38-40 West 11th Street, New York (Greenwich Village), NY, 10011 | $12,950,000

Back on the market!

Rarely does a property of this distinction and unique footprint come to market; a historic Greek Revival Townhouse, with a 3-Story Private Guest House, in the heart of Greenwich Village. Charles Lockwood, in his classic "Bricks and Brownstones" describes the setting of 38 west 11th street as "The row of Greek Revival dwellings on the south side of West 11th Street between Fifth and Sixth Avenues as one of the finest early 19th Century Streetscapes in the area". This location, often referred to as " the Gold Coast" offers the opportunity to create a home of extraordinary proportions, incorporating two distinct buildings situated on the most sought-after street in Greenwich Village----a classic townhouse with a separate three-story guest house. Both buildings are 22 feet wide on a 94-foot lot.

As a Greek revival townhouse, the proportions are graceful and elegant, retaining architectural details of the 19th century such as high ceilings and fireplaces. The main house is connected to the guest house by two galleries creating a picturesque secret garden--- an urban oasis in the heart of the city, with the ambiance of an inner courtyard in Provence. Both the parlor floor and the gallery have French doors opening out to two separate, sunny balconies for garden viewing. The guest house, although connected on two floors to the main house, is its own entity with three floors overlooking the garden, and the feel of a country cottage with a fireplace in the main room There is garden access from several levels of the house. The easily accessible roofs offer the possibility of excellent roof gardens with views of the entire property. Once divided into four apartments, the property is now " a white box" or a "blank canvas" where the new owner can clearly view the many possibilities that may suite their individual life style. This remarkable property awaits the vision of a new owner to create one of New York's most celebrated residence.

Features

  • Town: New York
  • Levels: 3
  • Cooling: Unknown Type
  • Amenities: Courtyard; Garden;
  • Zoning: R6
  • Year Built: 1840
  • Washer/Dryer Hookups: Yes
  • Terrace : Yes
  • Building Access : Walk-up
  • Service Level: None
  • OLR#: RPLU5123254399
  • Days on Market: 43 days
  • Website: https://www.raveis.com
    /prop/RPLU5123254399/3840west11thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate - Park Plaza

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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38-40 West 11th Street, New York (Greenwich Village), NY, 10011

$12,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $10,360,000 $10,360,000 $10,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $61,283 $66,336 $88,125
Total Monthly Payment $61,408 $66,461 $88,250

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.