A townhouse in the West Village topped a sluggish week for luxury Manhattan deals, according to Olshan Realty’s weekly report for the period Sept. 21 to Sept. 27. The home at 48 Jane Street, listed just under $15 million, was the only property among 17 asking $4 million or more that secured a signed contract. That total fell short of the previous week, when 19 homes closed. The report noted September typically sees the borough’s slowest luxury sales, with a 10-year average of 71 contracts. This year’s pace trails that, with just 65 contracts signed in the past four weeks.
The four-story townhouse hit the market in October with an asking price of $15.5 million. The property, which last sold in 1996 through an estate transfer, was renovated by architects Fairfax & Sammons. It spans 4,100 square feet, includes five bedrooms, three bathrooms, a back garden, multiple skylights, wood-burning fireplaces, and a cellar. Douglas Elliman’s Leslie Mason held the listing.
High-profile recent sales set benchmarks for West Village townhouses. In 2024, Stewart Butterfield and Jen Rubio purchased a Greenwich Village home for $72.5 million. Earlier this year, a double-wide at 105-107 Banks Street sold for $70 million, narrowly missing the record. The second-costliest deal in the recent week was a co-op at 32 East 64th Street, listed at $14.5 million. The renovated unit, previously sold for $13 million in 2021, features five bedrooms, four bathrooms, and amenities including a gym and doormen in the Verona building. Keller Williams’ Maria Belen Avellaneda represented it.
Of the 17 contracts signed, nine were condos, five co-ops, and three townhouses. The combined asking price reached $128 million, averaging $7.6 million with a median of $6.5 million. Most properties lingered over a year and a half on the market, with sellers accepting 14 percent discounts to close deals.
Market observers note that luxury Manhattan sales often slow during late summer months. September consistently ranks as the slowest month for high-end transactions, with sellers frequently needing to adjust expectations. The current market shows buyers holding strong negotiating power, with significant discounts becoming common when deals finally reach completion.
