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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

big loft, big roof / 43 East 19 Street penthouse closes under $4mm for (maybe) 4,100 sq ft + 2,050 sq ft terrace

Jul. 26, 2009
The Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq ft"). The listing description emphasizes volume over finishes, while noting "wonderful original detail

more unintended consequences in petri dish of Tribeca neighbors

Dec. 12, 2008
If I am the sellers of Loft 1 (priced only $30/ft below a neighbor with a terrace) or Loft 3 (priced $100/ft below a neighbor with a terrace) I would be worried that my listing will help sell Loft 4 to anyone who (all other things being equal) would prefe

head-scratching over $650/ft and outdoor space

Jun. 26, 2008
Categorized in: pricing analysis
Real 2 bedroom loft space with real outdoor space at $650/ft seems a (real?) Manhattan loft deal.

penthouse at 150 Chambers is new + outdoorsy

Feb. 13, 2008
The Manhattan loft 150 Chambers Street Penthouse W is priced as though Penthouse E at $1.685mm one year ago was the anomalous price, rather than #4E 2.5 years ago at $1.61mm. We’ll see what The Market thinks….

sweeping the new at 477 Broome + 458 Broome + 354 Broome Street

Feb. 2, 2008
Categorized in: Loft neighborhoods / SoHo
There are 3 new Manhattan loft listings on Broome Street, from Greene to Elizabeth, 2 at $3.495mm (coincidence?), 1 at $2.2mm. Two feature multi-level space; two feature outdoor space; two feature three mints worth of renovation.

new at River Lofts / 416 Washington with street views

Jan. 24, 2008
Unit 2H at 416 Washington Street is new to the Manhattan loft market today, asking $2.995mm and $1,559/mo (condo; abated) for “1,676 sq ft” in the River Lofts. This is a 2003 conversion that has ‘uptown’ amenities (doorman, garage, ‘state of the

new at 347 W 39 / confidence abounds, with terraces

Jan. 14, 2008
Scott Hustis and Mark Jovanovic of Corcoran [say “this will sell quickly”] about Manhattan loft #13N at 347 West 39 Street. They are asking $1.375mm and $1,480/mo for “1,300 sq ft” that has 3 exposures, 2 terraces, but no floor plan (yet?). No pic

716 Broadway has another birthday loft

Jan. 11, 2008
Categorized in: loft neighborhoods / NoHo
Short story is that neither the 2d floor Manhattan loft at 716 Broadway nor the 2d floor loft at 710 Broadway has sold, after long marketing, in a market that was notoriously active. Perhaps they are waiting for The Market tide to float them off the rocks

6 Sunday open houses new to market since Thanksgiving

Jan. 4, 2008
Categorized in: open houses
Manhattan loft open houses at 448 West 37 Street, 348 West 36 Street, 130 West 30 Street, 24 East 22 Street, 17 White Street, 156 Franklin Street

4 Sunday Open Houses around $1.5mm

Dec. 8, 2007
Categorized in: open houses
Sunday open houses at Manhattan lofts priced around $1.5mm at 22 East 22 Street, 1200 Broadway, 112 West 18 Street, and 179 Grand Street

38 Warren finds agent + contract

Nov. 28, 2007
The Manhattan loft 8A at 38 Warren Street (The Keystone Building) is in contract as of this week, after only 4 weeks of marketing by Paddington Zwigard and Beth Hirsch of BHS. They were asking $1.55mm and $1,393/mo (condo) for “1,248 sq ft” and I hit

it can be HARD to determine value / 12 E 14 drops again

Nov. 7, 2007
The Manhattan loft for sale at 12 East 14 Street #5A has a short, choppy and tortured price history. Has it dropped enough to find The Market?

the Tribeca premium, anticipated / a tale of 2 lofts

Oct. 22, 2007
Categorized in: pricing analysis
Manhattan lofts for sale at 39 Worth Street and 34 East 30 Street reflect the neigborhood premium for Tribeca lofts.

quick one at 321 W 13 / well-priced lofts sell quickly (still)

Oct. 9, 2007
new Manhattan loft for sale at 321 West 13 Street went into contract very quickly.

serenity has its price / 270 W 19 St in contract

Oct. 7, 2007
Marketing a loft is all about attracting the right buyers with the right set of expectations, then meeting those expectations. “Sun-drenched” better be bright; “classic” loft better have character; “soaring” ceilings better not be 10 feet, etc. Since not all lofts are created equal, some indication of how this one is different is a very good thing.

strolling Broadway / open house review from 4th to 11th

Oct. 6, 2007
Categorized in: open houses
(remember to check the agent websites Sunday morning to see if open house is still on) 710 Broadway #2 $2.295mm and $2,070/mo for "2,450 sq ft" and a long history (on the ma... [Read More]

West 19 St open house review

Sep. 27, 2007
(remember to check the agent websites Sunday morning to see if open house is still on) 270 West 19 Street #4B $1.525mm and $820/mo (condo) for -- as I said in a September... [Read More]

open house review across 17 Street

Sep. 27, 2007
You can walk from Eighth Avenue past Third Avenue on Sunday and see a wide range of Manhattan lofts (and 'loft-like' properties).

hope falls eternal? 716 Bway is back

Sep. 19, 2007
Categorized in: loft neighborhoods / NoHo
seasonality is so macro I am not a big believer in the common acceptance that seasonal tides are especially important in the Manhattan market, as the micro needs of Seller A or Buyer B are much mo... [Read More]