New York, New York
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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Aug. 25, 2009
Of course The Market does not care what a seller has to pay, or has paid; The Market only cares about what the seller and buyer can agree upon. In this case, the July 31, 2009 buyer of a renovated loft and the June 19, 2008 buyer of a blank canvas agreed
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. 8, 2009
Categorized in: Market Trends
There's a lovely Manhattan loft newly offered for sale at about 15% above where it was bought brand new 4+ years ago. Why do I think this is a modest asking price? Neighbors downstairs sold their (identical) loft in 2007 about 25% above the new asking pri
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. 30, 2009
Categorized in: Market Trends
I blogged about a Manhattan penthouse loft way back when (when I was posting about current listings) that ended up selling last year pretty close to the ask, which surprised me a bit. (I restored the post after the thing closed and it was no longer an "ac
Jun. 25, 2009
Categorized in: Market Trends
There's a Manhattan loft new to market in a building that has had a fair amount of activity in the past couple of years. One bit of that activity was this very same loft, selling in February for $1.73mm. When that happened, the loft was a poster child for
Jun. 10, 2009
The Manhattan "loft" #3A in the new building dubbed Zinc, 475 Greenwich Street (love the Tribeca pix and Talking Heads on the building's website), sold in the first offering for $2.45mm and was immediately (10 days; they had to do some paperwork) put back
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.
Apr. 23, 2009
Categorized in: Market Trends
Can we agree that the peak of The Market was 1Q08? (Maybe not for very single property, I know, but let's speak generally about that.) Then how to explain this Manhattan loft, newly back to market? It sold in that peak quarter around $1mm and is now back
Mar. 26, 2009
Categorized in: Market Trends
As I said (in all those words above), this is quite an interesting timeline, encompassing Mahanttan loft markets that showed gain to froth to pain: (1) an up market (developer searching for right price in 2002-03), (2) a frothy market (quick sale in 2007
Mar. 15, 2009
Categorized in: Market Trends
There's a new-ish listing in an architecturally significant Manhattan loft conversion from this century that hit numerous Manhattan Loft Guy buttons: it is (another) one of those eight million stories; it was definitely too pushy; it is now priced signifi
Mar. 11, 2009
Categorized in: Market Trends
Soho doesn't much more prime than the location of this new-to-market Manhattan loft that has caught my eye. Nor does a listing description get much more enthusiastic than this one, the relative brevity notwithstanding. The loft is very large, very well ap
Feb. 11, 2009
Categorized in: pricing analysis
velocity x magnitude = whiplash
The speed at which the Wanna-Be-Seller adjusted the asking price for this Manhattan loft is remarkable, as is the magnitude: the $796,000 price reduction was a 40% "discount" off the asking price. Yowza. (How's that for p
Jan. 29, 2009
Categorized in: Market Trends
There's a pretty new listing in one of those veddy veddy architecturally significant new Manhattan loft developments that has me scratching my head. Then another one popped up in a less significant but still pretty new new development. Then yet another fl
Jan. 9, 2009
Categorized in: Market Trends
There's a resale that caught my eye, a new construction Manhattan loft that was marketed in 2006 and closed in 2007. This Tribeca unit closed in the first offering at $1,100/ft after the developer dropped the price twice and then accepted an offer for ano
Dec. 19, 2008
Categorized in: Market Trends
There's a small Manhattan loft condo conversion from last year in which the large full-floor lofts went for about $750/ft (it is not in a traditional loft [fashionable] neighborhood). They had classic loft features and finishes that were more high-end tha
Dec. 15, 2008
One more question along these lines that is painfully relevant to the sale of Manhattan lofts and other apartments: If a seller really really really wants a price that is impossible to get in The Market, does that seller think the agent's job is to tell t
Oct. 10, 2008
I came across a new Manhattan loft listing recently that looked kind of familiar. Our ever-so-irritating inter-firm data base shows that this condo loft had been on the market in 2007 at around $1,200/ft but was "permanently off the market" in the Summer
Sep. 27, 2008
The Manhattan loft #5P at 225 Fifth Avenue sold for $965k in the first offering ... February 14, 2007. That original buyer did not wait too long to flip, selling (profitably, clearly) for $1.245mm with a deed filed May 1, 2008. That buyer immediately put
Sep. 26, 2008
Follow up to an earlier Manhattan Loft Guy post about 32 West 18 Street: I don't know if the sad history of #2B is because it is a second floor unit or if The Problem is more general for the Altair 18, which The Market loved enough to sell out last year.
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