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Potential 165 Charles Combo Returns Seeking $12.9 Million

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Boutique travel agency owner, real estate flipper, and starchitecture fan Michael Holtz spent $9.9 million on four apartments at 165 Charles Street between 2005 and 2008. Though many years have elapsed, Holtz never spent the dollars to combine them. Instead, he tried selling the second floor for $14 million in 2011, and later for $14.5 million, and then he tried selling just half for $6.8 million. No dice. Now, in a boomier market, the whole potential combo is back, with a reduced asking price of $12.9 million. (The maintenance is another $8,189/month.) That first image up there is a rendering of the new owner's potential Great Room.
The Great Room would offer 45 feet of unobstructed Hudson River views, "framed with a 21' high glass curtain wall." The brokerbabble explains a bit about how the combo would work: "Most of the dividing wall between the two units can be removed creating the ultimate living and entertaining room (see rendering above). One will also be able to easily divide the space into 2-4 bedrooms with 4 luxurious baths." The floorplan above is slightly too small to get a sense of the possibilities, but will Holtz finally be able to unload the place?
· Listing: 165 Charles Street, Apt. 2 FL [Corcoran via StreetEasy]
· 165 Charles Combo Offers to Unload Half for $6.8 Million [Curbed]
· 165 Charles Street coverage [Curbed]

165 Charles Street

165 Charles Street, New York, NY 10014