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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

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

255 Hudson Street loft sells 19% below 2007, after 15 months, 9 prices

Jul. 26, 2013
Categorized in: Loft neighborhoods / SoHo
Ever get tired of reading about how hot hot hot The Market is? I don’t, but the recent sale of the “1,684 sq ft” Manhattan loft #6A at 255 Hudson Street in “Soho” (I’ve expressed my preference that this little corner be dubbed The Greater Ear

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

revisiting the NY Times "time to PANIC!!!" piece with more (contrary) Manhattan loft sales data

Jun. 4, 2013
Categorized in: Market Trends
The article has some horror stories anecdotes about bidding wars and the advantage that all cash buyers have over buyers who need both a mortgage and an appropriate appraisal value, but no hard data. Not even a perfunctory quote from a mortgage lender or

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

not every buyer should panic: that scary New York Times article is right, to a degree

Jun. 2, 2013
Categorized in: Market Trends
If you are a buyer actively searching for a Manhattan coop or condo, chances are good that someone you know or love has already scared you with In A Seller’s Market, Every Minute Counts from the New York Times, perhaps even days before it appeared Sunda

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

a(nother) tale of two lofts, as 121 West 17 Street twin sells right in line

May. 17, 2013
If the “1,135 sq ft” Manhattan loft #6D at 121 West 17 Street that just sold at $1,300,777 looks familiar that’s because you are thinking of its twin one flight down, which I hit in my March 8, buy low, sell high: simple advice well executed at 121

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

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

very patient (and secretly negotiable) famous seller finally sells 497 Greenwich Street loft at 17% discount

May. 8, 2013
Categorized in: Loft neighborhoods / SoHo
The seller of the “1,661 sq ft” Manhattan loft #6B at 497 Greenwich Street (the Winka Dubbeldam-designed Greenwich Street Project) told The Market she wanted $2.35mm, but when push (eventually) came to shove she sold for $1.95mm, a 17% discount withou

4 colors of downtown Manhattan loft momentum, again

Apr. 25, 2013
Categorized in: Market Trends
Not a lot of analysis, or even fresh insight here … just counting. I just updated the Master List of Manhattan Lofts Sold Since November 2008 (Note to Self … get back to doing this weekly, please) with deeds filed through this past weekend for downtow

Petersfield loft at 115 Fourth Avenue asks for big gain over 2011, market refuses

Apr. 24, 2013
One of the great fascinations for me in looking at deed records as downtown Manhattan lofts sell is noting sales that deviate from the narrative for the overall residential real estate market on The Big Island. Many examples are listed at bottom, but toda

25 Murray Street loft slow walks through market, takes 7 months to deal at small discount

Apr. 6, 2013
The “1,850 sq ft” Manhattan loft #6E at 25 Murray Street (Tribeca Space) recently sold for $2.145mm, at a tiny discount to last ask, less than a 5% discount to the prior ask, and less than a 7% discount to the first two offering prices. Not knowing mo

downtown Manhattan loft market momentum in 4 colors

Apr. 4, 2013
Categorized in: Market Data - reports
Looking at those newly recorded deeds, of 14 lofts resold between $500,000 and $5mm in downtown Manhattan loft neighborhoods, 1 sold above ask, 5 sold at ask, 8 sold without a drop in price, and 5 went to contract in 30 days or less. (Fun fact: one took [

115 Mercer Street loft could not sell in 2010, sells 16% higher

Mar. 28, 2013
Categorized in: Loft neighborhoods / SoHo
It is no longer unusual to see this kind of history, but I remain fond of individual lofts that show in hard data how at least their hyper-local market has changed since 2010. In the case of the “1,998 sq ft” Manhattan loft #2B at 115 Mercer Street, t

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

buy low, sell high: simple advice well executed at 121 West 17 Street loft

Mar. 8, 2013
The last time the “1,135 sq ft” Manhattan loft #5D at 121 West 17 Street was offered for sale the ask was $1.34mm; this time, $1.295mm. Last time, the clearing price was $870,000; this time, $1.275mm. Last time, the marketing campaign was launched in

ridiculous patience rewarded with sale of 263 Ninth Avenue loft at small discount

Feb. 28, 2013
You know that bit of Conventional Wisdom about how a listing that stays on the market for months without a price drop, it is at the wrong price and will need a price drop to sell? The “2,955 sq ft” duplex Manhattan loft #1C at 263 Ninth Avenue (The He

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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