Total Est. Monthly Carrying Cost:
$47,875 ($7.98/ft2)
Note: the above is based on a down payment of 20% ($1,500,000),
which is the minimum amount permitted by the building.
Description
TURNKEY, DESIGNER FINISHED MULTIFAMILY COOPERATIVE. ONE OF A KIND.
Singular, rare to market opportunity to either (a) live with income, (b) invest, (c) convert to coop/condominium, or (d) convert to single family.
The building was built in 1847 in Greek Revival style and is situated among a row of handsome brick townhouses on the northern end of West 13th St., in the Greenwich Village Historic District. A grand residence, this townhouse spans nearly 6,000 square feet and is 20 feet wide, and has another 2,000 square feet of outdoor space.
In addition, there are nearly 1,092 square feet of additional air rights. This special townhouse is a four unit rental building consisting of full-floor lofts. It can be delivered vacant or with wonderful tenants in place.
The house has been renovated by current ownership, and features stunning finishes, a Butterfly system, washer/dryers in each unit, updated systems, and a clean, beautiful garden and basement.
GARDEN LEVEL:
The garden floor has two bedrooms and 1.5 baths.
The rear bedroom leads into a solarium and an impressive 27’ garden. To the north is an empty lot, which allows for a unique amount of light to pour into the apartment. It enjoys high ceilings, exposed brick, custom built-ins, a new kitchen, and a full-sized washer/dryer (there is one in each apartment).
PARLOR LEVEL:
This residence also has two bedrooms and two bathrooms.
The larger bedroom is en-suite and enjoys a spacious private terrace. The living room has soaring ceilings, exposed brick, a fireplace, and a raised dining area overlooking the trees on West 13th Street. There is a windowed kitchen with new backsplash and tiling.
THIRD LEVEL:
Currently the owner’s residence, this floor has 10’1’’ ceiling heights, and is an enormous one bedroom and one bathroom.
The bedroom enjoys a full-width, large terrace facing north. It has a washer/dryer, stunning fireplace and kitchen, and significant closet space.
FOURTH LEVEL:
The penthouse of the property has two bedrooms and one bathroom, situated in a duplex layout. Upstairs a grand spiral stair is an office or reading area, with northern views and beautiful light.
The grandiosity of this apartment cannot be denied-- ceilings go up to nearly 20 feet. Additionally, there is roof access here, and a new owner could easily install a roof deck.
Please note this is the sale of the shares of four-unit coop of which there is one singular owner (seller). For this reason, the new owner can choose to sell each residence individually or continue to rent.
Additionally, one could convert to a single family, or live with income.
159 West 13th Street is the ideal opportunity for many different users - from investors, to a family compound, to those who want to live with income.
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