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

889 Broadway newly in contract

Aug. 31, 2007

Categorized in: Loft neighborhoods / Flatiron

Tagged with: broadway, contract, gorham, irs

The Gorham Silver building at 889 Broadway is one of the most handsome loft buildings in Flatiron. Unit 3A came to market in April at $2.85mm and is newly in contract off a price of $2.75mm as of ye... [Read More]

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recycling week / that pesky 80/20 rule for coops

Jun. 11, 2007

Categorized in: Manhattan real estate business

Tagged with: 8020, irs

(I am still in France; you are still in Manhattan Loft Guy's week of recycling.) I find myself frequently referring to this one from January 16 (IRS rules for coops / beware the 80/20 rule), as I... [Read More]

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3,600 sq ft of �warm + cozy� (?) goes to contract at 129 W 22

May. 30, 2007

Categorized in: Loft neighborhoods / Chelsea

Tagged with: 129 w 22, 8020 rule, irs

Chelsea loft at $920/ft lasts 3 months Couple of puzzles about the 2d floor at 129 West 22 St, which went into contract this week off an asking price of $2.995mm ($3,000/mo maintenance): (1) how i... [Read More]

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177 Duane �will not last� but it has! 6E + 3E still for sale

May. 15, 2007

Categorized in: Loft neighborhoods / Tribeca

Tagged with: 177 duane, bhs, corcoran, irs, square feet

I don’t know that it helps a listing sell if the agent says something like “hurry, hurry, hurry, this hot one won’t last” – not my style -- but you see it often enough... [Read More]

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IRS rules for coops � beware the 80/20 rule

Jan. 16, 2007

Categorized in: economic "analysis"

Tagged with: 458 broadway, 476 broadway, 55 greene, 652 broadway, 8020 rule, curbed, irs, ny times

what does happen if a “coop” has too much income? I did a post in early December about pricing at 55 Greene St that got picked up on Curbed.com (On the Proper Pricing of Manhattan Apar... [Read More]

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