Owning a beautiful single family townhouse in Manhattan, the city that never sleeps, is a dream come true for some. It’s really the closest thing to owning your own home in a city of high rises and apartment houses. A townhome requires more care and patience than a condo or coop, but owning one with historic townhouse charm can be very satisfying.
Before Covid, prior to when everyone was relegated to wearing masks, NYC townhouses for sale suffered. However, as social distancing instituted by the Center of Disease Control became the norm, the demand for townhouses in the luxury real estate market as a primary residence exploded.
Everybody wanted to be living in New York City and social distance at the same time. Therefore, sales activity of townhomes was at double the rate of demand for condos or coops and up 50% compared to townhouse demand pre-pandemic levels. Properties near Central Park West and conveniently located Lenox Hill saw significant interest. Townhouses on lovely tree lined streets also attracted many buyers.
If you are planning to purchase a townhouse for sale Manhattan has some of the most exciting townhouses in the US. Whether you want a single-family townhouse or multi-family townhouse where you can receive rental income, you can find a selection of them in the search below. Townhouses near Hudson Riverside Park and on picturesque tree lined blocks are particularly appealing. After the set of listings below, check out the Answers to Frequently Asked Questions about townhouses.
Manhattan NY offers prime locations for townhouses, including areas near Park and Madison Avenues. These locations are highly desirable due to their access to cultural attractions, shopping, and scenic spots.
Many townhouses are situated on picturesque tree lined blocks, especially picturesque tree lined block neighborhood of the Upper West Side. These areas are known for their charm and blend of historic and modern living.
Explore the real estate listings below to find your dream home for sale in Manhattan NY. Whether you are looking for a single family townhouse located in a prime area or a multi-family property, the vibrant and competitive housing market in Manhattan has something to offer.
A Manhattan townhouse for sale is an expensive option, especially for high-end buyers. New York City townhouses are in limited supply, so expect to pay for the luxury. Luxurious properties like the Lenox Hill limestone mansion, known for its original architectural details and prime location near Central Park, cater to high-end buyers seeking elegant urban living.
De acordo com o relatório Douglas Elliman Townhouse, em julho de 2022, o preço médio de venda de uma casa em Manhattan era de 7 milhões de dólares ou 1.500 dólares por pé quadrado. Abaixo dividimos os preços por região da cidade.
O preço médio das moradias em banda para venda em Nova Iorque na Baixa de Manhattan foi de $9,2M ou $2.000 por pé quadrado, onde a largura média foi de 21,4 pés e o tamanho médio foi de 4.674 pés quadrados.
The average price for a townhouse on the East Side was $10.1M or $1,758 per square foot and the average width was 20.1 feet. East Side townhomes are approximately 1,000 feet larger, hence the difference in price. The Upper East Side is known for its prime real estate, especially those townhouses located within 1 to 2 blocks from Central Park, which can be $20 million and more.
The average price of a townhouse on the West Side was $6.07M, or $1,139 per square foot. The average size clocked in at 5,439 square feet and these townhomes averaged 19.1 feet.
Northern Manhattan skews the total Manhattan average down quite a bit as the average sales price was much lower at $2.2M or $628 per square foot. These were the thinnest and smallest townhomes, at 18 feet and 3,500 square feet respectively.
In the Luxury segment (top 10% of townhome sales), prices averaged $21.3M or $2,710 per square foot and were huge at 8,115 square feet. These homes were the widest, averaging 25.9 feet wide. The entry level price for the Luxury segment was $12.25M. Realty International Corp townhouse listings often highlight these high-end properties, emphasizing their competitive nature in the New York City market.
The average width of a townhouse in NYC is 18 to 20 feet—the wider the townhouse, the more valuable it is. Townhouses wider than 25ft are considered luxury properties and are likely in the Luxury segment when analyzing townhomes. Anything narrower than this is considered hard to sell.
A maioria das moradias em banda tem mais de 3.000 pés quadrados, com algumas moradias de luxo a atingirem os 10.000 pés quadrados. O tamanho médio, no entanto, é de aproximadamente 4.500 pés quadrados.
Prós:
Owning a townhouse is most similar to having one’s own home in NYC.
A maior parte das moradias em banda têm quintais que permitem o entretenimento, a jardinagem, o churrasco, etc.
Numa moradia em banda, não há vizinhos no andar de cima ou no andar de baixo, como acontece numa moradia unifamiliar.
