The property was purchased for $8.95 million in 2012, as revealed by public records, but the renovations made from the bottom up of this five-storey building has now made the Greenwich Village townhouse worth $25 million.
According to listing agents Leonard Steinberg of Compass, and Royce Pinkwater of Pinkwater Select, the five-storey, red brick home has a finished basement and measures up to 7,200 square feet. A landscaped garden is also attached to the property. There are also two terraces in the building, a roof terrace and a fifth floor terrace from the entertaining room. The house has the same number of bedrooms as its floors. The basement has a bathroom as well as a space for a movie theater, a wine room, plus a gym.
According to Candace Taylor of The Wall Street Journal, the owners, Brandon and Deborah Shainfeld, finished renovating the four-apartment Manhattan townhouse on the same week their first child was born. 33-year-old Deborah said she was at the house the day before she was about to give birth. Having had a background in the construction industry, Deborah was on top of the renovations being done in the Greenwich Village townhouse on 11th Street.
Brandon Shainfeld, on the other hand, is an executive at Videology, a video advertising company. The couple was originally from South Africa before they moved to the United States, where they have family living in Los Angeles. They bought the Manhattan townhouse in 2012 despite it being "in [a] terrible condition."
Though the couple originally intended to move in to the house after the renovations, the Shainfelds decided that it was better if they lived nearer to family on the other coast. Despite the decision to move, however, Deborah still wanted to finish the house as she says she had a vision of what she wanted to create and didn't want to just stop.
