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Manhattan Loft Guy

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

masterpiece designed since 2009, 60 West 15 Street loft doubles in value

Sep. 18, 2013
Not every agent has the credibility in the business to be taken at face value when saying things like “Renovated to the nines” and “Come home to the extraordinary”, but the listing agent for the recently sold “3,133 sq ft” Manhattan loft on th

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

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

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

no thaw was good news for (eventual) penthouse loft seller at 347 West Broadway

Jul. 22, 2013
Categorized in: Loft neighborhoods / SoHo
If the headline above makes sense to you, thanks for being a regular reader. (For the rest of you, thanks for stopping by; feel free to return.) The premise for the punchline involving the “2,200 sq ft” Manhattan penthouse loft at 347 West Broadway is

memory lane: New York lottery guy says two-MILL-yon dollars to describe discount on Greenwich Village "loft"

Jul. 16, 2013
Categorized in: what makes a loft a "loft"
In my July 16, 2009, dropping $2mm to make an un-lofty sale at 175 Sullivan Street, I hit a sale of a “loft” that did not look very loft-y to me. I tried not to get too distracted over the loft-or-not element, but to stick to the (big) numbers. The

memory lane: 3 for the price of 1, with chills and views

Jul. 11, 2013
In my July 11, 2011, victim of 2009 chill, 395 Broadway loft sells quickly at premium, I looked at a 2011 sale in relation to 2009, while in my July 11, 2009, 50 Warren Street closes, off 45% from original ask + 14% off 2005 price, I looked at one of the

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

memory lane: real-time reporting on changes in The Market for Manhattan lofts

Jul. 8, 2013
Categorized in: Market Trends
In my July 8, 2010, another sign that 2010 is not 2009, as 60 West 15 Street loft sells, I looked at one Manhattan loft sale as a snapshot indicating how far The Market had come from the nuclear winter (becoming the thaw) of 2009, one year later. As I hav

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.

when bad things happen to nice lofts, 136 Baxter Street edition

Jun. 11, 2013
The simple facts about the “2,558 sq ft” Manhattan penthouse duplex loft (with “600 sq ft” of private terrace) #7A at 136 Baxter Street (the Machinery Exchange) is that the guy who paid $4mm when he bought it from the sponsor on June 5, 2009 just

OYAToMLG about different market conditions, 2012 and 2009 (of course)

Jun. 5, 2013
Let’s take a step back from the hysteria momentum of the current market and the New York Times-induced hysteria and revisit those thrilling days of yesteryear; more precisely, that thrilling day yester year when One Year Ago on Manhattan Loft Guy I post

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

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

21 East 22 Street loft sells after long, painful price discovery

Nov. 6, 2012
This one has to hurt: not only did the “900 sq ft” Manhattan loft #4F at 21 East 22 Street take 18 months to sell, it sold for a tiny premium over the price this seller paid in a very chilly market. Imagine the pain in starting in February 2011 in sea

renovation after 2007 gets 55 N. Moore Street loft 15% over 2009

Nov. 2, 2012
There are a great many things I do not understand about the Manhattan residential real estate business, so it is good that I am still (kinda, sorta) young. One of the things I don’t understand is how a REBNY firm has a listing with a history like this,

Bull Moose loft is first post-thaw sale without outdoor space at 42 East 20 Street, up 54%??

Oct. 8, 2012
As my buddy Noah at Urban Digs is fond of pointing out, the ideal way to do comps is to use a recent sale in the same building of a loft of similar scale. That task is more difficult when the last sales in the building were in very different market condit

29 East 22 Street loft sellers take the money and run (up 41% since 2010 purchase)

Sep. 18, 2012
I can’t tell how the recent sellers of the “2,300 sq ft” Manhattan loft #5N at 29 East 22 Street bought the place in 2010, but I can see what they paid then, and what they just got. There’s quite a spread between $2.3mm on September 5 and $1.625mm

133 West 17 Street loft with open air + potential sells for $1,071/ft

Jul. 18, 2012
Sometimes a loft that does not sell tells you something as interesting about the market as a loft that does sell. For Exhibit A, I give you the "1,770 sq ft" Manhattan loft #5C at 133 West 17 Street, which did not sell when offered at $1.895mm from March

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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