why so low?On the one hand, the Manhattan loft 303 Mercer Street #B103 (in Snug Harbor; awwww) sold on January 10 at the full asking price of $1.6mm, as a loft that claimed a “renovated kitchen” and “unique architectural details”.…
Tag: Peak
250 Mercer Street loft rode peak without selling, just sold off one-third
no cash in just riding a wave The Manhattan loft #B406 at 250 Mercer Street closed on December 1 at $1.65mm, a far cry from the asking prices in 2007 and 2008. If only… It is just not enough to…
Tagged with: Combination, Comps, Disappointed Seller, Efficient Market, Maintenance, Mercer, Neighbor, Peak
loft that missed The Peak at 30 West 15 Street comes back to sell, modestly but successfully
very quiet local market30 West 15 Street is a classic Manhattan loft building of its type: a handsome 12 story building built about 100 years ago with 21 coop units (converted 1980), and a North unit and South unit on…
Tagged with: 2007, 2008, Alchemy, Comps, Empire State, Neighbor, New Development, Peak, Views, West 15
$1,685/ft for 166 Duane Street loft, as it flies off shelf
Fall market was fastWhere to begin about the Manhattan loft 166 Duane Street #10B? First thing I noticed was velocity: to market on October 7, in contract by October 30, closed on December 3. (That is the third loft I…
pinning a data point: national residential real estate peak was July 2006
all real estate is, indeed, localQuick and dirty post just to establish a baseline …. I came across this Bloomberg news article last week about the national residential real estate market in which an aside caught my attention: National prices…
perfectly terrible storm hit sale of 77 Bleecker Street loft
opera fan or stage fan?Sometimes there is human drama in a dry set of Manhattan real estate purchase-and-sale data. It is difficult for me to look at a two-and-a-half year sequence culminating in the recent sale of the Manhattan loft…
184 Franklin Street walk-up loft shows market down at least 17% from The Peak
it is nice when the data points behave themselvesThe Manhattan loft 184 Franklin Street #6 that sold on November 22 for $542,000 is one of those rare commodities: a Tribeca mini-loft. It interests me as a data point because it…
flight or fight? the disappointed seller’s conundrum, 30 East 21 Street and 205 West 19 Street lofts edition
persist? or take a time out?There’s a hard decision to be made at some point by every loft seller who is disappointed that The Market does not love the loft as it should, second only to the harder decision as…
nice flipping loft at 49 Howard Street
aka 307 Canal StreetThis building caught my eye this week when I noted the Manhattan loft #3N at 49 Howard Street was sold on October 13 to a Swedish couple for $1.9mm after having been bought in February 2008 for…
131 Watts Street penthouse loft asks: if you can’t sell in 2006, 2007, 2008, or 2009 …
… can you sell in 2010?If a Manhattan loft owner tried to sell in each year since 2006 without success until two weeks ago, he deserves ample credit for Trying. But does that credit outweigh the Demerits he earned by…
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