Below is a list of Noho co-op sales in the last 12 months. Farther below you'll find a similar list of condo sales.
Space does not permit the inclusion of condition on the chart, but the unit on LaGuardia Place was called a wreck, and 439 Lafayette 4th floor, 722 Broadway and 200 Mercer were called "good" which usually means the property needs some work. All the others were said to be in excellent condition.
Maintenances varied from 69 cents to $1.29 p.s.f. (remember, none of these has a doorman), with the average at 94 cents p.s.f.
| CLOSED NOHO CO-OP LOFT SALES, 8.25.10--8.25.11 | |||||||
| ADDRESS | APT # | RMS | BRS | BTHS | SF | SALES PRICE | $PSF |
| 48 Great Jones | 4F | 7 | 3 | 2 | 2,500 | $3,240,000 | $1,296 |
| 27 Bleecker | 5B | 5 | 2 | 2 | 2,200 | $2,700,000 | $1,227 |
| 10 Bleecker | 6D | 0 | 1 | 2 | 1,100 | $1,325,000 | $1,205 |
| 27 Bleecker | 4B | 5 | 2 | 2 | 2,200 | $2,630,000 | $1,195 |
| 10 Bleecker | 1C | 1 | 0 | 0 | 1,700 | $1,530,000 | $900 |
| 710 Broadway | 5 | 3 | 3 | 2 | 2,300 | $2,035,000 | $885 |
| 439 Lafayette | 4TH | 6 | 0 | 2 | 3,800 | $3,270,000 | $861 |
| 10 Bleecker | 1A | 3 | 1 | 1.5 | 1,700 | $1,375,000 | $809 |
| 10 Bleecker | 1B | 5 | 2 | 2 | 1,850 | $1,400,000 | $757 |
| 520 Laguardia | 1N | 5 | 2 | 2 | 1,500 | $1,080,000 | $720 |
| 722 Broadway | 5 | 6 | 3 | 2 | 2,200 | $1,575,000 | $716 |
| 200 Mercer | 3E | 4 | 1 | 1.5 | 2,300 | $1,495,000 | $650 |
| 722 Broadway | 7 | 5 | 0 | 2 | 2,200 | $1,300,000 | $591 |
| AVERAGE | $909 | ||||||
| THE FOLLOWING LOFT HAS SUBSTANTIAL OUTDOOR SPACE | |||||||
| 439 Lafayette | PH | 8 | 4 | 3.5 | 3,800 | $7,190,000 | $1,892 |
Now for the condos. Bear in mind that the condos have a number of features that make for higher prices per square foot. First, most of them are either new construction or new conversions.
Not only does this mean they're new and shiny, but it also means they've had the benefit of a highly aggressive marketing campaign. Many of them have the added cachet of a starchitect's name attached.
Also, they often have doormen as well as lots of other amenities.
All of these were said to be in excellent condition except 5 East 3rd Street and 14 E 4, #821, which were called "fair." This usually means the property needs major work.
Monthlies varied from a high of $1.93 per square foot to a low of 78 cents p.s.f., with the average at $1.46 p.s.f.
| CLOSED NOHO CONDO LOFT SALES, 8.25.10--8.25.11 | |||||||
| ADDRESS | APT # | RMS | BRS | BTHS | SF | SALES PRICE | $PSF |
| 1 Bond Street | 6C | 6 | 2 | 2 | 2,417 | $2,100,000 | $869 |
| 5 East 3rd Street | 5THFL | 5 | 2 | 1 | 1,900 | $1,800,000 | $947 |
| 14 East 4th Street | 821 | 4 | 2 | 2 | 1,198 | $1,385,000 | $1,156 |
| 40 Bond Street | 9B | 4 | 2 | 2.5 | 2,076 | $5,632,000 | $2,713 |
| 48 Bond Street | 7A | 4.5 | 2 | 2 | 1,590 | $2,395,000 | $1,506 |
| 54 Bond Street | 4THFL | 6 | 3 | 2.5 | 2,274 | $4,300,000 | $1,891 |
| 54 Bond Street | 3RDFL | 6 | 3 | 2.5 | 2,274 | $4,365,000 | $1,920 |
| 48 Bond Street* | 4B | 4.5 | 2 | 2 | 1,551 | $2,195,000 | $1,415 |
| 57 Bond Street | 3E | 6 | 3 | 2.5 | 2,125 | $3,200,000 | $1,506 |
| 14 East 4th Street | 803 | 1 | 0 | 0 | 1438 | $1,480,000 | $1,029 |
| 14 East 4th Street | 509 | 1 | 0 | 1 | 1511 | $2,600,000 | $1,721 |
| AVERAGE | $1,516 | ||||||
| THE FOLLOWING CONDOS HAVE SUBSTANTIAL OUTDOOR SPACE | |||||||
| 6 East 1st Street | 5A | 6 | 3 | 3.5 | 3,600 | $5,450,000 | $1,514 |
| 14 East 4th Street | PH1108 | 7.5 | 3 | 2 | 3,370 | $4,695,000 | $1,393 |
| 48 Bond Street | PH+GAR | 13 | 5 | 4 | 6,440 | $14,208,625 | $2,206 |
| 54 Bond Street | PH | 7 | 4 | 5 | 4,863 | $13,491,812 | $2,774 |
| *48 Bond is actually a co-op with no board approval and unlimited subletting | |||||||
This may give you at least a vague idea of what your loft might be worth, depending on condition, maintenance, etc. For a more specific market valuation, call or e-mail me. No charge, no obligation. (I do this for fun. Really.) 917-991-9549 or cstimpson@stribling.com
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