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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Aug. 30, 2009
The Sunday Real Estate section of the New York Times regular feature by Joyce Cohen, The Hunt, today profiles a woman who seems to have spent much of the last 18 months looking for a 2 bedroom with light on a narrow slice of the Upper West Side. She event
Aug. 28, 2009
Categorized in: Market Trends
I checked in at 66 Ninth Avenue (The Porter House) on August 16 (Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%) to tell a tale of Manhattan loft sellers who recently closed 40% above their November 2003 purchase
Aug. 27, 2009
Categorized in: Market Trends
When I hit the Manhattan loft #3S at 155 Franklin Street (the Sugar Loaf) as a June 2009 sale 16% off the 2006 clearing price (August 5, 155 Franklin Street crashes past 2006 to close up 28% (since 2000)) I made a note-to-self to revisit The Real Deal Jul
Aug. 23, 2009
It has been quite a while since I posted loft-closings-in-last-30-days, but I have not stopped keeping track of Manhattan residential lofts as they close. While there are many limitations in the data (discussed below), the collection is worthwhile enough
Aug. 15, 2009
The Manhattan loft #2 at 114 Spring Street has (and has had) a lot to recommend it: prime Soho location, "1,900 sq ft", 12 foot barrel-vaulted ceilings, bright lights and cast-iron views, and a renovation described as "magnificent" (Venetian plastered wal
Jul. 21, 2009
How's this for getting it right? The Manhattan loft #2A at 161 West 15 Street came to market on January 16 and found a contract in 32 days (it closed May 12 but took a long time to be public; the price is still missing on StreetEasy and can be found on Pr
Jul. 6, 2009
Categorized in: Market Trends
The Manhattan loft in the new development (well, it was new in 2007) Five Nine John Lofts, #PH2 at 59 John Street, closed on June 24 at the recently public price of $1.35mm. Billed as the "last sponsor unit", this "1,612 sq ft" loft (with "1,592 sq ft" wr
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. 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
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