Building & Unit Features
Courtesy Of Compass
This 25 wide elevator Greek Revival townhouse is built 85 feet deep on an oversized 104 foot lot and includes over 9,000 SF of interior space with multiple outdoor terraces, a garden and 10 wood-burning fireplaces spread over its five floors. Currently configured as five units, the property can be delivered vacant and ready for conversion to a single-family home. Otherwise, a buyer has many options including use as a strictly investment property (gross income nearly $600k per annum) or a live plus income scenario. The property has a very low annual property tax.
Less than 10 years ago, great effort and capital was spent to preserve and rebuild every element of this home which was originally built in 1835. The home contains many of original moldings and salvaged historical details like mahogany doors, original mantles and wide plank pine floors. Ceiling heights throughout range from nearly 10 feet to over 15 feet on the top floor. Modern features include a large hydraulic elevator, central air conditioning, oversized skylight and fully upgraded electrical and plumbing systems.
This home is located on the south side of West 20th Street immediately across the street from the landscaped gardens of the General Theological Seminary. A special attribute to this particular block was an agreement reached in 1835 for all of the homes on the south side of 20th Street to be set back 10' off of their front lot line. This setback and the opposite Seminary gardens give the block a special feeling that is unlike any other in the city.
From this location, one is moments away from the Highline Park and West Chelsea Gallery District as well as in close proximity to The Hudson River Park, Chelsea Piers, Chelsea Market, and many upscale shopping and restaurant destinations.