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Manhattan Loft Guy

room or light? Tribeca or Chelsea? 2 lofts sold above ask at $2.645 million have different charms

Sep. 24, 2013
Categorized in: loft style
I had ticketed two contemporaneous Manhattan loft sales back when there was a summer in New York; now is a good time to check them out. The “1,789 sq ft” Manhattan loft on the 3rd floor of 56 Thomas Street and the “1,493 sq ft” Manhattan loft #12A

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

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

77 White Street loft lacks "bedrooms" because elevator is in the wrong place

Sep. 13, 2013
Yesterday, it was dark bedrooms being switched (September 12, flipping the dark bedrooms earns 100 Hudson Street loft 20% premium over (near) Peak); today it is a funky floor plan for a Long-and-Narrow Tribeca loft that is (probably) funky because the lat

flipping the dark bedrooms earns 100 Hudson Street loft 20% premium over (near) Peak

Sep. 12, 2013
The “1,025 sq ft” Manhattan loft #3A at 100 Hudson Street that just sold for $1.535mm with some “customized elements” looks a lot like the loft when it sold in June 2008 for $1.283mm with very enthusiastic broker babbling about the kitchen and the

133 West 28 Street loft sale shows the squeeze in 2-bedroom buyers

Sep. 10, 2013
I am as much a fan of broker babble as the next guy (or Guy) and I appreciate enthusiastic attempts to make linguistic lemonade out of limited assets. The babble for the recently sold and hotly contested Manhattan loft #5C at 133 West 28 Street (probably

90 Franklin Street loft history more like a moving picture than a market snapshot

Sep. 5, 2013
If you wanted a Big Picture review of the overall Manhattan residential real estate market over a bunch of market cycles, you’d do well to play with The Miller’s latest 3 Cents Worth chart for Curbed (Manhattan Puts Best [Square] Foot Forward), in whi

jaw-dropping views provoke jaw-dropping price for 261 Broadway loft

Sep. 3, 2013
Yes, the “1,140 sq ft” Manhattan loft #12B at 261 Broadway has the jaw-dropping views claimed in the broker babble (especially if you like to give traffic reports to friends interested in driving over the Brooklyn Bridge), but the fact that it just so

quick flip of 52 Thomas Street loft is breathtakingly irrational

Aug. 29, 2013
Sometimes things make so little sense that all one can do is note the facts and move on. I really wish I had something sensible to say about the recent sales history of the “1,967 sq ft” Manhattan loft #4D at 52 Thomas Street, but …. [crickets]. I c

did 48 Bond Street loft developer leave money on the table in 2008?

Aug. 27, 2013
Categorized in: loft neighborhoods / NoHo
Let’s stick on one of the shortest and most dynamic downtown Manhattan loft streets, and complement the unusually low sale of a 1980s residential loft coop conversion I hit yesterday at 20 Bond Street (August 26, with too many walls, 20 Bond Street lof

with too many walls, 20 Bond Street loft sells (too low?) before gut renovation

Aug. 26, 2013
Categorized in: loft neighborhoods / NoHo
Even if you haven’t seen the “2,300 sq ft”* Manhattan loft on the 5th floor at 20 Bond Street, the broker babble, floor plan, and listing photos contain some hints that this Noho Long-and-Narrow recently sold as a project. The brief description of t

152 Wooster Street loft shows that character matters, competition drives premium

Aug. 19, 2013
Categorized in: Loft neighborhoods / SoHo
Some stories never get old, so here’s another one from the Bidding War Files. The cool things about the “1,360 sq ft” Manhattan loft #2C at 152 Wooster Street that just sold 12% above the asking price require me to quote from some professional broke

oh dear! 292 Lafayette Street loft goes to war, slays famous neighbors

Aug. 16, 2013
Categorized in: Loft neighborhoods / SoHo
The last time we visited 292 Lafayette Street together there was a somewhat primitive loft with somewhat famous sellers that sold at $1,033/ft. Today's visit is occasioned by the "1,600 sq ft" Manhattan loft #2E at 292 Lafayette Street, which sold on July

Flower District mini-loft sells above ask but flat to 2007 at 131 West 28 Street

Aug. 15, 2013
I can never top Shark Week, but this is the third post in a row about a Manhattan loft that sold above asking price. In the other two posts (August 12, from raw to mints, 14 Jay Street loft doubles in value, and August 14, difficult penthouse loft sells a

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

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

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,

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

unsold at $3mm in 2011, 110 West 25 Street loft goes to war to sell at $3.45mm

Jun. 19, 2013
Next time someone asks you precisely how The Market has changed, tell them that the hyper-local market at 110 West 25 Street is up more than 15% since 2011, and probably a similar premium over 2012. The “2,382 sq ft” Manhattan loft on the 8th floor at

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

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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