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Manhattan Real Estate Information


When it comes to lofts New York has so many styles and sizes to choose from. Usually they start out as commercial or industrial buildings that are converted into apartments. What really apppeals to hese buyers is the large open spaces with high ceilings. These are very popular with artists as a place to live and work. Recently non-artists
have found this way of living to be very inviting and are choosing lofts as well. If you enjoy space, hardwood floors and don't need other facilities where you live then this would be a really good choice. In recent years the new trendy buildings of Soho, Tribeca ad Chelsea have ben built to include full-service living, including a full-time doorman, laundry and maid service as well as gyms and recreation facilities.

Usually you'll find artists, professionals of all ages, singles, some students living in loft style buildings.

Average cost for a 1-bed: $400K - $2+M
Monthly rent for a 1-bed: $2,500 - $4,500
Average size of a 1-bed: 800 -2000 or more sq. ft..
Lofts are found in Greenwich Village, SoHo, TriBeCa, Chelsea, Flat Iron, and Lower Manhattan.
When you purchase a loft there are no special procedures to go through. However, you have to be certain about permits relating to working and living in your space.

Renting lofts is generally fairly straight forward. Owners are usually individuals not corpoartions.


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