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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate
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Sep. 3, 2009
When I first saw the listing description for a Manhattan loft brand new to market (chock full of mints, renovation news, adverbs and adjectives) I assumed that it is priced almost 20% above the 2006 clearing price because all of the broker bragging was ab
Sep. 2, 2009
This "2,500 sq ft" loft on Broadway between 18th and 19th Streets has serious old-school Manhattan loft charm: pine columns, 14 ft ceilings, wainscoting (check the pix for the size of the windows!). These sellers include an architect and they have owned
Aug. 16, 2009
The Manhattan loft #3W at 66 Ninth Avenue (The Porter House) was marketed very enthusiastically at prices The Market was not ready for. It cleared on June 23 at $2.15mm, which is a difficult number to put in context. In the context of neighborly competiti
Aug. 15, 2009
The Manhattan loft #2 at 114 Spring Street has (and has had) a lot to recommend it: prime Soho location, "1,900 sq ft", 12 foot barrel-vaulted ceilings, bright lights and cast-iron views, and a renovation described as "magnificent" (Venetian plastered wal
Aug. 7, 2009
Having visited both 2006 and Franklin Street in Tribeca on Wednesday (Aug 5, 155 Franklin Street crashes past 2006 to close up 28% (since 2000)), a Manhattan loft that sold more than 3 years ago around $850/ft caught my eye. It is in prime loft-ville, jus
Aug. 5, 2009
The Manhattan loft #3S at 155 Franklin Street (the Sugar Loaf) was one of only five lofts in Tribeca that closed in June, per recent articles in The Real Deal Trouble in Tribeca. For a seller who started so far from The Market in October, these folks caug
Jul. 13, 2009
Categorized in: Market Trends
A not-quite-recent new listing of a Manhattan loft caught my eye because it is in a building in which i have recently looked at a recent sale compared to past sales, and found a 2009 clearing price that approximated an old clearing price. Based on the ope
Jul. 7, 2009
Categorized in: Market Trends
The Manhattan loft #2B at 109 Greene Street has sold three times since it was brand spanking new in 2005. This is going to get bumpy, but let's get out some facts (closing dates and clearing prices), then chew
Jun. 16, 2009
The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other 'fundamental' stuff), but also "before" it got dressed up fr
Jun. 3, 2009
Categorized in: Market Trends
If you drew a line between the fair market value of the Manhattan loft #8D at 65 West 13 Street (The Greenwich Condominium) from the sale in May 2006 at $2.22mm and the sale in April 2009 at $2.2mm, the line would be essentially straight. But that straigh
May. 27, 2009
The Manhattan loft #33 at 477 Broome Street recently delivered a new data point, with history:
April 12, 2005 = $950k
April 29, 2009 = $965k
This history nearly precisely parallels the 2006-2009 history of a loft profiled a few weeks ago (May 8, at 2
May. 15, 2009
The bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have fallen.... Two recent sales suggest values he
May. 8, 2009
The Manhattan loft #4-I at 260 Park Avenue South sold in March $2,000 lower than these sellers paid in July 2006.
May. 6, 2009
Categorized in: Market Trends
Here's another take on the theme of my neighborly competition thread: two all-but-identical Manhattan lofts at 505 Greenwich Street had overlapping marketing histories, prices and success, suggesting that even in this thin market The Market can be relativ
May. 3, 2009
Categorized in: Market Trends
There's a Manhattan loft in a prime loft-y neighborhood back on the market recently that could be a poster child for that oh-so-painful process known as Chasing The Market.
May. 1, 2009
The Tribeca Summit at 415 Greenwich Street is a candidate for poster boy for bi-polar psychosis (an armchair diagnosis). The Manhattan loft deluxe condo conversion of a warehouse has been marketing since Summer 2006, at a time when the arms race among hi
Mar. 27, 2009
I just updated my ever-so-popular February 23 post, What's Wrong With These People? agents who speak out of their ... to reflect that the Manhattan loft in question has not sold (or entered into contract), but that the price has been cut 8%. It still has
Mar. 12, 2009
This loft was described much more enthusiastically (with more details) than the 6th floor, plus it has many, many more windows (4 exposures) with Empire State and Met Life views -- usually premium items for a Manhattan loft. (StreetEasy has part of the li
Mar. 8, 2009
Categorized in: Market Trends
The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about this loft in Tribeca's great northwest.
Feb. 27, 2009
What if you bought a Manhattan loft with not much light and low ceilings, and put a ton of money into it -- really jazzing it up in decidedly not neutral tones -- then decided to sell within 3 years of purchase? How confident would you be of recovering yo
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