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Tribeca Travails

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From blogging broker Sandy Mattingly comes this absolutely alarming bit of analysis: "There's a very mature central Tribeca coop that has been a Manhattan Loft Guy fave for its rich data, efficient layouts and roof deck, among other reasons. The new listing there caught my eye because it exemplifies the fact that $1,000/ft is not even a baseline for coop values in 'typical' Tribeca loft buildings anymore." [MLG]