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

risk, revisited / I am still a coward, but the 'brave' did not sell (yet)

Aug. 21, 2009

Categorized in: Psychology of the market

Tagged with: demand, inventory, negotiation, plus factor, price, price drop, risk, supply

I recently had a conversation with a former shareholder in one of the Manhattan loft buildings that I visited in my March 25 lengthy rumination, am I a coward? assessing + bearing risk in a risky world, as she was curious about how her former neighbor's l

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Then vs. Now / Then wins, I think, even if this one is better

Apr. 21, 2009

Categorized in: Market Trends

Tagged with: comps, neighbor, renovation, risk, walkup

The eight months it took to sell that Manhattan loft straddled the Lehman + AIG + miscellaneous crap = chaos turn of The Market, but it did sell -- around 67% of the original asking price. Now an upstairs neighbor is pushing the envelope a bit, in newly o

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can an address provide enough oomph?

Apr. 2, 2009

Categorized in: pricing analysis

Tagged with: 1000ft, 1100ft, 2008, lehman, plus factor, price, risk, village

One of the risks of pricing a Manhattan loft above The Market, of course, is that no one will visit, let alone bid, because there are alternatives that start at lower-prices. But what if the building has a strong history? Can a building be enough of a dra

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am I a coward? assessing + bearing risk in a risky world

Mar. 25, 2009

Categorized in: Psychology of the market

Tagged with: demand, inventory, negotiation, plus factor, price, price drop, risk, supply

I noticed a Manhattan loft recently to market that (a) is a pretty spectacular loft, (b) in a building I am pretty familiar with, (c) in which there is a fairly timely and extensive set of market inputs (i.e., closed sales), (d) that is offered through a

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