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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

64 Grand Street closes UP 12% since 2006

Aug. 20, 2009
Categorized in: Loft neighborhoods / SoHo
One of these days I will do a long post about how The (overall) Market is made up of individual transactions that vary widely from The (overall) Market trend. But not today. Today the news is about a Manhattan loft that is anomalous only if your theory is

2005 + 10%? that might work

Aug. 9, 2009
Categorized in: Market Trends
Tagged with: 1000ft, 2005, 2007, prime, square, windows
There's a lovely square loft newly available for sale in a prime Manhattan loft area that is asking about 10% more than the clearing price when it sold in June 2005. I think this is likely to be close enough that The Marketwill reward it with an offer off

what a difference a year (and a view) makes, as 161 Grand Street closes

Jun. 29, 2009
Categorized in: loft neighborhoods / NoHo
The Manhattan loft #4B at 161 Grand Street closed last week for $1.71mm after a relatively brief (successful) campaign. This "1,831 sq ft" "beautiful and spacious" loft was marketed as being in "move-in" condition -- a relatively modest description for a

"absolute showplace" at 113 Greene Street in Soho goes for $918/ft (absolutely)

Jun. 16, 2009
Categorized in: Loft neighborhoods / SoHo
The Manhattan loft on the 4th floor of 113 Greene Street has sold twice in the last four years, in nice before-and-after fashion. Yes, "before" The Market changed (Lehman, AIG and all that other 'fundamental' stuff), but also "before" it got dressed up fr

price of 'museum quality' in Noho = $1,000/ft / 644 Broadway closes quickly

Apr. 27, 2009
Categorized in: loft neighborhoods / NoHo
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

more on agents behaving badly (or is that moron agents behaving as expected?)

Mar. 27, 2009
I just updated my ever-so-popular February 23 post, What's Wrong With These People? agents who speak out of their ... to reflect that the Manhattan loft in question has not sold (or entered into contract), but that the price has been cut 8%. It still has

gutting Broome Street for $160/ft

Mar. 20, 2009
Yesterday's New York Times On Location Home & Garden feature Bringing Light to a New York Loft profiled a Broome Street total renovation ("gutted to its floor joists and beams and totally rebuilt -- with plumbing, electricity and other systems"). The loft

2009 is 2007 (though with opposite trend lines), at least at 6 Varick

Mar. 6, 2009
Categorized in: Market Trends
Tagged with: 2007, classic, closed, sale, varick, windows
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

what's wrong with these people? agents who speak out of their ...

Feb. 23, 2009
I toured some Manhattan loft open houses yesterday with buyers, and saw some interesting lofts. The "highlight" of the tour was a visit to a loft with a terrific skeleton -- clearly a total gut renovation with a lot of potential (handsome building, high c

neighborly competition leads to neighborly mistakes? the laboratory at 24 East 22 Street

Nov. 30, 2008
Putting an apartment on the market at the same time as a neighbor's can strain relationships within a building. But I wonder about the degree to which competing listings can lead sellers to over-value their apartments. Let's get back to 24 East 22 Street

new at 222 Park Avenue South w windows everywhere

Mar. 3, 2008
Unit 10E at 222 Park Avenue South came to market this past weekend, a classic Manhattan loft in a long-established coop along a stretch of Park Avenue South that teems with new developments. Presented by Monica Ritterspoon of Corcoran, they are asking $3.

‘rare’ open house duel at 24 E 22 / fighting about windows

Feb. 9, 2008
BHS has been marketing the full floor loft 24 East 22 Street #5 since July as “rarely available”; that may have been true, but it is not so true since Corcoran brought the Manhattan loft below to market i2 months ago.

comping out is hard to do / new at 64 West 15 Street

Feb. 8, 2008
I will take William Grant and Russell Miller of BHS at their word at this point, that Manhattan loft #2W at 64 West 15 Street is an “airy loft [that] masterfully combines beautiful prewar details with today’s’ contemporary amenities”, as they prov

birthday shopping for 129 Duane for next week’s anniversary

Nov. 23, 2007
The Manhattan loft Unit 4T at 129 Duane Street is having one of the most unwanted events for a loft listing: a birthday next Tuesday. The loft was new to market on November 27, 2006 at $3.15mm and dropped to $2.795mm in January, $2.695mm in March, $2.495m

SoHo lofts under $1,000/ft at 514 Broadway (1 new, 1 still)

Aug. 6, 2007
Categorized in: Loft neighborhoods / SoHo
#5G is new – “1,300 sq ft” for $1.299mm Unit 5G at 514 Broadway is new and about as “SoHo” as Soho gets - for Broadway – between Broome and Spring Streets. (In... [Read More]

betwixt and between / new at 116 W 14 St

Jul. 22, 2007
Categorized in: On The Market
calm in the center of it all? #7N at 116 West 14 Street is new this weekend, with the first showing next Sunday, July 29. With low monthly charges and taxes ($1,517/mo) for “2,000 sq ft&rdqu... [Read More]

avoiding the anniversary sale at 514 Broadway new price for 3H

Jul. 12, 2007
Categorized in: Loft neighborhoods / SoHo
why the market diss? Unless it sells by Labor Day, #3H at 514 Broadway will be entitled to a cake with one candle on it. Since the September 2006 price of $2.3mm, this “2,100 sq ft” 1... [Read More]

the Tao of Lofts / essential features

Aug. 30, 2006
Categorized in: what makes a loft a "loft"
There must be many opinions on what makes a Manhattan loft a “loft”, or where the line is between merely “loft-like” and a “true” loft. I know this because I see many listings for “lofts” that – to me – are not lofts at all, but “apa