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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,

penthouse loft owner at 57 Bond Street buys big Tribeca luxury on Washington Street

Aug. 28, 2013
Categorized in: loft neighborhoods / NoHo
With so many Manhattan lofts (and so little time, alas), there are times that Manhattan Loft Guy themes just emerge: one post leads to the selection of another sale for discussion, then another …. (The Shark Week meme I played on last week.) Here’s my

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

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

no thaw was good news for (eventual) penthouse loft seller at 347 West Broadway

Jul. 22, 2013
Categorized in: Loft neighborhoods / SoHo
If the headline above makes sense to you, thanks for being a regular reader. (For the rest of you, thanks for stopping by; feel free to return.) The premise for the punchline involving the “2,200 sq ft” Manhattan penthouse loft at 347 West Broadway is

memory lane: on outliers, or Bright Shiny Objects, this one a penthouse loft at 121 West 20 Street

Jul. 13, 2013
Categorized in: Market Trends
You were warned in my July 4 post that you’ve got a couple of weeks of archived Manhattan Loft Guy material coming up; we are nearly done with that. In my July 13, 2011, penthouse loft at 121 West 20 Street beats Peak, but is it rational?

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

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

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

penthouse loft at 363 Greenwich finally sells, only 29% above 2004

Apr. 11, 2013
One of the nice things about being with one of the largest residential real estate brokerages in Manhattan is that our listing system has some very rich past sales data about Manhattan lofts. Take, for example, the duplexed “3,006 sq ft” Manhattan lof

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

elevator does not go to top floor at 258 Broadway, penthouse loft sells anyway (eventually, eventually)

Jan. 30, 2013
There are penthouses, and then there are penthouses. My understanding is that the term originally referred to a residential unit built on the roof, usually having direct (private) access to at least part of the roof, and usually added on rather than part

plusses and minuses evident as 249 Church Street penthouse loft sells above 3rd floor, at par with 4th floor

Dec. 26, 2012
The “1,588 sq ft” Manhattan loft on the 5th floor (“penthouse”) at 249 Church Street that sold on December 4 at $2.15mm, is a study of the power of “on the other hand …”. On the one hand, the broker babble promises between the lines that the

$2 million later (!), 43 East 19 Street penthouse loft is ready for its close-up

Nov. 15, 2012
Don’t you wish you could get a look at more lofts that are featured on Manhattan Loft Guy when sold, to see how they have been renovated? (I know you do.) Here today, courtesy of the New York Times feature Great Homes and Destinations, is an article and

how the pros do it: raise the price, get the price for 66 Ninth Avenue loft

Oct. 19, 2012
The media last week was all over the recent sale of the “2,271 sq ft” Manhattan loft #6W at 66 Ninth Avenue (the Porter House) because the seller is a retail real estate honcho. The stories (from The Real Deal. here) hit the highlights (full ask sale

5 terraces on 3 levels sell for $3.7 million at 29 West 19 Street (some interior loft space included)

Oct. 11, 2012
I am trying to look past the decor and focus on the interior space in the recently sold “2,042 sq ft” Manhattan loft Penthouse at 29 West 19 Street, but it’s hard: the decor is not especially loft-y and the exterior space is the “wow factor”, if

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

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

240 West 23 Street penthouse loft sales illustrates trough, with a bonus anomaly

Aug. 17, 2012
Regular readers of Manhattan Loft Guy don’t really need to be reminded that the overall Manhattan residential real estate market has seen a cycle of Froth + Peak + Trough + Thaw (+ Rebound) since 2006 as there are a bunch of market-wide metrics to show

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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