West Village Townhouse Tops Thin Week For NYC Luxury Deals
A townhouse in the West Village crowned a sluggish week for luxury deals in Manhattan.
The home at 48 Jane Street, asking just under $15 million, was the priciest of just 17 properties asking $4 million or more to snag signed contracts between Sept. 21 and Sept. 27, according to Olshan Realty’s weekly report. The total was down from the previous period, during which buyers inked deals for 19 homes.
September is typically the slowest month for the borough’s luxury market, with a 10-year average of 71 contracts signed during the period. This September is shaping up to have even fewer inked deals, with just 65 contracts signed in the past four weeks.
The four-story townhouse, which hit the market in October asking $15.5 million, hasn’t changed hands since 1996, when it was passed down from the previous owner through his estate. In the years since, the sellers renovated the property with architects Fairfax & Sammons.
The 22.5-foot-wide home has five bedrooms and three full bathrooms spread across 4,100 square feet. It also features a back garden, multiple skylights and wood-burning fireplaces and a cellar.
Douglas Elliman’s Leslie Mason had the listing.
Prices for townhouses in the West Village have been on the rise in recent years, with the ceiling set in 2024, when Slack co-founder Stewart Butterfield and Away co-founder Jen Rubio bought a Greenwich Village home for $72.5 million. A double-wide mansion at 105-107 Banks Street fell just a few million shy of the record earlier this year when it sold for $70 million.
The second-most-expensive home to land an inked deal was a co-op at 32 East 64th Street, with an asking price of $14.5 million. The renovated apartment, which last traded for $13 million in 2021, hit the market last October asking $15.5 million.
Unit 9W has five bedrooms and four full bathrooms. It also features five wood-burning fireplaces, a double living room and a library. Amenities in the building, known as the Verona, include doormen and a gym.
Keller Williams’ Maria Belen Avellaneda had the listing.
Of the 17 properties to find a buyer, nine were condos, five were co-ops and three were townhouses.
The homes were priced at a combined $128 million, with an average of $7.6 million and a median of $6.5 million. The typical home spent more than a year and a half on the market and was discounted by 14 percent.
Read more
New dev condos at the Henry, Flatiron Building crown Manhattan’s lux market
How new dev is transforming the UES
Buyers pulling away from sub-$5M deals in NYC amid climbing mortgage rates
