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Manhattan Loft Guy

flipping the dark bedrooms earns 100 Hudson Street loft 20% premium over (near) Peak

Sep. 12, 2013
The “1,025 sq ft” Manhattan loft #3A at 100 Hudson Street that just sold for $1.535mm with some “customized elements” looks a lot like the loft when it sold in June 2008 for $1.283mm with very enthusiastic broker babbling about the kitchen and the

TYAToMLG: a great counter counts summer contracts + listings

Sep. 7, 2013
Categorized in: Market Trends
On Thursday I used The Miller’s new way of cutting the 20-year Manhattan residential real estate market into 8 eras in service of a post about a particular Tribeca loft with a long history of its own (September 5, 90 Franklin Street loft history more li

did 48 Bond Street loft developer leave money on the table in 2008?

Aug. 27, 2013
Categorized in: loft neighborhoods / NoHo
Let’s stick on one of the shortest and most dynamic downtown Manhattan loft streets, and complement the unusually low sale of a 1980s residential loft coop conversion I hit yesterday at 20 Bond Street (August 26, with too many walls, 20 Bond Street lof

original condition loft at 1 Hudson Street goes well above ask

Aug. 21, 2013
Stop me if you've heard this before: a Manhattan loft that needs pretty much everything sails through the market above ask. That's the story with the "2,000 sq ft" Manhattan loft on the 8th floor at 1 Hudson Street, which came out on March 8 at $2.198mm,

oh dear! 292 Lafayette Street loft goes to war, slays famous neighbors

Aug. 16, 2013
Categorized in: Loft neighborhoods / SoHo
The last time we visited 292 Lafayette Street together there was a somewhat primitive loft with somewhat famous sellers that sold at $1,033/ft. Today's visit is occasioned by the "1,600 sq ft" Manhattan loft #2E at 292 Lafayette Street, which sold on July

memory lane: defining "loft" and the 2009 market

Jul. 10, 2013
Categorized in: what makes a loft a "loft"
Today’s a two-fer because once I got into the Manhattan Loft Guy archives it was hard to make some choices as to which post from a date with many posts over 7 years to highlight. Today you get my July 10, 2008, loft or not? caution: active ranting ahead

103 Greene Street penthouse loft takes a (near) million dollar hit to sell below 2008

Jun. 27, 2013
Categorized in: Loft neighborhoods / SoHo
They had a little trouble selling the “2,474 sq ft” penthouse Manhattan loft #7A at 103 Greene Street back in the day, as the near-Peak campaign took 4 months and a big price drop to get to contract 15% off the original ask; but those buyers in 2008 n

9 Murray Street loft takes 5 months, 3 prices to sell

May. 31, 2013
My last 3 substantive (loft-y) posts involved lofts that sold quickly with strong prices. Of course, they fit the current conventional wisdom about the market. But not all lofts are above average, to go Keillor on ya. Since you’ve read the headline, you

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

99 John Street loft sale is the very picture of motivation in a difficult environment

Mar. 15, 2013
I find listing histories like that of the “677 sq ft” Manhattan mini-loft #1704 at 99 John Street (99 John Deco Lofts) fascinating. Sometimes a listing history reveals patience (which can border on stubbornness); sometimes hubris (or its opposite, mod

caution: use 75 Ludlow Street loft sale as a comp at your own risk

Feb. 9, 2013
Technically, there has been a single resale at this 2008 new development, with the “1,646 sq ft” Manhattan loft #4A at 75 Ludlow Street having sold last month for $1.6mm. The prior sales here were by the sponsor, with the last one completed in the tou

106 Duane Street loft sellers built a beauty then aimed at the moon (fell more than 200,000 miles short, alas)

Feb. 6, 2013
It is hard to imagine how disappointing it must be to renovate a loft beautifully, then find that The Market just doesn’t get it. I present for our consideration (and empathy) the “1,766 sq ft” Manhattan loft on the 2nd floor at 106 Duane Street, wh

Gansevoort loft at 321 West 13 Street sells for a very high price, but not a record (alas)

Jan. 7, 2013
Whether driven by fear of the 2013 tax man or just by a collection of macro economic factors (ha! January 4, in which Manhattan Loft Guy bravely calls BS on the Market Trend Meme Of The Day) the Fourth Quarter of 2012 was filled with sales (volume, I mean

again running with the bulls at 48 Bond Street, up 18% over 2008 this time

Nov. 28, 2012
Categorized in: loft neighborhoods / NoHo
Of course we have been on Bond Street before, talking about how that small stretch of Noho has taken off after just two new residential loft uber-condo developments (starting with my November 1, 2007, re-setting values at 57 Bond / there goes the neighbor

man takes small nip at big dog: 48 Bond Street loft resells 41% above 2008

Nov. 21, 2012
Categorized in: loft neighborhoods / NoHo
The last few resales at the Deborah Berke designed oh-so-successful 2008 new development 48 Bond Street have been above their 2008 prices, so it is not is so unusual that the “1,551 sq ft” Manhattan loft #2B (with “1,000 sq ft” terrace!) resold ab

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

resale at The Cammeyer is up 5% over 2008, but at a cost

Oct. 2, 2012
The Manhattan residential loft conversion at 650 Sixth Avenue (on the Flatiron side of the old Ladies Mile) has been such a bumpy condominium that the sponsor is still selling units, 4 ½ years after the first sponsor sales. The “1,063 sq ft” unit #3G

neighbor bails out neighbor at 52 West 22 Street in first resale at Paper Factory lofts

Oct. 1, 2012
It has been a while since I looked at the neighbor-on-neighbor action involved when kinda one wants to sell and another sorta wants to buy. In today’s episode, the owner of the “1,048 sq ft” Manhattan loft on the 4th floor at 52 West 22 Street (in t

415 Greenwich Street loft resale clobbers sponsor at Tribeca Summit, nears record

Aug. 27, 2012
The recent sellers of the “2,318 sq ft” Manhattan loft #3A at 415 Greenwich Street in the 2008 new development Tribeca Summit must have been paying attention. They no doubt noted the two most recent sales in the building: that #5B set a building recor

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
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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