Robert Dankner, the managing director of real estate brokerage Prime Manhattan Realty, is bullish about the Greenwich Village townhouse market.
“The renovation prospects for converter or developer are extraordinary because the normal townhouse buyer, somebody who’s going to be spending $12 to $30 million, ultimately doesn’t have the DNA to go through a multi-year renovation process,” he told Real Estate Weekly’s Dan Orlando.
The neighborhood was the site of one of his recent deals. Last August, he represented the buyer of the West 10th Street townhouse of composer Jonathan Scheffer . The property, which contained 5,200 s/f of space, was sold for $18.1 million.
For the full interview, check out the video below.