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Manhattan Loft Guy

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

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

funky loft at 55 White Street with funky history sells quickly in misleading fashion

Sep. 6, 2013
I am not saying that the full recent listing history of the “2,221 sq ft” triplex Manhattan loft #1C at 55 White Street is intentionally misleading, but the explicit part of the StreetEasy history shows a quick sale that was not, in fact, very quick.

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

difficult penthouse loft sells above ask at 399 Washington Street

Aug. 14, 2013
The “1,800 sq ft” Manhattan penthouse loft on the 5th floor of 399 Washington Street at a funny little corner in Northwest Tribeca has many surface similarities to the raw-to-mints-in-3-years loft that I hit in Monday’s from raw to mints, 14 Jay Str

not thawed in 2009, Lion's Head loft sells 9% over ask, 54% over 2006

Jul. 23, 2013
Yesterday I featured a Soho penthouse loft that did not sell under $4mm in 2009 (and 2010!) but recently sold for $5mm (July 22, no thaw was good news for (eventual) penthouse loft seller at 347 West Broadway). Today we make it an official Manhattan Loft

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

memory lane: Field of Dreams pricing sells 130 West 17 Street penthouse loft at huge premium

Jul. 15, 2013
Categorized in: Psychology of the market
In my July 15, 2008, 130 West 17 Street #9S went for it + got it, I considered a loft that was very aggressively priced that succeeded in selling despite, in my view, no rational basis for the asking or clearing prices. What I did not know 5 years ago was

not all lofts have open kitchens, least not at Chelsea Mercantile at 252 Seventh Avenue

Jul. 3, 2013
Categorized in: loft style
One of the hallmarks of residential loft-style living is an open kitchen; indeed, I would argue that this element was one of the early dividers between people who liked “lofts” compared to people who liked “apartments”. To generalize quite a bit,

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

142 West 26 Street loft epitomizes "loft", also "bidding war"

Jun. 17, 2013
If you took a too-quick look at the New York Post’s Just Sold! feature last Thursday, you saw the (yes!) recently sold “1,700 sq ft” Manhattan loft #12B at 142 West 26 Street at kind of a funny number ($2.253mm). The possibly too-quick bit was the s

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

you'd have to see 161 Hudson Street loft to hope to know why it sold 53% above 2009, 9% above ask

May. 28, 2013
You only have to toggle back and forth between the 2013 floor plan and the 2009 floor plan for the “2,314 sq ft” Manhattan loft #2B at 161 Hudson Street a few times before you are confident that the structure of the loft has been little changed in the

Jade loft pod at 16 West 19 Street implies market is up 33% since 2010

May. 23, 2013
This math is true: the “902 sq ft” mini-loft with a pod #5C at 16 West 19 Street (Jade) recently sold for $1.2mm after not selling after having been offered for sale for 7 months in 2010 at prices that dropped down to $899,000. That last price was ava

a tale of two 2nd floor lofts on Thomas Street

May. 14, 2013
It was the best of times for the 2nd floor loft at 86 Thomas Street, as it just sold for $1,325/ft; it was the worst of times for the 2nd floor loft next door at 84 Thomas Street, which failed to sell despite being offered $1,081/ft. (It is confusing time

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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