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

dropping $2mm to make an un-lofty sale at 175 Sullivan Street

Jul. 16, 2009

Categorized in: lofts in 'other' neighborhoods

Tagged with: 2007, ceilings, contract, lehman, negotiation, neighbor, neighbors, price drop, sullivan, village

Officially, the Manhattan "loft" #4A at 175 Sullivan Street was on the market only since January 2009 ("starting" at $3.25mm) before closing on June 16 at $2.65mm -- an apparent 18% discount. But the longer listing history tells a longer, darker story....

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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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to the West Village to push, or not

Dec. 10, 2008

Categorized in: Market Trends

Tagged with: 1, 300ft, comps, sale, village

When I looked at the listing history of a (rare) West Village loft new to the Manhattan loft market this week, I thought they were likely to be pushing it at around $1,350/ft, considering it had been listed 2 years ago around $1,200/ft.

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Manhattan Loft Guy

dropping $2mm to make an un-lofty sale at 175 Sullivan Street

can an address provide enough oomph?

to the West Village to push, or not