The price spread between townhouses and condos is widening, thanks to the explosion of luxury condos in recent years.

On a price-per-foot basis townhouses are significantly undervalued in New York City. In the West Village, a beautiful and renovated townhouse can go for $3,000 a square foot, nearby condos range from $3,750 to $4,450 a foot.

What people can get in a co-op or condo is nowhere near what you can buy, on a square-footage basis, in a townhouse.

The condo developments have ...

The number of sales of single-family properties in New York City at or above $15 million hit a new post-recession high over the past 12 months, with 76 closed sales at that price point recorded throughout the five boroughs.

At the current pace, $15 million-and-up sales are on track to set an all-time record in 2014, Jonathan Miller, president and CEO of appraisal firm Miller Samuel told The Real Deal Magazine.

The last time the number of deals at that threshold was ...

Bidding wars. All-cash offers. Foreign buyers. Off-market sales. The telltale signs of New York City’s housing crunch have dominated headlines in recent years, as pent-up demand from the financial crisis gave way to a seller’s market — one in which prices have soared.

But in Brooklyn, the steep inventory decline of the past four years is easing slightly, as new developments hit the market and some homeowners cash out.

There were 4,202 properties for sale in Brooklyn during the month of June ...

1973: Soho designated city historic district

Soho, the growing artist neighborhood that was once a thriving manufacturing district, was designated as a historic district by the city’s Landmark Preservation Commission 41 years ago this month.

The Soho-Cast Iron Historic District was bounded by West Broadway, Houston, Canal and Crosby streets, and included 26 city blocks given character by 19-century loft buildings with cast-iron facades. The law made it more difficult to tear down or alter the approximately 500 buildings within the neighborhood.

The ...