When two side-by-side townhouses on West 13th Street didn’t sell as a combo, the owners decided to add a third one to the mix. That’s at least what’s playing out at 133-137 West 13th Street, where the different brokers/owners on the properties say the townhouse trio is ripe for a megamansion conversion, The Real Deal reports.
The first two townhouses, at 133 and 135 West 13th Street, came on the market for $16 million in January this year. Those buildings are currently setup as rentals, and some of the units still have rent-stabilized tenants in place, according to TRD. In January, the broker on the property told Curbed that they had initiated proceedings against those tenants in order to deliver the building vacant.
These two buildings are also facing foreclosure at the moment after the owners filed for bankruptcy in May, TRD learned. Currently these townhouses are being marketed together for $15 million.
The third building, at 137 West 13th Street, was picked up by a developer for $6.5 million, and is undergoing a gut renovation at the moment. The developer believes the property could be picked up for as much as $20 million on its own.
Together the three townhouses could fetch between $25 million to $30 million before the conversion, the developer told TRD. Once combined, the three townhouses could offer nearly 20,000 square feet of space, and room to have a football field in the backyard, according to the broker on the property.