Manhattan’s luxury townhouse market has a big week

New York /
Apr.April 29, 2013 11:45 AM

A whopping six Manhattan luxury townhouse contracts were signed last week, the most in a given week since last June, according to the latest market report from residential brokerage Olshan Realty.

So far this year, 48 contracts on townhouses have been signed at asking prices of $4 million and up. Sales increased 33 percent over the same period in 2012, and the average asking price for a townhouse rose 4 percent – to $1,669 per square foot. Overall, 33 Manhattan homes priced at $4 million and above went into contract last week, including 22 condominiums and five co-ops, according to the report.

The two largest signed townhouse contracts of the week were both mansions that, at different times, served as the Kips Bay Boys and Girls Club’s Decorator Show House. The top contract was 54 East 64th Street, a commercially zoned four-story house with an asking price of $28 million. The second-largest contract was 163 East 63rd Street, a 40-foot-wide house built in 1919 and once owned by John Hay “Jock” Whitney, former U.S. ambassador to the United Kingdom.

Townhouses continue to be a better value than condos and co-ops, the report said. –Mark Maurer


Related Articles

arrow_forward_ios
9 East 71st Street and Jeffrey Epstein (Photos via Getty)
Jeffrey Epstein’s UES townhouse in contract for around $50M
Jeffrey Epstein’s UES townhouse in contract for around $50M
330 Sackett Street and 72 Hicks Street (Compass, iStock)
Townhouses dominated Brooklyn luxury contracts — again
Townhouses dominated Brooklyn luxury contracts — again
This Manhattan Beach house tops the list of priciest contracts. (Google Maps, Mercer Real Estate)
Manhattan Beach townhouse tops Brooklyn’s luxury market
Manhattan Beach townhouse tops Brooklyn’s luxury market
31 Strong Place and 1 Prospect Park West (Photos via Google Maps; 1 Prospect Park West)
$6M Cobble Hill townhouse tops list of Brooklyn luxury deals
$6M Cobble Hill townhouse tops list of Brooklyn luxury deals
991 5th Avenue (Photos via Gryffindor/Wikipedia Commons and the American Irish Historical Society)
Historic UES mansion hits market for $52M
Historic UES mansion hits market for $52M
Sharon Davis and 9 East 81 Street (Google Maps, iStock)
UES townhouse trades 40% below latest appraisal
UES townhouse trades 40% below latest appraisal
Vince Viola and 8 Montague Terrace (Getty; Google Maps)
Vince Viola’s $25.5M mansion sale breaks Brooklyn record
Vince Viola’s $25.5M mansion sale breaks Brooklyn record
195 Amity Street and 561 Pacific Street in Brooklyn (Photos via Google Maps; 561 Pacific)
Historic Cobble Hill townhouse tops Brooklyn’s luxury contracts last week
Historic Cobble Hill townhouse tops Brooklyn’s luxury contracts last week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...