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In Contract

11 Bank Street

$15,000,000 ($2,562 per ft2) | 7 beds, 5 baths | Approx. 5,855 ft2
Building Profile  | 
317 days on Market

Townhouse Facts

  • Year Built: 1910
    Minimum Down: 20%
    Total Floors: 4
    Listed: Jan 9, 2024
    Last Price Change: ($3.5M) on Aug 26
    Days on Market: 317
    Building Type: Townhouse
    Neighborhood: West Village (Manhattan)
    Listing viewed 479 times
Monthly Real Estate Taxes: $5,985
Total Taxes & Fees: $5,985 ($1.02/ft2)
Est. Monthly Mortgage: $79,595
Total Est. Monthly Carrying Cost: $85,580 ($14.62/ft2)
Note: the above is based on a down payment of 20% ($3,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Expansive Living Space: Sprawling 5,855 square feet of elegant living across five stories, offering generous room sizes and a relaxed atmosphere.
  • Historic Charm: Original 1845 Greek Revival facade with exquisite historic details, including original pine floorboards and marble mantles.
  • Private Garden Oasis: A large garden overlooking neighboring gardens, providing a serene outdoor retreat in the heart of the West Village.
  • Flexible Rental Income: Four-family layout with free market rentals, offering immediate income potential and future conversion options to a single-family mansion.
  • Luxurious Fireplaces: Multiple wood-burning fireplaces throughout the home, enhancing the warmth and elegance of the living spaces.
  • Prime West Village Location: Situated on a desirable tree-lined street, surrounded by the cultural richness and artistic heritage of the West Village.

Description

Grand Beauty!

Located on the most desirable tree lined street in the West Village, this magnificent 24 foot wide five story Greek Revival townhouse offers everything one dreams of in a Village house: Celebrated West Village location and one of a long row of houses set back from the street, elegant scale, exquisite and gracious rooms that are dappled in sunlight, original historic detail, and a large garden which overlooks neighboring gardens in all directions.

Behind this 1845 historic facade awaits a five story, 5800+ square foot, four-family house with free market rentals that has been lovingly cared for and well maintained with extensive upgrades made in 2020.

1 apartment is vacant, one is month to month, and the remaining 2 leases expire within the next 9 months, which would give the buyer ample time to make plans if conversion to a single-family mansion is so desired.

The house has been in the same family for over 60 years and among the many marvelous historic details are original pine floorboards, moldings, and marble mantles throughout the house. While grand scale gestures abound the atmosphere is relaxed, open and inviting.

Size: 24 feet by 90.25 feet, built 54 feet deep with a two-story full width extension.

Approximate square footage is 5855 above grade, and a 1000 square foot cellar.

LAYOUT:

Cellar: Mechanicals and storage.

Apartment 1:

Garden and Parlor Duplex:

Garden Level: Private entrance through the front garden. At the front of the house there is a large dining room with wood burning fireplace, a full bath, and lovely sitting room with wood burning fireplace that is open to a welcoming newly renovated kitchen with glass doors giving onto the garden.

Parlor Level: One may also enter the duplex up the high and elegant stoop. The front parlor is very fine indeed and offers full length windows facing south that have original woodwork surrounds and shutters. Currently used as a very grand bedroom with full wood burning fireplace.

The rear parlor offers an intimate sitting room with wood burning fireplace with black Carrara marble mantle which opens to a grand entertaining room overlooking the garden The ceiling height on this level is 11.4", There is a full bath, laundry on this level. The duplex is currently used as a one bedroom with 4 large entertaining spaces.

Apartment 2: Entrance is up the elegant high stoop. At the front there is a charming living room with wood burning fireplace and a bedroom.

The kitchen is in the middle, has a washer/dryer, bathroom, walk in closet, and at the rear a large bedroom with fireplace that opens onto a terrace.

Apartment 3: Beautiful two-bedroom, 2 fireplaces, and 1 bathroom apartment.

Apartment 4: Top floor artist atelier. This level is set back and cannot be seen from the street. Romantic tree top retreat, with open kitchen, living room, bedroom and bath.

Bank Street was named for the Bank of New York, founded by Alexander Hamilton.

The bank moved to the area in 1799 where it remained until the street was transformed into houses beginning in the 1830’s.

The West Village has long been a treasured enclave and home to many brilliant luminaries in artistic, social, civil, and cultural movements.

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Building Amenities

  • Pre War
Listing courtesy of Douglas Elliman Real Estate

Pricing History

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Area info for 11 Bank Street

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Subways

  1. M
  2. 1
  3. 2
  4. 3
  5. F
  6. L
at 7th Ave 0.12 miles
  1. A
  2. C
  3. E
at 8th Ave and 14th 0.18 miles
  1. B
  2. D
at 6th Ave and Waverly Pl 0.35 miles

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