Downtown Townhouse Sets Record


Tuesday, April 3, 2007, by Joey

2007_4_11W10.jpg

A late arriving tip from the inbox last night: "If you check ACRIS you will see that 11 West 10th Street recently closed for $33.1488M." Of course, we got all pumped to share this historic news, only to see on Page 6 that that rapscallion Braden Keil already broke it. Well played, Keil. Anyhowsers, the 55-foot-wide 1847 townhouse was listed at $37.5 million, so this is somewhat of a letdown. Still, it's a record for a downtown single-family residence. The buyer is an anonymous Wall Street banker (obvs), and the seller is venture capitalist Fred Wilson and family who, by the way, bought the place in 2000 for just over $7 million. Extensive renovations aside, it looks like the Wilsons still comes away with a pretty penny from this one.
· Record Digs [Page 6]
· Record Set for Downtown Single-Family Home? [Curbed]
· CurbedWire: Inside 11 West 10th [Curbed]


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Comments (17 extant)

1.

Not crazy about the modern interior - why buy an 1847 townhouse if that's what you want?

By Oldmark at April 3, 2007 9:29 AM

2.

Why would someone renovate a brownstone in 2000 and pretend it is 1847?

By Anonymous at April 3, 2007 9:38 AM

3.

Why would you renovate it in the first place? By your logic, everyone living in a 19th century building is "pretending to live in the 19th century." Which, needless to say, is asinine.

By Oldmark at April 3, 2007 9:47 AM

4.

Forget the zeitgeist debate and talk about the character and quality -- the interior looks like a suburban office building.

And not an expensive one, either.

By anon at April 3, 2007 10:19 AM

5.

They're not buying because they want to live in period style, they're buying because they want a private home of that quality and size in that location. There ARE no contemporary private homes of that size in that location...

By kb at April 3, 2007 10:21 AM

6.

Fair enough, but a good part of the reason why the location is so desirable in the first place is because of the 19th century architecture. There are other places to build large, modern, private homes downtown, and some people are doing just that.

By Oldmark at April 3, 2007 10:37 AM

7.

I have to say, for that price, I would want a place to park my car/s.

By Anonymous at April 3, 2007 11:21 AM

8.

you people are nuts. this place is amazing hands down, it is pretty freakin' cool. and i am sure it would not take much for you to live there if it was offered.

By anon at April 3, 2007 11:36 AM

9.

#7- If you could afford that place, you can afford to pay for a garage.

By Anonymous at April 3, 2007 11:43 AM

10.

The apocalypse is here.

By Anonymous at April 3, 2007 12:00 PM

11.

If you can afford that place- you have a driver.

By Max at April 3, 2007 12:21 PM

12.

Fools. Some renter was going to pick this up for $100K when the market cools.

By Bing at April 3, 2007 4:13 PM

13.

I take no offense to the comments about the look (pro and con), but I do feel compelled to point out that keeping the 1847 look was not an option

It was a 38 room NYU dorm when we bought it and it looked like hell

It was a gut renovation no matter what style you like

Fred

By fred wilson at April 3, 2007 7:29 PM

14.

Fred, you could have run a rooming house and made a lot more money! ;)

By Busted at April 3, 2007 11:47 PM

15.

Fred, now you have to take the money and buy another property. Where will you buy next?

By Anonymous at April 4, 2007 1:03 AM

16.

that's already happened. fortunately the public records are not going to be so obvious this time

By fred at April 4, 2007 9:07 AM

17.

So Fred, you're not calling the top in Manhattan real estate, just recycling the money into another development project?

By Anonymous at April 4, 2007 4:15 PM




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