Manhattan Townhouse Market Update

Manhattan Townhouse Market Update

Townhouses on the Upper West Side

New Yorkers lived in townhouses during the 19th Century. Single Family Townhouses
and Mansions were made of Brownstone and Limestone. The Townhouse market today

is very desirable as single family homes, multi-family and mixed-use income producing buildings for investors.

Townhouse are a niche in the luxury market, representing a small fraction of the city's housing stock. Compared with condos, the townhouse market is priced at a relative discount.

Currently there are 334 active townhouse listings in Manhattan. The average price is $12,184,194. The median price is $8,837,500. The average price per square foot is $2,139. Average days on the market is 208. 295 townhouses have recently sold in Manhattan. The average sale price was $6,514,908.

As always, I will continue to follow closely the townhouse market including sales activity and trends, and I welcome the opportunity to answer any questions about the market in general or any questions about buying or selling a townhouse.

Mixed-use Townhouses with Commercial Space