A townhouse at 45 Horatio Street, located between Greenwich and Hudson Streets in the Greenwich Village Historic District, was sold in an all-cash transaction valued at $4,100,000.
This four-story townhouse is approximately 3,440 square feet and sits on a 16’ x 58.5’ lot. Built in 1899, this building is currently configured as two residential units, one lower duplex with a garden which has a life estate, and an upper triplex that is leased to Town Residential. Upon sale of the home, the trust will pay fair market rent for the life estate tenant. The sale price equates to approximately $1,192 per square foot.
“This estate referral was very interesting to work on. The tenants were cooperative and that made the process run smoothly for everyone,” said Massey Knakal’s Robert Burton, who exclusively represented the seller in this transaction with James P. Nelson. “The property also benefits from its location, just blocks from the Hudson River, the High Line Park and the new Whitney Museum which is currently under construction,” added Nelson.
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Neighborhoods: Greenwich Village/ Agents: Robert Burton