Nelson and Hannigan of Massey Knakal broker $13.8 million sale of 70 Bank Street

A townhouse at 70 Bank St., located between Bleecker and West 4th Sts. in the Greenwich Village Historic District, was sold in an all-cash transaction valued at $13.8 million. This five-story Greek Revival townhouse was built in 1839, is 7,000 s/f and sits on a 25' x 90' lot. The sale price equates to $1,971 per s/f. There is an opportunity for a private rooftop deck with panoramic views of Greenwich Village. Additionally, the basement could be excavated for additional head height, expanding the livable footprint. 70 Bank St. is located in Greenwich Village, one of the most highly coveted area neighborhoods, and offers the chance to create an expansive 25' wide, 7,000 s/f home, while being on one of the best blocks in the village. "Townhouses of this size and scale are exceedingly rare in the village," said Massey Knakal's James Nelson, who exclusively represented the seller in this transaction with sales team manager, Caroline Hannigan. "The buyer plans to convert the property back to single-family home, a unique opportunity on one of the best blocks in the Village," said Hannigan. Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.