Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Manhattan Loft Guy

diversion is more of a (small) rant about Manhattan real estate "penthouses"

Sep. 28, 2013
It's the weekend, but instead of the usual diversion having nothing to do with Manhattan lofts, I'd like to do a short riff on a pice in The Real Deal this week, When Is A Penthouse A Penthouse? TRD quotes some of the usual suspects (including The Miller,

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

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

1 Bond Street loft goes over $1,500/ft for 3 windows

Sep. 16, 2013
Categorized in: loft neighborhoods / NoHo
Last week it was the problems caused by the elevator placement in a Manhattan loft with a classic Long-and-Narrow shape (September 13, 77 White Street loft lacks “bedrooms” because elevator is in the wrong place). Today, the recently sold “1,600 sq

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

133 West 28 Street loft sale shows the squeeze in 2-bedroom buyers

Sep. 10, 2013
I am as much a fan of broker babble as the next guy (or Guy) and I appreciate enthusiastic attempts to make linguistic lemonade out of limited assets. The babble for the recently sold and hotly contested Manhattan loft #5C at 133 West 28 Street (probably

is 2nd floor loft at 170 Fifth Avenue the most beautiful in Flatiron?

Aug. 23, 2013
It is a shame, and a challenge for the sellers and their sales team, that the marketing campaign for the “2,736 sq ft” Manhattan loft on the 2nd floor at 170 Fifth Avenue coincided with some kind of building renovation. There are no complaints (or exp

challenging American Thread loft at 260 West Broadway finally sells (contract took 50 weeks)

Aug. 17, 2013
It is hard to argue with success, but I am going to try. The “1,365 sq ft” duplex Manhattan loft #9E at 260 West Broadway in the iconic American Thread Company Building sold on July 17 at a per-foot price that exceeds all but a couple of non-penthouse

108 Reade Street loft goes to war, secretly, beats the heck out of 2011 market

Jul. 19, 2013
Still groggy from a 4AM wake-up call on Wednesday in Buenos Aires and an overnight flight from Chile to JFK on (still) Wednesday night, but it is time to get out of the Manhattan Loft Guy archives and back into relatively current loft sales. I present for

36 N. Moore Street loft sells with half million dollar renovation

Jul. 2, 2013
These are not perfect comps for each other, by any means, but they are close neighbors of similar size and utility: the “1,800 sq ft” Manhattan #2W at 36 N. Moore Street just sold for $2.475mm, while the “1,700 sq ft” loft #4E at 34 N. Moore Stree

129 West 22 Street loft seller rewarded by 24% in 26 months for not renovating

Jun. 28, 2013
Every “arm’s length” sale is a snapshot of the agreement that a buyer and a seller made about the value of a property at a particular point in time. Econ 101, right? And a pair of such snapshots of the same property at two different points in time t

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

scary sale of small loft at 19 Hubert Street

Jun. 24, 2013
The recent sale of the “1,100 sq ft” Manhattan loft on the 4th floor of 19 Hubert Street is the canary in the coal mine only for Tribeca small loft buyers who have not been paying attention. For active and informed searchers, the sale is just a rude e

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

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

market different in 1Q13 over 4Q12, says 107 West 25 Street loft, sold after (unnecessary?) price drop

Jun. 3, 2013
Couple of things about the “1,475 sq ft” Manhattan loft (with “500 sq ft” terrace) #2B at 107 West 25 Street that recently sold for $1.785mm: it did not sell during the last quarter of 2012 from asking prices of $1.895mm (4 weeks) and $1.795mm (1

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

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

did 11 Lispenard Street loft (Tribeca) sell because close to Soho?

May. 22, 2013
The “1,782 sq ft” Manhattan loft on the 5th floor at 11 Lispenard Street is so solidly “Tribeca” that it is one short block west of the original Triangle Below Canal block (more on that, below*). Yet it was marketed with reference to another neigh

45 Lispenard Street loft takes a year to sell at small discount to ask, 11% premium over Peak

May. 13, 2013
The Market just loved the “1,800 sq ft” Manhattan loft #5E at 45 Lispenard Street, as we see from the fact that it sold on April 25 at $2.2mm after selling at near-Peak for just $1,988,500. Any repeat sale 11% over Peak shows a whole lotta love. The c

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.

Subscribe

Your E-mail Address:
Subscribe to:

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...

Archive

Favorite Links

Site Feed

RSS Feed