Manhattan Townhouses | 1-Q 2012 Market Report

By
Real Estate Agent with The Corcoran Group


Manhattan Townhouses

Manhattan Townhouses

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 and multi-family income producing rental buildings for investors.

 

Manhattan Townhouses | Market Report

Average townhouse pricing can be skewed each quarter due to the low number of transactions. East Side townhouse median price increased 5% from last quarter but declined 20% from a year ago, as there were no sales over $14 million in First Quarter 2012 versus five a year ago.

Median price on the West Side increased significantly by 30% from a year ago to $4.5 million due to sales concentrated above $4 million. West Side metrics are skewed from last quarter due to a much lower number of sales.

Median pricing Downtown fell from both last quarter and a year ago, by 15% and 13%, respectively, to $4.1 million. Uptown, townhouse median price remained even with a year ago but fell 6% from last quarter.

 

Manhattan Townhouse Report 1Q-2012

Data from First Quarter 2012

Currently there are approximately 250 single family and multi-family townhouses for sale in Manhattan ranging from $900,000 for a 3656 square foot, 4 story townhouse in the Hamiltion Heights section of Harlem to a 21,000 square foot 45'x89' 5 story single family townhouse on the Upper East Side asking $50,000,000.

If you have questions about this report or about Manhattan townhouses or real estate in general, I'm ready to provide you with expertise and seasoned insight. Looking forward to working with you.

 

2011 Manhattan Townhouse Market Report

Mixed-use Townhouses with Commercial Space Mixed-use Townhouses with Commercial Space

Townhouse listings 

 

 

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Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

Hi Mitchell

Prices have fallen here to but more drastically

Have a wonderfully holiday

Hannah

Apr 06, 2012 10:10 AM #1
Rainmaker
1,462,160
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

At one time I thought I would enjoy living in a brownstone, they are magnificent.  The older I get, the less I want to deal with those multi-level situations.  Amazing how the stats fluctuate from one part of the City to another.  That's Manhattan!

Apr 06, 2012 12:05 PM #2
Rainmaker
511,012
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan, NYC

Hannah, Thanks Happy holiday to you and yours too.

Hi Roger, Thanks, stairs become less desirable the older we get. Have a happy holiday.

Apr 06, 2012 03:17 PM #3
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Rainmaker
511,012

Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC
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