new Manhattan loft listings, closed sales + inventory in last 7 days
This is my twenty-fifth 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, and the second to include "inventory".
The stats as of Sunday night …
-
there were 50 lofts reported as new to the market in the last 7 days and 20 as sold
-
32 of the 50 new ones are offered between $1mm and $3mm, while 15 of the 20 closed sales were under $3mm
-
only 4 of the 50 new loft listings are in new development, and 5 of the 20 closed sales were in new development
-
there are (still) 500 lofts reported as available for sale, despite the (typical) imbalance between lofts new to market and lofts sold
By priceNew = 50
Sold = 20
$500k to $999k6
4
$1mm to $1.99mm18
6
$2mm to $2.99mm14
5
$3mm to $3.99mm6
3
$4mm to $4.99mm2
$5mm+4
2
By neighborhoodNew = 50
Sold = 20
Battery Park CityChelsea4
1
Clinton
2
East Village
Financial District6
5
Flatiron4
Gramercy3
2
Greenwich Village8
2
Kips Bay1
Little Italy
Lower East Side1
Murray Hill1
Midtown West
1
SoHo3
3
Tribeca7
2
Turtle Bay
1
Upper East Side
1
Upper West Side7
West Village5
New loft listings in new developments420 West 25 Street (Loft 25)
1
15 East 26 Street (15 Madison Sq No)
1
243 West 60 Street (Adagio)
2
Sold lofts in new developments421 West 54 Street (Hit Factory)
2
20 West Street (Downtown Club)
3
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.
The new data point from last week is Loft Inventory; see that review for some commentary about the weakness of this number.
© Sandy Mattingly 2008
Tagged with: Adagio, Closed, East 26, Inventory, Loft 25, Madison Square, New Listings, Sales, West 54, West 60
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