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Manhattan Loft Guy

28 Laight Street 1-day loft sale looks like a whisper listing

Sep. 26, 2013
We can agree, I assume, that the public record behind the recent sale of the "2,705 sq ft" Manhattan loft #2D at 28 Laight Street in the Cobblestone Lofts cannot reflect an actual public marketing. StreetEasy has it as new to market on July 2 and in contr

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

56 Warren Street loft renovation added more value than it cost

Sep. 17, 2013
I am not unusual in always being interested in the impact that renovation has on value; most people who try to follow a residential real estate niche share that interest. I flatter my niche, perhaps, in thinking that this is a much more complicated topic

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

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

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

104 Charlton Street loft comes (cheap!) with a nickel tour

Aug. 22, 2013
Categorized in: Loft neighborhoods / SoHo
You’d have to work a bit to get the full story if you start in StreetEasy, but there is a gratifyingly large amount of information available about the “2,184 sq ft” Manhattan loft #2W at 104 Charlton Street that recently sold under $1,000/ft. Let’

original condition loft at 1 Hudson Street goes well above ask

Aug. 21, 2013
Stop me if you've heard this before: a Manhattan loft that needs pretty much everything sails through the market above ask. That's the story with the "2,000 sq ft" Manhattan loft on the 8th floor at 1 Hudson Street, which came out on March 8 at $2.198mm,

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

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

Beach Street loft neighbor expands, takes out neighbor at fair price

Aug. 9, 2013
The recent private sale of the “1,722 sq ft” Manhattan loft #6C at 62 Beach Street in the Fischer Mills Building for $3.05mm ($1,771/ft) fascinates me. I always wonder how private deals set the prices at which they are done, and this one lines up well

1 Worth Street loft neighbor bails out neighbor, at a (likely) discount

Aug. 7, 2013
Hold on to your hats: this will be a bit of a bouncy ride. As I will explain, it is hard to blame StreetEasy too much for the sheer irrationality of the apparent listing history of the recently sold “1,525 sq ft” Manhattan loft two flights up at #3R a

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

OYAToMLG the ruthless stagers, revisited

Jul. 28, 2013
I still haven’t gotten around to tweeting them, so only the most faithful of Manhattan Loft Guy readers checked out my two weeks worth of pre-scheduled vacation posts from the archives earlier this month. (Note to self ….) There’s good stuff, just a

255 Hudson Street loft sells 19% below 2007, after 15 months, 9 prices

Jul. 26, 2013
Categorized in: Loft neighborhoods / SoHo
Ever get tired of reading about how hot hot hot The Market is? I don’t, but the recent sale of the “1,684 sq ft” Manhattan loft #6A at 255 Hudson Street in “Soho” (I’ve expressed my preference that this little corner be dubbed The Greater Ear

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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