New Listings + Sales of Manhattan lofts in last 7 days
This is my second 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: some new developments will report an occasional contract at the same time they report the unit is On The Market. I noticed one such example this week at The District, 60 Ann Street. I suspect that this occurs sometimes due to poor record-keeping and I know that it sometimes occurs because the developer will release a specific unit for sale because a specific buyer wants that unit (“I am not interested in #7C but would buy #17C f you released it now”) or because the developer announces a string of “pre-sales” contracts taken before they began actively marketing (such as at The Alexander, 250 East 49 Street) this week.
I am still at the stage of just spitting this out, without analysis of any weight. The stats as of this morning …
- there were 45 lofts reported as new to the market in the last 7 days, and 11 as sold
- about 70% of the new ones are offered under $2mm
- 40% of the new loft listings are in new developments, and 2 of 11 of the closed sales
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By price
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New = 45
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Sold = 11
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$500k to $999k
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13
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5
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$1mm to $1.99mm
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19
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1
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$2mm to $2.99mm
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4
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5
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$3mm to $3.99mm
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2
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$4mm to $4.99mm
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4
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$5mm+
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3
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By neighborhood
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New = 45
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Sold = 11
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Chelsea
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3
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Clinton
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1
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EastVillage
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3
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1
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Financial District
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1
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2
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Flatiron
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5
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Gramercy
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2
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Greenwich Village
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4
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3
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Kips Bay
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10
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Little Italy
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Lower East Side
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1
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Murray Hill
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2
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Midtown West
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SoHo
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4
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1
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Tribeca
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3
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2
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TurtleBay
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5
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Upper East Side
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1
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1
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Upper West Side
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WestVillage
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1
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New loft listings in new developments
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60 Ann Street (District)
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1
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16 West 19 St (Jade)
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1
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114 East 32 St (Jasper)
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10
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304 Spring St
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1
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250 East 49 Street (The Alexander)
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5
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Sold lofts in new developments
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88 Laight Street
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1
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259 East 7 Street (FlowerboxBuilding)
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1
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© Sandy Mattingly 2007
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