107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury : Manhattan Loft Guy

Manhattan Loft Guy

Jul. 15, 2009 - 107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury

new times, new values

The Manhattan loft #5B at 107 West 25 Street closed on June 25 (the deed was just filed last week), the first loft to sell in this small building since 2007. Please raise your hand if you are surprised that values have changed in the building since 2007....

adjectives + adverbs abound!

Sellers generated a contract within 9 weeks of coming to market in January by accepting 15% off their asking price of $1.15mm. That is a nice reaction to what The Market offered. The loft is said to be "1,200 sq ft" and in "triple mint" condition (indeed, the broker-babble hits a number of key key words: for a "discerning buyer with exquisite taste"; "luxury and design elements"; "perfect home"; "perfect space to entertain"; "lap of luxury"; "cook's kitchen" -- it is all exhausting).

The floor plan has some limits, however: only 1 bath; only 3 windows, all on one (narrow) side; so ... only 1 (real) bedroom. (At [only] "1,200 sq ft", this loft is too small to be a One Bed Wonder; see Feb 24, 2007 What Is A 1 Bed Wonder?.)

is that a quarter foot?

The last sale in the building was October 2007. #4C was said to be "1,300 sq ft" in "newly renovated" condition that sounds equivalent to the lap-of-luxury in the just-sold #5B, although the #4C floor plan is much more efficient, with 2 real bedrooms. If they are equivalent in finishes, that is a spread of $1,076/ft vs. $812/ft in 21 months -- looks like a 25% hit.

© Sandy Mattingly 2009

Comments (2) :: Post A Comment! :: Permanent Link
View more entries tagged with: West 25, Floor Plan, One Bed Wonder, 2007, Mint, 1000ft, 800ft

Nov. 11, 2009 - RE: 107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury

Posted by Ebru

<p>Good work, thanks! My sister received the <strong><a href="http://www.buddyugg.com/">cheap ugg boots</a></strong> I bought her for her birthday, she adores them. I was a little worried the calf would be tight around her legs but it hasn’t been a problem. I’ll be back before Christmas.<a href="http://www.buddyugg.com/"><strong>Ugg boots on sale</strong></a>!

Share more uggs boots on sale on http://www.buddyugg.com

Nov. 16, 2009 - RE: 107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury

Posted by mbt shoes

<a href="http://www.myshopbay.info/">mbt footwear</a>
<a href="http://www.myshopbay.info/">zapatos mbt</a>
<a href="http://www.myshopbay.info/">scarpe mbt</a>
<a href="http://www.myshopbay.info/">mbt sko</a>
<a href="http://www.myshopbay.info/">mbt reviews</a>
<a href="http://www.myshopbay.info/">shoes mbt</a>
<a href="http://www.myshopbay.info/">shoe mbt</a>
<a href="http://www.myshopbay.info/">mbt anti shoes</a>
<a href="http://www.myshopbay.info/">mbt anti shoe</a>
<a href="http://www.myshopbay.info/">the mbt shoe</a>
<a href="http://www.myshopbay.info/">mbt shoe store</a>
<a href="http://www.myshopbay.info/">mbt review</a>
<a href="http://www.myshopbay.info/">mbt shoe review</a>
<a href="http://www.myshopbay.info/">mbt shoes review</a>
<a href="http://www.myshopbay.info/">mbt shoe stores</a>
<a href="http://www.myshopbay.info/">mbt sale shoes</a>
<a href="http://www.myshopbay.info/">mbt shoes clearance</a>
<a href="http://www.myshopbay.info/">sale mbt shoes</a>
<a href="http://www.myshopbay.info/">sale on mbt</a>
<a href="http://www.myshopbay.info/">mbt clearance sale</a>
<a href="http://www.myshopbay.info/">mbt uk sale</a>

Write a Comment

Your Name:

RealTown Members: Click here to login

Your E-Mail:

Your Website:

Subject:

Your Comment:

Notifications:

Notify me by email when new comments have been posted to this entry.

Privacy:

Private Comment - Do not publish this comment to the public.

Verification:

To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.

on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

Recent Posts

• loft developer in default at 654 Broadway
• nice price at 40 West 24 Street? (consider the renovation)
• 8 years, still fresh
• do any of you people know how to pray?
• new loft price needs to be justified

Categories

apartment types
bubble talk
caution: no real estate content
change is a constant
economic "analysis"
general weird stuff
In the news (me)
loft features / amenities
loft features / kitchens
loft features / outdoor space
loft features / "space"
loft features / views
lofts in 'other' neighborhoods
Loft neighborhoods / Chelsea
Loft neighborhoods/ East Village
Loft neighborhoods / Flatiron
loft neighborhoods / NoHo
Loft neighborhoods / SoHo
Loft neighborhoods / Tribeca
loft neighborhoods / West 30s
lofts outside New York??
loft style
Manhattan real estate business
Market Data - aggregators
Market Data - reports
Market Trends
Marketing Manhattan apartments
New York, New York, New York
On The Market
open houses
pricing analysis
The Process - buying an apartment
Psychology of the market
public art in Manhattan
schools
truth IS stranger...
what makes a loft a "loft"
internet and blogosphere
renovation opportunities + rewards
One Bed Wonders
new this week

Favorite Links

Manhattan Users Guide (be sure to search the archives)
The Gotham Center for NYC History
Matrix the Real Estate Economy
Hopstop (door-to-door subway instructions)
MTA subway site, including maps + schedules
NYC Dept of Education site
NY State Assn of Independent Schools (find private schools)
cul-cha!
the local TriBeCa newspaper
"the weekly newspaper of lower Manhattan"
Brooklyn, but a great blog

Links

• Home
• View my profile
• Archives
• Email Me
• Blog Manager