Dec. 19, 2008 - pushing on in Flatiron, but not as hard

a reader writes
In this continuing series asking the (musical?) question is that Manhattan loft too pushy on price, or not pushy enough?, I hit a candidate a while back that one MLG reader identified easily (my efforts to assure listing anonymity notwithstanding). That perceptive reader suggested keeping an eye on a neighboring (anonymous) loft, which I believe I have identified. Indeed, I believe that that Flatiron loft is a candidate on the too pushy ... side of the contest.

This reader-generated candidate came to market within a couple of weeks of its MLG partner at a bit less. While that reader suggested only that I keep an eye on it, the seller has already identified it as too pushy, by dropping the price $100k.

how much for the renovation?
This loft sold 2 years ago for $860/ft, bragging then only about a new kitchen. The new listing is all about being newly renovated. I suspect that they did not spend $300/ft on a renovation, but never mind ... it has not sold yet as the sum of (1) the 2006 purchase price and (2) $270/ft for renovation. It will be interesting -- in a vulture kind of way -- to see where this one ends up. As that reader suggests, I will keep an eye on it.

 

© Sandy Mattingly 2008  

Dec. 24, 2008 - RE: pushing on in Flatiron, but not as hard

nice, sandy!  have a great holiday!

Jan. 9, 2009 - RE: pushing on in Flatiron, but not as hard

looks like the 100k worked... it's marked in contract...

Jan. 10, 2009 - RE: pushing on in Flatiron, but not as hard

yes, Perceptive Reader, it is In Contract. Pretty good work for seven weeks (including 3 major holidays). We'll see how big a discount by early Spring (assuming the deal holds). Pretty good work, indeed.

Sandy

Nov. 11, 2009 - RE: pushing on in Flatiron, but not as hard