Tag: rational market

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

Posted in loft neighborhoods tribeca Tagged with: , , , , ,

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

Posted in loft neighborhoods flatiron Tagged with: , , , , , , , , , , , ,

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

Posted in loft neighborhoods east villag Tagged with: , , , , , , , ,

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

Posted in loft neighborhoods noho Tagged with: , , , , , , , ,

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

Posted in loft neighborhoods tribeca Tagged with: , , , , , , , , , , ,

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

Posted in loft neighborhoods chelsea Tagged with: , , , , , , , , ,