When the much-hyped Pinnacle Penthouse at The Woolworth Tower Residences sold for only a fraction of its original $110,000,000 asking price earlier this week, some hypothesized that the penthouse's unfinished white box condition was a factor in the deep discount – the buyer will have to put in significant work and money to customize it to his specifications. The opposite is taking place at 122 Waverly Place: The nearly 100-year-old townhouse has been gut renovated by David Howell and Steffani Aarons of DHD Architecture & Interior Design to the sellers' specifications, and there is an option to buy it fully furnished with high-end custom furniture and finishes by the likes of Holly Hunt, Phillip Jeffries, Studio Four, Casamance, Holland and Sherry, Marc Phillips, Romo, Cowtan and Tout, Kvadrat, Rogers and Goffigon, and Gucci.
At $49,000,000, the five-story, 7,310-square-foot house is the most expensive townhouse currently on the market in Greenwich Village, and one of the most expensive in New York City (all per CityRealty listings). However, the modern updates and custom furnishings may do a number to entice buyers. Moreover, it is on the market at a time when townhouses are proving extremely popular among luxury buyers.
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“The buyer will be someone who does not want to spend the time to redesign their space and will appreciate the value in having every detail and finish already thought out and delivered to them so they can move right in” – Nicole Gary, listing broker, Keller Williams NYC
122 Waverly Place previously served as a multi-family property, but had long since been converted to a single-family home when the sellers bought it for $13 million in July 2021. Identified only as a married couple in the mortgage business, their original plan was to gut renovate it for their own use, but they decided to list it instead. The New York house comes on the heels of successful renovations and sales in California and Florida.
The renovation brings all the bells and whistles to 122 Waverly Place, but its Greenwich Village address could scarcely be improved upon. It is less than one block from Washington Square Park and close to acclaimed restaurants and cultural institutions. One thing the house doesn’t have is parking, but it is well situated near the West 4th Street and Christopher Street subway stops, allowing for easy access almost anywhere in the city.
The renovation brings all the bells and whistles to 122 Waverly Place, but its Greenwich Village address could scarcely be improved upon. It is less than one block from Washington Square Park and close to acclaimed restaurants and cultural institutions. One thing the house doesn’t have is parking, but it is well situated near the West 4th Street and Christopher Street subway stops, allowing for easy access almost anywhere in the city.