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Manhattan Loft Guy

room or light? Tribeca or Chelsea? 2 lofts sold above ask at $2.645 million have different charms

Sep. 24, 2013
Categorized in: loft style
I had ticketed two contemporaneous Manhattan loft sales back when there was a summer in New York; now is a good time to check them out. The “1,789 sq ft” Manhattan loft on the 3rd floor of 56 Thomas Street and the “1,493 sq ft” Manhattan loft #12A

buyers with cold nerves sell 4 West 21 Street loft at 51% gain

Sep. 20, 2013
Let’s take another spin at a wheel I mentioned on Wednesday (September 18, masterpiece designed since 2009, 60 West 15 Street loft doubles in value) about the favorable resale position of 2013 sellers who bucked the trend in the overall Manhattan resid

Flower District mini-loft sells above ask but flat to 2007 at 131 West 28 Street

Aug. 15, 2013
I can never top Shark Week, but this is the third post in a row about a Manhattan loft that sold above asking price. In the other two posts (August 12, from raw to mints, 14 Jay Street loft doubles in value, and August 14, difficult penthouse loft sells a

not thawed in 2009, Lion's Head loft sells 9% over ask, 54% over 2006

Jul. 23, 2013
Yesterday I featured a Soho penthouse loft that did not sell under $4mm in 2009 (and 2010!) but recently sold for $5mm (July 22, no thaw was good news for (eventual) penthouse loft seller at 347 West Broadway). Today we make it an official Manhattan Loft

memory lane: from luxury jewelry to ladies underwear to a union bank to the inevitable condo

Jul. 7, 2013
Categorized in: change is a constant
In my July 7, 2006, dynamic city / time runs out on a stripped Tiffany’s, I reviewed the history and eventual denuding of a Tiffany’s flagship on Union Square. While I was right about the eventual outcome (in the Fourth Act, 140+ years down the line)

unsold 3 times at $1.795mm, 4 West 21 Street loft finally sells at $1.915mm

Jun. 20, 2013
Different day, same (similar) story as yesterday. The folks who just sold the “1,518 sq ft” Manhattan loft #3D at 4 West 21 Street in Flatiron for $1.915mm made sporadic efforts to sell for years, not succeeding at the same (lower) price three times.

112 Hudson Street loft zooms through market above ask

May. 29, 2013
I can’t tell from my notes and calendar why my buyer client around $1.5mm never got to see the “1,103 sq ft” Manhattan loft in prime Tribeca on the 4th floor at 112 Hudson Street, but the sellers didn’t miss us: the loft came to market on February

agent sells 15 Broad Street loft after 3 years with no discount

May. 21, 2013
It is easy to miss the punchline by looking at the Streeteasy history of the recently sold “2,028 sq ft” Manhattan loft #2014 at 15 Broad Street (Downtown by Starck), as StreetEasy shows a clean and brief recent history: to market January 23 at $1.775

260 Fifth Avenue loft missed opportunity to sell before world found out about nearby development

May. 15, 2013
You will often see a comment on Manhattan Loft Guy to the effect that a seller missed the best opportunity to sell (First Quarter 2008, aka The Peak) by being too aggressive in pricing, even for 2007, or by waiting too long in 2008 to come to market (ther

disappointed seller of 121 West 20 Street loft accepts 25% below first ask

May. 10, 2013
Facts are, of course, facts: the “1,875 sq ft” Manhattan loft #2A at 121 West 20 Street was sold on March 20 at $2.55mm by the guy who bought it 7 years later for $2.415mm. Dreams are different: back in the day he really wanted a 45% premium, but last

late original buyer at 415 Greenwich Street flips Tribeca Summit loft for fun and profit

May. 9, 2013
For people with an ‘investment’ approach to Manhattan residential real estate, this is how it’s done: buy at $3.35mm, sell 14 months later at $4.085mm. Everyone would do that if they could, of course; the trick (usually) is doing that first leg at a

Lion’s Head no bedroom mezzanine loft at 121 West 19 Street closes up $25,000 since 2008

