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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

jaw-dropping views provoke jaw-dropping price for 261 Broadway loft

Sep. 3, 2013
Yes, the “1,140 sq ft” Manhattan loft #12B at 261 Broadway has the jaw-dropping views claimed in the broker babble (especially if you like to give traffic reports to friends interested in driving over the Brooklyn Bridge), but the fact that it just so

152 Wooster Street loft shows that character matters, competition drives premium

Aug. 19, 2013
Categorized in: Loft neighborhoods / SoHo
Some stories never get old, so here’s another one from the Bidding War Files. The cool things about the “1,360 sq ft” Manhattan loft #2C at 152 Wooster Street that just sold 12% above the asking price require me to quote from some professional broke

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

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

132 Duane Street loft improves on mint, doesn't quite triple in value

Jun. 14, 2013
We are going to play with some sets of triple numbers here. The “2,300 sq ft” Manhattan loft on the 3rd floor at 132 Duane Street that recently sold for $3.4mm has now sold 4 times in mint condition and once in what had to have been less-than-mint con

you'd have to see 161 Hudson Street loft to hope to know why it sold 53% above 2009, 9% above ask

May. 28, 2013
You only have to toggle back and forth between the 2013 floor plan and the 2009 floor plan for the “2,314 sq ft” Manhattan loft #2B at 161 Hudson Street a few times before you are confident that the structure of the loft has been little changed in the

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

tapered Flatiron project loft at 10 East 18 Street sells for $905/ft

Feb. 27, 2013
There are not many Manhattan lofts that are as large as the “2,874 sq ft” #5N at 10 East 18 Street (at the north end of the condominium 7 East 17 Street) that only have one bathroom. (I can’t think of a single other such loft, but there are probably

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 Just One Buyer theory holds, as idiosyncratic 575 Sixth Avenue loft sells above ask, quickly

Jan. 10, 2013
that it fits her lifestyle and personality to a T, but eventually decides to sell; agent and she discuss whether some of that style should be … er … softened (if not neutered) in order to appeal to the greatest number of buyers, thus leading to the hi

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

nice pics help sell underwhelming 77 Hudson Street loft at $1,089/ft in prime Tribeca

Nov. 13, 2012
The listing photos for the “1,711 sq ft” Manhattan loft on the 5th floor at 77 Hudson Street show a loft with some “classic” elements, as advertised (chiefly, the truly massive columns and beams, less so the large living room windows). As you have

heavily discounted 133 Mercer Street loft just couldn’t compete

Sep. 20, 2012
Categorized in: Loft neighborhoods / SoHo
Trust me to explain (below) that the Manhattan loft on the 3rd floor of 133 Mercer Street that just sold for $1.75mm sold off of this listing instead of the 2011 listing that Streeteasy associates with the sale, so that we can start with the way this loft

truly "one of a kind" bathroom sells for $2.35mm, loft at 56 Warren Street comes with it

Apr. 27, 2012
Forgive me, but the question that lingers longest in my mind after seeing that the “2,200 sq ft” Manhattan loft #5E at 56 Warren Street just sold for $2.35mm, is how did they take that bathroom picture without the photographer being reflected in the m

efficient market for "A" lofts at 130 West 30 Street

Feb. 1, 2012
I don’t know that I have ever seen a Manhattan loft marketed before emphasizing shower views, so the campaign for the “1,394 sq ft” loft #14A at 130 West 30 Street (the Cass Gilbert) (“en-suite marble bath with a truly fabulous shower framed by hu

unrecognizable 505 Greenwich Street loft sells up 44% over 2005, but that's no big deal

Jan. 5, 2012
Categorized in: Loft neighborhoods / SoHo
They wanted the world to know that the “1,819 sq ft” Manhattan loft #12A at 505 Greenwich Street that just sold has been dramatically changed since it was purchased from the sponsor 6 years earlier, in addition to using one of the customary modifiers

48 East 13 Street mint loft goes for $866/ft

May. 22, 2011
I am having some trouble with the last two sales in the Manhattan loft building at 48 East 13 Street. The “2,250 sq ft” #9B sold on October 27 for $2.85mm, but the “1,500 sq ft” #4A only got $1.3mm on April 8. (Scratches head.) Both were marketed

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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