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

the problem of price discovery (hint: you have to pay attention)

Apr. 11, 2009

Categorized in: pricing analysis

Tagged with: 1000ft, competition, neighbor, price discovery, push

I've been mulling a long-ish post on price discovery for quite a while (not writing it, obviously; just mulling). Pulling together some interesting riffs by other bloggers and news articles and market activity (and market inactivity), all in service of th

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2 closings at 36 West 15 Street / one was pushing it

Mar. 12, 2009

Categorized in: Loft neighborhoods / Chelsea

Tagged with: 2006, closed, empire state, exposures, met life, push, renovation, sale, views, west 15

This loft was described much more enthusiastically (with more details) than the 6th floor, plus it has many, many more windows (4 exposures) with Empire State and Met Life views -- usually premium items for a Manhattan loft. (StreetEasy has part of the li

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pushed it just enough for contract, eventually

Feb. 6, 2009

Categorized in: Market Trends

Tagged with: 1, 600ft, 700ft, amenities, contract, highend, push

Remember: that last sale was at a slightly higher price-per-foot than this one started at, and sold quickly at (essentially) full ask. Need further proof that the Winter 2009 Manhattan loft market is different from the Spring 2008 market? I will keep an e

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set price off low comp or high comp? too pushy (or not) in Tribeca gets neighborly

Jan. 8, 2009

Categorized in: Loft neighborhoods / Tribeca

Tagged with: 2007, comps, push, tribeca

Fascinating new listing for a Tribeca loft in a fairly recent high-end Manhattan loft conversion. They are asking above $1,250/ft for space that sold in the conversion at around $850/ft, probably with many of the same proper proper names (and other indici

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VERY pushy way to (try to) flip a big loft

Dec. 19, 2008

Categorized in: Market Trends

Tagged with: 1, 500ft, 750ft, flip, push, renovation

There's a small Manhattan loft condo conversion from last year in which the large full-floor lofts went for about $750/ft (it is not in a traditional loft [fashionable] neighborhood). They had classic loft features and finishes that were more high-end tha

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