295 Lafayette Street (The Puck Building)Recorded sales & closing prices

Six residences means turnover is measured in single transactions, not in trends. Since the first closing in 2014, every one of the six unit lots has traded at least once and several have traded twice, always as individual arms-length deeds to separate, unrelated buyers recorded in ACRIS. The homes are among the largest condominium residences downtown, and they price accordingly — at the top of the NoHo, NoLIta and SoHo loft market rather than within it.

Two adjustments matter when benchmarking. First, the plan's measurement convention is generous, so a straight dollars-per-square-foot comparison against buildings measured differently will understate the price paid for usable space here. Second, there is no tax abatement and no reserve fund established at the plan, so the carrying number is the full number. Comparables should be drawn from the small set of large-format landmark loft conversions downtown rather than from new-development towers, whose economics, measurement and governance are all different. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.