Manhattan’s townhouse market has struggled in recent years. In 2016, there were 454 deals valued at $3.1 billion compared to 492 deals totaling $4.2 billion in 2015 (source: townhouse brokerage Leslie J. Garfield). And 2017 wasn’t much better — only 100 contracts signed for townhouses asking $4 million and up, representing an 11 percent drop from 2016 (Source: Olshan Realty).
But there might be a light at the end of the tunnel. The following record-setting deals ...Continue Reading → Share