This post was originally published on this site. Click here to read the post and view byline and photo credits etc.
Between 2009 and 2017, the average price per square foot of a Harlem townhouse increased by 171 percent – from $237 to $642 per square foot.
DNAinfo/Gustavo Solis
HARLEM — Townhouse prices are rising three times faster in Harlem than in the rest of Manhattan, according a recent analysis of home sales, and at this rate buying a place in the neighborhood could cost as much as it does in Downtown and Midtown in the next decade.
“At an average yearly growth rate of 15% compared to 5% for Manhattan, Harlem could close the price gap by