is this loft trolling Manhattan Loft Guy?? The recent sale of the “1,800 sq ft” Manhattan loft #7D at 240 West 23 Street (aka “Penthouse 7D”) for $2.2mm pushes a lot of Manhattan Loft Guy buttons. Most prominently and recently, it took…
Tag: Patience
176 Broadway loft finally sells (at $556/ft!)
apparently, buyers prefer windows (go figure) I know of no downtown Manhattan loft building that The Market treats the way it does 176 Broadway. There remains a mystery (to me*) legacy that causes things like this to happen: the “1,906…
ridiculous patience rewarded with sale of 263 Ninth Avenue loft at small discount
offered in October, contract in OctoberYou know that bit of Conventional Wisdom about how a listing that stays on the market for months without a price drop, it is at the wrong price and will need a price drop to…
Tagged with: Conventional Wisdom, Discount, Duplex, Heywood, Light, Ninth, One Bed Wonder, Patience, Pictures, Windows
it should not be this hard to get the right price, as 40 West 15 Street loft (finally) sells above ask
patience, of course, is a virtue (if rewarded)The listing history for the “2,000 sq ft” Manhattan loft #2A at 40 West 15 Street involves several efforts, but considering that it sold for $2mm on July 2, the numbers are just…
Tagged with: Authentic, Brick, Challenge, Comps, Glass Brick, Layout, Patience, Rational, Renovation, West 15
more than 18 months to contract for 377 West 11 Street loft
only 2 price changes, less than 10% totalYou’d think that a Manhattan loft on the market from August 2010 into 2012 would need more than a 10% price drop to sell(if you are like me, that is.) I still think…
Tagged with: Competition, Comps, Kitchen, Mezzanine, Neighbor, Patience, Price Drop, West 11, West Village, Windows
Flower District loft at 133 West 28 Street sells at small discount after 11 months, 2 firms, only a $5,000 drop
why did that first contract fail?It is impossible to know this kind of thing from the outside, but there is a reason that the “1,300 sq ft” Manhattan loft #6C at 133 West 28 Street took nearly a year to…
Tagged with: Comps, Contract, Discount, Flower District, Miller, Negotiation, Neighbor, Outdoor Space, Patience, West 28
big space, small price for 142 West 26 Street
but there’s an alibiThere is a reason why the “3,870 sq ft” Manhattan loft on the 7th floor at 142 West 26 Street sold on September 19 at only $722/ft ($2.475mm) despite having a “chef’s kitchen … with Liebherr, Viking…
Lion's Head loft sale hits the number at 26% over 2006
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…
remarkable patience! 23 months to close 10 White Street loft
sweaters during the nuclear winter?The listing history for the Manhattan loft on the 3rd floor at 10 White Street is unusual because most sellers who came to market when Lehman fell did not stay on the market continuously if they…
3 firms, 7 prices, 3+ years / patience paying off at 521 W 23
love to hear this story….Unit 7F at 521 West 23 Street came to the market with PruDE in June 2004 for $1.775mm. Since then, it has been off the market in March and April of 2006 and August in 2007.…
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