is this the price of overreaching? The Conventional Wisdom is that a Manhattan loft that does not sell after being professionally exposed to The Market for ‘a long time’ has failed to sell because of price. This wisdom is not…
Tag: Peak
resale at 15 East 26 Street is up 16% since The Peak, but there’s a catch
some dates are more important than othersThe ‘simple facts’ are that the Manhattan loft #12C at 15 East 26 Street (the 15 Madison Square North new development from 2008) just sold for $1,501,000 on April 6, which is a significant…
Tagged with: 2006, East 26, Madison Square, New Development, New York Life, Peak, Powder Room, Views
111 Fourth Avenue lofted loft gains 12% since 2007 sale
if you build it (up), they will comeOffhand, I can’t recall a more bullish Manhattan loft resale than that of #6B at 111 Fourth Avenue, which closed on April 7 at $750,000 after having been purchased on October 27, 2007…
473 Broadway loft seller is stubborn after (somehow) missing peak
a rich history of sales, and of listingsThe Manhattan loft #5E at 473 Broadway that just sold on April 28 has now been re-sold twice since having been purchased from the developer in 2002, in what appears to be a…
Tagged with: Axiom, broadway, Conventional Wisdom, Discount, Failed Contract, Peak, Price Drop, Stubborn
from fire sale in nuclear winter to +27% at 155 Hudson Street
price discovery can be hardTake a generic classically Long-and-Narrow Manhattan loft, roughly 22 feet wide, with not a lot to brag about as far as finishes, and try to sell it in two very different sets of market conditions. As…
Tagged with: 2002, 2004, Comps, Hudson, Lehman, Longandnarrow, Neighbor, One Bed Wonder, Peak, Renovation
down and down 44 Walker Street loft closes after a year, off 7% since Peak
ominous trend lineThe Manhattan loft on the 4th floor at 44 Walker Street closed on April 26 at $1.79mm, which seems not particularly brag-worthy given that it started the marketing campaign way back on November 26, 2009 at $2.3mm. But…
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
245 Seventh Avenue loft sells after freezing in nuclear winter
not a new story, but stay for the floor plan pornThe Manhattan loft #2A at 245 Seventh Avenue that sold on April 12 at $1.675mm has a history that includes a nearly perfectly mis-timed sales campaign, starting within a few…
an odd pair: open loft at 284 Lafayette Street finally sells (again) followed by 'done' neighbor
maybe someone will build it out (this time)What if people buy their dream, then don’t (can’t?) realize their dream? The Manhattan loft #4D at 284 Lafayette Street sold pretty quickly way back in 2006 for $2.29mm as an “artist’s dream”…
how much were those roof terraces worth when 211 East 2nd Street loft sold?
probably $400,000 (but let’s see the math)When the Manhattan loft on the top of 211 East 2nd Street sold on March 15 at $2,122,500 (the last 6th floor / penthouse listing is here, but the prior one with surviving pictures…
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