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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

truly a fast sale, as 60 Beach Street loft cashes out 24 days after listing

Aug. 30, 2013
Some fascinating things about the recent sale of the “2,569 sq ft” Manhattan loft #3B at 60 Beach Street just to the left of the Holland Tunnel spillways in Tribeca: as in the headline, the whole darn thing took 24 days (to market on July 13, in contr

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

from raw to mints, 14 Jay Street loft doubles in value

Aug. 12, 2013
The recently sold “1,620 sq ft” Manhattan loft on the 3rd floor at 14 Jay Street is a rather recent sale (July 15) but it does not reflect the recent market: the deal that just closed was entered into last Fall (contract date is October 24). Well, it

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

103 Greene Street penthouse loft takes a (near) million dollar hit to sell below 2008

Jun. 27, 2013
Categorized in: Loft neighborhoods / SoHo
They had a little trouble selling the “2,474 sq ft” penthouse Manhattan loft #7A at 103 Greene Street back in the day, as the near-Peak campaign took 4 months and a big price drop to get to contract 15% off the original ask; but those buyers in 2008 n

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

did 11 Lispenard Street loft (Tribeca) sell because close to Soho?

May. 22, 2013
The “1,782 sq ft” Manhattan loft on the 5th floor at 11 Lispenard Street is so solidly “Tribeca” that it is one short block west of the original Triangle Below Canal block (more on that, below*). Yet it was marketed with reference to another neigh

85 Leonard Street loft doesn't quite zoom, but sells above ask

May. 2, 2013
The “2,434 sq ft” Manhattan loft on the 4th floor at 85 Leonard Street (the condo name, Kitchen, Montross & Wilcox Store, is a mouthful, explained below) enjoyed an enviable but hardly unique experience of selling above ask this month, though it did t

9 White Street penthouse loft created $2.5mm in value after 2010

Apr. 16, 2013
I had a bit of an email conversation this week with a Manhattan Loft Guy reader about the “3,500 sq ft” Manhattan loft on the top of 9 White Street, which had been bought for $3.615mm three years ago and just had a deed filed reflecting it was resold

115 Mercer Street loft could not sell in 2010, sells 16% higher

Mar. 28, 2013
Categorized in: Loft neighborhoods / SoHo
It is no longer unusual to see this kind of history, but I remain fond of individual lofts that show in hard data how at least their hyper-local market has changed since 2010. In the case of the “1,998 sq ft” Manhattan loft #2B at 115 Mercer Street, t

OYAToMLG talking about post-Peak and square floor plans at 161 Hudson Street

Mar. 18, 2013
Last year on the day of Saint Patrick I was talking about prices post-Peak and a nearly ideal floor loft plan at 161 Hudson Street. In my March 17, 2012, 161 Hudson Street closes off 2.5% since (late) 2007, I noted that the front-end paired sale, 2007-and

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

42 Hudson Street loft was a very tight fit to close at $1,474/ft, up a ton

Feb. 26, 2013
The “1,900 sq ft” Manhattan loft on the 2nd floor at 42 Hudson Street that recently sold is a lovely loft overlooking Duane Park (my personal favorite non-water view in Tribeca) that is designed within an inch of its life. Unfortunately for my buyers

Julliard loft at 18 Leonard Street sells up 6% since 2007 (meh!)

Feb. 20, 2013
Lofts that sold in the second quarter of 2007 were definitely within the froth that characterized the overall Manhattan residential real estate market leading up to The Peak of sales recorded in the first quarter of 2008. So the recent sellers of the “2

did virtual staging cost 9 West 20 Street loft $100,000?

Feb. 18, 2013
At the risk of over-determining this apparent paradox, the very recent (January 31) sale of the “2,154 sq ft” Manhattan loft on the 7th floor at 9 West 20 Street at $2.5mm calls out for an explanation, given that what appears to be the same loft in th

not gussied, 46 Great Jones Street loft sells after 363 days, down 42% from first ask

Feb. 7, 2013
Categorized in: loft neighborhoods / NoHo
I don’t think I’ve seen this locution to describe an “authentic” Manhattan loft before: “NOT Gussied Up”. I think it like it, but the fact that it sticks out probably means it is effective. And, because The Babbling Agent Handbook says you can

prime Soho loft needs imagination, but only $1,091/ft to buy

Jan. 31, 2013
Categorized in: Loft neighborhoods / SoHo
A numbers guy would just focus on the price at which the “2,200 sq ft” Manhattan loft on the 3rd floor at 345 West Broadway sold at year end, but this Manhattan Loft Guy is intrigued by those ceilings. The loft is billed as a project, using the word

6 prices, 13 months to contract for 107 West 25 Street loft

Dec. 12, 2012
One of these days I am going to get to drafting a post about the bidding wars I have observed with buyer clients and on the Master List of Manhattan Lofts Sold Since November 2008. But that day is not 12.12.12. Today in numerology we have those digits in

141 West 17 Street loft seller takes forever to sell at 7% discount

Nov. 12, 2012
We’ve had two recent posts about rather long marketing campaigns that ended rather badly for the sellers. (November 6, 21 East 22 Street loft sells after long, painful price discovery, and November 10, 59 John Street loft seller takes forever to take a

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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