New Listings + Sales of Manhattan lofts in last 7 days
This is my third 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. Further wrinkle on the ‘quality’ of the statistics reported: I am becoming frustrated at the lack of consistency in what is reported as a “loft” sale and wonder if that problem will render this exercise one in futility. I see enough listings that are in buildings that I consider loft buildings that are not delineated as lofts that I am not confident this is going ot be worthwhile data; in other cases the agent seems simply to have failed to check the ‘lofts’ box when entering a listing for what is clearly a loft. We’ll see how this goes.
The stats as of Sunday night …
- there were 35 lofts reported as new to the market in the last 7 days, and 18 as sold
- 20% of the 35 new ones are offered from $2mm to $3mm and 20% more from $3mm to $4mm; none of the closed sales were at more than $2.9mm
- 15 of the 35 new loft listings are in new developments, and half of the 18 closed sales
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By price
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New = 35
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Sold = 18
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$500k to $999k
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2
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3
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$1mm to $1.99mm
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16
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9
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$2mm to $2.99mm
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7
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6
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$3mm to $3.99mm
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7
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$4mm to $4.99mm
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2
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$5mm+
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1
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By neighborhood
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New = 35
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Sold = 18
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BatteryParkCity
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1
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Chelsea
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6
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Clinton
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1
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EastVillage
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1
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Financial District
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9
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1
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Flatiron
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2
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2
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Gramercy
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4
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Greenwich Village
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Kips Bay
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Little Italy
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Lower East Side
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Murray Hill
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1
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Midtown West
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1
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SoHo
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5
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1
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Tribeca
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9
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2
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TurtleBay
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1
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Upper East Side
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Upper West Side
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WestVillage
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New loft listings in new developments
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25 Broad Street (The Exchange)
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6
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90 William St (BE@William)
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1
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140 West 22 St (Clement Clarke)
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1
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60 Beach Street
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2
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400 West 12 Street (Superior Ink)
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5
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Sold lofts in new developments
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165 West 18 Street (Slate)
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1
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259 East 7 Street (FlowerboxBuilding)
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1
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124 West 24 Street
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5
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186 Fifth Av
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2
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© Sandy Mattingly 2007
Tagged with: Beach, Bewilliam, Clement Clarke, Closed Sales, Exchange, Flowerbox, New Developments, New Listings, Slate, Superior Ink
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