Não há conselho de administração, pelo que não é necessária qualquer entrevista ou aprovação do conselho de administração.
Sem encargos comuns ou taxas HOA
Elevado nível de privacidade
Permite que os residentes tenham espaços de habitação muito grandes, uma vez que algumas moradias em banda podem ter 9.000 pés quadrados.
É muito mais fácil manter um cão quando se vive numa casa na cidade, onde ele pode andar à solta no seu próprio quintal do que confinado numa cooperativa ou condomínio.
Real estate investors can rent out units in the building and use that cash flow to pay for their mortgage or other cost, even while living in one of the apartments, generating rental income.
Uma vez que Nova Iorque não dispõe de espaços verdes em toda a cidade, os compradores de moradias em banda adoram a ideia de poderem ter o seu próprio espaço verde no quintal.
Townhouses can be an excellent investment property, providing rental income and potential appreciation in value.
Contras:
Potentially very expensive if the townhome is a historic residence or needs major repairs as costs can’t be shared among other owners. The owner is responsible for every part of the house.
Sem comodidades como centro de fitness, concierge, porteiro 24 horas.
As moradias em banda podem parecer apertadas no interior, especialmente se tiverem menos de 6 metros de largura.
Muitas escadas, embora a tecnologia atual permita a fácil instalação de um elevador.
If one decides to rent out the property, they will become a landlord and that can be troublesome for some owners.
Muitos proprietários terão de contratar um gestor imobiliário para cuidar da propriedade, caso contrário, podem acabar por se arrepender da sua compra. Um bom gestor de propriedades pode aliviar o stress de possuir uma casa de 5.000 pés quadrados no meio da cidade mais cara do mundo.
If one purchases a townhouse with tenants, this can be a real problem. In NYC, rent controlled tenants are impossible to remove from a property. Rent stabilized tenants can’t be removed either, but at least they might leave sooner than a rent controlled tenant.
Dealing with existing lease agreements and tenant rights are perhaps the biggest challenge when buying a NYC townhouse.
De acordo com as directrizes da cidade de Nova Iorque, o proprietário da moradia é responsável pela manutenção do passeio em frente à propriedade, o que também pode aumentar o custo de manutenção.
A brownstone is distinguished by the color of its facade, which is a reddish-brown colored sandstone. The majority of brownstones in New York can be found in the Manhattan's Upper West Side, Harlem and Brooklyn. A building that uses a material other than sandstone, such as marble, limestone or brick, is called a townhouse or row house.
Brownstones and Townhouses are multi-story urban houses that are attached or detached. They're built close to the street and sized similarly to the surrounding properties.
Owning a brownstone in Manhattan is a privilege, but renovating one is an ambitious project. They’re versatile investments, but they’re often more than a century old and will need updates.
The cost of living in NYC is very high, therefore, expect the cost of renovations to also be very high. To gut renovate a brownstone or townhouse, expect to spend at least $400 per square foot.
In the luxury segment, we have seen renovation costs to be as high as $1,000 per square foot. Often, brownstones differ from other NYC living in sheer size—an average of 3,200 square feet. This can mean spending millions on a renovation.
In any other city or state, the answer would probably be yes. But, living in New York complicates the answer to this question. But, if you are an investor looking to purchase a property for investment, a NYC townhouse might not be the best option because of some political issues.
Se comprar uma moradia em banda com inquilinos de renda controlada ou de renda estabilizada, estes inquilinos pagam normalmente menos do que o valor de mercado atual. Comprar uma moradia em banda com um inquilino de renda controlada é talvez a pior coisa que um comprador de uma moradia em banda pode fazer, uma vez que está a pagar significativamente abaixo do mercado e, normalmente, fica no apartamento até à morte.
In New York City, there are new laws that make owning property with certain kinds of tenants a big problem for investors. Rent controlled and rent stabilized tenants pay below market prices for their apartments. The city and state regulate how much an investor can raise the rent each year. Tenant issues can complicate the investment potential of a townhouse, making it less attractive for investors.
Além disso, quando se herdam inquilinos ao comprar um edifício, não se sabe muito sobre eles, incluindo a sua pontuação de crédito, nível de activos, etc. Podemos estar a comprar uma série de problemas e só saberemos daqui a algum tempo, quando o tempo passar, se estão a pagar a renda a tempo e horas.
