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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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Manhattan Loft Guy

developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street

Jun. 20, 2009
Categorized in: Market Trends
In looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In one case*, it is the first closing in the building; in the o

Oculus squints just a bit to get it at 50 West 15 Street

Jan. 15, 2009
A 5% discount from list price suggests the developer made other concessions, and that this #2D buyer and the buyer for #4D signed contract under different market conditions than the buyers of #3D, #6D and #7D