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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. 11, 2009
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
Feb. 21, 2009
When I moved into the American Thread Building in 1981 (the first great condo loft conversion in Tribeca?), I was in that (relatively) new Manhattan demographic, Young Urban Professionals, and we were "welcomed" into the building by the graffito "die yupp
Feb. 13, 2009
Categorized in: Market Trends
Interesting graph on yesterday's Curbed contribution from The Miller, Three Cents Worth: Listing Discount A Spiked Punch . Bottom Line is that what The Miller calls Listing Discount (the gaps between the last listing price and the contract price) was 7.3%
Dec. 29, 2008
Categorized in: Market Trends
So ... it is hype to say that sales are taking place because the truth is that there's been little or no sales activity. Let me offer some more hype, then. Looking only at sales of Manhattan lofts (as in transactions reported as Sold & Closed), on average
Dec. 27, 2008
Categorized in: Market Trends
I would love to hear real data about the number of people who can't drag enough cash to a closing to take title, but in the meantime I will just stumble along with my Manhattan loft anecdotal stuff (about developments such as 15 East 26 Street as an excep
Oct. 29, 2008
I usually don't identify the current owners of Manhattan lofts for sale, or current residents in a building, out of respect for their privacy. And I usually don't comment on active listings from other firms (some of you may not remember this, end of an er
Sep. 24, 2008
Categorized in: Market Trends
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.
Sep. 19, 2008
Yes, agents (and Manhattan real estate firm management) say uninformed stuff in the media all the time, but this one is a pretty wild statement about the current market, which generated an interesting rejoinder from the agent's boss (including saying it i
Jul. 31, 2008
Categorized in: pricing analysis
Braden Keil's Gimme Shelter grab bag in today's NY Post (hat tip to Curbed for pointing it out) mentions two celebrity Manhattan real estate transactions that caught me eye, though neither involves a real loft. (One won't worry much about capital gains; t
Apr. 14, 2008
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.
Apr. 12, 2008
Categorized in: In the news (me)
"one of the finest and most honest broker-bloggers the NYC real estate industry has produced to date" (blushing). I did not say that (nor anyone in my family); Curbed did in yesterday's Silence of the Bloggers: Manhattan Loft Guy Muzzled. (More blushing.)
Apr. 11, 2008
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.
Apr. 3, 2008
Categorized in: pricing analysis
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns... [Read More]
Mar. 25, 2008
Categorized in: Market Trends
Over at Matrix, Jonathan Miller links to a chart he did for Crain’s New York Business showing that the number of coops and condos available for sale in Manhattan has gone up 15% from the end of December to the end of February, though still at relative h
Mar. 18, 2008
Does Manhattan coop and condo inventory follow calendar patterns? Not so much....
Mar. 8, 2008
#8E at 20 N. Moore Street is pretty new to the market (week before last), asking $3.45mm and $1,700/mo for "2,400 sq ft". I'd have blogged about it last week BUT it is my listing and I wanted to make sure that the sellers were comfortable with me doing a
Jan. 16, 2008
The full Community Board voted unanimously to rescind their prior approval and (with one abstention) unanimously to oppose the application [for a liquor license at 25 North Moore Street in Tribeca].
Jan. 10, 2008
The requirement that the State Liquor Authority determine what is in the public interest if there are already 3 licensees within 500 feet means they have to consider this standard in many, many Manhattan loft neighborhoods. ... I have no idea what the leg
Nov. 6, 2007
I blogged about the Manhattan loft for sale on the 2d floor at 48 Great Jones Street when it got the Curbed treatment back in August. The [e-flyer] headline was “significant” price reduction. Tom Cooper at Sotheby’s did not lie.
Sep. 25, 2007
It will have taken nearly a year for the Real Estate Board of New York (REBNY) to bring out its public portal for searching exclusive Manhattan rental and sales listings by the time this thing is introduced on Friday. (THX to Curbed for the reference to The Real Deal’s article yesterday.)
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