Thursday, 14 November 2019

Is NYC’s townhouse market in trouble?

As a percentage of the city’s housing stock, townhouses aren’t just small, they’re minuscule. But they’ve attracted outsized attention in recent months. Most notably, this summer, a 48-foot-wide limestone mansion on East 67th Street sold to hedge-fund mogul John Griffin for $77 million — the highest price ever paid for a residential townhouse in New York City.  While that blockbuster deal set a new benchmark, sources say it’s not reflective of what’s going on in



source https://therealdeal.com/issues_articles/trouble-in-the-townhouse-market/#new_tab

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