Document-Breaking NYC Townhouse Sale Goes To Thriller Purchaser
A thriller couple has purchased Greenwich Village’s costliest townhouse for $72.5 million, surpassing the earlier report by $14.3 million. The 12,000-square-foot property was offered off-market, with the patrons planning to make use of it as a pied-à-terre.
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A thriller couple has bought Greenwich Village’s costliest townhouse for $72.5 million — surpassing the earlier report by $14.3 million.
The Wall Road Journal broke news about the off-market deal on Wednesday. The Compass brokers who brokered the deal — Clayton Orrigo and Joshua Wesoky — declined to share particular particulars concerning the purchaser and vendor. Nevertheless, public information present the vendor is an entity linked to Altice USA CEO Dexter Goei.
The telecommunications magnate bought the 12,000-square-foot property in 2016 for $30.9 million. The practically 200-year-old residence was initially two separate townhouses; nevertheless, one of many earlier house owners mixed it right into a single, 45-foot-wide property.
Orrigo, who represented the patrons, stated the couple will use the house as a pied-à-terre — the time period used to explain a property that’s used for holidays, workweek lodging or different occasional functions. Pieds-à-terre include additional hurdles, akin to heftier down funds, larger rates of interest and different stricter lending necessities for homebuyers financing the acquisition.
Even when a homebuyer makes a money buy, they have to take into account the potential of paying additional taxes. New York State legislators have been pushing for a pied-à-terre tax that might apply to condos and co-ops with an assessed worth of $300,000 or extra.
Properties with an assessed worth between $300,000 and $4.99 million can be taxed at a ten p.c to 13.5 p.c fee. In the meantime, properties with an assessed worth of $5 million or extra can be taxed at a 0.5 p.c to 4 p.c fee. Lawmakers have struggled to get the tax passed, regardless of estimates it will generate $390 million in annual tax revenues.
WSJ stated the thriller patrons’ buy aligns them with Amazon founder Jeff Bezos, who bought a downtown apartment for $80 million in 2019. The publication additionally highlighted two different record-breaking gross sales on the Higher East Aspect — a mansion that offered for $77.1 million in 2019 and a business townhouse that offered for $90 million in 2018.
