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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

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

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.

challenging American Thread loft at 260 West Broadway finally sells (contract took 50 weeks)

Aug. 17, 2013
It is hard to argue with success, but I am going to try. The “1,365 sq ft” duplex Manhattan loft #9E at 260 West Broadway in the iconic American Thread Company Building sold on July 17 at a per-foot price that exceeds all but a couple of non-penthouse

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

B side of the hyper-local market at 51 Walker Street is up 25% since 2011

Jul. 30, 2013
Tagged with: 2011, comps, light, miller, neighbor, views, walker
Of course a continual theme on Manhattan Loft Guy is how a specific data point (loft sale) relates to The market over time, often by reference to a specific set of market conditions in which the loft (or one like … er … comparable to it) did (or did n

SEVEN Years Ago Today on Manhattan Loft Guy

Jul. 18, 2013
Categorized in: loft neighborhoods / NoHo
My July 18, 2006, light more precious than views to an artist / more on losing views..., has what might be the first discussion of Artist In Residence rules on the blog. The occasion was a then-fresh controversy involving the artist Chuck Close and potent

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

penthouse loft at 420 West 25 Street did not sell a year ago, but does now (higher)

May. 1, 2013
I hope that this post, following yesterday’s (April 30, unsold 2010 into 2011, 49 East 21 Street loft sells 18% higher), is more additional than redundant, as simply another (interesting?) illustration of the change in market conditions. In this case, t

161 West 15 Street is nothing special, other than priced right for the market

Apr. 17, 2013
I mean no disrespect to the “1,170 sq ft” Manhattan loft #6B at 161 West 15 Street (Jensen-Lewis Building) by saying that it is nothing special. It is your basic loft, with tall ceilings, a kitchen slapped against a wall, a tight corner exposure “of

a tricky $1,220/ft for a most lovely gut job of 451 Broome Street loft that took 50 weeks + 3 contracts to sell

Apr. 12, 2013
Categorized in: Loft neighborhoods / SoHo
This is the kind of history that is so infuriatingly rich that it is a shame not to know the whole story. The “2,400 sq ft” Manhattan loft #7E at 451 Broadway came to market a year ago at $2.7mm and was on contract within two weeks, then back on the m

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

50 West 29 Street loft sells with challenging layout, challenged windows

Mar. 14, 2013
Under what circumstances might it be a good deal for a Manhattan loft seller to sell 24% lower than a similar loft that sold just 6 months earlier, when that similar loft was on a lower floor and required a renovation of half work/half residential space f

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

market corrects too-low price drop at Chelsea Mercantile, just as it's supposed to

Feb. 25, 2013
Regular readers of Manhattan Loft Guy know that I often observe that, absent a thin buyer pool, The Market will correct a price drop that is ‘too low’ by having multiple bidders push the clearing price above the asking price. The price history of the

about that bidding war for (not THAT) well-dressed 395 Broadway loft

Feb. 15, 2013
There were broken hearts all over the highway when the bidding war for the “1,200 sq ft” Manhattan loft #14A at 395 Broadway came to an end on November 6, then jaws dropped when word got out soon thereafter that the winning bid was above $2mm. I shoul

Chelsea Merc neighbor loft at 245 Seventh Avenue sells at $1,284/ft

Dec. 14, 2012
Yes, gentle reader, Manhattan Loft Guy has a thing for the Chelsea Mercantile, the turn of the century condo conversion at 252 Seventh Avenue. (There are 22 Manhattan Loft Guy posts tagged “Chelsea Mercantile” going back to 2007, when I first started

no view needed to sell small 252 Seventh Avenue lofts at $1,339/ft, or at $1,593/ft

Dec. 10, 2012
In my December 3, how to value light without also valuing views? The Miller gives it a shot, NY Magazine gives it a forum, I wondered just how many Manhattan lofts threaded the narrow needle of having valuable light without having valuable views, in build

how to value light without also valuing views? The Miller gives it a shot, NY Magazine gives it a forum

Dec. 3, 2012
Categorized in: loft features / views
In the reality-based Manhattan residential real estate world inhabited by The Miller, questions such as “how do you value the difference in light between different units, without considering differences based on view?” have at least the framework for

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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