An expansive penthouse at 320 West 12th Street, a former nursing home converted to luxury condominiums, sold for $29,783,812.50 and was the most expensive residential sale of the week, according to city records.
The seven-bedroom, eight-bath apartment was created by combining No. 9, a four-bedroom, three-and-a-half-bath duplex originally listed for $19.5 million, with No. 7, a $10.5 million 3,200-square-foot unit below it, for a total of 8,500 square feet over three floors. It also has 1,200 square feet of outdoor space.
The buyer, represented by Giampiero Rispo of Domus Realty and Brett Miles of Town Residential, used a limited-liability company, Abingdon Property NYC.
?I think, what the buyer saw in it was this rare opportunity to aggregate serious square footage,? said Tim Crowley, the managing director of Flank Development, which handled the conversion of the building, now known as the Abingdon.
The buyer was looking to relocate ?a big family? downtown and had an open budget, Mr. Rispo said, but finding a suitably large apartment with outdoor space was not easy. ?We checked everywhere,? he said, ?and in any price range it was impossible.? He added that the search also involved a visit to the rock star Jon Bon Jovi?s SoHo condo, listed for $42 million.
The Abingdon, formerly known as 607 Hudson, was bought for $33.3 million in January 2011. Although there are plenty of large town houses on prime blocks on the Upper East Side, Mr. Crowley noted, homes with 8,500 square feet in the West Village are ?unheard-of.? Theoretically, he said, you might be able to cobble two West Village town houses together to get similar square footage, but finding a prewar boutique condo in the West Village with that amount of space ?is probably as close as you will see to a once-in-a-lifetime real estate opportunity in this city.?
Town-house-size living was what Flank Development had planned when it converted the seven-story building into just 10 units, all larger than 3,200 square feet. The 1905 structure was once a home for working women; it was later a 200-bed nursing home. In its current iteration, it houses a gym and a sauna, and offers the services of doormen and porters.
The nearly $29.8 million sale price makes it the second-costliest deal in the West Village in recent years, according to Cityrealty.com. The 2010 sale of a 6,300-square-foot penthouse at 400 West 12th Street, the Superior Ink building, for $31.5 million, or roughly $5,000 a square foot, remains the most expensive.
Big Ticket includes closed listings from the previous week, ending Wednesday.
Source: http://cityroom.blogs.nytimes.com/2013/05/17/big-ticket-29-78-million-for-town-house-size-living/
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