West Village townhouse with 3 units sells for $11M

The entity Lomond LLC through signatory Matthew McClure, paid $11 million to for the three-unit building (C0) at 61 Charles Street in the West Village, Manhattan.
The deal closed on March 13, 2024 and was recorded on March 20, 2024. The property has 4,080 square feet of built space and 532 square feet of additional air rights for a total buildable of 4,617 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $2,696 and the price per buildable square foot is $2,382 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 signatories for the sellers were Genevieve A. Wilson Smith and Caroline Smith Edlund. The signatory for the buyer was Matthew McClure. The contract date was November 17, 2023. Matthew McClure is co-head of industrials at Goldman Sachs.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Matthew McClure had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Genevieve A. Wilson Smith had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Genevieve Smith, head officer and Caroline Edlund, officer. The business entity is Genevieve A Smith 2010 Irrevocable Trust.

Broker Wendy Gleason of Brown Harris Stevens had a listing for the property.

The property

The building with 3 residential units in West Village has 4,080 square feet of built space and 532 square feet of additional air rights for a total buildable of 4,617 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 95 feet deep with a total lot size of 1,900 square feet. 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 $16.5 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 14 of the 26 commercial properties representing 97,334 square feet of the 204,882 square feet. The largest owner is William Gottlieb Real Estate, followed by S.W. Management and then RWN Management.
On the tax block, there was a new building project for a 26-unit, 34,564 square-foot residential (R-2) building submitted by Aurora Capital Associates and William Gottlieb Real Estate and filed by Matthew Abreu with plans filed March 15, 2017 and permitted July 29, 2021.

The majority, or 69 percent of the 204,882 square feet of built space are walkup buildings, with mixed-use buildings next occupying 16 percent of the space.

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