West Village

According to The Wall Street Journal, the West Village, located along the Hudson River in lower Manhattan, exudes the charm of old New York, and homeowners are willing to pay a premium for it. In December, the neighborhood’s 10014 ZIP Code claimed the title of the city’s most expensive residential real estate based on median price per square foot, reaching $2,366, as reported by Realtor.com (operated by News Corp, owner of The Wall Street Journal).

The high cost per square foot in this ZIP Code is attributed to the fact that much of the limited housing stock, spread across approximately 0.57 square miles, is located in a historic district. The Landmarks Preservation Commission reviews and approves any demolition of existing structures and new construction, keeping the housing supply relatively low, explains Jared Barnett, a real-estate agent and co-founder of Compass’s the Barnett-Bittencourt Team. He emphasizes that the scarcity in supply contributes to the higher prices in the area.

The West Village, with its rich cultural history rooted in arts and entertainment, also boasts some of the most sought-after restaurants and shopping destinations in New York City. Notable places include the historic jazz club Village Vanguard, the rustic Italian restaurant L’Artusi, the Cherry Lane Theatre (the oldest continuously running off-Broadway spot in NYC), The Stonewall Inn (a significant site for the LGBT civil-rights movement), and the literary haven Three Lives & Company. Following the West Village, Tribeca’s 10007 ZIP Code ranks second in New York City for the most expensive median price per square foot, reaching $2,136 in December. However, Tribeca’s 10013 ZIP Code claims the city’s highest median listing price at $4.93 million.

For potential buyers in the West Village, Columbus International recommends keeping in mind the various architectural styles, ranging from Greek Revival to Art Deco to Italianate. We suggest exploring the variety of housing options, including townhouses, classic doorman co-op buildings, historic homes, and modern residences, especially along the river. The price per square foot varies widely, from approximately $1,000 to $5,000 or more. To prospective buyers, we advise assessing the differences between co-ops, which involve rigorous approval processes, and condos, offering greater flexibility to owners, in order to make informed decisions in this diverse neighborhood.

New York’s West Village is famed for its assortment of iconic fictional properties, such as the Friends’ apartment and Carrie Bradshaw‘s residence from Sex and the City. Presently, you have the opportunity to possess a residence in close proximity to some of the city’s most renowned TV dwellings with this $9.4 million abode at 70 Perry Street—a mere stone’s throw from Bradshaw’s TV abode. This spectacular property was once the abode, individually, of three celebrities and prominent figures: renowned chef and restaurateur Jeffrey Zakarian, comedian Louis C.K., and the esteemed Associated Press reporter and editor Charlie Grumich.

All, at one juncture, were occupants within the edifice. It also served as the backdrop for The Back-Up Plan featuring Jennifer Lopez and The Brothers McMullen starring Edward Burns. This townhouse, measuring 20 feet in width, is a multi-family building encompassing four units and was constructed in 1867 by Walter Jones, who fashioned the structure in the French Second Empire style. This style is distinguished by ornamental elements, such as the mansard roofs adorning this edifice, along with iron frameworks and glass skylights. The four units are interlinked by means of a centralized staircase, and the owner’s unit, comprised of seven rooms, occupies the initial two floors of the building. The owner’s unit incorporates one bedroom, two bathrooms, a parlor adorned with ornate ceilings and a library, a living room, a formal dining room, a spacious kitchen, and a garden. The kitchen, designed in a country-style, offers an expanse with one of four fireplaces and opens up to the landscaped garden—a verdant oasis in the heart of the city. There’s a paver patio, a stone brick wall, latticework, and ample space for outdoor furnishings. The parlor room showcases exquisite molding, with ornamental 12-foot ceilings and pocket doors that lead to the library, affording views over the charming, tree-lined Perry Street.

The owner’s unit additionally features an office/study, a laundry area, and an expansive pantry. The entire building uniquely accommodates three distinct one-bedroom apartments, each equipped with kitchens, a living area, a dining space, in-unit laundry facilities, and an office. Alternatively, the building can be transformed into a unified family residence, rendering it a multi-bedroom private townhome. There are a total of four fireplaces, and each room exudes the quintessential charm of pre-war New York City.

This townhouse, designated as a landmark within the Historic District, has been affectionately preserved and boasts lofty ceilings, broad-plank floors, and expansive windows that flood sections of the residence with natural illumination. This marks the first instance in 45 years that the townhouse has been placed on the market. It is positioned in one of the most sought-after neighborhoods in New York, with picturesque, leafy avenues: West Village is renowned for its enchanting streets, upscale dining establishments, luxury boutiques, and quaint cafes. Bradshaw’s fictitious apartment is situated at 66 Perry Street, merely a stone’s throw away, and the exterior was utilized for filming scenes outside the residence—even though Bradshaw purportedly resided on the Upper East Side in the series. West Village is distinguished for its opulent real estate offerings, celebrity inhabitants, and artistic legacy.

Source: Forbes