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Manhattan Loft Guy

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Manhattan Loft Guy

161 Hudson Street closed after 14 weeks, up 33% (since 2004)

Aug. 17, 2009
Tagged with: 1000ft, 1100ft, 2004, 2007, club, hudson, music, wetlands
The Manhattan loft #2B at 161 Hudson Street had a pretty good run through the 2009 market, starting at $2.7mm in March, dropping twice in April (to $2.5mm) and closing June 30 at $2.41mm. That quick history shows that they really wanted to sell, and had a

4 months to close, 4 years to zero out at 260 West Broadway

Jun. 5, 2009
The Manhattan loft #5G at 260 West Broadway (the American Thread Building) slid through The Market this year, starting on January 8 and finishing on May 6. (Not as fast as the ten week close at 155 Hudson Street that I hit on May 28, but almost as quick a

644 Broadway loved that first bidder: sells within 15 weeks, contract in 6, 1 price, 14% discount

May. 29, 2009
Categorized in: Psychology of the market
Agents often tell sellers "your first buyer may be your best" -- I certainly have told Manhattan loft sellers that. It is one of those pieces of accepted wisdom (at least among agents) that seems to me both valid and impossible to prove. (We are never lik

how to get cash in 10 weeks / negotiating to close at 155 Hudson Street

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

Saturday diversion / Tamarind in Tribeca

May. 2, 2009
nothing to do with Manhattan lofts, per se If you like Indian food as much as I do, you've probably been to Salaam Bombay at 319 Greenwich Street in Tribeca and to Tamarind at 41 East 22 Street in Flatiron. And you will be pleased to know that Tamarind i

getting pushy but getting it / 90 Hudson exceeds $1,200/ft

Jan. 2, 2009
The Manhattan loft #5B at 90 Hudson Street was certainly pushing the envelope when it came to market in September 2007 at $1.495mm (we know this because it did not sell). That ask was roughly $1,500/ft in a no-frills-mature Tribeca coop, but the sellers w

what a difference $675k makes / 1 Hudson Street closes

Aug. 8, 2008
After dropping the price in February to $2.8mm, the 10th floor Manhattan loft sellers at 1 Hudson Street may have gotten a jolt when their 6th floor neighbors put their loft for sale at $2.75mm on March 14 and then dropped their price to $2.5mm by April 9

drip drip / price drops at 124 Hudson + 684 Broadway to and from $3.05mm

Mar. 19, 2008
Categorized in: pricing analysis
Tagged with: broadway, hudson, price drops
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]

124 Hudson is new + terraced

Feb. 27, 2008
Tagged with: 911, family, garden, hudson, penthouse, terrace
The Manhattan loft 124 Hudson Street #4A is new to market this week, asking $3.495mm and $2,626/mo (condo; taxes abated?) for "2,473 sq ft" of nearly square space with the master and living room looking over Hudson Street and the 2 other bedrooms (and "1

new at 16 Hudson / once more into the breach (but higher)

Feb. 21, 2008
#4B at 16 Hudson Street is new to the Manhattan loft market today, at a rather different price point (and condition?) than other units in the building I have discussed. This one is smaller than the other two units, at “1,500 sq ft” but has a north ori

not lofty enough in Manhattan, smiling at Manhattan from DUMBO

Jan. 20, 2008
Artist looks for Manhattan loft but ends up in DUMBO Brooklyn.

tales of Olde Tribeca / 1980s nastiness at 151 Hudson Street

Jan. 3, 2008
Tagged with: clubs, history, hudson, llc, loft board
New York City Loft Board proceedings from the 1980s reflect the wild west origins of "Tribeca" as a Manhattan loft enclave.

raise, drop (rinse), repeat / loft pricing theory, explored

Dec. 4, 2007
Categorized in: pricing analysis
When I talked about death-by-small-increments (above) I was thinking about the seller (and agent) being motivated to drop the price meaningfully motivate buyers to think now is the right price, while running the foot-shooting risk that buyers will instead

more appreciating appreciation / 156 Franklin is new (improved)

Dec. 3, 2007
The Manhattan loft on the 5th floor at 156 Franklin Street is on the market as of this past weekend, asking $2.195mm and $1,700/mo for “1,700 sq ft” that is “newly renovated”. Clearly, the loft has been renovated since the current owners bought it

NY Post does a Just Sold at 395 Broadway

Nov. 29, 2007
Tagged with: broadway, comps, contract, hudson, ny post
Following up on the #3A / #3C paid at 16 Hudson Street, the NY Post today provides the opportunity to look at the Manhttan lofts #6C and #13E at 395 Broadway.

16 Hudson contract / 3A beats 3C?

Nov. 29, 2007
Tagged with: bogardus, comps, contract, hudson
If the #3A at 16 Hudson Street Manhattan loft sellers did not know #3C's contract price when they came to market in early September for $2.495mm, they should have found out soon after the September 18 closing. Then it was four weeks before they dropped th

predicting next price drop at 135 Hudson Street

Nov. 20, 2007
The Manhattan loft #6F at 135 Hudson Street has been on the market since July 2006. It is said to be “1,400 sq ft” with tongue and groove original pine flooring and hints of work to be done (“current configuration is as an open space with three slee

5 Sunday Open Houses from $3.1 to $3.5mm

Nov. 15, 2007
Categorized in: open houses
There are open houses Sunday for Manhattan lofts for sale from $3.1mm to $3.5mm at 1 Hudson Street, 684 Broadway, 66 Ninth Avenue, 9 Murray Street, 57 Bond Street

7 Sunday Open Houses from $2.5 to $2.35

Nov. 10, 2007
Categorized in: open houses
Open houses at Manhattan lofts for sale at 129 Duane Street, 16 Hudson Street, 252 Seventh Avenue, 13 Jay Street, 251 West 19 Street, 73 Worth Street, 93 Mercer Street

7 Sunday Open Houses at $2.9x

Nov. 9, 2007
Categorized in: open houses
Manhattan lofts for sale with open houses at 225 Lafayette Street, 115 Mercer Street, 60 West 15 Street, 181 Hudson Street, 152 Wooster Street, 260 Park Avenue South and 24 East 20 Street