The Real Deal New York

Lofts: The raw and the cooked

City’s dwindling stock of “true” lofts get tricked out as super-luxe abodes

January 18, 2015 01:00PM

481 Greenwich Street

481 Greenwich Street

From Luxury Listings NYC: Gone are the days when a limestone mansion on the Upper East Side was the ultimate New York City status symbol. Today, it’s an expansive downtown loft that has become the quintessential Manhattan home. Romanticized by Hollywood and television producers (think late-1980s/early-1990s blockbusters like “Big,” “Ghost” and “Three Men and a Baby”), the ad-hoc live-work spaces of Soho, Tribeca and beyond are now the fixation of wealthy homebuyers the world over. Yet today, just over 40 years since they were legalized for residential occupancy, only a handful of truly raw lofts exist in all of Manhattan, industry insiders told Luxury Listings. [more]

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