Are you a buyer who is on the hunt for the perfect NYC loft? If you’re interested in purchasing New York City real estate in a converted warehouse or factory, you should be prepared to pay up, as prices for NYC lofts are very high. This is in part due to the strong demand for these properties, but also due to their size. Most lofts in Manhattan are between 1,500 and 3,000+ square feet. They are generally located in highly desirable neighborhoods like Soho and Tribeca, which are two of the most expensive areas in NYC. It can be very challenging to find a Soho loft for sale for under $3 million, while Tribeca lofts also sell for similarly high prices. You can also find lofts in Chelsea, Flatiron, and Hell’s Kitchen, although they’re rarer in these neighborhoods.
For a more affordable NYC loft, you can head to other boroughs where smaller and cheaper lofts are available for sale. For example, it’s not uncommon to find 800 to 1200 square foot lofts for sale parts of Brooklyn selling for under $1 million, but you might not always get all the classic industrial details you’d expect of a typical NYC loft. That means you can still expect a spacious, open floor plan and soaring ceiling heights, but you might not have beamed ceilings or exposed brick.

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