A storied West Village townhouse that has sheltered generations of artists has reportedly traded for $21.5 million. The six-story Greek Revival at 125 West 11th Street is changing hands for the first time in nearly 70 years after an extensive renovation and an extended spell on the market, adding another big-ticket townhouse sale to one of the Village’s most postcard-ready blocks.
According to Crain's New York, the property closed at $21.5 million. Industry trackers noted that the house went into contract earlier this year after first debuting at $25 million in late 2024. When the sellers adjusted the price and secured a buyer, The Real Deal flagged the Village townhouse as one of the week’s top downtown contracts.
Artist Home With A Long Pedigree
Built in 1849, the house evolved into a creative hub. The garden-level paneled studio was added in the 1880s by sculptor Daniel Chester French, and later residents included choreographer Valerie Bettis along with members of the Fonseca family. CityRealty's listing write-ups trace that artistic lineage and spotlight the studio’s 30-foot skylights and preserved original details. The property was brought to market as a single-family townhouse after a multi-year renovation.
What The Sale Included
Listing materials show approximately 7,876 square feet of interior space, with five bedrooms, five full bathrooms, multiple studio rooms and more than 800 square feet of outdoor space, along with an elevator, per Compass and public listings. Compass brokers Nick Gavin and Mary Ellen Cashman handled the marketing. Public listing histories show the property shifting to pending and then off-market statuses in February and March before the reported sale, a timeline reflected in Compass materials and public records.
Where It Fits In The Market
The deal lands at a moment when Manhattan townhouses are still changing hands, often after price cuts and lengthy marketing periods, and this Village sale fits that pattern. Analysts and local market trackers have pointed out that large single-family properties are finding buyers, but usually only after they sit for a while and adjust expectations, a dynamic evident in coverage of this house’s move down from its original $25 million ask. That broader market backdrop has been documented by CityRealty and The Real Deal.
The buyer’s identity has not yet surfaced in public records or marketing materials. Crain's New York and the public listings did not name a purchaser. For the Village, the sale pulls one of the neighborhood’s best-known artist houses out of family stewardship that lasted for decades and hands it to a new owner whose plans will shape the next chapter for the property.
