if New York Times front pages it, ‘we’ are talking about itI will confess to a dropped jaw on seeing tha main article in this past Sunday’s New York Times Real Estate section: Board to Buyer: Nah. Not at That…
Tag: Power
hard to believe we are talking again about coop boards' power to reject price as too low
Tagged with: Attorney, Canute, Coop Board, Discretion, Judgment, Market Value, New York Times, Power, Too Low Price
TYAToMLG / the power (or wisdom) of a coop board rejecting a buyer because of price
Two Years Ago Today on Manhattan Loft GuyAbout the legal authority of a coop board to reject a purchase to ‘protect’ shareholders, and whether that makes any sense: power of a coop board to reject a deal as "too low"??…
About the guy at Manhattan Loft Guy
Sandy Mattingly has been Manhattan Loft Guy since March 2006. The Guy thinks out loud in real time on The Blog about the loft niche in the Manhattan residential real estate market, often via a post about a specific loft that recently sold, how the transaction fits into market trends, what is interesting (weird!) about the loft, and how that sale fits into past sales in the building. Perhaps the most unusual resource is unique to Manhattan Loft Guy: a Master List of downtown Manhattan lofts that have sold since November 2008 from $500,000 to $5,000,000. Now a Licensed Associate RE Broker with The Corcoran Group (as “Charles M. Mattingly” at 524 Broadway, NY, NY 10012), the content, opinions, errors (real-time blogging is sometimes not pretty), and snark are all his (scroll down for the disclaimer).
Of course, The Guy’s day job is helping buyers and sellers one-to-one and he can be reached most easily at Sandy.Mattingly@corcoran.com, Sandy@ManhattanLoftGuy.com or 917.902.2491, and followed on Twitter and FaceBook (see buttons, coming, above). In real life, he’s bought and lived in lofts in developing Manhattan residential areas going back to “Tribeca” in 1981 (back in the day, indeed) and believes in service. He’s been on the board and head of the parents association of one of the largest NYC private schools, chair of the pastoral council of his Chelsea parish, and lay trustee of that parish; currently he sits on the board of a 501(c)(3) social outreach mission, serves on the alumni council of his alma mater, and is proud to be a kidney donor (you can’t take it with you: see donation information here).
The Corcoran Disclaimer: “Equal Housing Opportunity. This website is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any property or services offered for sale on this website shall not be considered an offer to sell such goods or services in any state other New York.”
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Recent Posts
- weird fluff piece: “flip queen” may have actually lost money for mother-in-law
- Chelsea loft owner loved renovation more than The Market did
- small Chelsea lofts with height ceilings use high in different ways
- unique lofts like penthouse at edge of West Village are hard to comp
- Tribeca penthouse loft sells at 81 White Street with 3 free terraces
Recent Comments
- lure of the great outdoors drives value of Soho penthouse loft at 118 Wooster Street | Manhattan Loft Guy on riffing with The Miller on the value of Manhattan terraces, decks + balconies
- not many true artist lofts in Tribeca (one fewer as 145 Chambers Street sells at $821/ft) | Manhattan Loft Guy on 2013 buyer of damaged Tribeca loft gains $500,000 by demolishing it
- hints in the floor plan of a life lived in 32 West 20 Street loft as it sells after 23 years | Manhattan Loft Guy on the square footage dilemma: REBNY “leads” by protecting brokers, not buyers
- are Manhattan loft sellers more in sync with buyers this year? not really ... | Manhattan Loft Guy on Manhattan Loft Lab at 40 West 15 Street features building record, failed marketing, opposite styles, + more!
- simple, right? don't measure Market Trends by asking prices | Manhattan Loft Guy on how can a full price deal disappoint? when the Chelsea loft sells off nearly $2M from start
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