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Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$16,995,000
Est. payment /mo
9 Beds
10 Baths
7,000 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $2,427
Subdivision West Village
MLS Listing ID RLS20108787
Style Walk-Up
Bedrooms 9
Full Baths 10
HOA Y/N No
Year Built 1910
Annual Tax Amount $86,256
Property Sub-Type Multi Family
Property Description
Where old New York meets modern luxury, welcome to Chateau Waverly. Positioned where historic Gay Street meets Waverly Place, this remarkable 22-foot-wide townhouse spans approximately 7,000 square feet across five levels. Its rare setting creates a long, open outlook up picturesque Gay Street to the north, while a cheerful south-facing garden and a three-exposure glass-enclosed sunroom bring light and greenery to the rear. Surrounded by gracious 19th-century homes on one of Greenwich Village's most inviting blocks, the property is moments from celebrated restaurants, distinctive boutiques, parks and cultural destinations, with convenient transportation providing effortless access throughout New York City.
The comprehensive gut renovation includes luxury condominium-level finishes, all-new mechanical systems and individually controlled HVAC. Interiors feature soaring and coffered ceilings, oversized windows and wide-plank hardwood floors. Custom kitchens offer marble waterfall islands, full-height quartz backsplashes, professional appliances, instant hot water, garbage disposals, wine refrigeration and refrigerator drawers. All ten marble and travertine bathrooms in the building have radiant-heated floors, with select homes also offering integrated bidet toilets, soaking tubs and frameless glass showers. In-unit laundry, custom built-ins and generous storage complete each residence.
Chateau Waverly is configured as four beautifully finished free-market residences, an increasingly valuable advantage that provides meaningful flexibility in leasing, pricing and long-term management.
The centerpiece is the expansive garden and second-floor duplex, designed as a substantial owner's residence with three bedrooms and flexibility for a fourth, four marble bathrooms including two en-suite primary baths, two living rooms, a separate dining room, two wet bars, a newly appointed kitchen and a three-exposure glass-enclosed sunroom opening directly to the private garden. Above are three gracious floor-through residences, each with two bedrooms plus flexibility for a third bedroom or home office, two full marble bathrooms and in-unit laundry. The fourth-floor residence is further distinguished by a private terrace.
The building's rental strength has already been demonstrated, with Units 2 and 4 leased at their full asking rents and generating $407,880 in annualized contracted income. With the garden duplex now offered at $39,995 per month and the terrace residence projected at $16,995 per month, the fully leased property is projected to generate approximately $1.092 million in annual gross rental income, equivalent to over $200 per rentable residential square foot.
With the renovation complete, a buyer can step directly into a finished asset with immediate income and substantial additional potential. Chateau Waverly can remain a fully leased luxury investment or evolve over time into an increasingly expansive primary residence, beginning with the garden duplex while the residences above continue to generate significant income. Those upper floors can ultimately be used in any combination as guest suites, home offices or additional private living space, while the property's width, scale and configuration also create the opportunity for a future grand single-family residence.
Completed, free-market and already income-producing, Chateau Waverly is the rare Village asset that works on every level, combining immediate performance, exceptional personal-use flexibility and enduring long-term value in a property of extraordinary scarcity.
The comprehensive gut renovation includes luxury condominium-level finishes, all-new mechanical systems and individually controlled HVAC. Interiors feature soaring and coffered ceilings, oversized windows and wide-plank hardwood floors. Custom kitchens offer marble waterfall islands, full-height quartz backsplashes, professional appliances, instant hot water, garbage disposals, wine refrigeration and refrigerator drawers. All ten marble and travertine bathrooms in the building have radiant-heated floors, with select homes also offering integrated bidet toilets, soaking tubs and frameless glass showers. In-unit laundry, custom built-ins and generous storage complete each residence.
Chateau Waverly is configured as four beautifully finished free-market residences, an increasingly valuable advantage that provides meaningful flexibility in leasing, pricing and long-term management.
The centerpiece is the expansive garden and second-floor duplex, designed as a substantial owner's residence with three bedrooms and flexibility for a fourth, four marble bathrooms including two en-suite primary baths, two living rooms, a separate dining room, two wet bars, a newly appointed kitchen and a three-exposure glass-enclosed sunroom opening directly to the private garden. Above are three gracious floor-through residences, each with two bedrooms plus flexibility for a third bedroom or home office, two full marble bathrooms and in-unit laundry. The fourth-floor residence is further distinguished by a private terrace.
The building's rental strength has already been demonstrated, with Units 2 and 4 leased at their full asking rents and generating $407,880 in annualized contracted income. With the garden duplex now offered at $39,995 per month and the terrace residence projected at $16,995 per month, the fully leased property is projected to generate approximately $1.092 million in annual gross rental income, equivalent to over $200 per rentable residential square foot.
With the renovation complete, a buyer can step directly into a finished asset with immediate income and substantial additional potential. Chateau Waverly can remain a fully leased luxury investment or evolve over time into an increasingly expansive primary residence, beginning with the garden duplex while the residences above continue to generate significant income. Those upper floors can ultimately be used in any combination as guest suites, home offices or additional private living space, while the property's width, scale and configuration also create the opportunity for a future grand single-family residence.
Completed, free-market and already income-producing, Chateau Waverly is the rare Village asset that works on every level, combining immediate performance, exceptional personal-use flexibility and enduring long-term value in a property of extraordinary scarcity.
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features High Ceilings, Smoke Free
Cooling Central Air
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature Garden, Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N No
View Other
Porch Terrace
Private Pool Yes
Building
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 0592-0061
Ownership None
Monthly Total Fees $7, 188
Special Listing Condition Standard
Pets Allowed Building Yes, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716