not bullish at allThe bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have…
Tag: Price Drop
day late and a dollar short (recidivist edition)
chasing The Market southThere’s a Manhattan loft in a prime loft-y neighborhood back on the market recently that could be a poster child for that oh-so-painful process known as Chasing The Market. Here’s the most interesting part of the history: May 2008 offered at $2.195mm July 2008 $1.999mm September…
bringing low balls and a hard nose / developer trying to close out at 415 Greenwich
take the money + run?The Tribeca Summit at 415 Greenwich Street is a candidate for poster boy for bi-polar psychosis (an armchair diagnosis). The Manhattan loft deluxe condo conversion of a warehouse has been marketing since Summer 2006, at a…
Tagged with: 2006, Amenities, Conversion, Discount, Greenwich, Loading Dock, Price Drop, Tribeca Summit, Warehouse
break away to win the neighborly competition / so many lofts, so many dollars … but no sales (yet)
but will ANY win? I have been having an off-line dialogue since March with Reader SW about a particular high-end Manhattan loft building with multiple units for sale, which prompts a(nother) rumination about neighborly competition. (I have linked to…
some sellers are adapting
2009 as 80% of 2007?It was somewhat refreshing to come across a Manhattan loft recently new to market that is priced with The (new) Market in mind. The seller knows exactly what life near the top of The (old) Market…
more angst at $1,000/ft / feels like 2005 in Tribeca as contract (finally) signed
plop plop, fizz fizzI am going to mention this Manhattan loft contract signing while my eyes are still bulging; I will update with a clearing price when (if??) it closes and the price is available. My eyes widened — but…
flipping on your head (ouch) in Chelsea / from 2002 to 2007, returning to 2009 … then 2006 or earlier??
off 10-15%, at leastIt feels as though it has been a while since I posted in the too pushy …? thread but here’s one that reminds me that the thread always had that "?" in it. There’s a Manhattan loft…
am I a coward? assessing + bearing risk in a risky world
a rumination (bear with me)I tell owners in this market that my job is to protect their equity and get them on their way (to whatever is next in their lives) with as much money in their pocket as possible.…
50 Walker Street closes well off August ask after being publicly negotiable + serving bourbon
not like yesterdayThe full history of the Manhattan loft #6A at 50 Walker Street will reveal just how different this marketing campaign was from the loft addressed yesterday (why be that negotiable in secret? 25 Ann Street closed nearly 25%…
why be that negotiable in secret? 25 Ann Street closed nearly 25% off ask
what if they had advertised a willingness to deal? There must have been some epiphany on the 4th floor of 25 Ann Street in August: the owner tried to sell this "2,300 sq ft" loft for $2.5mm starting in…
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