West Village Townhouse Lands $12M Refi 

Northmarq recently arranged a $12.3 million refinance for a three-story townhouse at 52 Charles St in West Village. The property, built in 1899 and currently functioning as a two-family townhouse, offers 3,640 rentable square feet. Northmarq’s Robert Ranieri facilitated the loan through a bridge lender on behalf of the borrower. 

“This is a vibrant location in close proximity to Union Square, Washington Square Park and many subway lines and steps away from trendy restaurants, bars and shops,” said Ranieri. “The client has spent the past year obtaining approvals and we sourced a bridge/construction lender who saw the potential value in high-end renovated townhouses in the West Village.”   

The borrower’s plans include a comprehensive renovation to transform the property into a single-family townhouse, preserving its historic front facade while featuring five bedrooms, five bathrooms, a private rear yard, and a rooftop addition.