Besides being my ultimate New York dream home, they have recently become a little known value opportunity (and they say that doesn't exist in Manhattan). Prices have taken a dive since 2015, particularly dramatically in certain areas. However these statistics just aren't splashed around like they are with condos and coops.
So here is a snapshot from the inside:
Townhouses are real property and can therefore be purchased with zero restrictions by international investors or others who might not pass a co-op board.
When looking at the considerable townhouse inventory available today, it is important to carefully analyze the value based upon the recent market.
The maintenance of owning a home can be intimidating to some, however there are companies such as NYC Brownstone that will handle it all. You also avoid noisy upstairs neighbors and nosey doormen!
