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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

they gave the roof away to close the 158 West 23 Street penthouse

Aug. 3, 2009
The Manhattan loft conversion at 158 West 23 Street started marketing in mid-2007, offering floor-through lofts of "1,865 sq ft" that were offered as open spaces with full kitchens and (usually) (only) 1.5 baths. I.e., not exactly white boxes, but with sp

"gotta sell" at 315 West 36 Street, so dropped 40% -- and sold

Jun. 23, 2009
The Manhattan loft #12C at 315 West 36 Street was marketed with some urgency, some big price drops, and all caps (I have taken that annoying formatting off): "major price drop, must sell immediately!!!". Darned if they didn't do it (not "immediately", but

biting a big bullet in little pieces / 9 Murray closes off 40%

Jun. 22, 2009
The Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in five weeks (and to $1,799,999 -- just for fu

drip, drip, drip in Tribeca / the sound of price dropping (bird NOT chirping?)

Jan. 6, 2009
Categorized in: Market Trends
Granted, the seller was wrong about The Manhattan Loft Market when the listing was new -- by at least $200/ft, nearly 20%. But if this relatively fresh condo loft (with a lovely description and decent address) continues to sit, the seller's patience will

11 West 20 Street #2 closes / did they get THAT??

Jun. 20, 2008
Today's new inter-firm list of Sold & Closed includes the Manhattan loft on the 2d floor at 11 West 20 Street, which is interesting (to me, at least) for a few reasons: (a) it can be either commercial or (when "re-zoned as of right") residential, (b) it s

real price drop at 112 W 18 but still a real project

Jan. 4, 2008
The key to whether the Manhattan loft at 112 West 18 Street makes sense near this price point as a renovation project will be whether there are hidden (so far) issues with a renovation. Are there other risers? Does the whole place have to be re-wired? But

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

open house Sunday smorgasbord / the chateaubriand set

Aug. 10, 2007
Categorized in: open houses
(remember to check the agent websites Sunday morning to see if open house is still on) 11 Vestry #PH $4.6mm and $2,685/mo (condo) for 3,300 triplexed space w 2 terraces (one 750 sq ft) On the... [Read More]

can a white box feel pain? – at 137 Duane (big price drop) it might

Aug. 6, 2007
When I reviewed #4E at 137 Duane Street in a June 28 open house review (bring architect +/or vision to open houses Sunday July 1) I wondered whether the sponsor was (a) stubborn or (b) negotiable.... [Read More]

price slashed at 80 Greene / addition by subtraction planned or happenstance?

Jul. 5, 2007
Categorized in: Loft neighborhoods / SoHo
$750k drop got my attention, but… No matter the asking price, any price change of $750k will catch my eye. In the case of the 2d floor full floor loft at 80 Greene St offered by Gary Kabol... [Read More]

white box special – another contract at 186 Fifth

Jul. 1, 2007
limited market for Do It Yourselfers?? Unit 5 at 186 Fifth Avenue went into contract last week off an asking price of $2.418mm ($3,207/mo in taxes and common charges) for “2,418 sq ft”... [Read More]

not quite a return to the white box offering / 161 Hudson loft owner will build-to-suit

Jan. 31, 2007
Categorized in: On The Market
how many would buy what they can’t see? There was a time when many Manhattan loft buyers had the time, patience, resources and expertise to buy raw, primitive, blank or “white” s... [Read More]