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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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Recent Comments

RE: 73 Worth Street closes by biting a very large bullet in one bite
I'm thinking the recent assessment won't help matt...
RE: what a difference a year (and a view) makes, as 161 Grand Street closes
sandy - just want to add that the other factor is...
RE: 73 Worth Street closes by biting a very large bullet in one bite
I wonder why almost half the building was on the m...
RE: open houses in the 3s
after real estate closeing deal with dimola bros d...
RE: tales of Olde Tribeca / 1980s nastiness at 151 Hudson Street
 I used to frequent the club and remember how...

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Manhattan Loft Guy

'apartment' or 'loft' / sometimes you just have to laugh

Jun. 17, 2009
Categorized in: what makes a loft a "loft"
My new mantra is if 'change is good', why is transition so hard? I offer that thought as a transition to this nugget in the Corcoran data-base that caught my eye. I am still not sure what The Rules are (there must be some, right?) for classifying "lofts"

new listing + sales data OH NOES / (over) optimism stopped by Dreaded Data Discontinuity

Jun. 8, 2009
Categorized in: Market Data - reports
I need to ask some questions at The New Firm, but as of now it appears that Corcoran's "loft" category is much smaller than OLR's (as I got only 4 new listings and less than 600 lofts in inventory) and that I cannot (easily? at all??) count loft sales for

ch ch ch changes ... the Guy moves to Corcoran in Soho

Jun. 4, 2009
Categorized in: change is a constant
Tagged with: cbhk, change, corcoran
I brought my license over to Corcoran's Soho office yesterday and started training today on a new listing system. I had a great run at Coldwell Banker Hunt Kennedy and will update this when (if?) there is publicly available information about CBHK that exp

comparing 1Q Manhattan loft data + overall market / another nugget report

Apr. 4, 2009
Categorized in: Market Data - reports
Using the Miller Samuel more rich data set, the Manhattan loft niche over-performed on median sales price (the overall Manhattan market was up 3.1% YoY), on average price per foot (the overall market was down 2.3% YoY), on days on market (the overall mark

monthly sales trends for Manhattan coops + condos, per Corcoran

Apr. 3, 2009
Categorized in: Market Data - reports
The number that jumped out at me when I got to see Corcoran's Manhattan real estate market report for the first quarter of 2009 (pdf, here) is their count of what looks like closed sales, by month.

the numbers are coming! the numbers are coming! 1Q market report season begins

Apr. 2, 2009
Categorized in: Market Data - reports
The headline of the Josh Barbanel piece in this morning's New York Times pretty much says it all about the major firms' First Quarter Manhattan residential real estate market reports: Apartments Sell for Less if They Are Sold at All. There will be much t

comparing nuggets / 4Q Manhattan loft data + overall market

Jan. 23, 2009
Categorized in: Market Data - reports
The loft niche is under-reported in two of three Manhattan quarterly market reports, so comparisons among the firms is difficult (The Miller wins, by default, essentially). The Miller Samuel 156 loft sales must have a very different mix from the unknown n

Corcoran nuggets: Manhattan loft market tracks overall, bigger does better

Jan. 10, 2009
Categorized in: Market Data - reports
Corcoran's loft-specific information is limited to average and median sales prices and average price per foot for 4 sizes of lofts, on only a year-over-year comparison. The data for the loft segment (on p5 of 13) and the overall Manhattan market (on p4 of

more about that Second Quarter / Manhattan loft data

Aug. 14, 2008
Categorized in: Market Data - reports
Yesterday I (finally) hit the big firm reports on Manhattan real estate transactions (and other stats) from the Second Quarter of 2008 .... Today it is whatever data is reported through the Big Three Firms ... specifically on the Manhattan loft market.

about that Second Quarter / data party like it is 2006

Aug. 13, 2008
Categorized in: Market Data - reports
It is (more than?) about time that I commented on the Q2 Manhattan real estate reports, as I have been chewing on them for quite a while (and we are halfway through Q3). The most interesting take-away for me is how well 2008 is doing (so far) compared to

Mothra v. Godzilla, or the epic battle over Manhattan sales volume reports

Apr. 14, 2008
Categorized in: Market Data - reports
More on the difference between reported sales volume in different first quarter Manhattan residential real estate market reports, now at the level of a true dispute, complete with trash-talking.

Q1 Manhattan market reports highlight high prices + major caveats

Apr. 11, 2008
Categorized in: Market Data - reports
3 major reports on the Manhattan residential sales market in the first quarter of 2008 trended similarly on price (up, or way up) but not on volume. Worse, they use such different numbers as to confound any reasonable person.

all feet at 108 Wooster are square but not equal

Oct. 16, 2007
Categorized in: Loft neighborhoods / SoHo
New Manhattan loft for sale at 108 Wooster Street has an inefficient floor plan but a high price per foot.

fire the super-heroes / 35 W 23 is back without Aqua-Lad

Oct. 7, 2007
Interesting decision by the seller to switch agents but not firms. Obviously, the firm-based (and web) marketing oomph is exactly the same then, as now. My surmise two months ago was that the super-hero campaign was so quirky that it suggested the owner and agent had a very good rapport, but – if so – that got strained without a sale. I don’t remember the former pictures all that well, but the ones now up seem new to me (and fewer), so maybe they are simply simplifying the marketing.

new + understated at 69 Murray

Aug. 30, 2007
so new no web (yet) The 8th floor at 69 Murray Street is so new as a listing it is not yet on Corcoran's website -- but when it is it should be here. Asking $2.35mm ($2,380/mo maintenance) for "... [Read More]

bring MY architect – new & expandable & much appreciated at 8 E 12 St

Jun. 29, 2007
Categorized in: On The Market
loft comes with approved plans The 5th floor at 8 East 12 Street is new today -- set up as 2 bedrooms + 2 baths in “2,300 sq ft”, it comes with architect’s plans to covert to a 3... [Read More]

how The Market can change / NY Times reported sale at 684 Broadway

Jun. 28, 2007
Categorized in: pricing analysis
The NY Times Residential Sales feature today includes this Manhattan loft sale: GREENWICH VILLAGE $3.1 million 684 Broadway (Great Jones Street) 3-bedroom, 2-bath, 3,100-sq.-ft. co-op in a re... [Read More]

recycling week / tragedy of the half-assed REBNY public web portal

Jun. 14, 2007
quarter-assed portal?? I blogged about the saga of the miserable efforts by the Real Estate Board of New York to create a single public website for access to REBNY member firm exclusive sales and... [Read More]

“junior loft” in contract at 10 Leonard

May. 24, 2007
Tagged with: 10 leonard, corcoran, floor plan
#3N at 10 Leonard St just went into contract this week after six months on the market, off an asking price of $1.199mm (and a relatively high maintenance for a non-doorman loft of $1,157/mo for a 1... [Read More]

portal potted / REBNY website to limp out in September

May. 17, 2007
weak-ass website coming It may sound like inside baseball to many, but the saga of the REBNY public web portal is a fascinating story, with important implications for how coops and condos are mark... [Read More]
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