A Tribeca townhouse with a history of rapid appreciation is on the market again for $19.5 million, down from an initial asking price of $24.5 million, the New York Observer reported.
Owner Sean McCarthy has tapped Brown Harris Stevens superbroker Paula Del Nunzio to handle the sale. The four-story building at 452 Greenwich Street first sold for just under $500,000 in 1998, and then again in 1999 for $1.5 million. McCarthy purchased it in 2003 for $5.65 million, which means he would make a handsome return despite the markdown.
McCarthy invested in a significant renovation, and the six-bedroom townhouse now sports a chef’s kitchen, automated surround sound control, a 1,200-square-foot rooftop garden and a 2,500-bottle wine room. [NYO] –Hiten Samtani