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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

original condition loft at 1 Hudson Street goes well above ask

Aug. 21, 2013
Stop me if you've heard this before: a Manhattan loft that needs pretty much everything sails through the market above ask. That's the story with the "2,000 sq ft" Manhattan loft on the 8th floor at 1 Hudson Street, which came out on March 8 at $2.198mm,

huge 40 West 22 Street loft sells at $916/ft as canvas, actors' theater

Apr. 23, 2013
In babbling that the “4,150 sq ft” Manhattan loft on the 5th floor at 40 West 22 Street as “your canvas awaits” the agent committed metaphor; in saying that the loft “is currently designed as a residence & actors' theatre, rendering the space in

"recently renovated" 7 East 17 Street loft sells 18% over 2011 sale (as "newly renovated")

Apr. 15, 2013
Of course there are no rules about how many calendar pages can be torn off before a listing should no longer be described as “newly” or “recently” renovated. In the case of the “2,774 sq ft” Manhattan loft on the #5S at 7 East 17 Street, the l

not new news, but Sonic Youth sell close-to-raw loft at 292 Lafayette at $1,033/ft

Apr. 8, 2013
Categorized in: Loft neighborhoods / SoHo
You’d never see this kind of color in a listing description (darn), but the loft that was described in New York Magazine in the 1990s as “a perfect combination of total trash and sweet shine” has been sold. It ain’t new news, as the sale occurred

took a while for architects to wake up to gut project loft at 39 Worth Street

Mar. 26, 2013
Bring your design team to this classic 2,000SF floor-thru loft …." You got bones (“13-foot original tin-pressed ceilings, exposed brick walls, century-old pine floors + light from enormous windows”) and, of course, “[i]ncredible potential”. The

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

working artist loft at 121 Mercer Street sells just under $1,000/ft

Jan. 18, 2013
Categorized in: Loft neighborhoods / SoHo
There are artist’s lofts and then there are artist’s lofts. The “2,000 sq ft” Manhattan loft on the 2nd floor at 121 Mercer Street deep in the heart of Soho is recognizably an artist’s loft on the floor plan and in the pictures. Start with the 1

if gut renovation loft at 33 Greene Street went for $1,188/ft the roof rights were free

Dec. 5, 2012
Categorized in: Loft neighborhoods / SoHo
What is your guess as to what a $4mm buyer would pay to gut renovate a ”3,200 sq ft” classic Soho loft? Let’s say a minimum of $250/ft for ballpark purposes, so figure that the recent buyer of that “sun-blasted” “architect ready” Manhattan l

2 years to contract for 139 Spring Street artist's loft

Nov. 29, 2012
Categorized in: Loft neighborhoods / SoHo
It is a little unfair of me to say it took two years for the recently sold “2,522 sq ft” Manhattan loft #3B at 139 Spring Street find a contract, even though the loft was brought to market on October 1, 2010. The trick is that there was a contract by

market cruelty or mean streets? gut renovated sundrenched 347 West 39 Street loft closes at $675/ft, unadjusted for terraces

Jun. 11, 2012
No, John McCain was not talking about Manhattan lofts, but is there anything more cruel than the history of the “2,000 sq ft” Manhattan loft #8E at 347 West 39 Street? To market on August 11, 2011 at $1.945mm, 4 price drops to a contract in February,

loft on top of 303 Mercer Street sold with a very expensive roof deck

Jun. 1, 2012
Now that I have gotten that record-keeping rant out of my system and onto the intertubes (May 30, did it really take 3 contracts to sell top floor loft with private roof at 303 Mercer Street for 99.3% of ask?), the loft that provoked that rant is worth ch

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

playing with 475 Broadway loft comp that is up +58% over 2004

May. 23, 2012
Categorized in: Loft neighborhoods / SoHo
I’ve been having a running conversation with a very savvy client about values in Soho, including market trajectory currently and in recorded history. He is wondering about a classic Soho loft that was gut renovated 7 years ago that is now asking nearly

higher floor, higher price: artist loft at 81 Grand Street sells high, 4 flights up

May. 1, 2012
Categorized in: Loft neighborhoods / SoHo
It is hard to tell from the broker babble exactly how much renovation would be needed, given the condition of the “classic” Manhattan loft that just sold on the 5th floor at 81 Grand Street. New kitchen aside, they were marketing bones here, not skin

Los Angeles loft lover buys mini-loft at 720 Greenwich Street

Apr. 26, 2012
Would you trade a “1,486 sq ft” downtown loft in a former toy factory with great open city views for a “700 sq ft” West Village loft in a former printing factory with but one window and no view worth discussing? How about if you would probably los

endless possibilities cost $1,160/ft in quiet Noho, at 325 Lafayette

Apr. 17, 2012
Categorized in: loft neighborhoods / NoHo
Yesterday it was an artist’s loft of “3,300 sq ft” in the bottom of Soho that cleared for $742/ft (April 16, artist loft clears at $742/ft in south Soho, 307 West Broadway). Today it is the “2,000 sq ft” Manhattan loft on the 5th floor at 325 La

OYATOMLG / 714 Broadway loft sale provoked on size, bidding wars, Peak values

Apr. 4, 2012
Categorized in: loft neighborhoods / NoHo
It has been a while (yes, another Note To Self … reminder) since I have done any look-back posts, dipping into the Manhattan Loft Guy archives for posts that are one (OYATOMLG), two (TYATOMLG), or more years old (FYATOMLG?). My April 4, 2011, late biddi

395 Broadway loft sells at $1,174/ft, a relative bargain to a gut job

Feb. 22, 2012
The “1,163 sq ft*” Manhattan loft #11A at 395 Broadway just sold in mint-y condition at $1.365mm, or $1,174/ft. That compares very favorably to the last “A” line sale here, which I hit in my January 26, 2011, gut job loft at 395 Broadway provokes

Soho gut job for $762/ft, as 81 Grand Street loft sells after 14 months, 5 price drops

Feb. 21, 2012
Categorized in: Loft neighborhoods / SoHo
This one hurts. The “1,575 sq ft” Manhattan loft on the 3rd floor at 81 Grand Street sold on January 17 at $1.2mm, apparently in line with the sale of the 4th floor in August at $1.25mm. The 4th floor was sold directly by the owner; the sale is in our

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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RE: jaw-dropping views provoke jaw-dropping price for 261 Broadway loft
Having lived in 261 from the beginning, I think th...
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RE: difficult penthouse loft sells above ask at 399 Washington Street
Are you sure that they built this floorplan out fr...
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