Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Townhouse In Greenwich Village Historic District

11/06/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell an expansive townhouse at 27 East 11th Street. The property is located between University Place and Fifth Avenue in the Greenwich Village Historic District, with an asking price of $11,950,000.

This five-story townhouse is an impressive 7,050 square feet (approximate), and sits on a 25.02’ x 103.25’ lot. It is currently configured as four free market units. Originally built for dry goods merchant Samuel Holmes in 1844, this Greek Revival is currently vacant, as the owner has started the restoration process.  The property benefits from high ceilings on the parlor and garden floor and has excellent natural light.

This is a prime opportunity to convert this townhouse to one of the most spectacular single family homes in the area.  Neighboring homes, such as 40 West 10th Street and 20 East 10th Street, have achieved the highest prices in the area, selling for $21,000,000 and $18,995,000, respectively.  Other homes on the same block, such as 12 East 11th Street and 23 East 11th Street, have recently undergone multi-million dollar renovations.

“Townhouses of this size are exceedingly rare in this neighborhood,” said Massey Knakal Partner James Nelson who is exclusively marketing this property. “We have no doubt this house would sell for over $20 million once renovated, offering an exceptional opportunity for the right buyer,” added Director of Sales Mitchell Levine.

For more information on this listing, contact James Nelson or Mitchell Levine at 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

11/05/2012 - 17:51

Source

Cushman & Wakefield Capital Markets Group New York

Want more news about Cushman & Wakefield Capital Markets Group New York? Click here