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did 525 Broome Street get value for the 2008 renovation?

August 25th, 2009 6:30 am
Categorized in: Loft neighborhoods / SoHo
Of course The Market does not care what a seller has to pay, or has paid; The Market only cares about what the seller and buyer can agree upon. In this case, the July 31, 2009 buyer of a renovated loft and the June 19, 2008 buyer of a blank canvas agreed

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