Warburg Realty and Eastern Consolidated reveal new co-exclusive for 124 West Houston Street in Greenwich Village

Warburg Realty, one of Manhattan's leading residential real estate companies, and Eastern Consolidated today announced a new co-exclusive offering for 124 West Houston Street in Greenwich Village. The former home of early Conceptual Artists Arakawa/Gins is being offered co-exclusively for $22.5 million through associate broker Gordon Roberts of Warburg Realty with Eastern Consolidated associate director Alexander Erdos, Esq. and David Schechtman, Esq., principal and executive managing director. The building is the site of the creation of an important body of early Conceptual Art and Architecture created by Arakawa/Gins. The team's seminal work, "The Mechanism of Meaning," completed in 1973, formed the basis of Guggenheim Museum SoHo's retrospective exhibition "Arakawa/Gins: Reversible Destiny" in 1997. And for a time, luminary Bob Dylan rehearsed on the building's ground floor. "124 West Houston is one of the few first-generation artist loft buildings remaining in the SoHo area," Roberts noted. "The property offers endless possibilities, from art production to a palatial personal residence, or for the developer, conversion to full-floor luxury residences." The circa 1900, 13,150 s/f building retains many of its original elements including cast-iron details on the façade, slab marble floors, and pressed tin wall treatments and ceilings. It features open views, 12-foot ceilings, full floors, and no interior columns. "This is perfect for a condominium conversion, private home or rental, with as-of-right retail at one of the hippest spots in Manhattan," said Schechtman and Erdos. "It's a singular opportunity." Available for the first time since 1967, the building is ideally situated on the north side of West Houston Street between Sullivan and Thompson Street, where Greenwich Village meets SoHo. The mixed use property is zoned for commercial space on the ground floor, and includes a full basement and non-working elevator.