Townhouse Market

Friends,
When we talk about how the townhouse market is doing, one important factor to consider is the absorption rate. In an ideal scenario there would be 55 listings new to the market and 55 sales, which would be 100% absorption. In 2008, only 40 of 55 sold and in 2009, 28 of 67 sold. So far in 2010 we've had 25 townhouses on the market of which 16 have sold, meaning a 64% absorption rate. This is much healthier than 2009's 42% absorption rate. (Since the average townhouse takes 6 months to sell, this can be skewed slightly.) However, these 16 closings indicate that we are getting back up to 2008 levels but perhaps not back up to a typical year of 55 sales so far this year. This latter fact is surprising to me because we at Vandenberg have been thrilled with the activity level in 2010. Apparently, this means that Vandenberg has gained a larger share of the market.

--Dexter

Townhouse for Rent

Stunning Single-Family Townhouse in Fabulous Location For Rent!

150 East 65th Street - $18,000 Per Month

This contemporary brick-front Manhattan townhouse has been designed to provide everything you could possibly need for both work and play. Plenty of indoor and outdoor space, two wet bars with climate controlled wine racks, and an in-ground Jacuzzi make this the perfect property for any style of entertaining. At the same time, generous home office space makes this house the ideal headquarters for an entrepreneur, freelancer, or small business owner. Curving staircases and large mirrors maximize the living space. Bay windows give character to the front rooms on three floors.

What really sets this townhouse rental rental apart, however, is its fabulous location. Nestled between Upper East Side brownstones on a tree-lined street in the middle of the exclusive area, this home is on the same block as a Rockefeller residence and Richard Nixon’s former residence. Lexington and Third Avenues are nearby, so you will never need to go far for a delicious delicacy. The world’s best upscale shopping district is on Fifth Avenue, an easy walk away. Central Park, the Frick and Whitney Collections, and Museum Mile are also within walking distance. Excellent public schools are nearby, including a new international elementary school which meets green standards.

For more information on townhouses for rent, NYC townhouse rentals and other Manhattan Brownstones for rent, contact Vandenberg -- The Townhouse Experts TM. We specialize in townhouse realty.

Townhouse Open House

Open House Tour this Thursday, June 10, 2010!
11:00am - 12:00pm

163 West 81st Street - $5,250,000

338 West 84th Street - $4,850,000

Please call Khatera Ahmad at 212.769.2900 ext. 221 or email her at Khatera@TownhouseExperts.com for the full list of townhouses on this tour. We ask that you sign in as a Vandenberg buyer at the other agents' properties.

New York City Townhouse for Sale!

103 Riverside Drive

$21,500,000

This spectacularly designed Clarence True townhouse is one of an extant row of five overlooking Riverside Park. Built in True’s signature low-stoop Elizabethan Renaissance style, this New York City townhouse is distinguished by elegance and comfort. The interiors reference the tastes of the 19^th century and the fine arts of the Renaissance and the Classical periods. The formal parlour and dining room recreate the past while incorporating modern touches. A wood-paneled elevator makes all six floors easily accessible. The chef’s kitchen contains everything you could desire: state-of-the-art appliances, generous counter space, and an eat-in area seating at least six. Built in speakers provide music on every floor. Whether your family prefers a breakfast on the hidden terrace overlooking Riverside Park, or a simple cup of coffee in front of Saturday morning cartoons displayed on your home theater screen, this NYC townhouse has what you need to feel at home.

Unlike many smaller Manhattan townhouses, this home was built to accommodate not only your family but also your personal staff. It contains over 7,500 square feet of usable space. The independent one-bedroom apartment under the eaves is perfect for a live-in nanny or maid. The convenient service entrance is camouflaged by attractive wrought ironwork. There is also plenty of workspace for your assistant, publicist, and other staff. An elevator means that your staff can access the entire house as easily and discreetly as possible.

Are you interested in buying a New York Brownstone? For more information on NY townhouses and New York City Brownstones for sale , contact Vandenberg -- The Townhouse Experts TM. We specialize in townhouse realty.