Dec. 4, 2008 - Goldilocks in the too pushy ..? thread in greater midtown
the right idea
There's a corridor in the Greater Midtown area with a lot of new Manhattan condo developments, some lofts, some not. One 2007 loft conversion has a new listing this week priced about $150/ft less than the original purchase price. The original sale prices were (typically) based on floor height (more dollars for 'more' floors) and this one came in just above $1,100/ft. (Given the level of finishes in the conversion, this represented a significant [and appropriate] neighborhood discount.)
At first blush, I put this one between too pushy and not pushy enough. In other words ...Goldilocks may find this one priced just right.
It will be interesting to see if The Market gives them credit for this approach by rewarding them with a contract relatively soon. To say the least.
© Sandy Mattingly 2008
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