The Village’s beloved pink townhouse lists as an $11M fixer-upper

Posted On Mon, October 15, 2018 By

Posted On Mon, October 15, 2018 By In Cool Listings, Greenwich Village, Quirky Homes

Often noted for its unusual studio window and bright coral hue, the five-story townhouse at 114 Waverly Place was built in 1826 as part of a row of nine houses constructed for Thomas R. Mercein, who was at the time city comptroller and president of New York Equitable Fire Insurance Company. A dramatic overhaul in 1920 designed by William Sanger for portrait painter Murray P. Bewley is responsible for the building’s quirkier design elements, which are credited to a German Expressionist style known as Jugendstil, a mix of English Art Nouveau and Japanese applied arts. This unusual Village house is now on the market for $11 million–with a few caveats.

Architects had been transforming outdated Federal and Victorian homes into fantastical artists’ studios across town in the East Village, and William Sanger’s stucco-coated creation was impressive competition with its curved roofline, 16-foot beamed ceilings and expansive studio window. Painter Jacob Getlar Smith used the studio in the 1940s.

The entrance floor has Italianate styling, with English basement stoop and round-arched doorway and windows.

Though it will be delivered vacant according to the listing, this “once in a lifetime opportunity to gut renovate this one of a kind Village gem” does come with a few drawbacks. For one, that gut renovation will be needed, clearly. In addition “the house can only be sold with an extended closing date and a minimum down payment of 20+ % of the purchase price to be released immediately from escrow…and the terms of this guardianship sale will have to be approved by NYS court system.”

[Listing: 114 Waverly Place by Stephen Wald for Stephen P. Wald]

[At CityRealty]

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Images courtesy of Stephen P. Wald.

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Neighborhoods : Greenwich Village

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