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122 Waverly Place
New York, NY 10011
Nicole Gary with Keller Williams NYC, original listing - (212) 301-1140
$49,000,000
Conventional
Property
Bedroom
4
Bathroom
Full: 6
Property Type
Conventional
Square ft
--
Property Description
Welcome to 122 Waverly Place, an exquisite masterpiece that exudes luxury in every detail across its 5 grand-scale levels, encompassing approximately 7,310 sq. ft. Nestled on a historic, tree-lined block, this meticulously designed gut-renovated home captivates with 3 extraordinary outdoor spaces, totaling approx. 1,925 sq. ft. Light reigns in every room, flooding from two fifth-floor skylights illuminating the center of the home.Upon entering the elegantly designed foyer you are welcomed by a mesmerizing 30? stairwell chandelier that spans the entire height of the house. Adjacent to the entrance, a powder room awaits, while a vast built-in wine wall stands between the powder room and the elevator. A cozy sitting room area beckons, complete with an inviting electric fireplace.A culinary paradise awaits in the sleek chef?s kitchen, boasting top-of-the-line Sub-Zero & Wolf appliances, custom wood veneer, high gloss night armor cabinetry, Buster & Punch London Hardware, Caesarstone countertops, and exquisite custom millwork. Feel the sun cascading through the magnificent two-story window wall sitting at your custom upholstered banquette, in your eat-in kitchen.Take a leisurely promenade out to the garden terrace, this delightful retreat, features a gas barbecue, wet bar, fire table, & private heated pool, that doubles as a soothing swim spa. Adjacent, a cozy seating area surrounds the fire table.Ascending to the second floor, enter the expansive living room. You will immediately appreciate the charm of exposed brick walls complemented by an Arabescato Antico stone wall gas fireplace, Amuneal shelving & TV setup.Adding an element of elegance & sophistication, a dedicated wine lounge serves as the perfect gathering space. Custom-built cabinetry discreetly houses a TV & a full bar ensures added convenience for entertainment and relaxation.The third floor presents 2 generously-sized bedrooms, each graced with its own ensuite bath featuring Caesarstone countertops. The first bedroom designed with custom white decor complements double beds with storage space below, accompanied by upholstered walls. The highlight, a walk-in closet featuring Gucci wallpaper, & floor-to-ceiling windows.The second bedroom has an expansive walk-in closet & learning room outfitted with a desk, comic book wallpaper, and backlit upholstery illuminating the walls with a soft glow.A world of entertainment awaits on the fourth floor. The elegant study with wet bar, ice maker, gun metal shelving also boasts its own powder room. Step right out to your private second outdoor terrace with a fountain, lighting, & trex flooring.The guest room features an en-suite full bath, a large closet, and a stylishly upholstered back wall, Mirrored panels with drop-down lighting create a delightful atmosphere.Reigning on the fifth floor, the primary bedroom is enhanced with backlit Onyx accents, a warm electric fireplace, a seamlessly integrated TV, & hand-crafted Venetian Plaster. An exquisite sanctuary with an abundance of natural light has mesmerizing views of the NYC Skyline.The lavish bathroom suite includes an exquisite soaking tub with backlit Onyx, walk-in steam shower boasting a color-changing lighting system & 6 invigorating body sprays. Highlights include double-stone vanities, make-up vanity, & spacious walk-in closet.Crowned atop this architectural marvel, the tiered roof terrace unveils breathtaking 360 panoramic views, from the Freedom Tower to The Empire State Building An enchanting outdoor oasis, featuring a motorized retractable skylight, walkable skylight, custom built-in seating & full wet bar.Venture down to the wellness cellar into a world of rejuvenation. Embrace a healthy lifestyle in the full gym, pamper yourself in the massage & wellness room, and relax in the sauna. A refreshing plunge pool awaits, while the recreational room offers amenities including a water spicket, ice maker, towel warmer, & a TV.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Townhouse
Year Built
1930
MLS Number
--
Location
Address
122 Waverly Place
City
New York
State
NY
Zip Code
10011
County
NEW YORK (LOWER MANHATTAN)
Listing
Name
Phone
(212) 301-1140
Office Name
Office Phone
(212) 301-1140
Agent Name
Nicole Gary
Agency Phone
(212) 301-1140

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.