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Manhattan Loft Guy

56 Warren Street loft renovation added more value than it cost

Sep. 17, 2013
I am not unusual in always being interested in the impact that renovation has on value; most people who try to follow a residential real estate niche share that interest. I flatter my niche, perhaps, in thinking that this is a much more complicated topic

truly a fast sale, as 60 Beach Street loft cashes out 24 days after listing

Aug. 30, 2013
Some fascinating things about the recent sale of the “2,569 sq ft” Manhattan loft #3B at 60 Beach Street just to the left of the Holland Tunnel spillways in Tribeca: as in the headline, the whole darn thing took 24 days (to market on July 13, in contr

quick flip of 52 Thomas Street loft is breathtakingly irrational

Aug. 29, 2013
Sometimes things make so little sense that all one can do is note the facts and move on. I really wish I had something sensible to say about the recent sales history of the “1,967 sq ft” Manhattan loft #4D at 52 Thomas Street, but …. [crickets]. I c

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

176 Broadway loft finally sells (at $556/ft!)

Aug. 1, 2013
I know of no downtown Manhattan loft building that The Market treats the way it does 176 Broadway. There remains a mystery (to me*) legacy that causes things like this to happen: the “1,906 sq ft” Manhattan loft #8D at 176 Broadway just sold for $1.06

255 Hudson Street loft sells 19% below 2007, after 15 months, 9 prices

Jul. 26, 2013
Categorized in: Loft neighborhoods / SoHo
Ever get tired of reading about how hot hot hot The Market is? I don’t, but the recent sale of the “1,684 sq ft” Manhattan loft #6A at 255 Hudson Street in “Soho” (I’ve expressed my preference that this little corner be dubbed The Greater Ear

is the hyper-local Manhattan loft market at 80 John Street up more than 5% in a year?

Jul. 25, 2013
After looking twice this week at Manhattan lofts that sold high recently after not selling in 2009, the recent sale of the “875 sq ft” mini-loft #14A at 80 John Street (the troubled South Star) presents a slightly different wrinkle. Loft #14A just sol

142 West 26 Street loft epitomizes "loft", also "bidding war"

Jun. 17, 2013
If you took a too-quick look at the New York Post’s Just Sold! feature last Thursday, you saw the (yes!) recently sold “1,700 sq ft” Manhattan loft #12B at 142 West 26 Street at kind of a funny number ($2.253mm). The possibly too-quick bit was the s

another irrational sales sequence, as 250 Mercer Street mini-loft sells up over 2011 ...

Jun. 6, 2013
It is a truism that individual sales don’t have to makes sense, even in the rational market of lore and legend. Nor do sequences of sales of individual Manhattan lofts, as like Bogey & Bergman we’ll always have outliers. Yet this sequence of sales of

Jade loft pod at 16 West 19 Street implies market is up 33% since 2010

May. 23, 2013
This math is true: the “902 sq ft” mini-loft with a pod #5C at 16 West 19 Street (Jade) recently sold for $1.2mm after not selling after having been offered for sale for 7 months in 2010 at prices that dropped down to $899,000. That last price was ava

85 Leonard Street loft doesn't quite zoom, but sells above ask

May. 2, 2013
The “2,434 sq ft” Manhattan loft on the 4th floor at 85 Leonard Street (the condo name, Kitchen, Montross & Wilcox Store, is a mouthful, explained below) enjoyed an enviable but hardly unique experience of selling above ask this month, though it did t

not a seller’s market at 100 Greene Street, as loft sells under 2007 and 2005

Apr. 26, 2013
Categorized in: Loft neighborhoods / SoHo
I don’t get this one: the same “2,000 sq ft” Manhattan loft in very prime Soho on the 2nd floor of 100 Greene Street that sold for $2.5mm in May 2005 and for $2.633mm in November 2007 just sold again in the same well-dressed condition for $2.425mm.

400 shoes that used to live in 12 East 12 Street loft need a new home, carry big profit

Apr. 22, 2013
If you are a fan of well designed small lofts and a reader of Manhattan Loft Guy, you will remember the post I did about the tiny (“840 sq ft”) renovated loft with lots of shoes at 12 East 12 Street (November 7, 2010, another loft in New York Times, a

5 years later, small loft at 261 Broadway sells (angels rejoice)

Apr. 19, 2013
One problem with doing daily blog posts about closed Manhattan loft sales is that one post can get eclipsed by another; what seems like an unusual specimen one day can diminish the next. If you remember that yesterday's post was about a loft that took the

115 Mercer Street loft could not sell in 2010, sells 16% higher

Mar. 28, 2013
Categorized in: Loft neighborhoods / SoHo
It is no longer unusual to see this kind of history, but I remain fond of individual lofts that show in hard data how at least their hyper-local market has changed since 2010. In the case of the “1,998 sq ft” Manhattan loft #2B at 115 Mercer Street, t

Julliard loft at 18 Leonard Street sells up 6% since 2007 (meh!)

Feb. 20, 2013
Lofts that sold in the second quarter of 2007 were definitely within the froth that characterized the overall Manhattan residential real estate market leading up to The Peak of sales recorded in the first quarter of 2008. So the recent sellers of the “2

if robust, The Market will fix a too-low price (at least, it did, at 124 West 24 Street)

Jan. 28, 2013
The seller of the “1,097 sq ft” Manhattan loft #5A at 124 West 24 Street was motivated, and successful. He brought the 2007 era newly converted loft to market on August 23, found a buyer who signed a contract by October 6, and closed on December 31. A

another picture of the trough, as 92 Chambers Street loft sells up 37% over 2009

Jan. 26, 2013
I am going to try not to get too distracted by the new development sale in 2007 of the “1,353 sq ft” Manhattan loft on the 2nd floor at 92 Chambers Street, as I don’t know in what condition it was then sold for $992,794. Instead, I am intrigued by t

the baths get a little crowded, as another South Star loft at 80 John Street clears below sponsor sale

Jan. 8, 2013
When I tweeted yesterday (@ManhattnLoftGuy, of course) about The Real Deal’s article about a relatively new condo suing its developer, I knew I had recently looked at past sales data in that building and noticed an unfortunate trend. But (so many lofts

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),

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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Recent Comments

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
Are you sure that they built this floorplan out fr...
RE: a forgotten OYAToMLG about agent doubletalk
As you know, the chord you strike on this issue is...

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