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Residential
New York

Pricey Manhattan townhouse sales are rolling in

Here’s a look at the latest $10M+ sales to hit the books

Manhattan Logs Pricey Townhouse Sales
3 East 10th Street, 109 Waverly Place, 75 East 77th Street (Getty, Google Maps, marcharch, arpad-baksa-architect)

Eight-figure townhouse sales are hitting the books in Manhattan one after the other. 

Four deals for single-family homes in the borough asking more than $10 million were recorded in ACRIS on Thursday, according to an analysis by The Real Deal’s. 

The properties join 18 other townhouses to close at similar price points in the last six months. The deals ranged from a $73 million record-setting megamansion in Greenwich Village to a $10.4 million abode on West 87th Street. 

An uptick in high-end sales is welcome for the townhouse market, which slowed down last year along with the rest of the market, as economic uncertainty prompted by high mortgage rates and global unrest kept would-be sellers on the sidelines, according to a year-end report by Leslie J. Garfield. 

But the same phenomenon is now fueling record gains in the luxury market nationwide, according to a Redfin report. Luxury buyers expect prices to continue to rise, while sellers “”feel it’s a good time to cash in on their equity,” Redfin agent David Palmer said. “Even though mortgage rates remain elevated and demand isn’t as high as it was during the pandemic, many homebuyers and sellers feel the worst of the housing downturn is behind us.” 

Last quarter, luxury residential sales rose 2 percent year-over-year — the largest annual increase in the last three years — compared to a 4 percent decline in the overall market. Luxury home prices rose 9 percent annually. 

Here’s a rundown of the latest townhouse sales recorded by the city:

3 East 10th Street | $25 million

The four-story Greenwich Village townhouse nabbed an off-market deal with an unknown buyer. 

The landmarked property was once a 13-unit rent stabilized building until M. Arch Architects converted it back into a single-family home. The renovations included a terraced backyard, elevator, new circulation system, updated kitchen and rooftop terrace. 

The home last traded for $6.6 million in 2010, according to public records. The Greek Revival-style home was built in the 1840’s.

75 East 77th Street | $19.5 million

The historic Lenox Hill carriage house sold in another off-market deal to an unknown buyer — the first time it’s traded in two decades. The seller, Alexander Lari of real estate developer The Claremont Group, purchased the property for $5.4 million in 2004. 

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Architect Arpad Baksa renovated the property, which was built in 1910, into a single-family home, according to a 2015 post on the company’s website. The renovation included restoring some of the property’s original details, including the design of the entrance. 

At the time of the post, the property featured marble staircases, an elevator, upper terrace and a gym and steam shower in the cellar. The top floor was added to the building’s rooftop in the 1980s.  

109 Waverly Place | $19 million

An unknown buyer scooped up this Greenwich Village townhouse for about $2,290 per square foot. It last traded for $17.6 million in 2011. 

The 8,300-square-foot townhouse, built in 1910, hit the market in 2017 with a $28 million price tag, followed by multiple delistings, returns and price cuts. It was listed again in 2022 asking $25 million before yet another series of slashes. 

The sprawling six-bedroom home is stacked with amenities fit for a luxury condo. It features an indoor, glass-walled lap pool, hot tub on the roof deck, gym, wine cellar, fifth floor terrace, art studio and garden. 

Compass’ Rachel Glazer had the listing. 

129 East 70th Street | $11 million

The Lenox Hill home, built in 1920, spans four stories, four bedrooms and four bathrooms. The townhouse, which hit the market last April with a $14 million asking price, sold to an unknown buyer. 

The townhouse also features five wood-burning fireplaces, a gated front garden, conservatory, backyard and staircase with an oculus. 

The seller, Christian Keesee, bought the 19-foot-wide property in 2005 for $6.4 million. Keesee is a philanthropist and chairman of Kirkpatrick Bank and Kirkpatrick Oil & Gas Company. 

Serhant’s Chase Landow had the listing. 

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Luxury Real Estate