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

did a jazz fan or a muppet maniac buy Mingus's place at 5 Great Jones Street?

Aug. 11, 2009

Categorized in: loft neighborhoods / NoHo

Tagged with: artist, big bird, closed sale, comps, curbed, great jones, jazz, love, mingus, sesame street

The Manhattan loft #2 at 5 Great Jones Street was marketed for its character ("authentic artist" loft, 14 foot tin ceilings) and its provenance ("[o]nce the home of Jazz great Charles Mingus and the creator of Big Bird Kermit Love"). At "2,300 sq ft" on a

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10 Bleecker remarkable space holds value remarkably well

Apr. 14, 2009

Categorized in: loft neighborhoods / NoHo

Tagged with: aig, bleecker, closed sale, contract, deck, lehman, negotiation, neighbors, roof, sold

You might look at the successful 9 day marketing campaign (NINE DAYS!) a year ago of the Manhattan loft #7B at 10 Bleecker Street as a marvel of timing, in the sense of how marvelous (for these sellers) to time the top of the market. After all, they got

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(kinda) quick trip to closing, but a long trip off ask at 147 Waverly Place

Feb. 11, 2009

Categorized in: pricing analysis

Tagged with: 2006, closed sale, flip, new development, price drop, real deal, sixth avenue, theater, waverly

velocity x magnitude = whiplash The speed at which the Wanna-Be-Seller adjusted the asking price for this Manhattan loft is remarkable, as is the magnitude: the $796,000 price reduction was a 40% "discount" off the asking price. Yowza. (How's that for p

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one data point leads to another / net loss on sale at Altair 18

Sep. 26, 2008

Categorized in: Loft neighborhoods / Flatiron

Tagged with: altair, capital gains, closed sale, flat, flip, loss, sideways, west 18

Follow up to an earlier Manhattan Loft Guy post about 32 West 18 Street: I don't know if the sad history of #2B is because it is a second floor unit or if The Problem is more general for the Altair 18, which The Market loved enough to sell out last year.

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one sobering data point / 684 Broadway loft sells slowly, reluctantly

Sep. 24, 2008

Categorized in: Market Trends

Tagged with: broadway, closed sale, curbed, great jones, light, miller, streeteasy, trends, views

About the sale of #7E at 684 Broadway: Based on this one data point, the very-local-to-Broadway-at-Great-Jones-Manhattan-loft-micro-market looks to be flat or worse, year-over-year.

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data point in a sideways market / closing at 32 West 18 Street

Jun. 11, 2008

Categorized in: Loft neighborhoods / Flatiron

Tagged with: altair, barbanel, closed sale, miller, ny times, parking lot, views, west 18, west 19

Manhattan loft 32 West 18 Street #2B (Altair 18), had been for sale ... It had a signed contract in May and shows up as Sold & Closed in the inter-firm data today. While that is undoubtedly a huge relief for the sellers after 7 months and 5 prices, that s

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