Via Stephen P Wald / Wald Real Estate

A coral-coloured townhouse in the heart of New York’s Greenwich Village has hit the market for $11m – but it’ll need imagination and elbow grease, as well as deep pockets.

DIY enthusiasts can get stuck into transforming the five-storey fixer-upper at 114 Waverly Place, which dates back to 1826 and features enormous studio windows.

Via Stephen P Wald / Wald Real Estate

The townhouse – which is on the market via Stephen P Wald of Wald Real Estate and was built for Thomas R Mercein, President of New York Equitable Fire Insurance Company – was overhauled in the 1920s and given an Art Nouveau facade. Interiors haven’t fared quite as well, however, and will need gut renovating, though there’s plenty to inspire its second life, including 16-ft-high beamed ceilings.

Via Stephen P Wald / Wald Real Estate
Via Stephen P Wald / Wald Real Estate
Via Stephen P Wald / Wald Real Estate
Via Stephen P Wald / Wald Real Estate

There are strict caveats on the New York property’s sale: ‘This house can only be sold with an extended closing date and a minimum downpayment of 20+% of the purchase price to be released immediately from escrow.’ Guardianship sale would also have to be approved by the New York State court system.

[Via 6 Sqft]

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