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

Massey Knakal Sells Townhouse In Greenwich Village

05/15/2014

A townhouse at 70 Bank Street, located between Bleecker and West 4th Streets in Manhattan’s Greenwich Village Historic District, was sold in an all-cash transaction valued at $13,800,000.

This rare, five-story Greek Revival townhouse was built in 1839, is approximately 7,000 square feet and sits on a 25’ x 90’ lot.  The sale price equates to approximately $1,971 per square foot.

There is an opportunity for a private rooftop deck with panoramic views of Greenwich Village. Additionally, the basement could be excavated for additional head height, expanding the livable footprint. 70 Bank Street is located in Greenwich Village, one of the most highly coveted Manhattan neighborhoods, and offers the chance to create an expansive 25’ wide, 7,000 square foot home, while being on one of the best blocks in the Village. 

“Townhouses of this size and scale are exceedingly rare in the Village,” said Massey Knakal’s James Nelson, who exclusively represented the seller in this transaction with Sales Team Manager, Caroline Hannigan.  “The buyer plans to convert the property back to single-family home, a unique opportunity on one of the best blocks in the Village,” added Hannigan.   

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

05/15/2014 - 12:00

Source

Cushman & Wakefield Capital Markets Group New York

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