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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Jul. 10, 2009
The three major firm market reports for the Second Quarter 2009 came out last week, essentially at the start of the holiday weekend. You've probably seen enough of the general media commentary about The Cliff The Manhattan Real Estate Market Just Fell Off
Apr. 4, 2009
Using the Miller Samuel more rich data set, the Manhattan loft niche over-performed on median sales price (the overall Manhattan market was up 3.1% YoY), on average price per foot (the overall market was down 2.3% YoY), on days on market (the overall mark
Apr. 2, 2009
The headline of the Josh Barbanel piece in this morning's New York Times pretty much says it all about the major firms' First Quarter Manhattan residential real estate market reports: Apartments Sell for Less if They Are Sold at All. There will be much t
Jan. 23, 2009
The loft niche is under-reported in two of three Manhattan quarterly market reports, so comparisons among the firms is difficult (The Miller wins, by default, essentially). The Miller Samuel 156 loft sales must have a very different mix from the unknown n
Jan. 10, 2009
Corcoran's loft-specific information is limited to average and median sales prices and average price per foot for 4 sizes of lofts, on only a year-over-year comparison. The data for the loft segment (on p5 of 13) and the overall Manhattan market (on p4 of
Jan. 8, 2009
Key numbers for me are Manhattan loft transaction volume (yes, there is a market, still) and days on market (but The Market is much slower). Consistent with the Manhattan coop and condo market as a whole, loft closings were at an increasing discount from
Jan. 7, 2009
So what does it mean? I infer that the strong data (overall Manhattan loft average price per foot; median sales prices in nabes other than Greenwich/East/West Village) is driven by new development sales, which -- of course -- were 'set' by contracts signe
Aug. 13, 2008
It is (more than?) about time that I commented on the Q2 Manhattan real estate reports, as I have been chewing on them for quite a while (and we are halfway through Q3). The most interesting take-away for me is how well 2008 is doing (so far) compared to
Aug. 21, 2007
I have long felt that the Manhattan loft market around 7th Avenue above 23rd Street took off because the Chelsea Mercantile was such a success and such a break-through. The Merc put this area on the mental map for loft buyers, many of whom came from uptown and would not have gone all the way downtown to SoHo or Tribeca when the Merc was being sold in 2000.
Which is along way to introduce Unit 803 at 150 West 26 Street, new to the market this weekend through Halstead’s Jon Phillips and Ginny Gardiner.
Aug. 6, 2007
When I reviewed #4E at 137 Duane Street in a June 28 open house review (bring architect +/or vision to open houses Sunday July 1) I wondered whether the sponsor was (a) stubborn or (b) negotiable.... [Read More]
May. 29, 2007
8 months later, #4B is in contract without a price change
#4B at 429 Greenwich St was the apple of its owner’s eye when it was first offered for sale in September at $3.1mm ($2,780/mo) and n... [Read More]
May. 9, 2007
Categorized in: On The Market
Unit 3D at 7 Hubert Street has been on the market since last July (now at $2.5mm, started at $2.65mm; abated monthlies of $1,385) through Core Group and Unit 5D has been on only since October (now... [Read More]
Oct. 16, 2006
fuzzy math makes things less clear
It seems as though there should be a simple answer to the question “how long has this loft been on the market?” But not in this town.
Rumor has i... [Read More]
Oct. 6, 2006
“inventory” still mis-defined
I will pick on Halstead (whose latest quarterly market report from Halstead is out this week) a bit because (a) they are first, (b) they left some easy ta... [Read More]
Oct. 5, 2006
some loft areas up year-over-year, some down, all slightly
The latest quarterly market report from Halstead is out this week and I will try to deal with the various market reports in more bite-siz... [Read More]
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