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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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Recent Comments

RE: are they fooling only each other? / 3 neighbors push, 1 smiles
One of the mitigating factors may be how long each...
RE: are they fooling only each other? / 3 neighbors push, 1 smiles
Aye, the good ole days were so much more fun. Whi...
RE: drip, drip, drip in Tribeca / the sound of price dropping (bird NOT chirping?)
nope, Jess. This one is now asking 20% above a 34...
RE: drip, drip, drip in Tribeca / the sound of price dropping (bird NOT chirping?)
hi sandy - happy new year! if it's the one i'm th...
RE: pushing on in Flatiron, but not as hard
nice, sandy!  have a great holiday!...

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Manhattan Loft Guy

looking for walk-aways by testing the hypothesis that buyers can't close / the lab at The Caledonia, 450 West 17 Street

Dec. 31, 2008
Categorized in: Market Trends
I started with The Caledonia at 450 West 17 Street because I happened to note a recent Manhattan loft closing there and was curious about the building as a laboratory to check The Stoler Hypothesis about walk-away buyers. The Caledonia turns out to be a t

facts v. hype / testing the thesis of "little or no sales activity"

Dec. 29, 2008
Categorized in: Market Trends
So ... it is hype to say that sales are taking place because the truth is that there's been little or no sales activity. Let me offer some more hype, then. Looking only at sales of Manhattan lofts (as in transactions reported as Sold & Closed), on average

disconnect: dumbest article ever? (not saying market is not tough, but ...)

Dec. 27, 2008
Categorized in: Market Trends
I would love to hear real data about the number of people who can't drag enough cash to a closing to take title, but in the meantime I will just stumble along with my Manhattan loft anecdotal stuff (about developments such as 15 East 26 Street as an excep

why so hard to count Manhattan residential real estate sales?

Apr. 15, 2008
Categorized in: Market Data - reports
I got so caught up in micro-'analysis' yesterday that I did not get around to considering the factors that make it so hard to get accurate numbers about something as 'simple' as counting the number of coops and condos in Manhattan that closed between Jan

REBNY's paltry portal launches Friday (yawn)

Sep. 25, 2007
It will have taken nearly a year for the Real Estate Board of New York (REBNY) to bring out its public portal for searching exclusive Manhattan rental and sales listings by the time this thing is introduced on Friday. (THX to Curbed for the reference to The Real Deal’s article yesterday.)
 
I am not going to go through the entire sordid history here (as I did on May 18 portal potted / REBNY website to limp out in September). Suffice it to say that The Real Deal's report that Bellmarc is not participating seems a bit like beating a dead horse.

REBNY vs. REBNY vs. REBNY / portal potties still percolating

Dec. 21, 2006
REBNY portal wars get curiouser and curiouser (nastier and nastier?) The much-discussed announcement by the Real Estate Board of New York to create an open web portal for members of the public to... [Read More]
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