what if? is a fun game (you can make up your own rules!)When a loft does not sell, it is impossible to know what would have happened if it had been priced differently because (d’oh!) we cannot know how The…
Tag: Outdoor Space
penthouse loft at 121 West 20 Street beats Peak, but is it rational?
by 2%, but it is somethingOf course you know that any single number to summarize The Market (whether the entire Manhattan residential real estate market or the loft niche) smooths out a great deal of data noise. Some data points…
542 LaGuardia Place sale from February is news to New York Times readers
putting the lame in the LSMWe’ve been here before: I still assume there are people who still spend some quality weekend time poring over the Sunday New York Times real estate feature Residential Sales Around The Region to see what’s…
19 Warren Street loft sold by minor celebrity at major profit
had been a super white boxThe Manhattan loft #PH-W at 19 Warren Street sold on June 7 through a deed filed today (according to StreetEasy), yet the New York Observer observed in yesterday’s edition on-line that it had been sold,…
Tagged with: 1970s, Celebrity, Comps, Duplex, Neighbor, Outdoor Space, Penthouse, Television, Terrace, Warren
65 West 13 Street loft sales shows the trick about being patient
it’s the price, stupid!I’ve been on a bit of a jag lately, noting Manhattan loft sales that defy Conventional Wisdom by holding firm at a price for a (relatively) long time, then getting a deal done within reasonable negotiating range…
Tagged with: Comps, Miller, Neighbor, Outdoor Space, Patio, Prime Village, Second Floor, Stubborn, West 13, West 14
11 months to sell 58 Walker Street penthouse loft at (eventually) modest discount
3rd time = charmThe Manhattan loft on the 5th floor at 58 Walker Street had been a serial non-seller until finally selling on May 5 at $2,832,500. It had not sold when offered at $3.5mm (and higher) from July through…
808 Broadway penthouse loft lost 15% of value since 2007
dramatically different dynamics result in regressionWhen the duplex Manhattan loft with private roof deck #PH-C at 808 Broadway sold on October 1, 2007 it was the belle of its ball, sparking a bidding war to close at $1,987,000, a 5%…
Tagged with: 2005, 2007, broadway, Ceilings, Cooper Square, Lofted, Nursery, Outdoor Space, Rental, Renwick
808 Broadway loft sellers did not move far
maybe 30 feet, down to gardenSometimes the cliches commonly used to sell real estate are more than just cliches, cliched as they may be. Case in point: the marketing text for the Manhattan loft #4C at 808 Broadway (the Renwick)…
The Market corrects too low price for 53 N. Moore Street loft, generates a koan
straight up bidding warThere are a lot of green April loft sales on the Master List of Manhattan Lofts Sold Since November 2008; so many that the over-use of color in April deserves a post of its own. On some…
Tagged with: Bidding War, Comps, Freezer Burn, Koan, N Moore, Neighbor, Nuclear Winter, Outdoor Space, Peak, Zen
The Market corrects a Cast Iron loft over-correction, as 67 East 11 Street loft sells above (reduced) ask
Aphorisms ‘R UsStop me if you have heard this before: if a seller sets a price that is ‘too low’ The Market has an opportunity to fix that price. When the little (“710 sq ft”) Manhattan loft #411 at 67…
Tagged with: Cast Iron, Comps, Correction, East 11, Efficient, Neighbor, Outdoor Space, Poster Child, Small Loft
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