stepping in a down market, easier said than done, always painfulThere’s a new-ish listing in an architecturally significant Manhattan loft conversion from this century that hit numerous Manhattan Loft Guy buttons: it is (another) one of those eight million stories;…
Tag: Price Drop
diversion for a Saturday
comedy or tragedy? you decideMy eyes almost popped out when I saw an all-agent e-blast about a new price for a Manhattan loft that happened to get through my junk filter. (Note to self: fix filters.) Then I scratched…
how much pain at River Lofts? done deal (price to come) at 416 Washington Street
still can’t wait, but have to (sigh)The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about…
worse than bandages? painful for sellers to rip the calendar
2009 as the new 2005, without the optimismIt is very challenging for most sellers to understand just how much The Market has shifted. Most sellers will acknowledge that they won’t sell now near peak prices, but they are reluctant to…
drip, drip … this data point points down from 2007 (way down)
not too pushy (now) but not selling (yet)There’s a Manhattan loft that’s been on the market nearly a year, with a sobering price history. It started this go-round in the Spring around $1,000/ft and has had four drops since then,…
(kinda) quick trip to closing, but a long trip off ask at 147 Waverly Place
flipping can be stressful, no? (+ exciting) The story of the marketing and sale of Unit 1E at 147 Waverly Place (a ‘successful’ flip) is not a long story (except as I tell it), but it packs a punch. But first,…
Tagged with: 2006, Closed Sale, Flip, New Development, Price Drop, Real Deal, Sixth Avenue, Theater, Waverly
eating crow while getting reamed / Chelsea loft goes to 30% off
oh, to be a fly on the wallImagine, if you will, the following hypothetical dialogue: Owner: "I’d love to sell, what do you think we can get?"Agent: "If we start at $1,750/ft we should get a good deal"O: "Wow! That…
drip, drip, drip in Tribeca / the sound of price dropping (bird NOT chirping?)
was too pushy, for sure There was a time when some Manhattan lofts were sold as white boxes — minimal finishing to qualify for a Certificate of Occupancy, but no interior walls, probably only one bath, and (often) a…
the deed is done at 135 Watts, finally / following a falling market
little corner of Tribeca as microcosmI have found the single Manhattan loft that (so far) best illustrates the change in The Market over the last year — with a gloss of unique-lofts-are-hard-to-value. The cold perspective of time is quite the…
Tagged with: Capsouto Freres, Closed, Contract, Microcosm, Price Drop, Second Floor, Washington, Watts
too pushy in Chelsea / trying to keep secrets??
waiting for the ignorant buyer?This post started out being about the recent sale of a Chelsea loft, but it got more interesting (and April 9 complicated) because the same unit on a lower floor is also for sale. I can…
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