rich sales data / 7 lofts with at least 4 sales

spate of lofts that recently sold for 4th time
When I hit the recent sale of #5F at 345 West 13 Street in my January 6, 345 West 13 Street loft is candidate for sale of the year, but the year was 2009, I made much of the fact that it had just sold for the third time since 2005, and that these three sales were at very interesting prices. I did not mention that this loft has a four-sale history, going back to 1999. It is actually one of 7 lofts in my Master List of Manhattan Lofts Sold Since November 2008 that sold in the Fourth Quarter of 2010 and for which I have at least four recorded sales prices.

I will leave for another day any attempts to generalize broadly from these 4-or-5–time sellers, but here they are:

345 West 13 St #5F

• 12/1/2010    $4,400,000
• 6/30/2009    $3,000,000
• 12/15/2005    $3,875,000
• 5/28/1999    $1,146,000

8 Greene St #4

• 11/15/2010    $1,490,000
• 4/27/2006    $1,550,000    
• 7/21/2000    $775,000    
• 2/22/1999    $525,000    
• 8/19/1998    $289,000

114 Mercer St #2

• 11/15/2010    $1,950,000
• 8/21/2006    $1,625,000    
• 3/4/2004    $1,200,000    
• 4/19/2002    $1,125,000

129 West 20 St #4B [Chelsea Quarter]

• 11/12/2010    $2,300,000
• 1/8/2007    $2,300,000    
• 12/4/2003    $1,285,000    
• 10/12/2000    $1,325,000   
•  6/22/2000    $1,094,000

12 West 18 St #4W

• 10/29/2010    $1,415,000
• 7/12/2006    $1,835,000    
• 1/6/2001    $965,000    
• 10/1/1991    $345,000

99 Reade St #5F [Reade Court]

• 10/14/2010    $1,170,000
• 4/3/2006    $1,130,000    
• 5/17/2002    $690,000    
• 9/11/1996    $340,000

15 Mercer St #4A

• 10/6/2010    $3,700,000
• 6/13/2003    $2,225,000    
• 5/9/2001    $2,282,000    
• 8/22/2000    $1,544,750

That is a variety of experiences, from 2 lofts essentially quadrupling in value from 1998-99 to 2010 (345 West 13 St #5F and 8 Greene St #4), to 3 lofts not quite doubling in value from 2002-03 to 2010 (114 Mercer St #2, 129 West 20 St #4B, 99 Reade St #5F), to 3 lofts being essentially flat since 2006-7 (8 Greene St #4, 129 West 20 St #4B, 99 Reade St #5F) while one other slumped badly (12 West 18 St #4W) and one gained since then (114 Mercer St #2).

Small data points, so there is limited utility, but still … some concentrated data.

© Sandy Mattingly 2011