An extraordinary opportunity to call a historical Greenwich Village townhome your own! Whether maintained as an income-generating investment or returned to its mansion-origins as a massive single-family home, 179 Sullivan Street makes its stately presence felt with both historical charm and contemporary design, an unparalleled opportunity for you to craft your bespoke townhome!
This rare and beautifully restored Greek Revival facade with Italianate elements sits perched on an iconic tree-lined street; its 8, 049 interior square foot on a 25' x 100' lot (built out to 25' x 92') is currently comprised of five residential floor-through apartments with multiple outdoor spaces, a medical office suite on the garden level and a cellar.
Ascending the grand steps and passing through an entry alcove, one is welcomed by an awe-inspiring foyer with original architectural features particular to the parlor floor. Lofty ceilings reach 13 feet high, and a graceful, curved staircase greets you with an air of elegance and grandeur.
Currently configured as a front studio (1F) and a rear loft (1R), this level has a combined 1, 720 square feet. The front studio occupies the original parlor, with towering ceilings, antique archway, and landmarked 6/6 paned front windows. In the rear, a gigantic one-bedroom artist's loft, with custom Ipe wood mezzanine, a chef's kitchen, Jacuzzi and walk-in, glass-tiled double shower conclude with an outdoor deck (17 x 25). Floors #2-4 are fully renovated floor-thru apartments with designer kitchens, expansive bathrooms, wide planked wood floors, and A/C. Unit #2 has a colossal outdoor deck (25' x 25') and two decorative fireplaces. Similarly, Unit #3 is a floor-thru one bedroom with modern appliances, amazing light, and decorative fireplaces. The final residential unit, #4, is a two-bedroom floor-thru with a marble countered kitchen, double length living room, and a skylight.
All five units are impeccably maintained and offer amazing views of the landmarked MacDougal-Sullivan Garden Mews, a string of iconically colored row houses. The Garden Level is currently utilized as medical offices and encompasses approximately 2, 400 square feet, and laundry facilities for 1F and 2. The finished cellar, with an additional 1, 250 square feet, houses the building mechanicals and ample storage. All residential units can be
delivered vacant.
Originally built in 1835, 179 Sullivan Street is vested with rich history and deep roots of community service and philanthropy, once serving as The Helen Gould Neighborhood House, whose namesake (the wife of the famous Titan of Industry Jay Gould) was deeply committed to contributing to the community, and for more than 50 years in recent times, as headquarters for the Washington Square War Veterans. More recently, 179 Sullivan Street has been home to many illustrious personalities from the realms of finance and art, including Steven Conrad, Mischa Barton, and James Gondolfini.
Situated amidst Sullivan Street's tree-lined sidewalks, a blend of old-world charm, modern sophistication, and vibrant culture perfectly embody the essence of New York City, defining the history and community spirit of what Sullivan Street is today. Located in the heart of Greenwich Village and facing the MacDougal-Sullivan Mews which represent an historic anchor for this special community, 179 Sullivan Street lays witness to the artistic movement of the 1880's which personifies the West Village. Just two blocks from Washington Square Park, 179 Sullivan Street is surrounded by some of the city's best dining, shopping, culture, and nightlife. Transportation is highly accessible, with the A/B/C/D/E/F/M, 1 and 6 trains all just moments away. Bordering SoHo, NoHo, and the West Village, this location is unbeatable, making this unique acquisition an opportunity not to be missed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $11,000,000 | $11,000,000 | $11,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $62,457 | $67,729 | $91,345 |
Total Monthly Payment | $62,582 | $67,854 | $91,470 |
* 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.