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

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

Tagged with: back on market, caledonia, closed, contract, failed contract, high line, real deal, stoler, west 17

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

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

Dec. 29, 2008

Categorized in: Market Trends

Tagged with: closed, contract, curbed, real deal, stoler, walk away

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

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

Dec. 27, 2008

Categorized in: Market Trends

Tagged with: closed, contract, curbed, east 26, madison square, real deal, stoler, walk away

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

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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

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

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