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Manhattan Loft Guy

New York, New York

Sandy Mattingly is Manhattan Loft Guy; now with The Corcoran Group, he can be reached most easily at Sandy@ManhattanLoftGuy.com or 917.902.2491. Since March 2006, this blog has addressed matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others interested in New York City real estate.

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Manhattan Loft Guy

developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street

Jun. 20, 2009
Categorized in: Market Trends
In looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In one case*, it is the first closing in the building; in the o

Oculus squints just a bit to get it at 50 West 15 Street

Jan. 15, 2009
A 5% discount from list price suggests the developer made other concessions, and that this #2D buyer and the buyer for #4D signed contract under different market conditions than the buyers of #3D, #6D and #7D