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Manhattan Loft Guy

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

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

a tricky $1,220/ft for a most lovely gut job of 451 Broome Street loft that took 50 weeks + 3 contracts to sell

Apr. 12, 2013
Categorized in: Loft neighborhoods / SoHo
This is the kind of history that is so infuriatingly rich that it is a shame not to know the whole story. The “2,400 sq ft” Manhattan loft #7E at 451 Broadway came to market a year ago at $2.7mm and was on contract within two weeks, then back on the m

1 year, 2 contracts to resell 90 William Street loft unfairly, off slightly since 2008

Dec. 13, 2012
Have I mentioned recently that The Market is not fair? You’d have to have read between the lines of yesterday’s post (December 12, 6 prices, 13 months to contract for 107 West 25 Street loft) about a Chelsea loft that required many prices to sell, mos

about that Master List of downtown Manhattan loft sales ...

Sep. 9, 2012
Categorized in: Market Data - aggregators
I think this is the second week in a row, but perhaps only the second time in the last few months, that the Master List of Manhattan Lofts Sold Since November 2008 has been up to date. That Google Docs spreadsheet is probably the single bit of Manhattan

more developer's remorse: scooped by Curbed over 246 West 17 Street loft resale +89% in 3 years

Jun. 8, 2012
How’s this for a Bright Shiny Object? The “1,717 sq ft” Manhattan loft (with a “321 sq ft” terrace) #1C at 246 West 17 Street recently sold at $2.55mm after having been sold in 2009 by the sponsor of this 2008 new development for $1.35mm. That

did it really take 3 contracts to sell top floor loft with private roof at 303 Mercer Street for 99.3% of ask?

May. 30, 2012
This much we know: the Manhattan loft triplex with roof terrace #A608 at 303 Mercer Street (in the oh-so-poetic Snug Harbor 3-building coop) came to market on July 5, 2011 at $2.995mm and closed on April 30 at $2.975mm. Nearly 10 months to close at a 0.08

Flower District loft at 133 West 28 Street sells at small discount after 11 months, 2 firms, only a $5,000 drop

Apr. 30, 2012
It is impossible to know this kind of thing from the outside, but there is a reason that the “1,300 sq ft” Manhattan loft #6C at 133 West 28 Street took nearly a year to sell without any meaningful change in asking price. I wish I knew the story behin

diversions of spring baseball / players & dumb advocates edition

Mar. 4, 2012
This time of year, all or nearly all of the Manhattan Loft Guy weekend diversion posts should be about one thing: baseball. But it has not worked out that way. This post will be but small recompense, as there will be some ‘pure’ baseball links, but th

big space, small price for 142 West 26 Street

Sep. 30, 2011
There is a reason why the “3,870 sq ft” Manhattan loft on the 7th floor at 142 West 26 Street sold on September 19 at only $722/ft ($2.475mm) despite having a “chef’s kitchen ... with Liebherr, Viking and Meile appliances [and] … bathrooms [with

revisiting velocity, as 132 West 22 Street loft sells near a world land speed record

Sep. 22, 2011
As far as Bright Shiny Objects are concerned, it is the dates associated with the sale of the Manhattan loft on the 5th floor at 132 West 22 Street (the Stanwick) that most quickly catch the eye, instead of the prices. (Even though the loft doubled in sal

agony + ecstasy at one 65 West 13 Street loft

Aug. 9, 2011
If I were writing just about lofts I would say something like when the Manhattan loft #8D at 65 West 13 Street sold on July 6 it was up over 40% from its prior sale. And from the one before that. But I also write about loft owners, buyers and sellers, so

despite failed contract, 133 West 28 Street small loft sells above ask in a refreshingly efficient market

Aug. 8, 2011
It is not every day that you see a Manhattan loft sell at full price after a failed contract, even less often do you see a loft sell above the ask after a failed contract. Well, today is today (not every day) and the loft in question is the Manhattan loft

velocity in the Manhattan loft market / 72 Mercer Street sale was not the fastest

Aug. 2, 2011
Categorized in: Market Trends
I tend to collect a bunch of interesting recent sales each week for future posts, writing a headline and capturing the link; often I don’t get to all in that collection because … well … so many lofts in Manhattan, so little time. And sometimes by th

throwing a coop board interview can come with a high price

Jun. 28, 2011
There is a fascinating AP interview with Barbara Corcoran on-line yesterday, which The Real Deal excerpts (badly) this morning. TRD picks out some nuggets, which started me in a different direction this morning in thinking about a blog post (mostly, in th

return of the gut renovation buyer / 222 Park Avenue South edition

Feb. 24, 2011
I wonder if the run of recent Manhattan loft sales that I have noticed of lofts in need of a complete build-out is an actual sign of Something Happening In The Market, or if it just random noise that I happen to notice. I don’t think this is going to ma

477 Broome Street loft takes what the market gives, moves on (to the bank)

Feb. 2, 2011
Categorized in: Loft neighborhoods / SoHo
This one is hot off the presses (deed filed today): the Manhattan loft #31 at 477 Broome Street sold on January 25 for $1.515mm, a discount of 10.6%% off the $1.695mm ask. What is interesting about it is that it took 90 days to get to contract (offered Se

250 Mercer Street small loft flies off shelf, above ask, above $1,000/ft

Dec. 16, 2010
Sometimes the residential sales that appear in the newspapers (New York Post on Thursdays, New York Times on Sundays) are more or less current; sometimes they are much less current. The resale of the Manhattan loft #D1104 at 250 Mercer Street that was fea

how to sell a loft quickly? (not a secret!) another 808 Broadway loft does it

Oct. 29, 2010
Categorized in: loft neighborhoods / NoHo
The Manhattan penthouse loft 808 Broadway #PHA [Renwick] is an excellent example of what truly motivated sellers do. (Not the sellers who will sell if I get $Xmm, but the sellers who will sell, what can I get?) Having bought their beautiful loft with t

the limits of Infinity (Lofts) / 2007 new development trades 15+% off at 24 East 21 Street

Oct. 8, 2010
I hit 24 East 21 Street #5 at Infinity Lofts yesterday as one of a pair of Manhattan loft sales that featured a “pop-up” contract (one signed after a long period of being Off The Market; nice locution, no?); I will hit it again today because it is on

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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