Since April 1st, 22 townhouses have been in the market. The lowest price offering was for an SRO priced at just under $2 million to a historic home asking $5.25 million on Lenox avenue. This is a pretty significant amount of townhouses put in the market. Streeteasy is currently showing 19 townhouses in contract. Most of the townhouses have gone into contract in the first 4 months of the year. 4 contracts for Harlem townhouses were signed since April 1st. At that pace it would take about 6 months to sell off just the supply of houses that came on the market in April.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.