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CORE Group breaks downtown record with $11m 10th St. sale.

A luxury, single-family townhouse at 10 West 10th Street in the West Village in Manhattan has sold for a downtown record-breaking $11.5 million, according to 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 phenom and an Internet entrepreneur," 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, 18 zones of radiant heat 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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Title Annotation:CORE Group Marketing
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 22, 2006
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