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Manhattan Loft Guy

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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Real Estate Fortune and FREEDOM
Having a job will make you a living. Real Estate i...
RE: Manhattan as 'different' (not unique) / counting geniuses + immigrants
hi   whats your thoughts about 25 murray st...
RE: coop boards behaving badly / can you imagine?
Written By:"victims of board abuse" On S...
RE: one sobering data point / 684 Broadway loft sells slowly, reluctantly
Since it needed renovation and was smaller - maybe...
RE: one data point leads to another / net loss on sale at Altair 18
Here are all sales in Altair 18 including the one...

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Manhattan Loft Guy

what springs eternal? hope, renovation, or ...hubris?

Oct. 10, 2008
Tagged with: flip, lehman, renovation
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

flipper flips 225 Fifth Avenue #5P quickly, poorly

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

one data point leads to another / net loss on sale at Altair 18

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.

Chelsea House flipper did not reach for stars, but got out via 6 week contract

Jul. 17, 2008
The sale of the Manhattan "loft" 130 West 19 Street Unit #6B that was reported this week in the inter-firm data base caught my eye as possibly the first flip at the Clarett Group's Chelsea House development.... Next, I noticed it was a pretty quick sale .

past the point of pain at 32 West 18 Street w new price drop

Apr. 7, 2008
Categorized in: pricing analysis
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns?... [Read More]

it can be flipping hard / back story on NY Post Just Sold at 260 Park Avenue South

Mar. 26, 2008
The odyssey of #7B at 260 Park Avenue South is given public notice of a successful conclusion in this weekend's Just Sold section of the NY Post's Real Estate Section. As noted, it took 374 days for this new Manhattan loft to close at $3.45mm off the (mos

first flip at Chelsea House, 130 West 19 Street?

Mar. 22, 2008
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns? fr... [Read More]

90 Franklin is new, mint, flipping

Feb. 15, 2008
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns? fr... [Read More]

wearing a $500k renovation on your sleeve / 158 W 23 is flipping

Nov. 13, 2007
The Manhattan loft at 158 West 23 Street has been renovated and is being offred for sale at $2.55mm. It is hard to see how they are making any money here.

new + flipping at 249 W 29 St

May. 10, 2007
Categorized in: new this week
Tagged with: 249 w 29 st, atco, flip, terrace, warburg
Eight million stories in the naked city, and sometimes people buy what they soon have to sell. Probably an interesting story there. #2E at 249 W 29 St is newly for sale with June Gottlieb at Wa... [Read More]