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

MASSEY KNAKAL SELLS TOWNHOUSE IN GREENWICH VILLAGE

05/01/2012

A townhouse at 37 West 10th Street, located between Fifth Avenue and Avenue of the Americas, one of the best townhouse blocks in Greenwich Village, was sold in an all cash transaction valued at $9,500,197.

Built in 1838, this 24.5’ wide Greek revival townhouse is five stories and contains approximately 6,950 square feet. The ground floor has an attached carriage house with soaring 20' high ceilings. Above, there are three rent stabilized tenants, who are occupying, the entire 4th floor and the rear of the 5th floor. The front of the 5th floor is vacant. The property benefits from ceiling heights reaching over 12' on the parlor floor and ample natural light from multiple sky lights. The sale price equates to approximately $1,297 per square foot.

"West 10th between 5th and 6th Avenue is considered the best by many townhouse buyers. Even though we priced this above any previously occupied Village townhouse, we were amazed by the ultimate pricing we achieved," said Massey Knakal Partner James Nelson who exclusively represented the seller in this transaction. "We were equally impressed by the depth of all equity buyers who were vying for this coveted location," he added. 

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

05/01/2012 - 13:56

Source

Cushman & Wakefield Capital Markets Group New York

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