Record-Breaking NYC Townhouse Sale Goes To Mystery Buyer

Key Takeaways:

– A mystery couple has purchased Greenwich Village’s most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million.
– The 12,000-square-foot property was sold off-market.
– The buyers plan to use the townhouse as a pied-à-terre.
– The sellers of the property are connected to Altice USA CEO Dexter Goei.
– The property was originally two separate townhouses that were combined into a single property.
– Purchasing a pied-à-terre comes with extra hurdles such as heftier down payments and higher interest rates.
– New York State legislators have proposed a pied-à-terre tax, but it has not been passed yet.
– The buyers’ purchase aligns them with Jeff Bezos, who purchased a downtown condo for $80 million in 2019.
– There have been other record-breaking sales in the area, including a mansion sold for $77.1 million in 2019 and a commercial townhouse sold for $90 million in 2018.

inman:

A mystery couple has bought Greenwich Village’s most expensive townhouse for $72.5 million, surpassing the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, with the buyers planning to use it as a pied-à-terre.

Mark your calendars for the ultimate real estate experiences with Inman’s upcoming events! Dive into the future at Connect Miami, immerse in luxury at Luxury Connect, and converge with industry leaders at Inman Connect Las Vegas. Discover more and join the industry’s best at inman.com/events.

A mystery couple has purchased Greenwich Village’s most expensive townhouse for $72.5 million — surpassing the previous record by $14.3 million.

The Wall Street Journal broke news about the off-market deal on Wednesday. The Compass agents who brokered the deal — Clayton Orrigo and Joshua Wesoky — declined to share specific details about the buyer and seller. However, public records show the seller is an entity connected to Altice USA CEO Dexter Goei.

The telecommunications magnate purchased the 12,000-square-foot property in 2016 for $30.9 million. The nearly 200-year-old home was originally two separate townhouses; however, one of the previous owners combined it into a single, 45-foot-wide property.

Orrigo, who represented the buyers, said the couple will use the home as a pied-à-terre — the term used to describe a property that’s used for vacations, workweek accommodations or other occasional purposes. Pieds-à-terre come with extra hurdles, such as heftier down payments, higher interest rates and other stricter lending requirements for homebuyers financing the purchase.

Even if a homebuyer makes a cash purchase, they must consider the possibility of paying extra taxes. New York State legislators have been pushing for a pied-à-terre tax that would apply to condos and co-ops with an assessed value of $300,000 or more.

Properties with an assessed value between $300,000 and $4.99 million would be taxed at a 10 percent to 13.5 percent rate. Meanwhile, properties with an assessed value of $5 million or more would be taxed at a 0.5 percent to 4 percent rate. Lawmakers have struggled to get the tax passed, despite estimates it would generate $390 million in annual tax revenues.

WSJ said the mystery buyers’ purchase aligns them with Amazon founder Jeff Bezos, who purchased a downtown condo for $80 million in 2019. The publication also highlighted two other record-breaking sales on the Upper East Side — a mansion that sold for $77.1 million in 2019 and a commercial townhouse that sold for $90 million in 2018.

Email Marian McPherson


Source link

Property Chomp's Take:

Greenwich Village's Most Expensive Townhouse Sold for $72.5 Million by Mystery Couple

A mystery couple has recently purchased Greenwich Village's most expensive townhouse for a whopping $72.5 million. This record-breaking sale surpasses the previous record by $14.3 million. The 12,000-square-foot property was sold off-market, meaning that it was not publicly listed for sale. The buyers plan to use the townhouse as a pied-à-terre, a property used for vacations or occasional purposes.

The news of this record-breaking sale was reported by The Wall Street Journal, with the Compass agents who brokered the deal declining to disclose specific details about the buyer and seller. However, public records indicate that the seller is an entity connected to Altice USA CEO Dexter Goei. Goei had purchased the property in 2016 for $30.9 million.

Originally two separate townhouses, the nearly 200-year-old property was combined into a single, 45-foot-wide townhouse by one of its previous owners. The townhouse offers 12,000 square feet of luxurious living space, making it an ideal choice for high-end buyers.

The buyers of this prestigious property plan to use it as a pied-à-terre. However, purchasing a pied-à-terre comes with additional hurdles such as higher down payments, higher interest rates, and stricter lending requirements for financing the purchase. Even cash buyers must consider the possibility of paying extra taxes. New York State legislators have been proposing a pied-à-terre tax, which would apply to condos and co-ops with an assessed value of $300,000 or more.

Despite the potential challenges, the mystery buyers were willing to pay a premium for this Greenwich Village townhouse. Their purchase aligns them with other high-profile buyers such as Amazon founder Jeff Bezos, who purchased a downtown condo for $80 million in 2019.

This record-breaking sale reflects the strong demand for luxury properties in New York City. The real estate market in the city has seen several other notable sales, including a mansion on the Upper East Side that sold for $77.1 million in 2019 and a commercial townhouse that sold for $90 million in 2018.

The purchase of Greenwich Village's most expensive townhouse by a mystery couple demonstrates the allure and exclusivity of prime New York City real estate. As the city continues to attract wealthy buyers from around the world, it is likely that we will continue to see more high-profile sales in the future.

Leave a Reply

Your email address will not be published. Required fields are marked *