112 Washington Place
Built in 1832 and family-owned for 125 years, this Federal Style townhouse was constructed a generation before most homes in Greenwich Village. The structure remained untouched for decades and had fallen into a state of severe disrepair before it was acquired in 2007 by Blesso Properties. The front façade featured elegant period details such as wrought-iron railings, fluted columns, and a majestic entrance under a unique stained glass transom were all meticulously restored preserving the unique features that could be saved. The remainder of the building seamlessly wed the house’s historic character to a contemporary modern design.
Blesso Properties removed half a floor to create a double-height living room with a large window wall, creating stunning views of the rear garden year-round. The final design featured a finished basement, a full-floor master suite, and a penthouse addition complete with entertainment room, wet bar and large roof deck. Historically appropriate finishes in this 3,500-square-foot residence include five-inch North American Black Walnut floors and stairs, three fireplaces, and handmade custom mill-work.
Blesso Properties believes that high quality, unique design remains the best protection against a financial downturn. Unlike market-driven commodity developments, this property successfully sold at the peak of the financial crisis while virtually no other sales transacted in the area. The project did not suffer a loss despite a 28% decline in overall townhouse prices.