A freshly renovated West Village townhouse at 67 Charles Street has quietly slipped onto the market this week with a bold asking price of $25 million. The 20-foot-wide home clocks in at roughly 6,000 square feet and comes with a private garden, a roof terrace and an elevator. Brokers are positioning the property as a turnkey single-family spread on one of the neighborhood’s most coveted blocks.
Listing details
The marketing materials tout a 6,031-square-foot, four-bedroom, seven-bath residence that blends restored parlor-floor moldings with a striking two-level glass curtain wall and modern mechanical systems. The listing also highlights a fully excavated lower level outfitted with a gym, wet bar and direct access to a landscaped garden, according to Coldwell Banker.
Who’s selling
As reported by Crain's New York, the seller is a co-founder of Arel Capital. Arel Capital is a New York-based investment firm that focuses on value-add multifamily and mixed-use assets, per PERE.
Price history and the math
Public records show the house last sold in June 2009 for about $8.25 million, according to PropertyShark. At the current $25 million ask, the listing works out to roughly $4,145 per square foot, according to Coldwell Banker.
What it means for the West Village market
The hefty asking price lands in the middle of an already busy spring for Downtown townhouse action, with a run of multimillion-dollar closings and splashy new listings that are transforming old row houses into larger single-family homes. West Village sales and the broader townhouse conversion trend highlight how scarce intact, move-in-ready townhouses have become, and why sellers are feeling emboldened to test the upper limits of the market.
