nyc BLOG estate

nyc BLOG estate

Manhattan Lofts

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.

Data from third quarter 2011 Corcoran Report

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.

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