DWELL: 405 WEST 148TH STREET SOLD LOWER

Some of the more notable townhouse sales in the past year crossed $3 million but it appears that buyers tended to bid a bit lower.  Number 405 West 148th Street had a contract out after a slight price reduction to $3.5 million and now Streeteasy has confirmed everything closed for $3.317 million back in November.   This is a larger home in the historic districts with intact original details and better upgrades but the location north of 145th Street might have been an issue to some.  With that said, the coveted 145th Street express trains actually gets one to midtown in 15 minutes and the north entrance to the station is only a block away.  Another concern might have been that the layout was not in the desirable single-family configuration which is also an issue with higher end house seekers on the island.  There is not a lot of stock floating around on the market these days and Hamilton Heights is still a bargain in Manhattan so the neighborhood is definitely one to consider in 2016.