Manhattan Loft Guy

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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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Manhattan Loft Guy

bidding war erupts VERY late, as 49 Warren St gut job closes

Aug. 10, 2009

Categorized in: renovation opportunities + rewards

Tagged with: 1100ft, 2005, bidding war, gut, renovation, warren

This one is weird.... I began this post in my mind with a headline like "pricing it VERY right at 49 Warren Street" because the StreetEasy listing associated with the closed sale of this loft on July 29 begins on June 6 at $1.3mm, with an apparent contrac

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why isn't a Tribeca premium renovation worth at least 250/ft?

Jul. 31, 2009

Categorized in: renovation opportunities + rewards

Tagged with: 1000ft, 1250ft, 2007, finishes, gut, renovation

You'd think that a stem-to-stern high quality renovation of a Manhattan loft would both (a) cost and (b) be worth at least $250/ft, wouldn't you? There is a loft in prime Tribeca that was gutted after being purchased in April 2007 right around $1,000/ft a

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if you don't build it will they come? buy + build opportunity

Jul. 27, 2009

Categorized in: renovation opportunities + rewards

Tagged with: 2008, 830ft, 900ft, comps, financing, gut, renovation

There's a Manhattan loft (fairly) newly for sale that caught my eye as a potential test of one of the limits that is more limiting in the current market than in prior markets: selling a space that will need substantial (if not gut) renovation. With mortga

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a tale of 2 Sohos, or 2 tales of Soho at $900/ft?

Apr. 15, 2009

Categorized in: Loft neighborhoods / SoHo

Tagged with: comps, gut, main street, renovation, west broadway

The Manhattan loft #5E at 362 West Broadway was marketed as a true project for real loft lovers ("original loft space"; "bring your architect"; "create your dream home") so you must assume that this "1,100 sq ft" space was not meant to be lived in (by the

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need renovation stories / a reader writes for help

Dec. 10, 2007

Categorized in: renovation opportunities + rewards

Tagged with: architect, budget, gut, renovation

A reader writes: could you tell me what range of cost I could expect to gut renovate a traditional Manhattan loft in Tribeca? Do you think it would be possible to do nicely (but once again, not extravagantly) for $150 / sq. ft. for a 1750 sq. ft. loft ($

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