The Real Deal New York

Garage-to-condo conversion’s units to start at $14M

Amenities at 17 East 12th Street include “robot parking” and electronic kitchen cabinets
June 02, 2014 02:00PM

Condominium units at 17 East 12th Street in Greenwich Village, a site once home to a 50,000-square-foot parking facility, will start at $14 million.

The property, located between University Place and Fifth Avenue and developed by Rigby Asset Management, will house nine units in total, including eight full-floor residences and one duplex. The units will range from three- to four-bedrooms and feature terraces on the upper floors, 11-foot ceilings, electronic kitchen cabinetry that opens by touch, folding glass walls, herringbone oak floors and wood-burning fireplaces. An automatic parking system will also be on offer, much like the system at DHA Capital and Continental Properties’ Nearby 12 East 13th Street.

Bromley Caldari Architects is designing the property, which will launch sales this spring, according to Curbed. Occupancy is expected to start in the spring of 2015.

Peter Armstrong’s Rigby Asset Management picked up the 50,000-square-foot property in early 2013 for $50.24 million — or $1,000 per square foot — setting a record at the time. Seller the Brauser Group, one of Manhattan’s major garage owners, commissioned architecture firm GreenbergFarrow to analyze the building’s potential as a condominium prior to the sale. [Curbed]Julie Strickland