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Manhattan Loft Guy

Tagged "Buyer Psychology"

Manhattan Loft Guy

Blog by Sandy Mattingly

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Manhattan Loft Guy

perils of over-pricing / 36 White comes down again

Sep. 30, 2007

Categorized in: Loft neighborhoods / Tribeca

Tagged with: buyer psychology, price drop, west 16, white

Chances are that people interested in this micro nabe (east of Church is a very different area than prime Tribeca) have seen this listing (live or on the web) when it was priced at nearly $2mm. Chances are, they rejected it as 'not worth it'. Having done that, it is hard for many buyers to take a fresh look when the price comes down, particularly when the price comes down in dribs and drabs.

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