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Manhattan Loft Guy

50 West 29 Street build-out loft sale not as simple as it looks

Sep. 27, 2013
The recent sale of the “1,400 sq ft “ Manhattan loft #13W at 50 West 29 Street looks pretty simple: to market on April 10 at $1.475mm, in contract by June 20, and sold on August 22 at $1.5mm. That first period seems a little long for a loft to sell ov

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

463 Greenwich Street loft is a fascinating project, sells at $1,442/ft

Aug. 20, 2013
The “1,320 sq ft” Manhattan loft on the 4th floor at 463 Greenwich Street in northwest Tribeca is an interesting comp for yesterday’s somewhat primitive loft in prime Soho. Similar in size and in having classic loft character (I know it when I see i

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

108 Reade Street loft goes to war, secretly, beats the heck out of 2011 market

Jul. 19, 2013
Still groggy from a 4AM wake-up call on Wednesday in Buenos Aires and an overnight flight from Chile to JFK on (still) Wednesday night, but it is time to get out of the Manhattan Loft Guy archives and back into relatively current loft sales. I present for

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

129 West 22 Street loft seller rewarded by 24% in 26 months for not renovating

Jun. 28, 2013
Every “arm’s length” sale is a snapshot of the agreement that a buyer and a seller made about the value of a property at a particular point in time. Econ 101, right? And a pair of such snapshots of the same property at two different points in time t

scary sale of small loft at 19 Hubert Street

Jun. 24, 2013
The recent sale of the “1,100 sq ft” Manhattan loft on the 4th floor of 19 Hubert Street is the canary in the coal mine only for Tribeca small loft buyers who have not been paying attention. For active and informed searchers, the sale is just a rude e

not new news, but Sonic Youth sell close-to-raw loft at 292 Lafayette at $1,033/ft

Apr. 8, 2013
Categorized in: Loft neighborhoods / SoHo
You’d never see this kind of color in a listing description (darn), but the loft that was described in New York Magazine in the 1990s as “a perfect combination of total trash and sweet shine” has been sold. It ain’t new news, as the sale occurred

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

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

working artist loft at 121 Mercer Street sells just under $1,000/ft

Jan. 18, 2013
Categorized in: Loft neighborhoods / SoHo
There are artist’s lofts and then there are artist’s lofts. The “2,000 sq ft” Manhattan loft on the 2nd floor at 121 Mercer Street deep in the heart of Soho is recognizably an artist’s loft on the floor plan and in the pictures. Start with the 1

walking up is hard to do: primitive loft at 37 Walker Street sells with 4 flights of stairs down 5% since 2006, sorta

Jan. 3, 2013
I am going to try very hard not to snark (too much) about the broker babble that supported the recent sale of the sizzling pad STRIKE “2,191 sq ft” Manhattan loft on the top two floors at 37 Walker Street, because the real story about the sale is how

hard to argue with success, as owner sells 29 East 22 Street with NO BROKERS (no “please"?)

Dec. 27, 2012
I can appreciate that owners want to “save” money by not listing with an agent, and even that some owners are able to do it. (Most owners who go FSBO put less money in their pocket, but that’s a longer story.) The owner who sold the “1,600 sq ft

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 years to contract for 139 Spring Street artist's loft

Nov. 29, 2012
Categorized in: Loft neighborhoods / SoHo
It is a little unfair of me to say it took two years for the recently sold “2,522 sq ft” Manhattan loft #3B at 139 Spring Street find a contract, even though the loft was brought to market on October 1, 2010. The trick is that there was a contract by

efficient market for primitive loft space at 395 Broadway

Sep. 15, 2012
395 Broadway is now, officially, a Manhattan Loft Guy favorite building. You will see (below) that I have hit finished and unfinished lofts here, lofts with views and light and lofts without, lofts that sold quickly, and (several) lofts that traded around

quintessential artist loft sells for $1,525/ft at 38 Crosby Street

Sep. 13, 2012
Categorized in: Loft neighborhoods / SoHo
A day after hitting an architect designed Greenwich Village loft that sold under $1,000/ft (September 12, “noted architect” will be disappointed that “incredible” 200 Mercer Street loft went for $939/ft), here is a “2,000 sq ft” Soho “quinte

third 307 West Broadway loft sells in 2012

Sep. 5, 2012
Categorized in: Loft neighborhoods / SoHo
Small Manhattan loft buildings have fragile ecosystems, and the smaller the more fragile. Take as one example the 7-unit oh-so-classic loft building 307 West Broadway at the extreme southern edge of Soho. I hit it when the New York Times did a wonderful p

130 Fulton Street loft sells 4% over 2007, but there’s a really big catch

Aug. 7, 2012
Readers who remember my September 27, 2011, is the Manhattan loft market back to (up to) 2007? 61 repeat sales say “probably”, “a bit” (one of my favorite posts of 2011), will hardly be surprised that the “1,853 sq ft” Manhattan loft #5A at 13

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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