Manhattan Loft Market Report

By
Real Estate Agent with The Corcoran Group

Manhattan Lofts

Manhattan Loft Market report

Manhattan Loft Market Report

 

Median price, at $1.7 million held relatively firm over both time periods.

At $1,188, loft average price per square foot increased 6% from both Second Quarter 2011 and Third Quarter 2010.

Price growth was most prevalent in the 2,500-plus square foot category; median price increased 11% from last quarter and 13% from a year ago.

 

Manhattan Lofts Market report

Data from Third Quarter 2011

Currently there are approximately 400 active loft listings for sale throughout Manhattan. They range from $600,000 for a 1200 square foot walk-up in Harlem to a 10,911 square foot 19 room, 7 bedroom, 5.5 bath Penthouse at The Muitions Building in Tribeca for $28 million.

As always, I will continue to follow closely sales activity and trends in Manhattan Lofts, and would welcome the oportunity to answer any questions about this report, the market in general or any questions about buying or selling real estate in Manhattan.

I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and room count.


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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Mitchell good to see the price on loft space has increased. Loft space is rather attractive; and your expertise in the Manhattan loft space market would be beneficial to sellers or buyers.

Dec 05, 2011 04:58 PM #1
Rainmaker
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Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Mitchell what a great loft space you had pictured, I can see some Holiday festivities going on in there.

Dec 05, 2011 11:32 PM #2
Rainer
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Pat Mistretta
ERA Morris & Raper Real Estate Consultants - Atlanta, GA
Atlanta Lofts and City Living

Mitchell - There's nothing like a New York loft!  Thanks for the info and I will keep your name in mind if I know of anyone relocating to New York that is interested in lofts.

Jan 28, 2012 09:47 AM #3
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Rainmaker
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Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC
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