NOT LISTED FOR SALE

Estimated Value: $7,794,000 - $8,737,000

5 Beds
4.5 Baths
5,075 Sq Ft
$1,639/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $8,500,000 $1,675 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $48,424/month

361 Days on Market

Highlights

  • Rooftop Deck
  • 5-minute walk to Houston Street
  • Den
  • P.S. 3 Charrette School Rated A
  • Pre War Building
  • 2-minute walk to William F. Passannante Ballfield

About This Home

As of June 2022

The rare offering of this 1850 Greek Revival home provides a once-in-a-generation opportunity to own one of only 22 homes that create the landmarked and coveted MacDougal-Sullivan Gardens. Home to some of the city's most vibrant and interesting luminaries, the homes all share a private and secret park. 22.5' wide with approx. 5,075 interior square footage including the basement, this home has had only two owners in the last 100 years. The MacDougal- Sullivan houses were built with the specific intent of attracting artists and musicians as a means to improving the quality and character of the neighborhood. 188 Sullivan was purchased in 1923 by Edgard Varese, considered one of the true pioneers in contemporary music. From 1923 to 1965, 188 Sullivan Street served as a salon and meeting place for many famous artists and musicians from both Europe and the US - including artists like Marcel Duchamp, jazz musicians like Dizzy Gillespie, and his close friend, the sculptor, Alexander Calder. The property's subsequent and most recent owner was Varese's protégé, Chou Wen-chung, one of the most celebrated Asian-American composers of the twentieth century who owned the home for over 50 years. The shared gardens behind the homes are magical and sublime. Lined with mature trees and manicured flower beds, the concept of a private garden in Greenwich Village combined with the original and important architectural elements of the houses themselves lead the Landmarks Preservation Commission to designate the houses and their gardens as a Historic District. The house, potentially a 5 bedroom with possible potential for expansion is in need of a full renovation so bring your architect and prepare to truly make this home your own.

Last Agent to Sell the Property

Jeremy Stein

Sothebys International Realty License #10301219094 Listed on: 02/17/2021

Sothebys International Realty

Co-Listed By

Marc Fichera

Compass License #10401269597

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1850

Lot Details

  • 2,252 Sq Ft Lot
  • Lot Dimensions are 22.5 x 100.08
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 5,075 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Den
  • Eat-In Kitchen
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

Overview

  • Greenwich Village Subdivision

Amenities

  • Rooftop Deck
  • Community Garden

Home Details

Home Type

Single Family

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Exposures: East,West
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Greenwich Village
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Interior Features: Den, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 5075.0
  • Living Area Units: Square Feet
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • View: Park/Greenbelt
  • View: Yes
  • Exterior Features: Building Garden, Building Roof Deck, Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 2252.0
  • Lot Size Dimensions: 22.5 x 100.08

Building Info

  • Units: 3
  • Total Stories: 4
  • Year Built: 1850

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
May 10, 2022
Sold by
Estate Of Wen-Chung Chou A/K/A Chou Wen- and Luyen Chou As
Bought by
The Marden 2020 Gst Trust and Timothy Walsh As Trustee
Seller's Agent
Jeremy Stein
Sothebys International Realty
List Price
$9,500,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,000,000
-10.53%
Current Estimated Value
$8,318,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$181,162
Avg. Annual Appreciation
-0.61%

Purchase Details

Closed on
Apr 12, 2017
Sold by
Chou Luyen - As Executor and Chou Sumin -
Bought by
Chou Luyen - As Trustee and Chou Sumin - As Trustee

Purchase Details

Closed on
May 14, 1998
Sold by
Chou Chou Wen Chung Wen Chung and Chou Wen Chung
Bought by
Chou Chou Wen Chung Wen Chung and Chou Wen Chung
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Marden 2020 Gst Trust $8,500,000 --
The Marden 2020 Gst Trust $8,500,000 --
Chou Luyen - As Trustee -- --
Chou Luyen - As Trustee -- --
Chou Chou Wen Chung Wen Chung -- Chicago Title
Chou Wen Chung -- Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $8,500,000 -10.5% $1,675 / Sq Ft
02/17/2021 02/17/21 For Sale $9,500,000 -- $1,872 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $55,975 $295,411 $76,703 $218,708
2024 $55,975 $278,692 $158,220 $201,276
2023 $54,141 $266,587 $65,267 $201,320
2022 $52,986 $685,440 $158,220 $527,220
2021 $53,623 $669,360 $158,220 $511,140
2020 $52,108 $760,140 $158,220 $601,920
2019 $48,583 $881,760 $158,220 $723,540
2016 $42,138 $212,336 $63,802 $148,534
2015 $24,947 $205,147 $79,846 $125,301
2014 $24,947 $193,536 $65,427 $128,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10826484

Real Estate Board of New York (REBNY)

APN: 0526-0065