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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