Gutted East Village Townhouse Tops NYC Contract

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A Greenwich Village townhouse is trading hands after the death of its owner’s double-wide dreams.

The home at 22 East 10th Street, asking $15 million, was the priciest Manhattan property to find a buyer last week, according to Olshan Realty’s weekly report. The 25-foot-wide property has already been gutted, and the pending purchase comes with plans from architecture firm, Steven Harris.

The seller bought the five-story home for $15 million in 2021 with the hopes of combining it with the neighboring property at 24 East 10th Street, which the seller paid $10 million for in 2017. But the owners ditched the idea of a megamansion and signed a contract with the buyer, a local developer, to offload one of the homes.

The plans include the option to expand the home, built in 1910, from 5,600 square feet to 8,000 square feet and to add terraces, an elevator and basement. The seller listed the property for $20 million last April.

Andrew Azoulay, previously with the Agency and now with the Side-backed brokerage At The Firm, had the listing.

The townhouse was one of 25 homes in the borough to land signed deals between July 21 and July 27, down from 29 in the previous period. The total beat the average of 20 contracts signed in the last week of July.

Another Greenwich Village property, asking $13 million, was the second most expensive home to snag a buyer. The fifth floor at 16 Fifth Avenue initially asked just under $13 million when the developer of the condo, Madison Realty Capital, launched sales in December.

The unit spans 3,700 square feet and has three bedrooms and four bathrooms. It also features a kitchen island, private elevator and white oak flooring.

Corcoran Sunshine, led by Dana Power and Catherine Juracich, is heading sales at the 14-unit building, which includes amenities such as doormen, a fitness center and residents’ lounge.

Madison Realty Capital ran into trouble at the project three years ago when demolition at the site caused cracks at a neighboring building, forcing tenants to find temporary housing elsewhere. Madison purchased the development site, at the time a row of townhouses, with City Urban Realty for $27.5 million in 2015.

Of the 25 properties, 16 were condos, six were co-ops and three were townhouses.

The homes’ combined asking price was $166 million, for an average price of $6.7 million and a median of $5.5 million. The typical home spent more than 530 days on the market and was discounted 11 percent from the original listing price.