Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Manhattan Loft Guy

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

not all lofts have open kitchens, least not at Chelsea Mercantile at 252 Seventh Avenue

Jul. 3, 2013
Categorized in: loft style
One of the hallmarks of residential loft-style living is an open kitchen; indeed, I would argue that this element was one of the early dividers between people who liked “lofts” compared to people who liked “apartments”. To generalize quite a bit,

in which Manhattan Loft Guy bravely calls BS on the Market Trend Meme Of The Day

Jan. 4, 2013
Categorized in: Market Trends
Anyone who has any interest in the state of the overall Manhattan residential real estate market has already seen one or another of the articles from the Manhattan Media Division of the Real Estate Industrial Complex about the state of The Market at the e

Bull Moose loft is first post-thaw sale without outdoor space at 42 East 20 Street, up 54%??

Oct. 8, 2012
As my buddy Noah at Urban Digs is fond of pointing out, the ideal way to do comps is to use a recent sale in the same building of a loft of similar scale. That task is more difficult when the last sales in the building were in very different market condit

bromancing The Miller: squiggly chart explains (not quite) everything about Manhattan real estate trends

Jul. 17, 2012
You don’t have to be a long-time reader of manhattan Loft Guy to know I have a thing for The Appraiser Who Must Be Named, aka the appraiser who must be named The Miller as a sign of respect for his very public efforts to increase transparency in the Man

secrets of the Master List: 16 Manhattan lofts that HIT The Market

Aug. 23, 2011
Categorized in: Market Trends
One recurring topic of my frequent notes to self is to use the aggregate data about Manhattan loft transactions that I collect in the Master List of Manhattan Lofts Sold Since November 2008 (N.B., lofts downtown that close between $500,000 and $5,000,000)

the scandal in the quarterly report data on Manhattan residential real estate sales

Apr. 1, 2011
Categorized in: Market Data - reports
Two quick take-aways from the first stories about the major firm quarterly market reports on Manhattan residential real estate sales that are in the papers this morning, this one from the Vivian Toy piece on page A24 in today’s New York Times, After Mon

The Miller found 9.2% of deals above ask; Manhattan Loft Guy, not so much

Feb. 19, 2011
Categorized in: Market Trends
This week my favorite numbers geek for the Manhattan residential real estate coop and condo market weighed in with his (semi) regular Curbed feature, Three Cents Worth, with A Look at Overpaying in Manhattan on February 15. The text contains The Miller’

Manhattan loft market mirrors overall market (boring!), except (slightly) outperforms on inventory

Jan. 5, 2011
Categorized in: Market Data - reports
As is my custom following the quarterly reports, the two tables below break out the (limited) loft-specific data from the three major firms that do quarterly market reports for Manhattan residential real estate and then provide some (deeper) overall marke

fourth quarter Manhattan residential market reports hit / what's your favorite number?

Jan. 4, 2011
Categorized in: Market Data - reports
So far I have only taken a quick look at the three brokerage firm reports and two major news articles about them. I will post again after I have chewed on the numbers (particularly, on the loft numbers), but my first blush reaction is that the reports are

loft with three mints at 130 Watts Street close off 5% from 2005

Oct. 6, 2010
The fact that the Manhattan loft #3N at 130 Watts Street sold on July 21 at 5% under where those sellers bought in October 2005 is (to me) interesting enough. That sequence lead me to ruminate about where The Peak might have been for that loft: it probabl

is the 2010 strength in Manhattan loft sales odd, or even notable in a Lake Wobegon sense?

Oct. 3, 2010
Categorized in: Market Data - reports
Here is something I see: if there are as many Manhattan lofts sold in the Fourth Quarter of 2010 as were sold in any other quarter this year, this year’s total will approach or exceed the best year for loft sales in the last seven (2008). Here is someth

Manhattan loft market outperforms in volume (big) + absorption

Oct. 2, 2010
Categorized in: Market Data - reports
Yesterday I beat up a little bit on Vivian Toy’s traditionally formatted New York Times article about the 4 major quarterly Manhattan real estate market reports for the Third Quarter and a bit more on the brokerage part of the Manhattan Real Estate Indu

why the race to (call) the bottom? third quarter Manhattan real estate market reports hit

Oct. 1, 2010
Categorized in: Market Data - reports
I am pretty sure I am in the minority about this, but I believe that major players in the Real Estate Industrial Complex in Manhattan are missing a shift in how consumers want information processed for them. There may be more than enough business to do --

12 examples of the (rapid) velocity of the Manhattan loft market

Jul. 7, 2010
Categorized in: Market Trends
Which leads me to the list below of some of the Manhattan lofts that sold in June, all 12 of which found contracts within five weeks of coming to market. When I was updating the Master List of Lofts Sold Since November 2008 over the weekend (before I had

how did lofts do last quarter compared to overall Manhattan real estate market?

Jul. 6, 2010
Categorized in: Market Data - reports
Looking at the numbers reported in the market reports for Manhattan real estate in the second quarter of 2010, the loft niche out-performed the overall Manhattan market in terms of transaction volume, even with overall market volume up about 80% (The Mill

quick hit: WSJ finds Manhattan real estate market "healing" in Second Quarter

Jul. 1, 2010
Categorized in: Market Data - reports
My post this morning (for real: Second Quarter Manhattan real estate market report numbers out) chewed on (and chewed over) the NY Times article today by Vivia Toy about the major firms' reports on coop and condo sales in Manhattan in the Second Quarter.

for real: Second Quarter Manhattan real estate market report numbers out

Jul. 1, 2010
Categorized in: Market Data - reports
When I blogged this week about actual research done by the Wall Street Journal from city data about coop and condo sales in Manhattan (June 28, first Second Quarter Manhattan real estate market report numbers out), I noted that the NY Times probably then

how did lofts do last quarter compared to overall market?

Apr. 6, 2010
Categorized in: Market Data - reports
Having sniped at the media narrative (April 2, first impression of First Quarter reports) and then having psycho-analyzed the Big Firm reporting styles (April 5, second impression of First Quarter reports) it is (finally!) time to actually look at the num

second impression of First Quarter reports

Apr. 5, 2010
Categorized in: Market Data - reports
I don't know how many people actually do this, but I have now read the Manhattan real estate quarterly reports from each of the Big Firms. This exercise cause me to wonder why they do it ... what benefits do they seek in issuing these reports? Clearly, th

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.

Subscribe

Your E-mail Address:
Subscribe to:

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...

Archive

Favorite Links

Site Feed

RSS Feed