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June 26th, 2009 7:29 am
I wish I had a transcript for the negotiating that resulted in the June 12 closing of the Manhattan loft #4B at 73 Worth Street. The 'simple' facts are that it had been asking $3.2mm and the deal was done well south, at $2.69mm. $510,000, or 16% -- that's
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June 23rd, 2009 6:08 am
The Manhattan loft #12C at 315 West 36 Street was marketed with some urgency, some big price drops, and all caps (I have taken that annoying formatting off): "major price drop, must sell immediately!!!". Darned if they didn't do it (not "immediately", but
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June 20th, 2009 1:46 pm
Categorized in: Market Trends
In looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In one case*, it is the first closing in the building; in the o
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June 5th, 2009 9:27 am
We are offering a 10% discount on the purchase of all of our online Michigan real estate continuing education courses. Simply type blogger10 in the "Discount Code" field at the top of the c... [Read More]
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May 1st, 2009 6:06 am
The Tribeca Summit at 415 Greenwich Street is a candidate for poster boy for bi-polar psychosis (an armchair diagnosis). The Manhattan loft deluxe condo conversion of a warehouse has been marketing since Summer 2006, at a time when the arms race among hi
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April 29th, 2009 3:57 am
The Manhattan loft #7A at 497 Greenwich Street closed on April 16, just less than a month after going to contract. Not many Manhattan residential real estate agents make Page Six (I hope), but that august source seems to think this sale happened after a l
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April 27th, 2009 12:28 pm
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
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April 24th, 2009 2:20 pm
Categorized in: Market Trends
Of course, I have no idea what this seller's actual emotions are, but the fact that the March 2009 seller at $2.55mm was a buyer in the original conversion in February 2004 for $1,970,314 suggests that this seller may be a little chagrined at not getting
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April 22nd, 2009 4:39 am
Categorized in: Market Trends
Long-time blogger / honest agent Doug Heddings has an interesting slice of current Manhattan coop and condominium market data from PruDE's signed contracts files for weeks ending from March 6 through April 3. Here is one nugget: Spread between contract pr
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April 2nd, 2009 7:14 am
The headline of the Josh Barbanel piece in this morning's New York Times pretty much says it all about the major firms' First Quarter Manhattan residential real estate market reports: Apartments Sell for Less if They Are Sold at All. There will be much t
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March 18th, 2009 8:28 am
Using this painful Manhattan loft story as a jumping off point, this scenario shows the danger of coming to market at a price far removed from where buyers are: you don't get any offers and you probably get little or no open house traffic or phone call in
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March 14th, 2009 3:14 am
domain names discount brokers
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