For all the excitement surrounding rare new construction condos in the protected area, historic townhouses in Greenwich Village remain in demand among luxury buyers. Last week, a townhouse at 114 Waverly Place had the second-highest asking price of the week, outperforming units at perennial favorites like The Greenwich Lane, One High Line, and 220 Central Park South. Availabilities are few and far between in this part of the Village, but there is another chance to buy on this very block: A few doors up, 122 Waverly Place is on the market asking $49,000,000.
Like its neighbor down the street, which found a buyer following an extensive renovation, 122 Waverly Place has been gut renovated by David Howell and Steffani Aarons of DHD Architecture & Interior Design to the sellers' specifications. Listing broker Nicole Gary of Keller Williams told the New York Post that “it had the good bones and was in good shape…it was just out of date.” That is no longer the case: The house’s infrastructure is up to date, though not at the expense of its historic facade, and every room has been updated with top-of-the-line finishes and appliances.
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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
As of this writing, 122 Waverly Place is the most expensive townhouse currently on the market in all of Downtown Manhattan (per CityRealty listings). It would not set a new sales record if it went for that price (the $72.5 million sale at 138-140 West 11th Street from earlier this winter still holds that superlative), but would still net the sellers, identified only as a married couple in the mortgage business, a generous profit, the $10 million renovation notwithstanding: They bought it for $13 million in July 2021. The original plan was to live in the house themselves, following several successful renovations and sales in California and Florida, but their plans changed.
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.