Jill Gullace, of Douglas Elliman’s “Townhouse Team“ Sells 20 Charles Street

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Sale of an Off market West Village Townhouse

Jill Gullace, of Douglas Elliman’s “Townhouse Team “sells 20 Charles Street, an off market townhouse in the West Village. She commented, “Buyers and sellers love off-market deals because the process is simplified.”

20 Charles Street is a 20’ wide townhouse, built 42’ on a 75’ lot, approximately 3,800 square feet. It is currently configured as a single family house in need of renovation. The house officially traded hands on February 12, 2014 for $7,725,000 or $2,032 per square foot. “The average price per square foot for comparable West Village townhouses is roughly $2,000 to $2,200 per square foot,” commented Gullace.

20 Charles Street last traded in 2007 for $4,465,000. At the time, the building was multi-unit. The purchaser restored the home to single-family without doing a gut renovation, and even lived there for a bit.

In June of 2011, the house hit the market for $7,950,000, but it did not sell. Gullace commented, “The timing may have been a factor in the lack of a sale in 2011. Summer can be slower. The best time to sell Townhouses is from February to June. Bankers get bonuses and weather improves.”

Jill Gullace was the sole broker involved in the transaction. She frequently deals in off-market townhouse transactions.

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Jill Gullace

Jill Gullace