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

Amenities at 17 East 12th Street include “robot parking” and electronic kitchen cabinets

New York /
Jun.June 02, 2014 02:00 PM

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


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Century 21 president Marc Benitez (LinkedIn; iStock)
Return of the retailer: Century 21 relaunches
Return of the retailer: Century 21 relaunches
Canadian industrial building boom looms
Canadian industrial building boom looms
Canadian industrial building boom looms
Aman CEO Vladislav Doronin and the upcoming towers. (Getty, DBOXCG)
Japan’s tallest tower project will include Aman Resorts luxury residences
Japan’s tallest tower project will include Aman Resorts luxury residences
Miami-Dade Mayor Daniella Levine Cava (Getty, iStock)
Miami-Dade resumes pre-pandemic evictions after unannounced February break
Miami-Dade resumes pre-pandemic evictions after unannounced February break
Scott Stringer (Getty, New York City Comptroller, iStock)
Stringer’s housing plan doesn’t pencil out: developers
Stringer’s housing plan doesn’t pencil out: developers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...