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

when you reach the right price ... 105 Fifth Avenue closes

Aug. 2, 2009

Categorized in: Loft neighborhoods / Flatiron

Tagged with: 800ft, 900ft, column, discount, fifth, mint, price drop

ice The Manhattan loft #7A at 105 Fifth Avenue closed on July 22 at $1.125mm, only a 4% discount from the (last) asking price of $1.175mm, proving that if you drop the asking price enough you don't have to discount very much to make a deal. (File this un

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29 East 22 Street closes but is the calendar off?

Jul. 22, 2009

Categorized in: Market Trends

Tagged with: 1600 ft, 2005, 700ft, 800ft, ceilings, comps, east 22, renovation

Let's try something new for Manhattan Loft Guy. I give you two sales of same-size lofts in the same building, with condensed descriptions and listing histories, and you guess which one is from 2009 and which one is from 2005. Both are said to be "1,600 sq

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107 West 25 Street buyer discerns deal 15% off list, sits in lap of luxury

Jul. 15, 2009

Categorized in: Loft neighborhoods / Chelsea

Tagged with: 1000ft, 2007, 800ft, floor plan, mint, one bed wonder, west 25

The Manhattan loft #5B at 107 West 25 Street closed on June 25 (the deed was just filed last week), the first loft to sell in this small building since 2007. Please raise your hand if you are surprised that values have changed in the building since 2007..

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did developer leave a lot of money on the table in 2007?

Jan. 9, 2009

Categorized in: Market Trends

Tagged with: 1, 2007, 800ft, flip, new developments, pushy

There's a resale that caught my eye, a new construction Manhattan loft that was marketed in 2006 and closed in 2007. This Tribeca unit closed in the first offering at $1,100/ft after the developer dropped the price twice and then accepted an offer for ano

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