comps, Greenwich, Hudson, Neighbor, New Development, Peak, Rent V Buy
massive combined loft sells $65,000 above ask at 53 N. Moore Street
“ridiculous potential”, as in "not yet realized"The strangest thing about the recent sale above ask of the “4,040 sq ft” Manhattan loft combination #2DE at 53 N. Moore Street is not that above-ask thing; no, the strangest thing about this…
Tagged with: 2001, Combination, Floor Plan, Layout, N Moore, New Development, Renovation, Sponsor, Volume, Windows
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