NEW YORK CITY-A four-story townhouse, built in 1851, now divided into five units at 38 Grove St. in Manhattan's West Village, was sold in all-cash transaction valued at $6.9 million. The seller was Eleanor Keogh, a source close to the deal reveals to GlobeSt.com.
The 21- by 55-foot property, built by Linus Scudder, is located on the south side of Grove Street between Bedford and Bleecker Streets. The five units are made up of floor-thru apartments on the first three floors and two apartments on the top floor.
The property contains approximately 4,675 and maintains original detail throughout including 11 working fireplaces. It was delivered vacant.
The source tells GlobeSt.com that the seller decided to sell because at almost $1,500 per sf, the price was right. The buyer, the source explains, was Manhattan-based George Agiovlasitis, who intends to restore it back to a single-family property.
"The buyer has already begun doing extensive research on various methods to do this to accurately restore it back to its original detail," notes Massey Knakal Realty Services' partner and managing director James Nelson, who exclusively represented the seller. Massey Knakal Realty Services and Sara Gelbard of The Corcoran Group were the brokers in this transaction.
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