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Manhattan Loft Guy

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

quick flip of 52 Thomas Street loft is breathtakingly irrational

Aug. 29, 2013
Sometimes things make so little sense that all one can do is note the facts and move on. I really wish I had something sensible to say about the recent sales history of the “1,967 sq ft” Manhattan loft #4D at 52 Thomas Street, but …. [crickets]. I c

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

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?

unsold 3 times at $1.795mm, 4 West 21 Street loft finally sells at $1.915mm

Jun. 20, 2013
Different day, same (similar) story as yesterday. The folks who just sold the “1,518 sq ft” Manhattan loft #3D at 4 West 21 Street in Flatiron for $1.915mm made sporadic efforts to sell for years, not succeeding at the same (lower) price three times.

another irrational sales sequence, as 250 Mercer Street mini-loft sells up over 2011 ...

Jun. 6, 2013
It is a truism that individual sales don’t have to makes sense, even in the rational market of lore and legend. Nor do sequences of sales of individual Manhattan lofts, as like Bogey & Bergman we’ll always have outliers. Yet this sequence of sales of

market different in 1Q13 over 4Q12, says 107 West 25 Street loft, sold after (unnecessary?) price drop

Jun. 3, 2013
Couple of things about the “1,475 sq ft” Manhattan loft (with “500 sq ft” terrace) #2B at 107 West 25 Street that recently sold for $1.785mm: it did not sell during the last quarter of 2012 from asking prices of $1.895mm (4 weeks) and $1.795mm (1

a(nother) tale of two lofts, as 121 West 17 Street twin sells right in line

May. 17, 2013
If the “1,135 sq ft” Manhattan loft #6D at 121 West 17 Street that just sold at $1,300,777 looks familiar that’s because you are thinking of its twin one flight down, which I hit in my March 8, buy low, sell high: simple advice well executed at 121

45 Lispenard Street loft takes a year to sell at small discount to ask, 11% premium over Peak

May. 13, 2013
The Market just loved the “1,800 sq ft” Manhattan loft #5E at 45 Lispenard Street, as we see from the fact that it sold on April 25 at $2.2mm after selling at near-Peak for just $1,988,500. Any repeat sale 11% over Peak shows a whole lotta love. The c

not a seller’s market at 100 Greene Street, as loft sells under 2007 and 2005

Apr. 26, 2013
Categorized in: Loft neighborhoods / SoHo
I don’t get this one: the same “2,000 sq ft” Manhattan loft in very prime Soho on the 2nd floor of 100 Greene Street that sold for $2.5mm in May 2005 and for $2.633mm in November 2007 just sold again in the same well-dressed condition for $2.425mm.

73 Worth Street loft goes a little above ask, a lot above 2010 (of course)

Apr. 9, 2013
I never tire of these stories: a Manhattan loft with a past sales history that says interesting things about past market conditions, or buyers/sellers who achieve the real estate ideal of Buy Low, Sell High. One of the numbers in this history of past sale

25 Murray Street loft slow walks through market, takes 7 months to deal at small discount

Apr. 6, 2013
The “1,850 sq ft” Manhattan loft #6E at 25 Murray Street (Tribeca Space) recently sold for $2.145mm, at a tiny discount to last ask, less than a 5% discount to the prior ask, and less than a 7% discount to the first two offering prices. Not knowing mo

loft at 217 West 19 Street dances to 13% gain over Peak

Apr. 1, 2013
The “2,400 sq ft” Manhattan loft on the 9th floor of 217 West 19 Street is a worthy Beat The Peak, as it was sold for $4.4mm on February 5 by the woman who bought it on April 30, 2008 for $3.9mm. A quibbler might note that the prior sale was not quite

small 250 Mercer Street loft sale suggests seller got great deal in 2011

Mar. 12, 2013
I am 98% certain that if you look at the 2012 listing photos for the “850 sq ft” Manhattan loft #A301 at 250 Mercer Street you will find that this mini-loft just sold in the same condition, with the same finishes and “elegant mint condition” as in

Seaport loft in very old building sells up $10,473 over 2005, neighbors tremble

Mar. 11, 2013
Manhattan lofts in buildings with slim past sales histories are, of course, difficult to comp. (If you are a buyer or an appraiser, or a Very Interested Spectator of the Manhattan residential real estate game.) And difficult to price. (If you are a seller

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

when life threw 2012 loft buyers at 49 East 21 Street a curve, The Market almost bailed them out

Feb. 5, 2013
I can’t pretend to explain the 5% gain from April 2012 to January 2013 or to know why the April buyer became a January seller, but in the spirit of Sergeant Joe Friday, here are the facts about the “1,308 sq ft” Manhattan loft #3B at 49 East 21 Stre

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

funny prices of 101 Warren Street resale are not so ha-ha

Jan. 29, 2013
After yesterday’s post about a too deep price discount being corrected by The Market, bless her heart (January 28, if robust, The Market will fix a too-low price (at least, it did, at 124 West 24 Street)), I just can’t resist the temptation to tweak a

if robust, The Market will fix a too-low price (at least, it did, at 124 West 24 Street)

Jan. 28, 2013
The seller of the “1,097 sq ft” Manhattan loft #5A at 124 West 24 Street was motivated, and successful. He brought the 2007 era newly converted loft to market on August 23, found a buyer who signed a contract by October 6, and closed on December 31. 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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