Renderings and images of 332 West 11th Street courtesy of Compass
In today’s real estate market, most of New York’s priciest listings perch in skyscraper penthouses high above city streets. However, on occasion, top-market listings surface closer to terra firma, such as the five-story, pre-war West Village parking garage at 332 West 11th Street that was recently listed for $45 million, in search of a buyer willing to transform the space into a massive single-family manse. The listing advertises the sale as “one of the last mega-mansion opportunities in the West Village,” a boast validated by the garage’s out-of-place feeling on a block where turn-of-the-century tenements and factories that have long since transformed into cushy apartments and lofts.
The possible mansion to be (Compass)
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Existing garage building at 332 West 11th Street
Even a brief look at the property tells that it is begging for a conversion to a use more dignified than a garage and car wash. The building sits on a quiet, tree-lined block between Greenwich and Washington Streets. The red-brick facade features subtle Renaissance motifs, such as keystone blocks above tall, loft-stye windows and a corbelled arcade at the top story. The 30,000-square-foot property offers extra-high ceilings (13 feet at the ground floor), a cellar, a backyard, and an elevator. Concept renderings show open-floor layouts, luxuriant finishes, and a sprawling roof deck with views of the skyline and the Hudson River, which flows just a block and a half west.
Rendering showing possible interior (Compass)
Of the twenty-one $50 million+ listings currently on the market, almost each one comprises a high-rise penthouse. The most expensive listing is a five-level, $98 million penthouse atop 172 Madison Avenue with 18- to 23-foot ceilings and a private roof deck with a pool and a hot tub. A $85 million listing presents an eyebrow-raising package that combines a 15,000-square-foot penthouse duplex at the Atelier with “two seats on a trip to outer space, a $2 million construction credit, a $1 million yacht, two Rolls Royce Phantoms, a Lamborghini Aventador Roadster, dinner for 2 weekly at Daniel Bolud’s Restaurant Daniel for 1 year, courtside season tickets to the Brooklyn Nets for a year, a Hamptons mansion rental for a summer, live-in butler services for 1 year, and a private chef.” For $50 million, a price that nearly matches the West Village garage, The San Remo co-op offers a four-level penthouse atop of one of its iconic twin towers that grace the Central Park skyline.
Only three currently-listed single-family townhouses reach the $40 million threshold: a Renaissance-styled urban palace at 12 East 69th Street ($88M), a Greenwich Village townhouse with 21-foot ceilings and a spacious garden at 11 West 10th Street ($52.5M), and an eight-level, contemporary-styled townhouse with a curved glass facade at 162 East 64th Street ($50M).
View over the West Village from the building
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