The Trustee has entered into a contract to sell the Real Property for $7.3M, subject to higher or better offers, and subject to Bankruptcy Court approval.

The home is currently split into two light-filled units:  one is a 7 bedroom, 4 ½ bathroom apartment over four floors, and the other is a one bedroom, one and a half bathroom apartment.  The rear facade is open to a community park and wide open space which allows even more light into the home.  This stunning home easily converts to a single family residence or can be used as an income producing investment property.

The main entrance to the house is at the parlor level.  The entryway is stunning with full size original doors and 11?8? ceilings.  The one bedroom apartment on this level has previously been rented to artists, entertainers, and a yoga studio.

On the second floor is the main living level of the seven bedroom unit.  11?9? ceilings with exposed beams and wood joists and a 23? x 43? living room allow for grand entertaining and dining.  Beyond is a large eat in kitchen with a full suite of Viking appliances.  There is a clever double height ceiling and opening in the kitchen ceiling that allows for easy communication to the den in the floor above.  A powder room is located on this level.

The third floor has three well-proportioned bedrooms, a full bathroom, laundry room and separate den.  Each bedroom has a large walk in closet.  This floor has 10?2? ceilings.  

The top floor maintains fantastic ceiling height at 11? and contains three additional bedrooms including a 14? x 20? master bedroom with en suite bathroom, an additional full bathroom and separate home office.

On the garden level is the seventh bedroom with 10?2? ceiling height, a full bathroom, and a 25? x 20? garden perfect for outdoor recreation, entertaining and dining.  At the front facade is a secondary entrance to the street level.  The cellar level has astonishing 14? ceilings and has been used as a performance space.  Mechanicals are located on this level.  A new boiler and hot water heater have recently been installed.

There is a rich local history embedded in the overall aesthetic of this very special home, and it also delivers on the fundamentals:  amazing location, great light, 25? width, 10?-14? ceiling heights, high bedroom count, flexibility in use, as well as low property taxes.  A rare offering in the downtown market.

Conveniently located on a tree-lined street between First Avenue and Avenue A. Nearby neighborhood favorites include Lucien, Prune, and Russ and Daughters, Public Hotel and the new Soho House. Additional conveniences include close proximity to the F train, Whole Foods and a new Equinox slated to open this Spring.

Albert Togut, Ch 11 Trustee of Hello Newman, Inc., Case No. 16-12910 (SCC).