No single neighborhood in New York will have everything you want, but they each have something unique to offer. However, when it comes to single family homes, the tree lined Upper West Side, the prime Upper East Side, the happening Chelsea neighborhood, and the historic West Village have the most townhouses for sale. Usually, you will find brownstones in areas that have lovely tree lined street.
A multi-family townhouse is one with 3 or more units. Buying a multi-family townhouse can provide rental income opportunities, making it similar to buying for investment. In this case, the buyer inherits all the existing leases in the building. Therefore, the new owner can’t evict anyone in the building.
There are a lot of tax benefits in buying a multi-family home that is used by the buyer. First, since the owner is an investor, he or she can deduct all the maintenance costs, mortgage interest, insurance costs, property taxes and depreciation. All of these can be offset against rental income, allowing the owner to have negative taxable income in the early years of ownership.
Ao fazer a devida diligência para a compra de uma moradia em banda, os corretores trabalham em estreita colaboração com o inspetor da casa e o advogado da transação para garantir que o comprador sabe exatamente o que está a comprar.
Em primeiro lugar, a devida diligência incluirá a leitura dos registos do Departamento de Edifícios ("DOB") que mostram as licenças de construção e as violações do código e do zonamento. Quaisquer violações ou licenças de construção em aberto terão de ser resolvidas pelo vendedor antes do fecho.
Second, a home inspection will allow for a visual examination of the property. If one is going to obtain a mortgage, the bank will require a home inspector.
Um inspetor de casas irá avaliar a construção da propriedade e emitir um relatório sobre quaisquer deficiências. Um dos itens mais importantes a considerar numa inspeção residencial são as alterações à casa que não aparecem nos registos do DOB.
Muitas vezes, para poupar dinheiro, um proprietário pode fazer obras sem trabalhadores licenciados. Comparando o que foi visualmente examinado no edifício com os registos do DOB, o inspetor da casa pode identificar o trabalho que foi aprovado e construído por carpinteiros, canalizadores e electricistas licenciados e o que não foi. O trabalho não licenciado é um grande sinal de alerta e provavelmente anulará um negócio, a menos que possa ser devidamente avaliado ou compensado.
Se o inspetor da casa identificar deficiências, o comprador pedirá ao vendedor para fazer reparações antes do fecho. Às vezes, o vendedor fará esses reparos, mas outras vezes o vendedor pode se recusar a pagar por esses reparos. Em Nova York, a maioria dos contratos é redigida "As Is", portanto, o vendedor provavelmente não consertará nada antes do fechamento.
At that point, the buyer needs to assess whether the repairs are critical to the townhome. If so, the repair costs could lead to further price negotiations or credits at closing.
Uma vez que um contrato não é finalizado até que o vendedor e o comprador assinem o contrato, pode haver algum tempo para fazer esta avaliação antes mesmo de assinar o contrato. Um contrato pode incluir um período de inspeção, o que permitiria ao comprador sair do contrato após a assinatura do mesmo. No entanto, isso não é muito comum na cidade de Nova York.
A townhouse buyer should definitely engage their own broker when purchasing a townhouse. If you are moving to New York and want to invest in real estate, you should definitely speak to a broker that understands the market, market capitalization rates, and neighborhoods. A broker with market expertise can help identify prospective properties consumers, ensuring that the real estate listings held meet the interests of potential buyers.
The Manhattan real estate market is competitive and complex. For prospective properties consumers, especially buyers of townhomes, this process can be extremely stressful. Financial constraints can present even more hurdles.
Um comprador e um vendedor de uma casa geminada têm dois objectivos totalmente diferentes, uma vez que o vendedor quer maximizar o preço que irá obter pela sua casa geminada e um comprador quer minimizar o preço que irá pagar por uma casa geminada. Estes objectivos são completamente opostos e a razão pela qual um comprador nunca deve dirigir-se diretamente ao proprietário ou ao seu representante (o seu corretor).
Make sure to use a seasoned buyers broker who has your best interest at heart. Going directly to the seller’s broker is inherently risky and illegal in many states. A buyer’s broker can make a world of difference when buying a home as you will get objective representation.
A good buyer’s broker will always include the expertise of a seasoned home inspector as well as a seasoned NYC real estate attorney (with experience the purchase and sale of NY townhomes), as buying a townhouse will have a whole set of different issues than buying a condo or coop.
While one may not see a New York townhouse for sale on the MLS, it might still be for sale because there are lots of pocket listings in the townhouse market. A good broker will know where to look for off market opportunities and provide transparency about real estate listings held by different brokerage firms.
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