Tuesday, April 1, 2014
DWELL: HARLEM BROWNSTONES AVERAGE AT 2 MILLION
Streeteasy, one will find that the average cost of the 65 townhouses on the market in West Harlem and Central Harlem are almost at $2 million. El Barrio is not included in this mix of homes which are generally 3,790-square-foot in size and going for $1.990 million for the most part. Some higher end properties with better finishes, original details and great locations have sold at the $3 million price point but nothing has quite sealed the deal at $4 million to date. On the low end, those looking really hard might find a shell under a million but sometimes the location or other issues are not so first-time buyer friendly. Per square foot, this all breaks down to about $461 which is still half the price of what most properties in Manhattan are going for.