The Real Deal New York

Greystone scores big profit in sale of West Village townhouse

Developer gets $21M for property he bought in 2012 for $10.4M
December 23, 2014 03:20PM

Greystone Property Development sold a six-story West Village townhouse for $21 million, just two years after buying it for about half the price.

The 7,100-square-foot property at 79 Horatio Street — between Washington and Greenwich streets — features six bedrooms and a 1,000-square-foot garden, the Wall Street Journal reported. Greystone, which paid $10.45 million in partnership with the Vesta Group in 2012, converted the space into a single-family mansion. Previously, the home had been divided into 10 apartments.

The U.S.-based buyer of the 25-foot-wide, 19th-century townhouse was not identified. The home hit the market for $22.5 million. Fredrik Eklund and John Gomes of Douglas Elliman had the listing.

Late real estate investor William Gottlieb’s estate sold the home in 2011, as previously reported. [WSJ]Mark Maurer