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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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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
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
Mar. 8, 2009
Categorized in: Market Trends
The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about this loft in Tribeca's great northwest.
Feb. 18, 2009
Categorized in: Market Trends
The loft is on a funky block (actually, a Manhattan Loft Guy fave), in a no-frills mature coop in which a "renovated and restored" unit sold at $1,000/ft in late 2007. But the current difficulty is not the funk, the frills or (likely) the finishes. Yes, V
Feb. 14, 2009
Categorized in: Market Trends
Ofttimes the Manhattan loft buyer looking for 'value' must go far afield, away from the loft havens (Tribeca, Soho), to make 'a deal'. One such possible opportunity is today's candidate for the too pushy ... or not pushy enough? thread. Because it is in t
Jan. 30, 2009
Categorized in: Market Trends
While I have seen price drops of this magnitude in this market, I don't recall any with quite the trajectory of this one. This loft essentially self-nominates (and wins!) the Manhattan Loft Guy too pushy ...? thread. (In case you are wondering, the Owner
Jan. 29, 2009
Categorized in: Market Trends
There's a pretty new listing in one of those veddy veddy architecturally significant new Manhattan loft developments that has me scratching my head. Then another one popped up in a less significant but still pretty new new development. Then yet another fl
Jan. 9, 2009
Categorized in: Market Trends
There's a resale that caught my eye, a new construction Manhattan loft that was marketed in 2006 and closed in 2007. This Tribeca unit closed in the first offering at $1,100/ft after the developer dropped the price twice and then accepted an offer for ano
Jan. 6, 2009
Categorized in: Market Trends
Granted, the seller was wrong about The Manhattan Loft Market when the listing was new -- by at least $200/ft, nearly 20%. But if this relatively fresh condo loft (with a lovely description and decent address) continues to sit, the seller's patience will
Dec. 19, 2008
In this continuing series asking the (musical?) question is that Manhattan loft too pushy on price, or not pushy enough?, I hit a candidate a while back that one MLG reader identified easily (my efforts to assure listing anonymity notwithstanding). That p
Dec. 12, 2008
Categorized in: Market Trends
There's a beautiful classic old Manhattan loft that was definitely pushing it when it came to market in the summer at around $1,250/ft. I confidently say definitely because it has not sold yet, despite dropping around $300/ft off the price. So this morphs
Dec. 11, 2008
The smaller Manhattan loft is priced 7% above its 2005 clearing price; the larger unit 14% above its 2006 trading level. I'd say one is closer to The Market than the other, but what will Goldilocks say?
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
Dec. 7, 2008
Categorized in: Market Trends
There's a new Manhattan loft listing in a Chelsea new development that closed within the last two years. This one closed at about $1,100/ft when brand spanking new. They think The Market loves this building, as this one is offered for re-sale at nearly $1
Dec. 6, 2008
Categorized in: Market Trends
This post started out being about the recent sale of a Chelsea loft, but it got more interesting (and April 9 complicated) because the same unit on a lower floor is also for sale. I can appreciate that sellers don't want to lower prices more than they hav
Dec. 4, 2008
Categorized in: Market Trends
There's a corridor in the Greater Midtown area with a lot of new Manhattan condo developments, some lofts, some not. One 2007 loft conversion has a new listing this week priced about $150/ft less than the original purchase price. The original sale prices
Dec. 1, 2008
Categorized in: pricing analysis
This week's Chelsea candidate for the Manhattan loft Goldilocks question (we started this thread on November 14 with two in 2 new Tribeca lofts too pushy or just pushy enough?? and have been reheating it like last week's stuffing ever since) was fully re
Nov. 21, 2008
Categorized in: Market Trends
These Manhattan loft candidates for the Goldilocks question are Soho neighbors in buildings that could hardly be more different. One is a brand spanking new uber-loft; the other is a classic loft. Let's play too pushy or just pushy enough??....
Nov. 19, 2008
Categorized in: Market Trends
Today's contestant is essentially a gut renovation opportunity for a large Manhattan loft that changed hands only this past Summer at about $900/ft. Something happened to make those Summer buyers November sellers (stock portfolio imploded, perhaps?), as t
Nov. 15, 2008
Categorized in: Market Trends
Here is another new Manhattan loft listing that I will try to follow (like the two in 2 new Tribeca lofts too pushy or just pushy enough?? from yesterday) because it may be pushing prices further than The Market will bear (note the subtle Goldilocks refer
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