Wednesday, October 17, 2018

West Village wannabe megamansion returns for $80M

The townhouse was last on the market nearly two years ago for $49.5 million

A West Village wannabe megamansion that has been trying to sell since at least 2014, has returned to the market once again, and this time it's accompanied by a monster price increase.

The former warehouse at 134 Charles Street last appeared on the market in February 2017 and was asking $49.5 million. Now, nearly two years later, and armed with a different brokerage firm, the property has returned for an astonishing $80 million, making it the fifth most expensive home for sale in the city right now. Forbes first reported on the listing, which is being shopped around by Bespoke Real Estate. A spokesperson for the firm said the price increase is due to the fact that previous listings did not include the formalized megamansion plans as part of the sales price.

The Charles Street building, which is owned by investor Ciaran O'Kelly, first appeared on the market in 2014 for $47.5 million. He had purchased the building in 2008 for $17 million, and then renovated and converted the warehouse into offices and rental apartments. However, since 2014, the property has been marketed as a single-family townhouse. The megamansion plans have been designed by Leroy Street Studio and the owner recently brought on landscape architect Edmund Hollander to create new green space plans for the house.

The megamansion plans have already received approval from the city's Landmarks Preservation Commission, according to Forbes.

Comparing floorplans from when it listed last year to now, the townhouse design seems largely the same save the additional water feature at the back, on the ground floor. There are a total of six bedrooms and eight full bathrooms spread out over 13,500 square feet of space. There's a four-story atrium that opens up the entire interior space, and a swimming pool on the rooftop along with a hot tub, and a bar. Buyers serious about the home can still make tweaks to the megamansion plans if they choose to move forward with a purchase. But after all this time, and all the price changes, do you think this townhouse will snag a buyer at $80M?

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