Posted by Leonard Steinberg on April 24th, s012

The 64 Perry Street house noted for its appearance on ‘Sex and the City’ has re-sold (after the original buyers won an intense bidding war 6 months earlier) for $ 9.85million. The house had traded above the asking price 6 months ago (and again it traded this time round above the $ 9.65m asking price. When it sold in November 2011 it was considered a record sale price: while the location, detailing, garden, etc are all truly magnificent, the house needs a complete, gut renovation. Now, 6 months later it indicates a market escalation of over 8%…..

The house measures roughly 4,100sf : so initially it sold for almost $ 2,200/sf…..now its re-sold for $2,400/sf. That is a record price for a house requiring a gut renovation: does it set the bar higher for what we should expect townhouses in the West Village to trade for in the future assuming most townhouse renovations of this caliber cost around $ 1,000/sf? Maybe in West Village townhouse valuations, $ 3,000/sf is the new $ 2,000/sf……