122 Waverly Place townhome on the market for $49M

KELLER WILLIAMS NEW YORK CITY (KWNYC)’s NICOLE GARY TEAM HAS BEEN RETAINED AS THE EXCLUSIVE SALES AND MARKETING FIRM FOR 122 WAVERLY PLACE

-The five-story, 7310-square-foot single-family gut-renovated townhome project is now on sale for $49M -

(New York, NY August 8, 2023) Keller Williams New York City (KWNYC), a Manhattan-based real estate brokerage firm specializing in residential and commercial sales and rentals, part of the Keller Williams franchise, announces its top-selling team, The Nicole Gary Team is the exclusive sales and marketing firm for 122 Waverly Place.

The five-story, single-family, elevator, ivy-covered townhome project was designed by David Howell and Steffani Aarons, of DHD Architecture & Interior Design to the sellers’ specifications.

The 7,000+-square-foot property was originally purchased by the sellers – a married couple in the mortgage business -- in July 2021 for $13M.

It originally had four bedrooms and three and a half baths. The original listing url prior to the seller’s purchase can be viewed here: https://streeteasy.com/building/122-waverly-place-new_york/house

The sellers had originally planned a massive gut renovation in order to live there themselves. However, they are now announcing the property is up for sale for $49M.

When finished the townhome project will feature four bedrooms, five full and two half baths, and will feature:

• A cellar-level wellness center including an infrared sauna, gym, plunge pool and massage room
• A $1M fully-integrated Creston home automation system, including lighting, window treatments, audiovisual, security system, and gates.
• A neutral palette for wide appeal
• Sub-zero and Wolf appliances
• An elevator
• Caesarstone countertops
• A wine lounge room
• A custom five-story chandelier
• Custom wine storge by Nella Vetrina
• A Wall-gas fireplace and three electric fireplaces
• All customized furniture – beds, chairs, sofas, and shelving
• Textures and patterns by renowned names such as Holly Hunt, Phillip Jeffries, Studio Four, Casamance, Holland, and Sherry, Marc Phillips, Romo, Cowtan and Tout, Kvadrat, Rogers, and Goffigon, and Gucci. The outdoor space will be comprised of 1925 square feet consisting of three separate, custom-designed green spaces: a landscaped garden with private pool where one can swim against the current, hot tub and barbeque, a fully-finished roof deck with a walkable glass skylight, green space, water feature wet bar with panoramic views and a library terrace with a retractable awning.

The estimated total cost for renovations is: $10M.

Full high-res renderings may be viewed here: https://drive.google.com/drive/folders/1BSxTTaL9WJWXxp-UYljRW6LPRHhzCpOo?usp=sharing

The list of all features can be viewed here: 122waverlyplace.com

According to the exclusive agent on the sale, Nicole Gary, Licensed Associate Broker, Keller Williams NYC, the sellers see an opportunity in the townhome market because there is a shortage of turn-key townhomes downtown.

“Townhouses over 20 feet wide measuring over 7,000 square feet are rare, and ones that have been gut renovated and can be delivered with the highest-end custom modern finishes are non-existent in today's real estate market,” she explains.

Gary details that the sellers put a lot of thought and effort into designing every detail of this home to making it their own, from the pool in the backyard where one can swim against the current, to even having an outlet in the closet for the Dyson to charge.

“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,” she adds. “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.”

Gary believes this project may be a record breaker. For context: a townhouse at 22 Bank Street that measures 3,850 square feet and is 19 feet wide is on the market right now for $26M which is $6,753 per square foot. It is not as updated or modern as 122 Waverly. It does not have nearly as many upgrades as 122 Waverly and there is no option to buy it fully furnished with custom furniture built for the home.

This is not the first large renovation project and home sales the sellers have tackled. They have renovated multiple properties and sold them successfully in California and Florida.

The property will be move-in ready in Spring 2024.

The property is currently up for sale here: https://kwnyc.com/122-waverly-place-10011/greenwich-village/townhouse/262817/?source=modal

For all sales info contact: Nicole Gary, nicole@thenicolegaryteam.com, 1 (914) 557-1666##


About Keller Williams New York City (KWNYC)

www.kwnyc.com, Keller Williams NYC is now home to over 650 licensed salespeople and brokers who work with clients to buy, rent or sell real estate throughout New York City. Well over a billion dollars sold in New York real estate, KWNYC continues to grow as a major leader in helping people to realize their dreams. It is a member of the Keller Williams nationwide franchise, a global leader that sold over $300B in 2019 and consummated over 1M transactions annually.
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