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Pristine, landmarked West Village townhouse slashes ask by $2M

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The 6,000-square-foot townhouse was previously asking $26.5 million

All photos courtesy Compass

A 175-year-old landmarked townhouse in the West Village is back on the market less than a year after it was previously listed—and this time around, the mansion has taken a $2 million price cut.

The owner, Ciaran O'Kelly, an investment banker, purchased the sprawling townhouse at 74 Bank Street back in 2005 for $8.3 million, property records reveal. In the not too distant past, he hired Leroy Street Studios (who also designed billionaire hedge funder, Steven Cohen’s West Village megamansion) and Christine Markatos Design to spruce up the townhouse.

When it came on the market in May last year, it was asking $26.5 million, but now O’Kelly is looking to make $24.5 million from the sale. The 6,000-square-foot townhouse was built in 1842 and has a lot of great things going on for it. This includes 13-foot-tall ceilings on the parlor level, a decked terrace beyond the dining room that leads to a landscaped garden below, and a cellar level equipped with a gym.

O’Kelly has also been trying to sell another massive townhouse at 134 Charles Street. He envisions a megamansion transformation of the property and had listed it on the market for $45 million in May last year. Before that he was trying to sell it for $47.5 million. That property is no longer listed on the market. Do you think he’ll have better luck with the Jane Street mansion?