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Manhattan Loft Guy

New York, New York

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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Manhattan Loft Guy

the end of a $1,000/ft baseline for Tribeca coop lofts?

Mar. 10, 2009
Categorized in: Market Trends
Tagged with: 000ft, 1, 200ft, roof deck
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 ba

2005 wasn't bad, was it?

Feb. 25, 2009
There's a good-sized Manhattan loft in a north Chelsea conversion from earlier this century that sold in August 2005 for $1.575mm. Because they thought that 2008 was not like 2005, they tried to sell about 20% above that, but that did not work. The curren

2007 = 2009? Soho sellers hope so

Feb. 19, 2009
Categorized in: Market Trends
Tagged with: 000ft, 1, 2007, 750ft, no frills, retail
Soho loft sold in 2004 for $750/ft in 2004, then for $1,000/ft in a Manhattan heartbeat in 2007 (8 weeks from listing to closing; those were the days...) while in "triple mint" condition. It is hardly prime Soho (at least for residential loft living; I he

drip, drip ... this data point points down from 2007 (way down)

Feb. 18, 2009
Categorized in: Market Trends
The loft is on a funky block (actually, a Manhattan Loft Guy fave), in a no-frills mature coop in which a "renovated and restored" unit sold at $1,000/ft in late 2007. But the current difficulty is not the funk, the frills or (likely) the finishes. Yes, V

eating crow while getting reamed / Chelsea loft goes to 30% off

Jan. 30, 2009
Categorized in: Market Trends
Tagged with: 000ft, 1, 2006, 200ft, 750ft, price drop, pushy
While I have seen price drops of this magnitude in this market, I don't recall any with quite the trajectory of this one. This loft essentially self-nominates (and wins!) the Manhattan Loft Guy too pushy ...? thread. (In case you are wondering, the Owner

are they fooling only each other? / 3 neighbors push, 1 smiles

Jan. 7, 2009
Categorized in: Market Trends
I have been following a funky-but-spectacular (in its way) Manhattan loft and -- after noting the last price drop (and reading a little frustration between the lines of the marketing text) -- I checked on two other units in the same building also for sale

80 Chambers Street flies off the shelf at $1,000/ft

Nov. 7, 2008
"It" is the Manhattan loft #11F at 80 Chambers Street, a 2002 conversion at the SW corner of Broadway. "It" is pretty big ("3,525 sq ft"), pretty light (36 windows, four exposures), and configured as 4 bedrooms with 3 baths. "It" was offered at $3.595mm a

more eternal springing / will unsuccessful 2006 price work in 2008?

Nov. 6, 2008
Categorized in: Market Trends
I saw a new Manhattan loft listing this morning in a prime loft building in a non-prime loft neighborhood that has been off the market for two years. I am not going to be more precise about which building ... but the loft was on the market for six months

is it a One Bed Wonder? / keeping secrets at 249 W 29

Mar. 14, 2007
Categorized in: new this week
Tagged with: 000ft, 1, 249 w 29 st, atco
3,000 sq ft with 1.5 baths I missed the 11th fl at 249 W 29 St when it came out the week before last. It has many appealing classic Manhattan loft features, including 4 exposures, 28 windows, cent... [Read More]