NOT LISTED FOR SALE

Estimated Value: $5,885,000 - $15,160,540

5 Beds
6.5 Baths
8,260 Sq Ft
$1,274/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $15,000,000 $1,816 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $78,848/month

6,404 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Houston Street
  • Community Garden
  • P.S. 3 Charrette School Rated A
  • Terrace
  • 2-minute walk to Downing Street Park

About This Home

As of February 2022

NEW PRICE: $800,000 price correction and ready to sell!

Nestled on a discreet, quiet, treed block where the West Village meets Soho and Hudson Square, 53 Downing Street is a large, 20'-3 1/4' wide, recently completed, gut renovated single-family townhouse with a garage and multiple outdoor living spaces. The Landmarked Italianate house was originally built in 1857 and has undergone a complete redesign by CWB Architects to transform it into a showplace with superb finishes, detailing and proportioning, expertly installed by master craftsmen. Every imaginable detail has been considered in the renovation of this mansion-scaled home renovation, including brand new individually zoned mechanical systems for year-round flexibility along with radiant floors in all bathrooms as well as a fully integrated Crestron AV system with ceiling speakers and connectivity for TV, Internet, and Security.

PARLOR FLOOR

Enter on grade through the gracious foyer that sits alongside one of Manhattan's most desired townhouse features: a private garage. Limestone clad floors with superb wood-paneled walls lead to the gracious curved stairway that abuts the elevator servicing all six floors. The hallway extends to the extraordinary Atelier living room, a magical room of epic proportions with 14-foot tall ceilings and a grand fireplace with the most unique feature of all: a floor-to-ceiling window overlooking a back-lit terrarium conservatory filled with plantings all year round. Also on this floor are a temperature-controlled wine room, a wet-bar, and a powder room.

SECOND FLOOR

The spacious landing leads south to an elegant formal dining room with a fireplace. Across the hall is the large eat-in kitchen with custom cerused oak cabinetry, Miele and Sub Zero appliances, and Calcutta gold marble island, countertops, and backsplashes. There is a bar area with a Subzero cooler and Scottsman ice maker. A pantry also features marble counters. This perfectly proportioned area leads out onto a landscaped entertaining terrace with a Wolf Grill and Subzero fridge.

THIRD FLOOR

This entire floor is dedicated to the Primary Bedroom Suite with its large, south-facing windows, and includes an en-suite bathroom bathed in natural light and splendidly finished with Calcutta marble, Waterworks Henry fixtures, a Polished nickel Drummonds tub, twin vanities, a steam room, and a 3-in-1 full spectrum infrared sauna. Masses of closet space connect the bedroom and bathroom.

FOURTH FLOOR

This floor contains two secondary bedrooms with en-suite bathrooms, a home office, and another terrace.

FIFTH FLOOR

Two additional bedrooms with en-suite bathrooms and a laundry room with LG appliances are housed on this floor.

SIXTH FLOOR

This magnificent addition features soaring ceilings and floor-to-ceiling windows, a powder room, a bar with Subzero, Miele and Scottsman appliances, a fireplace, and two terraces facing north and south with surprisingly good views and exceptional light.

Rarely, if ever, does a property of this caliber come to the market, turn-key ready, located in the most convenient part of the Village, moments from Soho as well as the Hudson River Park and a few minutes from the new Google and Disney headquarters, Washington Square Park, surrounded by superb retail, restaurants, and entertainment, not to mention the convenient proximity to several transportation options. This home delivers highly desirable large indoor and outdoor space as well as the convenience of drive-in convenience. Sponsor Tax abatement.

Last Listed By

Leonard Steinberg

Compass License #10491210697 Listed on: 06/12/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $239,381

Year Built

  • Built in 1900

Lot Details

  • 1,830

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 8,260 Sq Ft Home
  • Wood Burning Fireplace
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Terrace
  • Lot Dimensions are 20.0 x 60.0

Listing and Financial Details

  • Legal Lot and Block 84 / 528

Community Details

Overview

  • Greenwich Village Subdivision
  • 5-Story Property

Amenities

  • Community Garden
  • Building Terrace
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$239,381

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cross Street: Bedford Street/Varick Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Greenwich Village
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Equipment (Other): Intercom
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 8260.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bathrooms Integer: 7
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 20.0 x 60.0

Building Info

  • Total Stories: 5
  • Year Built: 1900

Tax Info

  • Tax Block: 528
  • Tax Lot: 84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Feb 24, 2022
Sold by
Downing St Llc
Bought by
Adler Darin and Patterson Diane
Seller's Agent
Leonard Steinberg
Compass
List Price
$15,000,000
Sold Price
$15,000,000
Total Days on Market
6404
Current Estimated Value
$10,522,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,477,230
Avg. Annual Appreciation
-9.53%
Original Mortgage
$9,750,000
Outstanding Balance
$9,202,462
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,617,521

Purchase Details

Closed on
Jun 5, 2014
Sold by
53 Downing Llc and Anand Gajjar %
Bought by
Downing St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 1996
Sold by
Bank Of America National Tr & Svgs Assn and Security Pacific National Bank
Bought by
53 Downing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 19, 1995
Sold by
Gottlieb Wilma
Bought by
Bank Of America National Trust & Svgs As and Security Pacific National Bank

Range of Values:

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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
Adler Darin $15,000,000 --
Downing St Llc $7,100,000 --
53 Downing Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adler Darin $9,750,000
Previous Owner Downing St Llc $1,200,000
Previous Owner Downing St Llc $594,000
Previous Owner Downing St Llc $5,031,000
Previous Owner Downing St Llc $425,000
Previous Owner Downing St Llc $3,750,000
Previous Owner 53 Downing Llc $530,000
Previous Owner 53 Downing Llc $152,662
Previous Owner 53 Downing Llc $575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $15,000,000 0.0% $1,816 / Sq Ft
07/01/2004 07/01/04 For Sale $15,000,000 -- $1,816 / 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
2024 $239,381 $1,191,840 $107,820 $1,078,201
2023 $240,674 $1,185,060 $107,820 $1,077,240
2022 $242,219 $1,243,980 $84,600 $1,159,380
2021 $253,436 $1,336,740 $84,600 $1,252,140
2020 $240,477 $1,522,500 $84,600 $1,437,900
2019 $224,207 $1,193,580 $84,600 $1,108,980
2018 $206,116 $1,011,118 $72,168 $938,950
2017 $115,132 $905,199 $402,120 $503,079
2016 $107,467 $833,593 $408,397 $425,196
2015 $45,976 $781,803 $414,103 $367,700
2014 $45,976 $733,658 $317,124 $416,534
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10759546

Real Estate Board of New York (REBNY)

APN: 0528-0084