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Manhattan Loft Guy

Oct. 26, 2008 - new Manhattan loft listings + closed sales in last 7 days


This is my fifty-second 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
.

The stats as of Sunday night:


  • there were only 21 Manhattan lofts reported as new to the market in the last 7 days and only 16 as sold -- a second consecutive week of very slow action in a long time -- and nearly all the new listings in resales
  • 12 of the 21 new ones are offered between $1mm and $3mm, while 7 of the 9 closed sales were between $1mm and $3mm
  • only 1 of the 21 new loft listings is in new development, but 9 of the 16 closed sales are in new development

    By price
    New = 21
    Sold = 16
    $500k to $999k
    2 5
    $1mm to $1.99mm
    3 6
    $2mm to $2.99mm
    9 4
    $3mm to $3.99mm
    3 1
    $4mm to $4.99mm
    1  
    $5mm+
    3  

     
    By neighborhood
    New = 21
    Sold = 16
    Battery Park City
       
    Chelsea
    1 2
    Clinton
       
    East Village
    1  
    Financial District
    2 4
    Flatiron
    3  
    Gramercy
    1  
    Greenwich Village
    3  
    Kips Bay
       
    Little Italy
       
    Lower East Side
    1  
    Morningside Heights   3
    Murray Hill
    1  
    Midtown East
       
    Midtown West    
    SoHo
    2 2
    Sutton Place 1  
    Tribeca
    4 3
    Turtle Bay
    1  
    Upper East Side
       
    Upper West Side
      1
    West Village
      1

  •  
  • New loft listings in new developments
  • 1 York Street (One York) 1
     

  •  
  • Sold lofts in new developments 

    20 West Street (Downtown Club) 3
    90 William Street (be@William) 1
    247 West 115 Street (Delany Lofts) 3
    25 Murray Street (Tribeca Space) 1
    101 Warren Street 1

    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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