Mar. 29, 2013
The recent sale of the “1,069 sq ft” Manhattan loft #4C at 121 West 19 Street (in the Lion’s Head Condominium) is yet another reminder that I should do a summary post collecting how well or poorly high ceilinged lofts with mezzanines have done in Th

love the neighbor on neighbor action, as expensive 55 Hudson Street loft wall should come down soon

Dec. 29, 2012
The folks who just bought the “1,000 sq ft” Manhattan loft #7C at 55 Hudson Street for $1.5mm live next door in #7D, which is why I expect the wall between these two lofts to come down soon. That nice round number purchase comes to $1,500/ft (d’oh),

233 West 26 Street loft closes up 13% over 2008 (!) but down 6% since 2006 (!!)

Nov. 19, 2012
The last three times the “1,450 sq ft” duplex Manhattan loft #1E at 233 West 26 Street sold, the clearing prices from bottom to top were $1.33mm, $1.25mm, and $1.11mm. The dates from old to new were January 18, 2006, March 13, 2008, and October 24, 20

130 Fulton Street loft sells 4% over 2007, but there’s a really big catch

Aug. 7, 2012
Readers who remember my September 27, 2011, is the Manhattan loft market back to (up to) 2007? 61 repeat sales say “probably”, “a bit” (one of my favorite posts of 2011), will hardly be surprised that the “1,853 sq ft” Manhattan loft #5A at 13

surprise: Jade loft re-sells +8% over 2007 purchase at 16 West 19 Street

Jun. 2, 2012
The “904 sq ft” Manhattan mini-loft #10C at 16 West 19 Street (Jade) just had a pretty successful resale, up 8.2% over the sponsor sale (with transfer fees) at the end of 2007. (Put aside for this discussion, please, that the recent seller paid nearly

Chelsea House loft re-seller takes 51 weeks to get 7.5% discount, closing pennies below 2007 purchase

May. 18, 2012
By the time the sellers of the “1,250 sq ft” Manhattan loft #9F at 130 West 19 Street (Chelsea House) blew out one candle, the loft had been in contract for 5 days, so the occasion was a happy one. Happier still, when the loft closed a month later, ta

130 Fulton Street loft with incomparable light comps out 3% above 2006 after 13 months of a boring price

May. 2, 2012
The last time I hit the near-Gehry Manhattan loft building 130 Fulton Street, I talked about a stubborn seller (in my August 11, 2011, stubborn seller of 130 Fulton Street loft takes 10% haircut). That July 2011 seller was a piker compared to the seller o

loft at 4 West 21 Street an outlier, closes 9% off 2006

Apr. 12, 2012
One of the major challenges with considering market values of Manhattan loft (whether you are an agent representing a seller, a buyer, or one of the many interested bystanders), is figuring out which sale prices are outliers, and in what ways. In the case

strong loft resale at Lion's Head is +8% over 2007 resale

Apr. 2, 2012
I last hit the Lion’s Head in my December 23, 2011, Lion's Head loft resale up a tad since 2006 at 121 West 19 Street, in which the title told that story. Today’s story is even better, for potential sellers there, at least, as the “1,134 sq ft” Ma

Manhattan Loft Guy

New York, New York

Sandy Mattingly is Manhattan Loft Guy; now with The Corcoran Group (http://corcoran.com/ ; but see the disclaimer at the bottom of the page), he can be reached most easily at Sandy@ManhattanLoftGuy.com or 917.902.2491, and followed on Twitter @ManhattnLoftGuy (note "mis-spelling"). After 7+ years, the blog has moved. Links here on RealTown will work for the foreseeable future, but new posts (and all the old content) has migrated to ManhattanLoftGuy.com.

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RE: jaw-dropping views provoke jaw-dropping price for 261 Broadway loft
Having lived in 261 from the beginning, I think th...
RE: difficult penthouse loft sells above ask at 399 Washington Street
Nice try hst, but they did all this on purpose. O...
RE: difficult penthouse loft sells above ask at 399 Washington Street
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