The Real Deal New York

From the February issue: West Village townhouses are increasingly breaking the $10 million mark
and attracting the city’s wealthiest buyers. But some brokers fear that
the neighborhood’s once bohemian edge is being overwhelmed and diluted
by high-end condos and luxury retail. While the neighborhood has seen a falloff from the frenzied market of two years ago, when apartments would get snapped up within 48 hours through bidding wars, $2,000-plus per-square-foot sales are the norm today for new construction. Experts interviewed for The Real Deal’s Q & A this month said there is virtually nothing on the market for less than $1,600 a square foot and note that one penthouse in the former Superior Ink factory, converted by the Related Companies, went for $4,000 a square foot.