The New School sells 190-year-old townhouse in Greenwich Village for $10.3M

An anonymous buyer through the entity Hartford 2020 Trust paid $10.3 million to The New School for the two-family building (B1) built in approximately 1834 at 21 West 11th Street in Greenwich Village, Manhattan.
The deal closed on July 30, 2025 and was recorded on August 4, 2025. The property has 4,038 square feet of built space and 724 square feet of additional air rights for a total buildable of 4,755 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $2,550 and the price per buildable square foot is $2,165 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for The New School was Loretta Ferrari. The signatory for Hartford 2020 Trust was Michael B. Benner . The contract date was April 25, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Hartford 2020 Trust had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller The New School had not purchased any other properties and sold one property in one transaction for a total of $30 million over the same time period.

The property

The 1-4 family building with 2 residential units in Greenwich Village has 4,038 square feet of built space and 724 square feet of additional air rights for a total buildable of 4,755 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 103 feet deep with a total lot size of 1,957 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The property is in the Greenwich Village Historic District. The city-designated market value for the property in 2022 is $8.7 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 10 of the 21 commercial properties representing 151,419 square feet of the 377,766 square feet. The largest owner is Charles Alpert (271), followed by Eun Rae Jo and then Robert Gitto.
There are no active new building construction projects on this tax block.

The majority, or 37 percent of the 377,766 square feet of built space are specialty buildings, with elevator buildings next occupying 32 percent of the space.

The seller

The PincusCo database currently indicates that The New School owned at least one commercial property with 140 residential units in New York City with 112,898 square feet and a city-determined market value of $35.4 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single hotel property. It is located in Manhattan.

Direct link to Acris document. link