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334 West 20th Street
New York, NY 10011
Jim St. André with Compass, original listing -
$22,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6
Property Type
Conventional
Square ft
7058 Square Feet
Property Description
The result of a years-long renovation helmed by AD100 firm Gachot Studios, 334 West 20th Street is an impeccably renovated single family townhouse situated within the Chelsea Historic District. This 25-foot wide Greek Revival masterpiece spans 7,058 square feet across five levels, with three separate and distinct outdoor spaces including a tranquil tiered garden and rooftop deck. Exquisite finishes greet you at the home s parlor floor, with ceiling heights reaching over 11 feet, 5-inch wide plank select rift cut European White Oak floors in a chevron pattern, and mahogany pocket doors with unlacquered brass hardware, with custom woodwork and plaster moldings throughout. Wood-burning and gas fireplaces clad with Imperial Danby marble mantels and Absolute Black granite hearths are found in the dining room and living room, respectively, with a stunning mahogany-clad butler s pantry offering seamless entertaining possibilities with an electronic dumbwaiter and adjacent powder room. The living room s triple French doors open to a balcony and staircase descending to the garden with lush mature plantings. Descending to the home s garden level via the gracefully curving staircase or the home s elevator, you are immediately drawn to the custom-designed mahogany wood kitchen featuring Imperial Danby marble and Absolute Black granite counters, a handmade Lacanche Savigny range, Miele and Sub-Zero appliances, and custom Valli & Valli hardware. A fully outfitted pantry holds additional prep space, refrigeration, and access to the dumbwaiter. The adjacent family room with a gas fireplace opens directly onto the verdant landscaped garden with lush vegetation and slate pavers. A powder room, guest suite with full bath, and convenient mud room with built-in dog washing facilities complete the floor. Wellness and relaxation are the focus of the lower level, where a media room or lounge with adjacent wet bar leads to a dedicated wine cellar, home gym, powder room and laundry facilities. As you head upwards, you reach the second level, containing three graciously proportioned bedrooms with three en-suite bathrooms; finishes in each include Walker Zanger Bianco Dolomite marble floor tiles, custom vanities by Gachot, and Waterworks Highgate fixtures. Pocket doors open to a central media room or den, and a study or playroom is conveniently located off one of the bedroom suites. The top floor of the townhouse is solely devoted to a gracious and sun-filled primary bedroom suite. A central entrance gallery, complete with a custom mahogany wet bar and refrigerator, is surrounded by capacious closets. The south-facing primary bedroom is bathed in light; the adjacent sitting room leads out onto an oversized private terrace. On the northern end of the floor is a stunning primary bathroom wrapped in Bianco Dolomite marble, featuring a freestanding Duravit Luv bathtub, steam shower, and Waterworks fixtures throughout, and leads to an oversized dressing room or office. The home s central staircase leads from the primary floor to a roof terrace with panoramic city views. Originally constructed in 1836, 334 West 20th Street is a thoroughly elegant and high caliber residence at home in one of the city s finest historic districts, set on a charming and beautiful tree-lined Landmarked street of restored historic townhouses. The original facade, painstakingly preserved and restored, is married with an entirely rebuilt, structural steel reinforced home complete with hydronic radiant floor heat throughout, Lutron lighting controls, automated shades, and state-of-the-art mechanical systems. Truly an exceptional creation and a rarity in today s marketplace.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
334 West 20th Street
City
New York
State
NY
Zip Code
10011
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(646) 732-8162
Office Name
Office Phone
Agent Name
Jim St. André
Agency Phone
(646) 586-8268

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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.