nuclear winter poster childI don’t know if there is a better example of the change in The Market that occurred after Lehman filed for bankruptcy protection in September 2008 and the Fall 2009 thaw in The Market than the Manhattan…
Tag: Price Drop
808 Broadway seller bites painful bullet, closes off 15% since 2006
Tagged with: broadway, Comps, Contract, Lehman, Mezzanine, Neighbor, Nuclear Winter, Price Drop, Renwick
with 95 Greene Street contract, reality vs. NY Post / who wins?
probably not Murdoch’s faultI have my doubts about Exhibit A in support of a NY Post article today with a provocative headline, lede and story. the article is A bidders market / Upscale homes rebounding in NYC the lede is…
loving a loft not wisely but too well / 144 West 27 St closes at 51% of first ask
overwrought? just watch me!When Othello spoke of himself as one who loved "not wisely but too well", he was about to kill himself and bring that great tragedy to a conclusion. The owners of the Manhattan loft #5R at…
Tagged with: 1980s, 400ft, Combination, Neighbor, Othello, Price Drop, Renovation, Shakespeare, West 27
courage punished, not rewarded, as 22 West 26 Street closes off 36% from first ask
4 price drops, 49 weeks, blood on the tracksThe Manhattan loft #7H at 22 West 26 Street closed on February 2 at $1.215mm after a rather long slog and a pointed slap from The Market: it was first offered…
revisiting those embarrassing agents and their hot deal
it did sell, off another 20%About a year ago I hit (in this case, really hit) agents who puffed, prognosticated, provoked and perplexed me and buyer clients of mine who had the misfortune of visiting these folks at an…
NY Times “recent” residential sales? not so much (at 252 Seventh Avenue)
standards at Old Grey Lady go all to hellYou’d think that the regular Sunday real estate feature in the New York Times, Residential Sales Around the Region, would be … you know … "recent", as the sub-head always is: "a…
Tagged with: 2005, 2006, Chelsea Mercantile, Closed, Contract, Ny Times, Price Drop, Price Increase, Seventh Avenue
quote for the day / NYT The Hunt
who is out of touch now?The Sunday Real Estate section of the New York Times regular feature by Joyce Cohen, The Hunt, today profiles a woman who seems to have spent much of the last 18 months looking for…
modesty rewarded, but 'how well?' remains the question
sometimes Manhattan Loft Guy gets it rightI posed a question on July 8 that was answered very quickly: will pricing 25% below 2007 hit The Market in a sweet spot? The answer came in an update on StreetEasy the very…
one less funny person at The Porter House
… unless the buyer is a clown?I checked in at 66 Ninth Avenue (The Porter House) on August 16 (Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%) to tell a…
did 525 Broome Street get value for the 2008 renovation?
paired sale shows apparent gain over 2008The major improvement to the Manhattan loft sales data I aggregated into a Google Docs spreadsheet and posted (as MLG #1,000 on August 23) (click here to access it in the cloud) is that…
Tagged with: Broome, Canvass, Columns, Contract, Fireplace, Flip, Potential, Price Drop, Renovation, Resale
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