The Real Deal New York

$33 million mega-townhouse goes into contract

By Candace Taylor | August 05, 2010 11:30AM

Images of the Downing Street townhouses and Leonard Steinberg, executive vice president at Prudential Douglas Elliman

Two of the three Townhomes of Downing Street — which have been marketed together as one $33 million mega-home — have found a buyer, representatives for the project confirmed.

Leonard Steinberg, the Prudential Douglas Elliman executive vice president who is marketing the partially completed new construction townhouses, told The Real Deal that 22 Downing Street and 24 Downing Street are in contract.

Since hitting the market last year, the two Urban Muse-developed homes have been listed together, with the option of combining them into one 12,000-square-foot house with a price tag of $33 million.

 “We have a buyer, and we’re working with that buyer right now,” said Christopher Tantillo, director of development at Manhattan-based Urban Muse. He added that the buyer is indeed interested in combining the two townhouses.

As for the contract price, he said only: “It’s within the range of the asking price.”

The third townhouse, No. 26, also hit the market in 2009, priced at $16.95 million. It was taken off the market in September, according to Streeteasy.com, but will be listed again this fall, Steinberg said, most likely asking around $17 million.

Designed by 1100 Architects, the adjoining six-story homes have gardens and rooftop “observatories” with floor-to-ceiling windows flanked by two terraces. The middle townhouse, No. 24, has a private street-level garage.

Construction is nearing completion, Tantillo said. The scaffolding recently came down and the sandstone facades are now visible from the street, he said, though the first floor is still covered by a sidewalk bridge.

“We’re diligently working on the interiors,” he said. No. 26 is slated for completion at the end of September, he said, but it’s unclear when the other two will be finished.

Contemporary single-family homes are rare in Greenwich Village, Steinberg noted.

“There’s a group of people who want a contemporary townhouse and they’re really not available in the Village,” he said. “They’re looking for big rooms, as opposed to the little rooms that you get in a traditional townhouse.”

Urban Muse is also the developer of 200 Eleventh Avenue, which is now mostly sold out.

Tantillo said the firm is shopping around for its next project.

“We’re currently looking at some stuff, but we haven’t started any new projects yet,” he said.

Have a Tip? Write to Candace Taylor at ct@therealdeal.com

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