2015 Manhattan Townhouse Report

By
Real Estate Agent with The Corcoran Group

 

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 townhouses sold in Upper Manhattan in 2015 than in any other area.



With fewer than 300 sales in any calendar year, townhouse represent one of the most fascinating niche segments of Manhattan's residential real estate market. This report surveys sales of single-family and multi-residence townhouses throughout the borough.

Please feel free to reach out to me if you have any questions about the Townhouse Report or the Manhattan Townhouse market.

 

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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Mitch, this is a very thorough report.  I find it interesting that the multil familiy homes tended to sell for less than the single families.  

Mar 01, 2016 10:18 AM #1
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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Mitchell J Hall Thank you for sharing.  This report is very informative and professional!  It is always good to see how a local market is performing.  This is great stuff for buyers and sellers alike.  

Mar 01, 2016 09:40 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Mitchell

That's a pretty thorough report with some impressive statistics. Single family homes are the way to go if it's in your budget!

Jeff

Mar 02, 2016 11:11 PM #3
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Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
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