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Manhattan Loft Guy

Sep. 28, 2008 - new Manhattan loft listings + closed sales in last 7 days


This is my forty-eighth report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days
. Can you say "beginning of the Fall Market"??

The stats as of Sunday night:


  • there were 31 Manhattan lofts reported as new to the market in the last 7 days and 17 as sold -- a major slow down from recent weeks
  • 26 of the 31 new ones are offered below $3mm, while 15 of the 17 closed sales were below $3mm
  • only 2 of the 31 new loft listings are in new development while 7 of the 17 closed sales are in new development

    By price
    New = 31
    Sold = 17
    $500k to $999k
    7 2
    $1mm to $1.99mm
    10 8
    $2mm to $2.99mm
    9 5
    $3mm to $3.99mm
    3  
    $4mm to $4.99mm
    2 2
    $5mm+
       

     
    By neighborhood
    New = 31
    Sold = 17
    Battery Park City
       
    Chelsea
      5
    Clinton
    1  
    East Village
    1  
    Financial District
    2  
    Flatiron
    2 1
    Gramercy
    2  
    Greenwich Village
    6 1
    Kips Bay
       
    Little Italy
      3
    Lower East Side
      3
    Morningside Heights    
    Murray Hill
    1  
    Midtown East
       
    Midtown West    
    SoHo
    7  
    Tribeca
    5 4
    Turtle Bay
       
    Upper East Side
       
    Upper West Side
    1  
    West Village
    3  

  •  
  • New loft listings in new developments
  • 90 William Street (be@william) 1
    1 York Street (One York) 1
     

  •  
  • Sold lofts in new developments 

    420 West 25 Street (Loft 25) 2
    136 Baxter Street (Machinery Exchange) 2
    75 Ludlow Street (Ludlow Lofts) 3

    For information about how I get this stuff and why I slice it as I do, see methodology for New + Sold in The Last Seven Days. For my most recent rant about how soft this data may be, see
    loft or not? caution: active ranting ahead.





© Sandy Mattingly 2008

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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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