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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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Aug. 23, 2009
It has been quite a while since I posted loft-closings-in-last-30-days, but I have not stopped keeping track of Manhattan residential lofts as they close. While there are many limitations in the data (discussed below), the collection is worthwhile enough
Apr. 27, 2009
In the (entirely fictional) Manual of Style for real estate agents, the phrase "museum quality" is used because (I guess) "quadruple mint" just does not zing. (The fact that few people actually want to live in a museum may mean it is used ironically, but
Mar. 12, 2009
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
Mar. 8, 2009
Categorized in: Market Trends
The Manhattan loft #4H at 416 Washington Street (River Lofts) closed last week, with the price to be announced when it hits the public data base. So this is the second post teasing about this loft in Tribeca's great northwest.
Mar. 7, 2009
For the 30 days prior to February 11, 2009 our inter-firm data base reported as Sold and Closed Manhattan "lofts" 13 resales and 21 developer/sponsor sales in new developments, compared to the 22 and 28 reported in January, and the 24 and 19 reported in D
Mar. 6, 2009
Categorized in: Market Trends
Transaction costs aside, these January-2007-buyers-turned-February-2009-sellers realized $10,000. More impersonally, their experience suggests that The Manhattan Loft Market in this very specific micro-neighborhood in Tribeca is roughly flat from 1Q07 to
Feb. 20, 2009
Categorized in: Market Trends
I see that I am becoming somewhat fixated on the calendar -- in how This Year's Market compares to some prior year's market conditions. I am probably not alone in that regard. Maybe this should be called the What Year Is It? Manhattan Loft Guy thread....
Dec. 26, 2008
I realized when I did my post of 30 days of actual loft sales on December 18 that 15 East 26 Street (15 Madison Square North) was a very successful new Manhattan loft development, with many contracts signed quickly in 2006, some of which are just closing
Dec. 18, 2008
A week ago I set up a spreadsheet on Google Docs as a way to retain and order data that I look at periodically -- namely, recent actual sales of Manhattan lofts. Since then I have been toying with how to share it with MLG readers in a way that will be bot
Dec. 11, 2008
The smaller Manhattan loft is priced 7% above its 2005 clearing price; the larger unit 14% above its 2006 trading level. I'd say one is closer to The Market than the other, but what will Goldilocks say?
Dec. 10, 2008
Categorized in: Market Trends
When I looked at the listing history of a (rare) West Village loft new to the Manhattan loft market this week, I thought they were likely to be pushing it at around $1,350/ft, considering it had been listed 2 years ago around $1,200/ft.
Dec. 9, 2008
Categorized in: Market Trends
If you had an East Village loft to sell (and if you really wanted to sell), and if a raving "triple mint!!!" Manhattan loft had sold in the building in the last few months at about $1,100/ft, would you price your loft above or below the triple-mint-with-e
Dec. 6, 2008
Categorized in: Market Trends
This post started out being about the recent sale of a Chelsea loft, but it got more interesting (and April 9 complicated) because the same unit on a lower floor is also for sale. I can appreciate that sellers don't want to lower prices more than they hav
Dec. 4, 2008
The NY Post Just Sold feature today has some of the basic info about a Manhattan loft in pretty prime Tribeca that was converted in 2002 (a relatively high level of building amenities) ... What the Post does not say (does not know) is that this listing (#
Oct. 24, 2008
While these two sales are not exactly comparable, they are awfully close. They would appeal to different Manhattan loft buyers because the second floor unit is said to be 500 sq ft larger, but in both cases most buyers would expect to put in money to upda
Oct. 9, 2008
The real news here is that the Manhattan loft Unit 2A at The Atalanta, 25 N. Moore Street, closed with a deed filed on September 8. ...Considering that the September 2008 seller at $3.1mm bought in September 2006 for $2.3mm, I'd say that is a pretty sweet
Jun. 14, 2008
Unlike the Times, the NY Post's weekly feature Just Sold does claim to be about "recent" Manhattan sales, and the report from June 12 includes a loft at The Petersfield, 115 Fourth Avenue, that closed with a deed filed May 1 -- that's pretty "recent", and
Apr. 18, 2008
The combo loft at #11CDE 244 Madison Avenue joined 3 units but only got "1,650 sq ft" out of it. Better, they got a contract within 3 weeks of coming to market in January and have just closed.
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