The Reel

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A blog for breaking sales and neighborhood real estate news.

I am amazed to see that the most expensive Clinton townhouse conversion sold for only $4,350,000. This double wide house, in need of renovation, at 453-55 West 56 th Street sold for $588/SF. Meanwhile, on a price per square foot basis, the neighborhood record of recent is held by a renovated 20’ wide single family at 442 West 44 th Street. It sold back in August of last year for $992/SF.

There are plenty of other examples of low price points in the area. Such bargains include 431 West 44 th Street, which sold late last year for only $1,900,000 or $528/SF. Other 20’ wides include 445 West 45 th Street and 457 West 47 th Street which respectively sold for $2,500,000 and $2,670,000. Unfinished townhouses in the area have sold for an low average of $591/SF.

According to Massey Knakal’s 3Q11 Property Sales Report, the average price for a Manhattan 1-4 family was almost triple this average at $1,549/SF. Boosting this average are several finished Greenwich Village townhouses which have sold at over $3,000/SF.

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