Former Home of Alexander Hamilton Jr. on St. Mark’s Place Sells for $10M

Posted On Thu, April 28, 2016 By

Posted On Thu, April 28, 2016 By In East Village, Historic Homes, Recent Sales

Tickets to Broadway’s Hamilton just keep going up and up, but the famous surname didn’t seem to help Alexander Hamilton Jr.’s former East Village home in the price department. The founding father’s son was the first owner of the Federal-style townhouse at 4 St. Mark’s Place, which hit the market back in November for $12 million. But the Commercial Observer reports that the landmarked property (and recent home of famous punk store Trash and Vaudeville) sold for only $10 million to Castellan Real Estate Partners.

Hamilton Holly House , NYC Federal Townhouse, St. Mark's Place, Alexander Hamilton Jr.
The Hamilton-Holly House in a 1939 tax photo when musical instruments firm C. Meisel, Inc. occupied it

As 6sqft previously reported, “In 1833, three decades after his father died in a duel with Aaron Burr, Hamilton Jr. bought the home and moved in with his mother Elizabeth Schuyler Hamilton (who was riddled with debt after her husband’s death), wife Eliza, and his sister Eliza Holly and her husband Sidney. Known as the Hamilton-Holly House, it features Flemish Bond, a signature of the Federal style, as well as a marble English basement level, high stoop with Gibbs surround entryway, and two dormer windows.” The Hamiltons sold the house in 1843, and by mid-century, as the neighborhood fell out of fashion, the homes along St. Mark’s were split into multiple dwellings. Interestingly, in the 1950s and ’60s, the home was used an experimental theater, including the Tempo Playhouse, New Bowery Theater, and Bridge Theater.

The building totals 10,000 square feet, 5,668 of which encompasses the retail space on the first and lower levels, which Castellan plans to keep. Above are four market-rate apartments that are currently vacant. Eastern Consolidated’s Ron Solarz, who represented the seller, said in a statement, “it is in effect a blank canvas, offering the buyer a unique opportunity to renovate the building and realize a tremendous amount of upside.”

[Via CO]

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Neighborhoods : East Village

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