is it the maintenance, Mars? [updated Oct 19 about the mortgage]There are a lot of factors contributing to the very low market value of the “1,700 sq ft” Manhattan loft on the 5th floor at 145 Chambers Street as reflected…
Tag: New Development
least expensive Tribeca loft ($471/ft!!) is 5 flights up at 145 Chambers Street
Tagged with: 400 Club, 500 Club, Chambers, Coop Conversion, Due Diligence, Maintenance, New Development, Price Drop
diligence due + negligence committed as West 15 Street lofts + East 15 Street apartments lose views
NY Times tells tales of intrigue, hubrisTerrific piece by VToy in today’s Sunday real estate section of the New York Times, Is That A Bulldozer I Hear? The subtle take-away is that New York City apartment or loft owners who…
Tagged with: City Council, Community Board, Coop Board, Diligence, East 15, New Development, Ny Times, Views, Vtoy, West 15
is the Manhattan loft market back to (up to) 2007? 61 repeat sales say “probably”, “a bit”
[updated Oct 2]61 66 pairs say yesOne of the frequent topics for a Manhattan Loft Guy Note to self … has been ways to exploit that oh-so-(potentially)-powerful Master List of Manhattan Lofts Sold Since November 2008, beyond the mere list…
Tagged with: 2007, Case Shiller, Comps, Master List, New Development, Paired Sales, Renovation, Spreadsheet
darn 2006 flipper ate up all the profit of 15 Broad Street loft
fasten seat belt, pleaseThe story of the recent resale of the Manhattan loft #1202 at 15 Broad Street (Downtown by Starck) begins in 2006, when the loft was sold by the developer. Remember those days of froth? First buyer paid…
when neighbors really compete, market can be quite efficient, as at 58 Walker Street
head-to-head and dollar-for-dollarUnlike the neighboring Cobblestone Lofts I hit on August 6 (28 Laight Street loft sale under-performs neighbor’s sale) that engaged in a serial competition for buyers, the two lofts that recently sold at 58 Walker Street directly competed.…
Tagged with: 2003, Ceilings, Competition, Comps, Longandnarrow, Neighbor, New Development, Outdoor Space, Walker, Warehouse
tired of pi**ing into the wind, 130 West 30 Street loft sellers take money, run
run far, to Jolly Olde, in factAlthough the sellers of the Manhattan loft #12C at 130 West 30 Street (the Cass Gilbert) tried to sell around $2mm in 2006 and again in the post-Lehman market into 2009 at $1.8mm, I…
Tagged with: 2004, 2006, Cass Gilbert, Hope, Light, Motivation, New Development, Resale, Shortandwide, West 30
Infinity Flats loft needs ultra refinishing to break even since 2007
but out-performing 2010 resalesI noted a week ago one new development in which at least one resale was a positive outlier (July 30, why did 263 Ninth Avenue loft resale kick some serious butt?). Every coin has two sides, and…
more man-on-dog action as 21 Astor Place loft sells up 3% since Peak
only $50,000, but stillI hit a Bright Shiny Object last weekend, a man-bites-dog story last month, and a sale at 21 Astor Place the month before that. Today’s feature is the sale of the “1,304 sq ft” Manhattan loft #6F…
Tagged with: Astor Place, Bright Shiny Object, Man Bites Dog, New Development, Outlier, Peak, Psychology, Trump
velocity in the Manhattan loft market / 72 Mercer Street sale was not the fastest
not to mention, huge gain over January 2008 sponsor saleI tend to collect a bunch of interesting recent sales each week for future posts, writing a headline and capturing the link; often I don’t get to all in that collection…
161 Grand Street loft closes up almost 1% over 2007
streets not as mean a bit westYesterday’s post (no mistaking the condition of artist loft at 184 Grand Street that sold for $710/ft) hit a very primitive artist’s loft on Grand Street near Mulberry Street, in the immediate Johnny Boy…
Tagged with: Artist, Authentic, Classic, Conversion, Film, Grand, Little Italy, New Development, Renovation, Scorcese
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