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

loft developer in default at 654 Broadway

Sep. 15, 2009

Categorized in: loft neighborhoods / NoHo

Tagged with: broadway, default, new development, real deal, renovation, retail

Not a pretty story reported in The Real Deal (last Friday, on line) about a Manhattan loft developer default, CIT Group sues for $12M at Noho condo site. I don't have a lot of any experience running numbers on a development project, but this seems like it

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2007 = 2009? Soho sellers hope so

Feb. 19, 2009

Categorized in: Market Trends

Tagged with: 000ft, 1, 2007, 750ft, no frills, retail

Soho loft sold in 2004 for $750/ft in 2004, then for $1,000/ft in a Manhattan heartbeat in 2007 (8 weeks from listing to closing; those were the days...) while in "triple mint" condition. It is hardly prime Soho (at least for residential loft living; I he

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the worm turns, as West Broadway now wishes it were more popular

Feb. 5, 2009

Categorized in: change is a constant

Tagged with: broadway, charm, crains, hamptons, jersey shore, meat packing, retail, west broadway, west village

I get it that some people find West Broadway in Soho circa 2008 charming, but that sentence made me laugh, ruefully. Back in the day (late 1970s, early 1980s) local residents and businesses liked being a ghost town (or even earlier, of course, before St.

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Manhattan Loft Guy

loft developer in default at 654 Broadway

2007 = 2009? Soho sellers hope so

the worm turns, as West Broadway now wishes it were more popular