motivated sellers do Holiday open houses : Manhattan Loft Guy

Manhattan Loft Guy

Aug. 31, 2007 - motivated sellers do Holiday open houses

(remember to check the agent websites Sunday morning to see if open house is still on)

None of the Manhattan lofts reviewed for last weekend are having open houses this Sunday (not surprisingly) (Sunday Aug 26 open houses $1mm - $2mm and Sunday Aug 26 open houses over $3mm / whatever your taste), though I did skip the $2mm to $3mm part of the market last week.

My best estimate is that there are no more than a third the number of open houses this weekend as last weekend, which was a slow weekend to begin with. Most agents are away, most sellers understand that most buyers are away, many sellers don't want to be bothered by an open house in the middle of their holiday weekend. But if I were a motivated buyer, I might look at open houses this Sunday as hinting at motivated sellers.

If you've been following this feature, these open houses will be familiar to you:

233 E 17 St #4

$2.887mm and $2,843/mo (condo) for 2,273 sq ft of "one of a kind space" with 106 sq ft of outdoor space at Landmark 17 (a walk-up, but how far??)

On the market 11 weeks

Open House Sunday Sept 2 2 - 4

426 W 58 St #3B

$2.85mm and $4,127/mo (condo) for 2,732 sq ft in a new (2004) "loft" building (14 foot ceilings help)

On the market 11 weeks ($3.1mm)

Open House Sunday Sept 2 2 - 4

525 Broome St #3

$2.59mm and $1,651/mo (condo) for "2,100 sq ft" of "unlimited opportunity" (it is now a showroom gallery)

On the market 5 weeks

Open House Sunday Sept 2 12 - 2

I don't think I have reviewed these two loft listings, which are having open houses:

55 White St #4C

$2.395mm and $1,608/mo (condo) for "1,989 sq ft" with fireplace, Corinthian columns, 11 foot ceilings, chef's kitchen and a very good corner layout (note that the "five over-sized windows" in the listing are all in the living/dining area; the floor plan shows 8 windows overall); Christopher Gray in the NY Times Streetscapes column back in March ("White Street, a Glimpse of What SoHo Used To Be") described this building as "the most architecturally imposing work on the block"

on the market since March ($2.5mm)

Open House Sunday Sept 2 12 - 2

155 Perry St #4A

$2.1mm and $1,105/mo (condo) for "1,207 sq ft" "mint and beautifully designed corner loft"; ask about the one year assessment of $517/mo

On the market since May ($2.2mm)

Open House Sunday Sept 2 12 - 1:30

49 E 21 St #4A

$1.89mm and $1,709/mo (condo) for "1,375 sq ft" in the former UFT building, converted just a few years ago; this is one of the more cookie-cutter layouts in the building (but it has high ceilings and big windows)

New to market this week

Open House Sunday Sept 2 1 - 3

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Aug. 31, 2007 - motivated sellers do Holiday open houses

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