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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Aug. 20, 2009
One of these days I will do a long post about how The (overall) Market is made up of individual transactions that vary widely from The (overall) Market trend. But not today. Today the news is about a Manhattan loft that is anomalous only if your theory is
Aug. 9, 2009
Categorized in: Market Trends
There's a lovely square loft newly available for sale in a prime Manhattan loft area that is asking about 10% more than the clearing price when it sold in June 2005. I think this is likely to be close enough that The Marketwill reward it with an offer off
Jun. 29, 2009
The Manhattan loft #4B at 161 Grand Street closed last week for $1.71mm after a relatively brief (successful) campaign. This "1,831 sq ft" "beautiful and spacious" loft was marketed as being in "move-in" condition -- a relatively modest description for a
Jun. 16, 2009
The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other 'fundamental' stuff), but also "before" it got dressed up fr
Apr. 27, 2009
In the (entirely fictional) Manual of Style for real estate agents, the phrase "museum quality" is used because (I guess) "quadruple mint" just does not zing. (The fact that few people actually want to live in a museum may mean it is used ironically, but
Mar. 27, 2009
I just updated my ever-so-popular February 23 post, What's Wrong With These People? agents who speak out of their ... to reflect that the Manhattan loft in question has not sold (or entered into contract), but that the price has been cut 8%. It still has
Mar. 20, 2009
Yesterday's New York Times On Location Home & Garden feature Bringing Light to a New York Loft profiled a Broome Street total renovation ("gutted to its floor joists and beams and totally rebuilt -- with plumbing, electricity and other systems"). The loft
Mar. 6, 2009
Categorized in: Market Trends
Transaction costs aside, these January-2007-buyers-turned-February-2009-sellers realized $10,000. More impersonally, their experience suggests that The Manhattan Loft Market in this very specific micro-neighborhood in Tribeca is roughly flat from 1Q07 to
Feb. 23, 2009
I toured some Manhattan loft open houses yesterday with buyers, and saw some interesting lofts. The "highlight" of the tour was a visit to a loft with a terrific skeleton -- clearly a total gut renovation with a lot of potential (handsome building, high c
Nov. 30, 2008
Putting an apartment on the market at the same time as a neighbor's can strain relationships within a building. But I wonder about the degree to which competing listings can lead sellers to over-value their apartments. Let's get back to 24 East 22 Street
Mar. 3, 2008
Unit 10E at 222 Park Avenue South came to market this past weekend, a classic Manhattan loft in a long-established coop along a stretch of Park Avenue South that teems with new developments. Presented by Monica Ritterspoon of Corcoran, they are asking $3.
Feb. 9, 2008
BHS has been marketing the full floor loft 24 East 22 Street #5 since July as “rarely available”; that may have been true, but it is not so true since Corcoran brought the Manhattan loft below to market i2 months ago.
Feb. 8, 2008
I will take William Grant and Russell Miller of BHS at their word at this point, that Manhattan loft #2W at 64 West 15 Street is an “airy loft [that] masterfully combines beautiful prewar details with today’s’ contemporary amenities”, as they prov
Nov. 23, 2007
The Manhattan loft Unit 4T at 129 Duane Street is having one of the most unwanted events for a loft listing: a birthday next Tuesday. The loft was new to market on November 27, 2006 at $3.15mm and dropped to $2.795mm in January, $2.695mm in March, $2.495m
Oct. 10, 2007
Manhattan loft for sale at 1 Hudson Street
Aug. 6, 2007
#5G is new – “1,300 sq ft” for $1.299mm
Unit 5G at 514 Broadway is new and about as “SoHo” as Soho gets - for Broadway – between Broome and Spring Streets. (In... [Read More]
Jul. 22, 2007
Categorized in: On The Market
calm in the center of it all?
#7N at 116 West 14 Street is new this weekend, with the first showing next Sunday, July 29. With low monthly charges and taxes ($1,517/mo) for “2,000 sq ft&rdqu... [Read More]
Jul. 12, 2007
why the market diss?
Unless it sells by Labor Day, #3H at 514 Broadway will be entitled to a cake with one candle on it. Since the September 2006 price of $2.3mm, this “2,100 sq ft” 1... [Read More]
Aug. 30, 2006
There must be many opinions on what makes a Manhattan loft a “loft”, or where the line is between merely “loft-like” and a “true” loft. I know this because I see many listings for “lofts” that – to me – are not lofts at all, but “apa
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