what a motivated seller looks likeAfter three days in a row of Manhattan Loft Guy posts about loft resales at curiously strong prices, consideration of the March 16 closing of the Manhattan loft #7A at 244 West 23 Street at…
Tag: West 23
loft at 244 West 23 Street closes off 28% since 2007 with big roof deck
Tagged with: 2007, Comps, Miller, Motivated, Neighbor, Poster Child, Price Drops, Roof Deck, Unfair, West 23
slow and steady loft at 148 West 23 Street wins race, eventually
not ‘forever’, but there was a birthdayAlthough the Manhattan loft #11BC at 148 West 23 Street (Chelsea Mews) ‘celebrated’ a birthday before closing on March 9 at $1.05mm, that birthday was a happier occasion than for some loft listings that…
Tagged with: Anniversary, Architect, Combination, Comps, Downsizing, Price Drop, Terrace, West 13, West 23, Windows
213 West 23 Street loft takes what the market gives (28% off original ask)
when is a quick sale not a quick sale?To look at the recent marketing history, the Manhattan loft #5N at 213 West 23 Street was a pretty quick sale: to market September 8 at $3.695mm, contract by November 2, sold…
Tagged with: 2005, 2008, Disappointed Seller, Discount, Hiatus, Mcburney, Off The Market, Poster Child, West 23
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
asking $1.495mm did not work for 148 West 23 Street loft, but asking $1.575mm did
can’t (really) blame the calendarI’ve talked before about lofts that did not sell during the nuclear winter of Manhattan real estate that followed the Lehman bankruptcy (two years ago next week!), but the recent sale of the combined Manhattan loft…
Tagged with: 2008, 2009, Asking Price, Duplex, Efficient Market, Garden, Lehman, Nuclear Winter, Renovation, West 23
148 West 23 Street sale treads long water (swallows some)
from 2004 to 2007 to 2010 without getting anywhereThis history is remarkable, perhaps mostly because there are three data points, but also because the three data points overlap so much. The diminutive Manhattan loft #7E at 148 West 23…
they gave the roof away to close the 158 West 23 Street penthouse
very, very, very weakThe Manhattan loft conversion at 158 West 23 Street started marketing in mid-2007, offering floor-through lofts of "1,865 sq ft" that were offered as open spaces with full kitchens and (usually) (only) 1.5 baths. I.e., not exactly…
is Chelsea Mercantile off 25% since 2007?
one data point says ‘yes’I have long believed that the Chelsea Mercantile conversion of the old Veteran’s Administration building into residential lofts on Seventh Avenue at 24th and 25th Streets ‘created’ a new market for (lower) ‘north Chelsea’. (From back…
… 5 golden rings … 4 price drops …
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns? from April…
3 firms, 7 prices, 3+ years / patience paying off at 521 W 23
love to hear this story….Unit 7F at 521 West 23 Street came to the market with PruDE in June 2004 for $1.775mm. Since then, it has been off the market in March and April of 2006 and August in 2007.…
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