2015 Manhattan Townhouse Report

Among it's Findings:

• The number of townhouses sold fell by 12% versus 2014

• The value in townhouses continued to rise-up 11% over 2014 to $1,730/sf

• For the first time in 2015, more than half of the townhouses sold traded over $5MM

• The disparity in value per square foot between townhouse and apartments has led to significant interest in the investment potential of townhouses.

• Thanks to their relative affordability and renovation potential, more e.

• This dynamic fueled the 35% annual gain in median price as well as the 27% increase in average price.