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Manhattan Loft Guy

Tagged "Low Ball"

Manhattan Loft Guy

Blog by Sandy Mattingly

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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Manhattan Loft Guy

why be that negotiable in secret? 25 Ann Street closed nearly 25% off ask

Mar. 18, 2009

Categorized in: Psychology of the market

Tagged with: ann, discount, low ball, negotiation, price drop

Using this painful Manhattan loft story as a jumping off point, this scenario shows the danger of coming to market at a price far removed from where buyers are: you don't get any offers and you probably get little or no open house traffic or phone call in

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2 tiny drops / 354 Broome Street #5G closes down 12%

Nov. 12, 2008

Categorized in: Loft neighborhoods / SoHo

Tagged with: broome, closed, hard ball, low ball, mezzanine, negotiation, price drop, renovation

This one is interesting from a negotiating perspective. The Manhattan loft at 354 Broome Street #5G closed (deed filed September 24, but the clearing price was unknown for a while; it was $1.85mm) after having been on the market since January. They starte

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