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64 Grand Street closes UP 12% since 2006

August 20th, 2009 7:21 am
Categorized in: Loft neighborhoods / SoHo
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

161 Hudson Street closed after 14 weeks, up 33% (since 2004)

August 17th, 2009 7:54 pm
Tagged with: 1000ft, 1100ft, 2004, 2007, club, hudson, music, wetlands
The Manhattan loft #2B at 161 Hudson Street had a pretty good run through the 2009 market, starting at $2.7mm in March, dropping twice in April (to $2.5mm) and closing June 30 at $2.41mm. That quick history shows that they really wanted to sell, and had a

Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%

August 16th, 2009 10:19 am
The Manhattan loft #3W at 66 Ninth Avenue (The Porter House) was marketed very enthusiastically at prices The Market was not ready for. It cleared on June 23 at $2.15mm, which is a difficult number to put in context. In the context of neighborly competiti

170 Fifth Avenue closes AT 2007 (maybe)

August 13th, 2009 7:55 am
Categorized in: Market Trends
If I am reading the listing descriptions and pictures correctly, the very recent sale of the Manhattan loft #5 at 170 Fifth Avenuefor $2.945mm was essentially flat since the February 2007 sale of #3 for $2,972,500. What has been preserved of the third flo

2005 + 10%? that might work

August 9th, 2009 12:24 pm
Categorized in: Market Trends
Tagged with: 1000ft, 2005, 2007, prime, square, windows
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

they gave the roof away to close the 158 West 23 Street penthouse

August 3rd, 2009 8:56 am
The Manhattan loft conversion at 158 West 23 Street started marketing in mid-2007, offering floor-through lofts of "1,865 sq ft" that were offered as open spaces with full kitchens and (usually) (only) 1.5 baths. I.e., not exactly white boxes, but with sp

why isn't a Tribeca premium renovation worth at least 250/ft?

July 31st, 2009 9:10 am
Tagged with: 1000ft, 1250ft, 2007, finishes, gut, renovation
You'd think that a stem-to-stern high quality renovation of a Manhattan loft would both (a) cost and (b) be worth at least $250/ft, wouldn't you? There is a loft in prime Tribeca that was gutted after being purchased in April 2007 right around $1,000/ft a

big loft, big roof / 43 East 19 Street penthouse closes under $4mm for (maybe) 4,100 sq ft + 2,050 sq ft terrace

July 26th, 2009 9:14 am
The Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq ft"). The listing description emphasizes volume over finishes, while noting "wonderful original detail

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

July 16th, 2009 6:58 am
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....

107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury

July 15th, 2009 3:46 am
The Manhattan loft #5B at 107 West 25 Street closed on June 25 (the deed was just filed last week), the first loft to sell in this small building since 2007. Please raise your hand if you are surprised that values have changed in the building since 2007..

does not compute / 2007 + 10% = no sale?

July 13th, 2009 12:16 pm
Categorized in: Market Trends
Tagged with: 2006, 2007, flip, price drop
A not-quite-recent new listing of a Manhattan loft caught my eye because it is in a building in which i have recently looked at a recent sale compared to past sales, and found a 2009 clearing price that approximated an old clearing price. Based on the ope