(bear with me, I’ll explain) Until recently, the last loft to sell in this small (6-unit) condo loft conversion in way east Tribeca was the “2,563 sq ft” second floor at 81 White Street, which closed for $3.29mm in April…
Tag: rational market
Tribeca penthouse loft sells at 81 White Street with 3 free terraces
Tagged with: 2015, Comps, Comps Neighbor, High Ceilings, Jonathan Miller, Light, Outdoor Space, rational market, Streeteasy, Terrace, White Street
seller of Flatiron loft believes Manhattan loft market is not rational
I have to agree, and sympathize When the owner of the “2,352 sq ft” second floor loft at 26 West 20 Street brought his “estate condition”, “[b]ring your architect and contractor” property to market in February 2017, he had a…
Tagged with: Ceilings, Efficient Market, Gut, Long And Narrow, Neighbor Comps, rational market, Renovation, Small Building Risk, Thin Market, West 20, Windows
Taylor Swift doesn’t care about your “Market Rules”
Citizen-journalism gets to the bottom of a Tribeca loft mystery I had a fun weekend diversion, prompted by a question from Tribeca Citizen (the essential Tribeca blog) about someone who seems to have significantly overpaid for a loft at 155…
Tagged with: Celebrities, Condo Board, Franklin, Greene, Ny Post, rational market, Taylor Swift, Tribeca Citizen
funny math as first Sterling Mason loft resells: when is a $200k gain not a gain?
(you know this) when your transaction costs far exceed the ‘gain’ The suburbanites who just sold the first loft to resell at the uber-loft conversion slash new construction Sterling Mason, the “2,042 sq ft” Manhattan loft #4A at 71 Laight…
awkward kitchen fails to stop sale of MacIntyre loft at 874 Broadway in Flatiron
still, $1.875mm There are limits to what even the best architects can do. Assuming the decision about where to place (or, where to keep) the kitchen was made by the clients, you can appreciate that even an “[a]rchitect-designed loft” can…
hyper-local loft market in northeast East Village is flat since March 2014
adventures in anomalous Manhattan loft sales, cont’d There’s ‘the forest’ of Manhattan residential real estate, in which median sales prices and average days on market are best viewed; then there are ‘the trees’ of Manhattan residential real estate, in which individual…
Tagged with: 2011, 2014, Combination, Flip, Layout, Mezzanine, Profit, rational market, streeteasy condo index
lots of reasons loft at 710 Broadway sold 30% over ask
provocative price does its job: generates a feeding frenzy Let’s start (uncharacteristically) with the main point: it’s not that the “2,500 sq ft” Manhattan loft on the 7th floor at 710 Broadway sold quickly for a lot of money, it’s…
Tagged with: Aphorism, Bidding War, broadway, Long And Narrow, Noho, Nyu, rational market, Vaulted Ceilings, Volume
The Market has its way with “above ask” Tribeca Space loft sale, as is its wont
who was responsible for pricing strategy of loft at 25 Murray Street? Uncharacteristically, let me cut to the chase: yes, the “1,395 sq ft” Manhattan loft #4K at 25 Murray Street (Tribeca Space) earned the coveted green cell background on…
Tagged with: Bidding War, Building Record, Comps, Floor Plan, Footprint, Layout, Listing Photos, Lobby, Neighbor, rational market, Volume, Windows
motivated Chelsea House seller holds firm after 10 prices in 4 months
every Manhattan loft seller has a limit One way to determine if an-owner-with-a-listing really really really wants to be a “seller” is the degree to which the seller owner is willing to drop the asking price in response to market…
Tagged with: Aphorism, Broker Babble, Competition, Comps, Efficient Market, Floor Plan, Layout, Motivated Seller, Neighbor, rational market
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