CORE Group breaks downtown record with $11m 10th St. sale.A luxury, single-family townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. at 10 West 10th Street in the West Village in Manhattan has sold for a downtown record-breaking $11.5 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Steve Ganz, executive vice president of CORE Group Marketing, the exclusive sales agent. Until this sale, a $9.3 million dollar townhouse at 23 East 11th Street held the record below 34th Street. According to Ganz, extensive renovations in progress made the completed house difficult for buyers to visualize at first. However, as the work neared completion, dozens of celebrities and financial moguls were eager to see the gorgeously renovated, Greek Revival-style home. "We had bids from a rapper, a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" phenom and an Internet entrepreneur An Internet Entrepreneur is a person that engages in business on the internet and helps to shape the future of business on the internet by being an innovator. One who is able to recognize opportunity and administer resources to take advantage of the opportunities. ," says Ganz, "but in the end, only the current purchaser followed through." The 7,700 s/f, five-story mansion includes six bedrooms, eight full and three half baths, a master suite encompassing an entire floor, formal and casual entertaining and family rooms, and a paneled library. The 2,000-square-foot, full-height basement contains a gym and a very large recreation room. The townhouse also includes 12 zones of central air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , 18 zones of radiant heat heat proceeding in right lines, or directly from the heated body, after the manner of light, in distinction from heat conducted or carried by intervening media. See also: Radiant floors, a hydraulic elevator, music wired throughout, and four levels of outdoor space. "Although the mansion reflects a classic aesthetic, it also features a modern layout with large bedrooms, en suite bathrooms for every bedroom, and a wealth of entertaining space," adds Ganz. "It's a remarkable home, and its value is underpinned by its selling price." |
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