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$47.5M Charles Street Building Wants to Be a Megamansion

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Evidently, there is a shortage of single family mansions in the West Village (impenetrable fortresses are few are far between), but the 13,238-square-foot building at 134 Charles Street is here to help solve that problem. The boxy former factory just hit the market for a whopping $47.5 million, and it's being marketed as "an unparalleled opportunity to create a spectacular West Village mansion." According to the Journal, the building is owned by investor Ciaran O'Kelly, who bought it for $17 million in 2008. He renovated the building to hold two floors of office space and two rental apartments, which were most recently listed for $33,000 and $17,000 per month.

O'Kelly and his brokers think the single-family angle is the way to go because stupidly rich people have recently dropped insane amounts of money on similar projects nearby. Just last week, someone paid $42.5 million for the rather ugly bunker-like McMansion at the corner of Greenwich Street and West 12th, and earlier this month, the stately former home of the New York Foundling went into contract for $45M. The buyer, obviously, plans to convert it into a mansion. But both of these sales hint that 134 Charles Street may be priced a little high, considering that the Greenwich Street home is complete and the Foundling headquarters is a historic building that's much lovelier than the sterile building on Charles Street.
· A West Village Building in Manhattan To List for $47.5 Million [WSJ]
· Listing: 134 Charles Street [Elliman via StreetEasy]
· Listing: 134 Charles Street [Brown Harris Stevens via StreetEasy]
· West Village's Impenetrable Fortress Mansion Sells for $42.5M [Curbed]