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biting a big bullet in little pieces / 9 Murray closes off 40%

June 22nd, 2009 5:41 am
The Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in five weeks (and to $1,799,999 -- just for fu

opportunity knocked at 60 West 15 St for $828/ft (and more), answered at $622/ft

June 12th, 2009 2:17 pm
The Manhattan loft on the 4th floor at 60 West 15 Street was marketed as a masterpiece (to be), with the interesting come-on that "architects and designers are vying to renovate" it. At "3,133 sq ft", there's a lot of work for those architect and designer

PROFESSIONAL COMPUTER – NETWORKING - PRINTER – INFORMATION TECHNOLOGY

June 8th, 2009 10:45 am
Microsoft Exchange, Windows Server, SMS, Group Policy, Remote Online Support, Vista, XP, 2000, 2003, 2007, 2008, Fortinet, Fortigate, Sonicwall, Cisco, Netgear, Wireless, Hub, Switch, Router, Mcafee, Trend Micro, Symantec, Eset, Spyware, Malware, Rootkit,

is Chelsea Mercantile off 25% since 2007?

May 5th, 2009 10:43 am
I have long believed that the Chelsea Mercantile conversion of the old Veteran's Administration building into residential lofts on Seventh Avenue at 24th and 25th Streets 'created' a new market for (lower) 'north Chelsea'. (From back in the day, when I ta

another seller who gets it / pricing 7% off 2007

April 18th, 2009 10:52 am
Categorized in: Market Trends
Tagged with: 2007, comps, renovation
There's a loft newly offered for sale in a Manhattan Loft Guy fave building (value!) that -- I think -- is taking the right approach to The Market. The 2009 seller was a 2007 buyer, and is starting in The (new) Market at 7% off the market price of The (ol

some sellers are not adapting

April 9th, 2009 8:20 am
Categorized in: Market Trends
Tagged with: 2007, lehman, pushy, renovation, upgrade
It is a very tall order to persuade The (cruel, cold) Market that you have doubled the value of a Manhattan loft in a full gut renovation, let alone in a more modest upgrade. Of course, it did not work, as The Market is unpersuaded. So they took a million

some sellers are adapting

April 8th, 2009 8:19 am
Categorized in: Market Trends
Tagged with: 2007, mint, price drop, pushy, renovation
It was somewhat refreshing to come across a Manhattan loft recently new to market that is priced with The (new) Market in mind. The seller knows exactly what life near the top of The (old) Market was like, as s/he bought it two years ago. The seller is te

flipping on your head (ouch) in Chelsea / from 2002 to 2007, returning to 2009 ... then 2006 or earlier??

March 26th, 2009 12:20 pm
Categorized in: Market Trends
As I said (in all those words above), this is quite an interesting timeline, encompassing Mahanttan loft markets that showed gain to froth to pain: (1) an up market (developer searching for right price in 2002-03), (2) a frothy market (quick sale in 2007

chasing a dream or waking up from a bad dream, as they chase The Market down

March 15th, 2009 10:28 am
Categorized in: Market Trends
Tagged with: 1100ft, 1300ft, 2007, flip, price drop
There's a new-ish listing in an architecturally significant Manhattan loft conversion from this century that hit numerous Manhattan Loft Guy buttons: it is (another) one of those eight million stories; it was definitely too pushy; it is now priced signifi
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