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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

room or light? Tribeca or Chelsea? 2 lofts sold above ask at $2.645 million have different charms

Sep. 24, 2013
Categorized in: loft style
I had ticketed two contemporaneous Manhattan loft sales back when there was a summer in New York; now is a good time to check them out. The “1,789 sq ft” Manhattan loft on the 3rd floor of 56 Thomas Street and the “1,493 sq ft” Manhattan loft #12A

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

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

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

1 Bond Street loft goes over $1,500/ft for 3 windows

Sep. 16, 2013
Categorized in: loft neighborhoods / NoHo
Last week it was the problems caused by the elevator placement in a Manhattan loft with a classic Long-and-Narrow shape (September 13, 77 White Street loft lacks “bedrooms” because elevator is in the wrong place). Today, the recently sold “1,600 sq

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

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

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,

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

152 Wooster Street loft shows that character matters, competition drives premium

Aug. 19, 2013
Categorized in: Loft neighborhoods / SoHo
Some stories never get old, so here’s another one from the Bidding War Files. The cool things about the “1,360 sq ft” Manhattan loft #2C at 152 Wooster Street that just sold 12% above the asking price require me to quote from some professional broke

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

Flower District mini-loft sells above ask but flat to 2007 at 131 West 28 Street

Aug. 15, 2013
I can never top Shark Week, but this is the third post in a row about a Manhattan loft that sold above asking price. In the other two posts (August 12, from raw to mints, 14 Jay Street loft doubles in value, and August 14, difficult penthouse loft sells a

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

from raw to mints, 14 Jay Street loft doubles in value

Aug. 12, 2013
The recently sold “1,620 sq ft” Manhattan loft on the 3rd floor at 14 Jay Street is a rather recent sale (July 15) but it does not reflect the recent market: the deal that just closed was entered into last Fall (contract date is October 24). Well, it

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

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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