New York is running two different markets right now.

In co-ops and condos, buyers are in the driver’s seat. I am routinely negotiating significant discounts off asking prices for my clients, and sellers know that a serious, well-represented buyer is something to hold onto.

Townhouses are playing by a different set of rules. Well-priced houses are drawing multiple bids, trading over asking, and setting records. The Real Deal reported this week that Manhattan townhouse prices per square foot are up 20.4% so far this year to a median of $1,553, a sharp rebound after two down years, while Brooklyn’s median broke the $600 barrier after climbing steadily since 2023. The Upper West Side is up 24%. Brooklyn Heights now commands over $2,000 a square foot, and the borough’s priciest sale of the year, $24.5 million on Columbia Heights, happened off market.

The reason is scarcity. Manhattan townhouse inventory still sits roughly 20% below its decade average, and nobody is building new brownstone blocks. When there are no substitutes, the leverage flips. I see it weekly: the same buyer who wins a condo at a real discount can find themselves in a best-and-final on a house.

So this week, a special edition. All ten listings are townhouses currently on the market, from a 16,000-square-foot limestone mansion off Fifth Avenue to a Red Hook two-bedroom under $2M. Four are in Manhattan and six in Brooklyn. If one pulls at you, reply and we’ll set up a private tour.