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Manhattan Loft Guy

adding wall for 3rd bedroom did NOT increase value of 49 East 21 Street loft by 36%

Sep. 19, 2013
This is the kind of thing that drives Efficient Market fans to distraction and buyers to drink (or worse): the “1,461 sq ft” Manhattan loft #10C at 49 East 21 Street just sold at a funny number that indicates a bidding war ($2,510,049) well above the

unsold 2010 into 2011, 49 East 21 Street loft sells 18% higher

Apr. 30, 2013
There are a variety of ways to show the change in market conditions in the overall Manhattan residential real estate market. Looking at individual downtown Manhattan loft sales as I do nearly every day turns up gems like the “1,461 sq ft” Manhattan lo

when life threw 2012 loft buyers at 49 East 21 Street a curve, The Market almost bailed them out

Feb. 5, 2013
I can’t pretend to explain the 5% gain from April 2012 to January 2013 or to know why the April buyer became a January seller, but in the spirit of Sergeant Joe Friday, here are the facts about the “1,308 sq ft” Manhattan loft #3B at 49 East 21 Stre

49 East 21 Street loft beats near-Peak value, breaks building record

Aug. 14, 2012
Sometimes the key to a very enthusiastic bit of broker babble is what is not there. In the case of the “1,375 sq ft” Manhattan loft #9A at 49 East 21 Street that just sold at $1.985mm after selling just before The Peak at (only) $1.9mm, the key word i

from the Department of Odd (But Round) Numbers: 3 lofts sell in July $5,000 above ask

Aug. 2, 2012
Categorized in: general weird stuff
I mention this because in looking at the 23 Manhattan loft resales on the Master List (for closings between July 2 and July 12) there are five that jump out (in green) because they closed above the last asking price, three of which closed exactly $5,000 a

32 West 20 Street loft flies off shelf, into war, contra 31 East 21 Street loft

Sep. 23, 2011
I had the sale of the “1,350 sq ft” Manhattan loft #8N at 32 West 20 Street on my For Posting pile since I noted last week that the deed for $1.6mm (dated September 7, filed last week) was a fairly quick sale and that it sold above the $1.495mm asking

Infinity Flats loft needs ultra refinishing to break even since 2007

Aug. 5, 2011
I noted a week ago one new development in which at least one resale was a positive outlier (July 30, why did 263 Ninth Avenue loft resale kick some serious butt?). Every coin has two sides, and the Manhattan loft on the “4,109 sq ft” 3rd floor of 24

man bites dog! 49 East 21 Street loft sells 3.6% above Peak

Jul. 5, 2011
It seems like only yesterday that Manhattan Loft Guy used “dog bites man” to indicate that a resale 6% off from the prior 2007 sale was not “news”, but it was really the day before yesterday (dog bites man + 90 Franklin Street loft sells off only

49 East 21 Street unique buyer overpays for unique loft

Jun. 16, 2011
Seems as though it was just yesterday that we were in the Manhattan loft building 49 East 21 Street; it was: 49 East 21 Street loft shows the benefits (and PAIN) of timing. in looking at comps for that premium sale of #11C I was reminded of a nearby and

49 East 21 Street loft shows the benefits (and PAIN) of timing

Jun. 15, 2011
The Manhattan loft #11C at 49 East 21 Street sold on May 6 at a $100,000 premium to the asking price of $1.75mm. On the one hand, this shows the benefits of windows; on the other hand, this shows the benefits of timing. I mentioned windows first.

how to read past sale data / one Flatiron loft laboratory

Feb. 9, 2011
There’s a fascinating discussion thread going on over at StreetEasy, started by a potential buyer who said “I'm beyon[d] confused with pricing” and then asked that community for advice about bidding on a specific loft in Flatiron. I am going to use

flight or fight? the disappointed seller’s conundrum, 30 East 21 Street and 205 West 19 Street lofts edition

Nov. 14, 2010
There’s a hard decision to be made at some point by every loft seller who is disappointed that The Market does not love the loft as it should, second only to the harder decision as to whether to drop the price: do you stay on The Market as an active lis

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

the puzzle of pop-up contracts, signed long after Off The Market at 144 West 27 Street and 24 East 21 Street lofts

Oct. 7, 2010
These two odd transactions remind that when working with so-far-unrequited Manhattan loft buyers with very specific criteria, I should include in a search Off The Market lofts. You never know if they might really be available, without asking.

Sunday open house tour from UFT to FIT

Oct. 13, 2007
Categorized in: open houses
open houises for Manhattan lofts for sale at 150 West 26 Street, 49 East 21 Street, 252 Seventh Avenue, 245 Seventh Avenue, 35 West 23 Street

eye-popping punctuation / new at 30 E 21 St

Sep. 20, 2007
Tagged with: east 21
#4A at 30 East 21 Street is a new Manhattan loft for sale today, asking $1.895 $1.85mm and $1,775/mo for "1,600 sq ft". "Too many details" to mention, but they mention "truly spec... [Read More]

open house review / featuring Flatiron, with some Chelsea choices

Sep. 14, 2007
Categorized in: open houses
(remember to check the agent websites Sunday morning to see if open house is still on) 49 E 21 St #4A $1.89mm and $1,709/mo (condo) for "1,375 sq ft" in the former UFT building new to market Labor... [Read More]

open house nuggets / new and open

Sep. 8, 2007
Categorized in: open houses
Tagged with: east 10, east 21, horatio
(remember to check the agent websites Sunday morning to see if open house is still on) 3rd floor at 24 Horatio Street $1.795mm and $1,240/mo for "1,300 sq ft" of rare West Village loft that was n... [Read More]

motivated sellers do Holiday open houses

Aug. 31, 2007
Categorized in: open houses
(remember to check the agent websites Sunday morning to see if open house is still on) None of the Manhattan lofts reviewed for last weekend are having open houses this Sunday (not surprisingly) (... [Read More]

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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