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New Listings + Sales of Manhattan lofts in last 7 days

Sandy MattinglyPosted on Posted in market data reports — No Comments ↓


This is my fourth report on the number, price distribution and neighborhood distribution for Manhattan lofts reported as new to the market or as closed sales in the last 7 days.

For information about how I get this stuff and why I slice it as I do, see methodology for New + Sold in The Last Seven Days.

As I have said, we’ll see how this goes, as the ‘quality’ of data is frustratingly poor. This week’s wrinkle is that a new development on the Upper West Side, Adagio 60 at 243 West 60 Street, has multiple data entry errors, and 3 new listings there this week show up as duplicates, under the mistaken address 30 West 60 Street. I have taken those out of the umbers, in hopes that the error will be picked up sooner or later and all the duplicate stuff for this project will be removed.

The stats as of Sunday night …

  • there were 26 lofts reported as new to the market in the last 7 days, and 18 as sold

  • 11 of the 26 new ones are offered under $2mm and 10 more from $2mm to $3mm; 13 of 18 closed sales were below $2mm

  • only 6 of the 26 new loft listings are in new developments (all in the same development), and only 4 of the 18 closed sales (again, all in the same development)

By price
New = 26
Sold = 18
$500k to $999k
3
3
$1mm to $1.99mm
8
10
$2mm to $2.99mm
10
1
$3mm to $3.99mm
2
1
$4mm to $4.99mm
1
2
$5mm+
2
1

By neighborhood
New = 26
Sold = 18
BatteryParkCity
Chelsea
2
5
Clinton
1
EastVillage
2
1
Financial District
4
Flatiron
2
Gramercy
Greenwich Village
4
1
Kips Bay
1
1
Little Italy
Lower East Side
Murray Hill
Midtown West
SoHo
3
Tribeca
3
3
TurtleBay
Upper East Side
2
Upper West Side
3 6
1
WestVillage
1
1

New loft listings in new developments

243 West 60 Street (Adagio 60)
6

Sold lofts in new developments

124 West 24 Street
4
© Sandy Mattingly 2007

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