In New York City, the real estate market is characterized by a premium attached to space. The majority of residences across the city are compact, vertically arranged, and situated within high-density structures. Therefore, when spacious and immaculately designed homes go on the market, they typically command significant prices. The recent listing at 122 Waverly Place possesses the style, space, and high-end features that luxury buyers crave, potentially fetching a record-breaking sales price.
Nestled within Greenwich Village, 122 Waverly Place stands as a distinct townhouse, gracing one of the most sought-after segments of New York’s luxury real estate market. This historic, ivy-covered townhouse has recently undergone a top-down renovation and will come fully furnished for its buyer. Renowned talents David Howell and Steffani Aarons from DHD Architecture and Interior Design crafted the interior and architectural upgrade as per the sellers’ specifications.
In 2021, a married couple in the mortgage business purchased the property for $13 million and chose to invest in transforming the home. The property initially had four bedrooms and three-and-a-half bathrooms. After renovations, it will provide four bedrooms, five full and two half bathrooms, and 7,310 square feet of interior space spread throughout its five stories. Its new listing price is a staggering $49 million, and it will be move-in ready in the spring of 2024.
The current owners have instituted a series of upgrades to the property, making it one of the most unique options available on the luxury market. When renovations are complete, the townhome’s amenities will include a cellar-level wellness center with an infrared sauna, plunge pool, gym, and massage room. There will be a wine lounge, custom wine storage by Nella Vetrina, an elevator, and an elegant study.
The home has a neutral palette, maximizing its appeal, and the designers have infused each room with the finest touches. They have incorporated custom elements from renowned names, including Holly Hunt, Phillip Jeffries, and Studio Four, among many others. The home will feature a custom five-story chandelier, extensive customized furniture, and a $1 million fully integrated Crestron home automation system.
Each room is a separate work of art. The immaculately styled eat-in kitchen has cutting-edge appliances from Sub-Zero and Wolf, Caesarstone countertops, pendant lighting, and custom millwork. And residents will delight in cooking amid the natural light streaming through the room’s two-story windows.
The fifth-floor primary suite is a spectacular, private retreat. Catching your eye upon entry is the backlit onyx accent wall with an integrated television and an electric fireplace. The expansive room offers views of the New York City skyline, including the Empire State Building, and has a bespoke custom bed to provide the new owners with maximum comfort.
The home also includes substantial outdoor space, a rarity in the New York City real estate market. There is a combined outdoor expanse of 1,925 square feet, spanning three distinct green spaces: a landscaped garden with a private pool, a hot tub, and a barbecue; a stunning rooftop terrace with a walkable glass skylight, green space, a water feature, a wet bar, and stunning city views; and a pleasant library terrace with a retractable awning.
The Nicole Gary Team, the top-selling team for Keller Williams New York City, exclusively holds this listing. Agent Nicole Gary states, “The buyer will be someone who does not want to spend the time to redesign their space and will appreciate the value in having every detail and finish already thought out and delivered to them so they can move right in. The canvas is completely neutral so it will appeal to most. A buyer can just walk in with their toothbrush and need not worry about anything else.”
Based on similarly sized properties in the area, combined with the shortage of turn-key townhomes downtown, the sellers believe this home has the potential to be a record-breaker. With an immaculate design, a spacious property, and features that are extremely rare for the New York City market, this property stands apart from other luxury options. Its new design and structural upgrade will make it unparalleled in one of New York’s most desirable neighborhoods.
