Report: Sales Prices Surge for Manhattan Townhouses
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The average sales price of a Manhattan townhouse has soared in the past decade, a new report says, almost tripling between 1997 and 2006.
The average price for a townhouse — a building with between one and six units — climbed from $1.6 million to more than $4 million, according to the report, released yesterday by the appraisal firm Miller Samuel and the brokerage firm Prudential Douglas Elliman.
While rising at a rapid rate, prices climbed at a slower pace than Manhattan apartments, according to numbers from an earlier report from the same two firms, as the average co-op and condo sales price more than tripled.
