snap shot of chilly timeThe resale of the “1,562 sq ft” Manhattan loft on the 2nd floor at 53 Warren Street is a happy tale for the sellers, as they paid the sponsor only $1,705,568 in August 2009 for the…
Tag: Price Drop
53 Warren Street loft resale shows depth of bath developer took in 2009
Tagged with: 2008, 2009, New Development, Nuclear Winter, Peak, Penthouse, Price Drop, Townhouse, Trough, Warren
22 Warren Street loft seller paints a portrait of motivation
painting by numbersMaybe the winner of the Oscar for Most Motivated Buyer would have dropped in another price or two, but 4 price drops in 9 weeks looks to me like at least an performance worth a nomination by the…
Tagged with: Authentic, Classic, Clinton, Comps, Motivation, Neighbor, Price Drop, Renovation, Rental, Warren
15 Mercer Street loft closes off a million
width + height = volumeI was disappointed that the buyer I told about the “2,916 sq ft” Manhattan loft on the 2nd floor at 15 Mercer Street did not like the 2nd floor, because I love this loft. But not…
Tagged with: Arms Length, Castiron, Ceilings, Classic, Longandnarrow, Mercer, Price Drop, Relocation, Space, Volume
how did $25,000 price drop do the trick for loft at 263 Ninth Avenue?
my fickle mistressIf there is one thing that I hope that regular readers of Manhattan Loft Guy have gotten from their reading is that “The Market” captures macro trends while the market value of individual properties are determined by individual…
meticulous renovation of 233 West 26 Street loft means +31% over 2006, and a skirmish
adding bed + bath, meticulously, helpsOn my particularly cranky days I don’t react well to broker babble about a “meticulous” renovation, but on most days I see “meticulously” for what it is: a wonderful adverb that — when used in…
Tagged with: 2006, Bidding War, Broker Babble, Correction, Meticulous, Price Drop, Renovation, West 26
secretly very negotiable penthouse loft seller at 129 West 20 Street secretly negotiates a 28% discount
why not be public about it?What is the purpose of an asking price? Feel free to tell me what you think, as I am not shy about telling you what I think. A successful asking price does (should do) only…
Tagged with: Asking Price, Chelsea Quarter, Comps, Negotiability, Penthouse, Price Drop, Rational, Roof Deck, Terrace, West 20
least expensive Tribeca loft ($471/ft!!) is 5 flights up at 145 Chambers Street
is it the maintenance, Mars? [updated Oct 19 about the mortgage]There are a lot of factors contributing to the very low market value of the “1,700 sq ft” Manhattan loft on the 5th floor at 145 Chambers Street as reflected…
Tagged with: 400 Club, 500 Club, Chambers, Coop Conversion, Due Diligence, Maintenance, New Development, Price Drop
penthouse loft at 17 Greene Street sells at ridiculous (adjusted) value after chopping, chopping
maybe this will be penthouse weekEven without considering the size difference, can there be any pair of penthouse lofts in prime Manhattan loft neighborhoods more different [oops! omitted those two words in the original] than yesterday’s please-gut-me 14 Jay Street…
Tagged with: Ceiling, Columns, Days On Market, Deck, Greene, Jay, Maintenance, Penthouse, Price Drop, Renovation
129 Duane Street loft sells above $2mm after not selling at Peak at $2.35mm
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…
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
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