This outstanding townhome provides optionality for investors or those looking to create their perfect home. All units are currently leased, providing a prospective purchaser with an immediate income generating property. For the single-family buyer, one can easily convert this outstanding home back to an original one-family residence. The renowned architect firm Ingui Architecture has conceptualized and designed this conversion to become one of the most spectacular park-facing townhouses in NYC, the plans are subject to DOB and LPC approvals.
This property can be delivered vacant, with tenants in place or live/work on a floor or two or three and keep the rental income. No rent stabilization. The building, block, park, and surrounding neighborhood are all protected and preserved as part of the Greenwich Village Historic District. Perfectly situated in charming Greenwich Village, you are within a block of transport, dining & anything you could need.
The William Dare Morgan residence was originally built as a four-story home with gated forecourt, ornate fencing, an elevated stoop, formal columned entrance portico, and paneled door with sidelights and transom. William Dare Morgan was Vice President of the Produce Exchange, a partner in Grinnell, Tinker & Morgan, a governor of the Knickerbocker Club, a founder of New York Hospital, and a graduate of Yale University. He and his wife Angelica Livingston Hoyt, a descendant of two of the signers of the Declaration of Independence, raised four children in the house. They added a fifth floor in 1880, and their family remained in the house for over half a century. Ensuing owners include former silent movie executive Richard West Saunders, well-known attorney John Pinkerton East, painter Everett Shinn, and the financier Charles V. Bob. The Greek Revival style houses along the North side of Washington Square Park flanking lower Fifth Avenue are what remains of a group of houses known as "the Row", built for the social elite of the Village in the 1830s. Now recognized as one of the most outstanding series of Greek Revival houses in the country, they were sought after for their uniform architectural style, high quality construction, extra wide and deep lots, prominent stoops, formal entrance porticos, and generous front gardens and forecourts.
During the 1900s, the area was home to notable American writers including Edgar Allen Poe, Mark Twain and Ida Tarbell. Edward Hopper and countless other painters, musicians and artists have drawn inspiration from the energy and community. Greenwich Village is one of the few neighborhoods that still retain old world charm and a sense of timelessness in Manhattan.
Quick Profile
Birthplace of beatniks, Greenwich Village has always been a neighborhood bursting with creativity, home to artists, poets, musicians and writers. There is a lot of foot traffic in the neighborhood, as it gives convenient access to many other neighborhoods. There are a lot of popular eateries on MacDougal Street and bars on Bleecker Street. The neighborhood has a bit of a college-town feel, due to the presence of NYU. There aren’t large chain stores here, so it isn’t really a mecca for shopaholics, but you can find interesting vintage stores and specialty boutiques.
Available housing is centered on pre-war walk-ups. You can find good deals on the quieter, tree-lined side streets, as opposed to the bustling avenues. There are pockets of brownstones and townhouses, some dating back to the early 19th century, throughout the neighborhood, as well. You will find more luxurious housing in the newer high-rise buildings on Park and Fifth Avenues.
Washington Square Park is the heart of the neighborhood. If you sit near the Arch and close your eyes, you might catch an echo of the music and social history of the Park, floating through the air. Greats like Joan Baez, Bob Dylan, and Paul Simon started their storied careers right here in Greenwich Village. Today, the Village is a celebration of diversity, where everyone is welcome.