Brokers!! What are you seeing out there???

It's hard not to call Brooklyn (or at least a large swath of it) a sellers market, if you're a buyer in BK chime in here. After a lag, Manhattan is showing a lot of strength, at least for the best in class/desirable properties. Ex: Bid on both listings at 108 5th ave, first time all cash at ask-nope. Second listing $100k over ask, non-contingent, told we were 5th! Oh well. We have two new listings in Gramercy, lets see how it goes, first OH's this weekend.

But who cares what I have to say, just look at the UD dashboard, numbers don't lie.
 

David Goldsmith

All Powerful Moderator
Staff member
It's hard not to call Brooklyn (or at least a large swath of it) a sellers market, if you're a buyer in BK chime in here. After a lag, Manhattan is showing a lot of strength, at least for the best in class/desirable properties. Ex: Bid on both listings at 108 5th ave, first time all cash at ask-nope. Second listing $100k over ask, non-contingent, told we were 5th! Oh well. We have two new listings in Gramercy, lets see how it goes, first OH's this weekend.

But who cares what I have to say, just look at the UD dashboard, numbers don't lie.
If only everyone was renovating and still asking 36% less than they purchased for in 2015.
 
Regarding the 5th avenue listings, I'm not certain where they will end up, but I can assure you the strategy was to price them soft. And it worked well, multiple bids after one open house. At least regarding the second one, we know it traded at least 100k higher than the ask, since we were told we came in 5th and we bid 100K above the ask. The first listing we bid the asking price and were told we weren't close. Guess we'll know once these close.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
Regarding the 5th avenue listings, I'm not certain where they will end up, but I can assure you the strategy was to price them soft. And it worked well, multiple bids after one open house. At least regarding the second one, we know it traded at least 100k higher than the ask, since we were told we came in 5th and we bid 100K above the ask. The first listing we bid the asking price and were told we weren't close. Guess we'll know once these close.
streets level comments always awesome here. Thx Keith
 
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