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A blog for breaking sales and neighborhood real estate news.

Greenwich Village townhouse prices are now rivaling the Upper East Side’s. In January, 23 Perry Street sold for $11,650,000 or about $3,350/SF.  I have witnessed a trend where many uptown buyers are coming downtown to live and paying equivalent dollars to do so.

23 Perry is a 19’ wide, 4-story, completely renovated townhouse with about 3,500 square feet.  According to StreetEasy, the house, which was published in Town & Country, has 4 bedrooms, 4 baths, 4 fireplaces, an elevator, a pool, and a landscaped garden wired for sound. This sale, on a price per square foot basis, was on par with the top Upper East Side townhouse sales.

However, the Upper East Side top townhouse sales still far surpass the Village in total dollars. The New York townhouse record was set in 2006 when investment banker J. Christopher Flowers bought the Harkness Mansion at 4 East 75th Street, off Fifth Avenue, for $53 million. At over 16,000 square feet, this sale amounted to about $3,300/SF, which was equivalent to 23 Perry. But when looking at the total price paid, this sale occurred at more than $15 million above the 2007 Village record set at 11-13 West 10th Street, a 55’ double-wide townhouse.

Read more of James Nelson's blog at NYinc

Neighborhoods: Greenwich Village