new Manhattan loft listings + closed sales in last 7 days
This is my fiftieth 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.
The stats as of Sunday night:
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there were 39 Manhattan lofts reported as new to the market in the last 7 days and only 16 as sold — nearly all of the action in resales
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31 of the 39 new ones are offered below $3mm, while 9 of the 16 closed sales were below $2mm
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only 1 of the 39 new loft listings is in new development, and only 1 of the 16 closed sales is in new development
By priceNew = 39
Sold = 16
$500k to $999k8 3 $1mm to $1.99mm14 6 $2mm to $2.99mm9 2 $3mm to $3.99mm5 3 $4mm to $4.99mm$5mm+3 2
By neighborhoodNew = 39
Sold = 16
Battery Park CityChelsea5 1 ClintonEast VillageFinancial District2 1 Flatiron2 1 Gramercy2 3 Greenwich Village6 3 Kips Bay1 Little ItalyLower East Side2 Morningside Heights Murray Hill3 Midtown EastMidtown West 1 SoHo3 1 Tribeca4 3 Turtle Bay1 Upper East Side2 Upper West Side1 1 West Village6
- New loft listings in new developments
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1 York Street (One York) 1
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Sold lofts in new developments
75 Ludlow Street (Ludlow Lofts) 2
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. For my most recent rant about how soft this data may be, see loft or not? caution: active ranting ahead.
© Sandy Mattingly 2008
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