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Manhattan Loft Guy

diversion is more of a (small) rant about Manhattan real estate "penthouses"

Sep. 28, 2013
It's the weekend, but instead of the usual diversion having nothing to do with Manhattan lofts, I'd like to do a short riff on a pice in The Real Deal this week, When Is A Penthouse A Penthouse? TRD quotes some of the usual suspects (including The Miller,

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

TYAToMLG: a great counter counts summer contracts + listings

Sep. 7, 2013
Categorized in: Market Trends
On Thursday I used The Miller’s new way of cutting the 20-year Manhattan residential real estate market into 8 eras in service of a post about a particular Tribeca loft with a long history of its own (September 5, 90 Franklin Street loft history more li

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

22 Warren Street penthouse loft sells 6% above ask with 3 terraces, only 2 bedrooms

Aug. 5, 2013
There is a way to turn the recently sold “2,053 sq ft” Manhattan duplexed penthouse loft on the 6th floor at 22 Warren Street in southeast Tribeca into 3 bedrooms, but it would be hugely expensive. Not in dollars, as carpentry is relatively cheap, but

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

when bad things happen to nice lofts, 136 Baxter Street edition

Jun. 11, 2013
The simple facts about the “2,558 sq ft” Manhattan penthouse duplex loft (with “600 sq ft” of private terrace) #7A at 136 Baxter Street (the Machinery Exchange) is that the guy who paid $4mm when he bought it from the sponsor on June 5, 2009 just

42 White Street penthouse loft sells with 1 bedroom, 5 outdoor spaces at $2,786/ft (before adjustment)

Mar. 6, 2013
I can read the broker babble (“2 bed”) as well as the next guy, but the floor plan and pictures associated with the “1,669 sq ft” Manhattan loft #6 at 42 White Street make it clear that there is a single bedroom, with a “den” upstairs that lac

our long national nightmare is over, as 57 Bond Street loft sells with strangest history you will see today

Mar. 5, 2013
Categorized in: loft neighborhoods / NoHo
This post may only be for the fanatic spectators of the Manhattan residential real estate game who collect odd price histories. I am going to ruin the suspense by telling you that the “2,110 sq ft” Manhattan loft (with “1,045 sq ft” private terrac

hyper-local market for 18 East 12 Street mini-lofts is up 14% YoY

Feb. 19, 2013
It is an understatement to say that The Market loves the “970 sq ft” Manhattan loft #2A at 18 East 12 Street. In 2011 it took 25 days to find a contract and only 40 days to close; the recent campaign took only a little longer (contract in 39 days, clo

Tribeca and Soho top the rankings in median price by neighborhood, of course

Feb. 2, 2013
Categorized in: Market Data - reports
You could look at the graph and say Lofts Rule! as the two most prime of prime Manhattan loft neighborhoods lap the median price field, and other loft neighborhoods come in at #5, #7, and #9, but resist that temptation, please. If you’ve been reading th

was year-end loft sale at 101 Warren Street motivated by tax uncertainty?

Jan. 23, 2013
My rant about the Tax Uncertainty Meme that ran through the Manhattan Media Division of the Real Estate Industrial Complex (January 4, in which Manhattan Loft Guy bravely calls BS on the Market Trend Meme Of The Day) provoked a Twitter dialogue with The M

in which Manhattan Loft Guy bravely calls BS on the Market Trend Meme Of The Day

Jan. 4, 2013
Categorized in: Market Trends
Anyone who has any interest in the state of the overall Manhattan residential real estate market has already seen one or another of the articles from the Manhattan Media Division of the Real Estate Industrial Complex about the state of The Market at the e

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

Campiello Collection penthouse loft at 151 West 17 Street eventually sells 54% above 2005

Oct. 5, 2012
You’ve seen the stats: something like the average American moves every 6 years. The guy who bought the “2,876 sq ft” Manhattan loft #PHE at 151 West 17 Street (the Campiello Collection), with another “1,121 sq ft” of private terraces, in January

back to 99 Reade Street to see what the low ceilings on 5th floor support

Sep. 29, 2012
I had no idea when I hit the recent resale of a 5th floor low-ceilinged loft at 99 Reade Street (September 21, flip city: 99 Reade Street loft sold in 2011 sells again, up 4%) that there was a 6th floor loft sale in the building that was then awaiting dee

250 Mercer Street penthouse a true trophy, sells quickly with very valuable terraces

Sep. 19, 2012
I am usually quick to snark about the foibles, ellipses and general awkwardness of broker babble, but comparing the relevant text to the photos and floor plan of the “2,500 sq ft” Manhattan penthouse loft #B1603 at 250 Mercer Street generates more app

about that Master List of downtown Manhattan loft sales ...

Sep. 9, 2012
Categorized in: Market Data - aggregators
I think this is the second week in a row, but perhaps only the second time in the last few months, that the Master List of Manhattan Lofts Sold Since November 2008 has been up to date. That Google Docs spreadsheet is probably the single bit of Manhattan

confusing loft at 133 West 14 Street sells 5 years to the day, up 24%

Aug. 24, 2012
If there were a real Multiple Listing Service in Manhattan, it would be easy to figure out what happened to the “1,600 sq ft” Manhattan loft that sold a little while ago. With that oh-so-fictional MLS insisting on clean listing and sales data, you’d

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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