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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Sep. 3, 2009
When I first saw the listing description for a Manhattan loft brand new to market (chock full of mints, renovation news, adverbs and adjectives) I assumed that it is priced almost 20% above the 2006 clearing price because all of the broker bragging was ab
Aug. 7, 2009
Having visited both 2006 and Franklin Street in Tribeca on Wednesday (Aug 5, 155 Franklin Street crashes past 2006 to close up 28% (since 2000)), a Manhattan loft that sold more than 3 years ago around $850/ft caught my eye. It is in prime loft-ville, jus
Aug. 2, 2009
ice
The Manhattan loft #7A at 105 Fifth Avenue closed on July 22 at $1.125mm, only a 4% discount from the (last) asking price of $1.175mm, proving that if you drop the asking price enough you don't have to discount very much to make a deal. (File this un
Jul. 29, 2009
Categorized in: Market Trends
There's a pretty big Manhattan loft in a Chelsea corner that has been patient at an asking price around $1,100/ft for 3 months, which is just slightly less than the loft sold for in 2005. Ouch. It is a lovely loft, full of mints and proper proper names, w
Jul. 26, 2009
The Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq ft"). The listing description emphasizes volume over finishes, while noting "wonderful original detail
Jul. 15, 2009
The Manhattan loft #5B at 107 West 25 Street closed on June 25 (the deed was just filed last week), the first loft to sell in this small building since 2007. Please raise your hand if you are surprised that values have changed in the building since 2007..
Apr. 8, 2009
Categorized in: Market Trends
It was somewhat refreshing to come across a Manhattan loft recently new to market that is priced with The (new) Market in mind. The seller knows exactly what life near the top of The (old) Market was like, as s/he bought it two years ago. The seller is te
Dec. 14, 2008
Categorized in: Market Trends
In the active Manhattan loft market of late 2006 into 2007, the seller was confident enough about pricing not to drop the price in the five+ months before reaching a deal, and got nearly the asking price. (In oher words, they were right.) In the new marke
Dec. 9, 2008
Categorized in: Market Trends
If you had an East Village loft to sell (and if you really wanted to sell), and if a raving "triple mint!!!" Manhattan loft had sold in the building in the last few months at about $1,100/ft, would you price your loft above or below the triple-mint-with-e
May. 14, 2007
241 W 23 St #5B still for sale, but why? There are not many opportunities to get 2,000 sq ft of “the very definition of a ‘Classic Loft’” in Chelsea (on 23rd St, but still &... [Read More]
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