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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Jun. 26, 2009
I wish I had a transcript for the negotiating that resulted in the June 12 closing of the Manhattan loft #4B at 73 Worth Street. The 'simple' facts are that it had been asking $3.2mm and the deal was done well south, at $2.69mm. $510,000, or 16% -- that's
Jun. 16, 2009
The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other 'fundamental' stuff), but also "before" it got dressed up fr
Jun. 10, 2009
The Manhattan "loft" #3A in the new building dubbed Zinc, 475 Greenwich Street (love the Tribeca pix and Talking Heads on the building's website), sold in the first offering for $2.45mm and was immediately (10 days; they had to do some paperwork) put back
May. 28, 2009
How's this for a lovely trajectory in a challenging market? The Manhattan loft #4N at 155 Hudson Street came to market on February 20 at the wrong price ($2.395mm) but they (apparently) really wanted to sell and they knew what to do: they dropped the pric
May. 15, 2009
The bloom is definitely off the bull at 42 East 20 Street, a/k/a the Bullmoose Condominium, which was a huge success in the wave of Manhattan loft conversions in 2003. Another candidate for how the mighty have fallen.... Two recent sales suggest values he
May. 11, 2009
There were 21 Manhattan lofts reported as new to the market in the last 7 days and only 9 as sold; 11 of the 21 new ones are offered below $2mm, while 4 of the 9 sales were offered between $1mm and $2mm; 5 of the 21 new loft listings are in new developmen
Apr. 27, 2009
There were 18 Manhattan lofts reported as new to the market in the last 7 days and 10 as sold; 10 of the 18 new ones are offered between $1mm and $2mm, while the 10 sales were offered between $1.125mm and $3.25mm; only 2 of the 18 new loft listings are in
Apr. 20, 2009
There were 22 Manhattan lofts reported as new to the market in the last 7 days and only 3 as sold; 17 of the 22 new ones are offered below $2mm, while the 3 sales were offered between $2mm and $5mm; only 1 of the 22 new loft listings is in new development
Apr. 12, 2009
There were 16 Manhattan lofts reported as new to the market in the last 7 days and only 5 as sold (continuing a strong trend of weak sales numbers: after previous weeks of 13, 7, 7, 12, 7, 9, 7, 3, 7, 14 and zip); 14 of the 16 new ones are offered below $
Apr. 5, 2009
There were 26 Manhattan lofts reported as new to the market in the last 7 days and 13 as sold (continuing a strong trend of weak sales numbers: after previous weeks of 7, 7, 12, 7, 9, 7, 3, 7, 14 and zip); 15 of the 26 new ones are offered below $2mm, whi
Apr. 1, 2009
For the 30 days prior to March 12, 2009 our inter-firm data base reported as Sold and Closed Manhattan "lofts" 21 resales and only 10 developer/sponsor sales in new developments, compared to the 13 and 21 reported for February, the 22 and 28 reported in J
Mar. 30, 2009
There were 39 Manhattan lofts reported as new to the market in the last 7 days and 7 as sold (see where this is going? ... after previous weeks of 7, 12, 7, 9, 7, 3, 7, 14 and zip); 30 of the 39 new ones are offered between $1mm and $3mm, while 3 of the 7
Mar. 21, 2009
I have set up the skeleton of my next 30-days-sales report of actual Manhattan loft sales, which will be from March 12. As of now, there are (appear to be) 21 resales andI have set up the skeleton of my next 30-days-sales report of actual Manhattan loft s
Mar. 19, 2009
Categorized in: pricing analysis
The full history of the Manhattan loft #6A at 50 Walker Street will reveal just how different this marketing campaign was from the loft addressed yesterday (why be that negotiable in secret? 25 Ann Street closed nearly 25% off ask ), but for now (before t
Mar. 16, 2009
There were 31 Manhattan lofts reported as new to the market in the last 7 days and 12 as sold (after previous weeks of 7, 9, 7, 3, 7, 14 and zip); 20 of the 31 new ones are offered between $1mm and $3mm, while 6 of the 12 sales were offered between $1mm a
Mar. 12, 2009
This loft was described much more enthusiastically (with more details) than the 6th floor, plus it has many, many more windows (4 exposures) with Empire State and Met Life views -- usually premium items for a Manhattan loft. (StreetEasy has part of the li
Mar. 9, 2009
There were 38 Manhattan lofts reported as new to the market in the last 7 days and only 7 as sold (after previous weeks of 9, 7, 3, 7, 14 and zip); 20 of the 38 new ones are offered between $1mm and $3mm, while all of the 7 sales were offered below $3mm (
Mar. 8, 2009
Categorized in: Market Trends
The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about this loft in Tribeca's great northwest.
Mar. 7, 2009
For the 30 days prior to February 11, 2009 our inter-firm data base reported as Sold and Closed Manhattan "lofts" 13 resales and 21 developer/sponsor sales in new developments, compared to the 22 and 28 reported in January, and the 24 and 19 reported in D
Mar. 6, 2009
Categorized in: Market Trends
Transaction costs aside, these January-2007-buyers-turned-February-2009-sellers realized $10,000. More impersonally, their experience suggests that The Manhattan Loft Market in this very specific micro-neighborhood in Tribeca is roughly flat from 1Q07 to
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