Homes In New York City’s West 11th Street May Fetch Over $100 Million

Once a street for the “merely wealthy,” many can no longer afford to live there.

West 11th Street is found between 4th and Bleecker in Greenwich Village. The location has attracted the likes of Sarah Jessica Parker, Liv Tyler, and Rupert Murdoch.

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Several billionaires also own townhouses which can sell for upwards of $30 million. In 2019, The Wall Street Journal called this 500-foot-long portion of West 11th Street a “power block.”

Until recently, there have been a couple of rental buildings that went for $10,000 a month for a two-bedroom.

However, the shift in Manhattan real estate continued to drive up the prices. In 2015, Chipotle founder Steve Ells had purchased two townhouses at the corner of West 4th, combining them into one 16,000-square foot complex.

A year later, Parker and Matthew Broderick bought two more townhouses for $34.5 million.

Some longtime West 11th homeowners have chosen to move out of the location. Tyler sold her house in 2019 for $17.45 million. She initially bought the place for $2.53 million in 2001.

Corner of Greenwich Avenue and West 11th Street, New York City sells for 100000 dollars
Corner of Greenwich Avenue and West 11th Street, New York City | Image by Dada1960 via Wikimedia Commons

According to listing broker Velvet Abashian, most of the properties in the street have already been “snatched up.”

However, there are a couple of unique, newly renovated megamansions in the area. Tal Alexander, co-founder of the luxury brokerage Official, said that if they were ever to sell, they would probably go for over $100 million.

Even some celebrities may no longer be able to afford a home on West 11th Street.

Banner image by Spencer Means via Wikimedia Commons.

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