Lenox Hill townhouses in demand among wealthy New Yorkers

TRD New York /
Nov.November 28, 2011 11:14 AM

Lenox Hill single-family mansions have become some of the city’s most in-demand properties, the Wall Street Journal reported, but they’re rare and often pricey.

The median asking price for a Lenox Hill home is $1.2 million, or $1,045 per square foot, according to data from Streeteasy.com, compared to $1,020 a square foot in the Carnegie Hill neighborhood and $999 a square foot on the Upper West Side. Closing prices for townhouses in Lenox Hill have ranged from $8 million to $48 million since 2008, data shows.

“It’s rare to find a house in Manhattan” that is the size of the single-family homes in Lenox Hill, said Susan Greenfield, senior vice president at Brown Harris Stevens. “The people that buy the townhomes really want the space.”

Renting a townhouse in Lenox Hill can often be as expensive as buying in that neighborhood. Monthly rents range from $20,000 to $50,000, said Julie Rose, an agent at Citi Habitats.

Prospective buyers are drawn to the neighborhood because of its proximity to Central Park and Midtown, Greenfield told the Journal. [WSJ]


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