A stunning townhouse located in Manhattan recently hit the market again with a staggering asking price of $49 million, just two years after it sold for $13 million. The property at 122 Waverly Place underwent a $10 million renovation by renowned architects David Howell and Steffani Aarons of DHD Architecture & Interior Design, who worked diligently to meet the sellers’ specific requirements. It should be noted that the renovations are still ongoing, with the completion expected by spring 2024.
Not only does this townhouse boast a lavish makeover, but it also has the potential to become a remarkable trophy property in terms of value. If it sells for the current price, it could break the record for the most expensive single-family townhouse transaction in downtown Manhattan. According to StreetEasy, the previous record was set in 2013 when a single-family property in Tribeca sold for $43 million. The 122 Waverly Place listing currently holds the title of the most expensive single-family residence for sale downtown.
The property is still undergoing renovations, but the available images showcase the stunning features and amenities that future owners can expect. Listing agent Nicole Gary, from the Nicole Gary team at Keller Williams New York City, believes that the asking price is reasonable considering the turn-key condition of the home after a top-quality renovation. She highlights the scarcity of townhouses in the area, particularly ones that are brand new and luxurious.
However, this townhouse flip is not just a profitable venture. The sellers—an experienced married couple in the mortgage business—originally purchased the property with the intention of making it their dream home in Manhattan. Their plans changed, and they decided to sell after realizing the potential of their investment. The couple has successfully renovated and sold multiple properties in California and Florida, but the Waverly Place residence held a special place in their hearts.
The townhouse, built in the 1930s, was structurally sound but needed updates to fit modern standards. The $1 million Creston home automation system was installed to control lighting, window treatments, audiovisual equipment, security, and the security gate. With five stories and 7,310 square feet of space, the home features four bedrooms, five full bathrooms, and two half baths. The kitchen is equipped with Sub-Zero and Wolf appliances, as well as Caesarstone countertops. Multiple fireplaces add charm to the living areas, and a wine wall and wine lounge provide entertainment options.
For relaxation and wellness, the cellar-level boasts a wellness center with an infrared sauna, gym, plunge pool, and massage room. Outdoor space is ample, with a landscaped backyard featuring a lap pool, hot tub, and grill, as well as a fully finished roof deck offering panoramic views, greenery, a water feature, and a wet bar. Additionally, there is a library terrace with a retractable awning.
In terms of practicality, the home offers numerous conveniences. The master suite has its own ensuite washer/dryer and even a fridge for added convenience. The laundry room on another floor is equipped with two full-sized washer/dryers. An elevator services all five floors, although the grand white staircase already present makes a statement in itself. The house is bathed in natural light thanks to a large skylight, creating a bright and airy atmosphere.
As an added bonus, the sale price includes all the custom built-ins and furnishings, making it a truly move-in ready home. From spacious closets to bespoke beds with statement headboards, buyers won’t have to worry about furnishing the property themselves. Nicole Gary predicts that the buyer will be someone who desires a finished home without the hassle of furnishing it themselves.
While the sellers will undoubtedly reap a tidy profit from the sale, it’s important to acknowledge the significant time and effort they invested in creating a luxury townhome that is ready for immediate occupancy. This is something that cannot be quantified in terms of monetary value. Nicole Gary commends the sellers for their dedication and emphasizes that their investment of time and energy is invaluable.
Overall, the 122 Waverly Place townhouse offers a rare opportunity to own a meticulously renovated, ready-to-move-in luxury home in downtown Manhattan. With its prime location, stunning features, and potential record-breaking price, it is truly a standout property in the market.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
