The Townhouse Team at Douglas Elliman announces the Sale of 601 Washington Street

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Details of sale of 601 Washington Street, NY, NY 10014

After years of being on and off the market 601 Washington Street (alternate address 620 Greenwich Street), New York, NY has traded for $31,000,000.

The property officially traded hands on November 8th, 2013. The property was previously owned by The Lafreida family.

It is hard to tell who the purchaser of the 50' x 176' lot is because the ownership is registered as two entities, both LLCs. There is a lawyer listed as the contact, the law firm is located at 140 East 45TH St, New York, NY, 10017

The building will likely be torn down and a large development will take its place, or perhaps a series of townhouses, or maybe even a combination of the two.

Superior Ink is a combination of condos and single family townhouses that attracted several high profile buyers. 150 Charles Street dominated the West Village in terms of desirability. "They have barely broken ground and it is not only sold out, it is sold out at record prices" says Gullace of The Townhouse Team at Douglas Elliman.

The building at 601 Washington Street is roughly 10,000 square feet, but it has significant air rights, roughly 45,000 square feet with M1-5 zoning with R7X and MX-6 overlays. The price is approximately $688 per square foot. Triple mint properties in the West Village are trading as high as $3,500 per square foot. "The sale of 601 Washington Street exemplifies the strength of the real estate market in New York. A few years ago developers would have balked at the $688 per square foot. It is a great time to be a seller," says Gullace.

For additional information relating to the sale of 601 Washington Street, please contact Jill Gullace at Douglas Elliman, (212) 844-4246 or jill.gullace(at)elliman(dot)com

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Jill Gullace

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