Neighbors at the Dakota want to sell combo unit for $21M, time travel to 1884

Apartments were originally one unit when building opened in 19th century

TRD New York /
Dec.December 01, 2017 09:20 AM

The Dakota and Doc Brown (Credit: Universal Pictures)

Two residents of Manhattan’s famed Dakota building are looking for someone to purchase and combine their units, restoring them to the way they were in 1884—in size, at least, if not in amenities.

Tenants Virginia Dwan and John Rydzewski have lived next to each other in the Dakota for decades, and they wish to find a buyer who can combine the units, turning the space back into the single, 4,800-square-foot apartment it was when the building first opened, according to the Wall Street Journal.

The sellers hope to both revive architect Henry J. Hardenbergh’s original intentions for the space and get more money for their homes, which have a combined asking price of $20.5 million.

The buyer would be in for a lot of work, as combining the two units would require massive renovations, including removing a kitchen and reconfiguring some interior walls.

Apartment-splitting was fairly common after World War II thanks to rent control laws that put limits on how much landlords could charge, but in recent years, luxury co-ops on Fifth and Park Avenues have been looking to combine these smaller units.

There are currently about 85 co-op units at the Dakota, up from roughly 65 when the building first opened, and the property just went through $32 million of exterior renovations.

The Real Deal has also designated the building as one of the most haunted in New York City. [WSJ] – Eddie Small


Related Articles

arrow_forward_ios
155 West 11th Street and 1100 Park Avenue (FXFOWLE; Google Maps)

Manhattan luxury market shows tentative signs of activity

Manhattan luxury market shows tentative signs of activity
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
16 Sutton Place (Credit: Google Maps)

Sutton Place co-op in turmoil over terrace fees

Sutton Place co-op in turmoil over terrace fees
Molly Townsend (Getty, iStock)

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint
New home listings in Manhattan are up for the 4th week in a row. Contract signings, not so much. (Getty; iStock)

Manhattan resi listings are up while contracts “limp along”

Manhattan resi listings are up while contracts “limp along”
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
102 Prince Street and Jho Low (Credit: Modlin Group; Low by Michael Loccisano/Getty Images for New York Times)

Jho Low’s former Soho condo sells at a discount

Jho Low’s former Soho condo sells at a discount
(Credit: iStock)

Loan applications to buy homes rise for fifth week

Loan applications to buy homes rise for fifth week
arrow_forward_ios

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

Loading...