Tag: Tenant

Tribeca loft sale at $432/ft shows 7-figure discount for rent stabilized tenant

investing in occupied Manhattan lofts is not for the faint of heart The recent sale of the  “1,875 sq ft” Manhattan loft on the 4th floor at 158 Franklin Street was arm’s length, after being publicly marketed. (It came out

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

why not? Chelsea Mercantile loft with forever views sells for $2,336/ft

quality sells, Chelsea brand name loft conversion, too; and views! Don’t take my word for it (I will prove it down below), but there are not many Manhattan lofts that re-sell at or above $2,000/ft, even before adjusting for outdoor

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

“efficient market” loses out to actual seller and actual buyer of 76 Madison Avenue loft

market extrapolation can be hard, but this loft sale comp is a non-sale of same loft Stop me if you’ve heard this before: an “index” is a proxy for The Market, just as a market report is a summary of

Posted in loft neighborhoods nomad, pricing analysis, psychology of the market Tagged with: , , , , , , , ,

funny prices of 101 Warren Street resale are not so ha-ha

The Market will correct a too high priceAfter yesterday’s post about a too deep price discount being corrected by The Market, bless her heart (January 28, if robust, The Market will fix a too-low price (at least, it did, at

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

real estate sales made easy: 88 Prince Street loft sells because (some say) it is correctly located

stay classy, guyThe February 16 sale of the “3,000 sq ft” loft #7C at 88 Prince Street (the oh-so-handsome the Little Singer Building) made the news yesterday because it had once been rented for 8 months a few years ago

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

131 Watts Street penthouse loft asks: if you can’t sell in 2006, 2007, 2008, or 2009 …

… can you sell in 2010?If a Manhattan loft owner tried to sell in each year since 2006 without success until two weeks ago, he deserves ample credit for Trying. But does that credit outweigh the Demerits he earned by

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