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 Users Guide (be sure to search the archives)

• The Gotham Center for NYC History

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• cul-cha!

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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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didn't build it, but they came to 21 Bond Street at $692/ft

Jul. 28, 2009

Categorized in: loft neighborhoods / NoHo

Tagged with: 1000ft, 700ft, 900ft, artist, bond, comps, renovation

The Manhattan loft #3 at 21 Bond Street was sold this month (July 17, deed filed last Friday) in "bring your imagination" condition (no interior pix), and suggests that the limitation of a buyer needing 'extra' cash to fund a renovation -- like many -- ca

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if you don't build it will they come? buy + build opportunity

Jul. 27, 2009

Categorized in: renovation opportunities + rewards

Tagged with: 2008, 830ft, 900ft, comps, financing, gut, renovation

There's a Manhattan loft (fairly) newly for sale that caught my eye as a potential test of one of the limits that is more limiting in the current market than in prior markets: selling a space that will need substantial (if not gut) renovation. With mortga

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Manhattan Loft Guy

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

didn't build it, but they came to 21 Bond Street at $692/ft

if you don't build it will they come? buy + build opportunity