The townhouse at 14 East 95th Street is an interior twin to its neighbor at 16 East 95th, but number 14 is the lucky first to sell. The house was listed for $19.8 million in 2009, after developer Solomon Asser paid $5.9 million for what was then a 10-apartment building. The renovation, described in the Journal, included Durango marble in the lobby, restored fireplace mantels, and a rear extension, but Asser still struggled to find a buyer. Recently, he found one willing to pay about $14 million. Not exactly the feel-good story of the year. But it is, according to the Journal, one sign that the townhouse market, which usually falls and rises ahead of condo and co-op sales, is "back in a big way," in the words of one broker. On the Upper East Side, the median townhouse sale price in 2010 was $7.63 million, about 4 percent below the 2007 record. Again, not a bad stat considering the market.
On the Upper West Side, though, 2010 turned out to be a record-breaking year. The median townhouse sale price?for 28 sales, the same number as in 2007?was $5.18 million. That's almost 8 percent higher than the previous high, set in 2008. The priciest sale was a West 76th Street house for $19.4 million. So maybe 2011 will be the year of the $20 million UWS townhouse.
· Manhattan Townhouse Market Shows Life [WSJ]
· 14 East 95th Street coverage [Curbed]