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179 Sullivan St, New York, NY, 10012

6beds
6baths
8,100sqft
$18,750,000
$2,315price/sqft
$114,422/moest. monthly cost
$4,576,880/yrincome needed

About This Home

179 Sullivan Street – Art Haus, West Village Repositioned as Art Haus, this 25-foot-wide Greek Revival townhouse has been transformed into a portfolio of luxury, art filled, exquisitely furnished short-term rentals plus a ground-floor commercial suite- nearly doubling its income from prior use. It is, quite simply, the best investment in the best location. For those envisioning a private residence, 179 Sullivan also offers an extraordinary single-family conversion opportunity. Encompassing more than 8,000 square feet across five levels and a cellar, Art Haus is operated today as a high-performing short-term rental model. Each residence is fully furnished, professionally managed, and income-producing, offering investors immediate entry into a proven strategy that requires minimal oversight and short lead time to convert to condos or single family. The property’s scale, design, and efficiency make it a rare find in Greenwich Village, with current returns that outperform its prior positioning and continued potential for growth. With its rare 25-foot width, soaring ceilings, and five full stories above a cellar, the building can be reimagined as a seven-level sanctuary of quiet luxury- complete with expansive entertaining rooms, multiple bedroom suites, a private garden, and a roof terrace. The result would be a distinguished West Village home of exceptional volume and presence, blending architectural pedigree with modern refinement. Architectural hallmarks- including Flemish-bond brickwork, a brownstone stoop, nine-over-nine parlor windows, and a bracketed Italianate cornice- preserve the grace of its 19th-century origins. At the same time, the building’s interiors are tailored to modern living, combining historic character with contemporary functionality. Set on one of the Village’s most intimate, tree-lined blocks and neighboring the MacDougal–Sullivan Gardens Historic District, the townhouse offers both privacy and proximity to Downtown’s most celebrated cultural and culinary icons. Whether held as a high-income short-term rental portfolio or created anew as a grand private home, Art Haus at 179 Sullivan Street is where heritage, hospitality, and opportunity converge.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
96
BikeBiker's Paradise

Schools

6/10
Ps 3 Charrette SchoolGrades PK-50.4 mi
4/10
Middle 297Grades 6-80.4 mi
1/10

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 6

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 8,100
  • Total interior livable area: 8,100 sqft

Property

Details

  • Parcel number: 005250005
  • Special condition: Resale

Features

  • Patio & porch: Other,Terrace
  • Exterior features: Garden,Terrace

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $94,810$1,137,720
Home Insurance *$7,181$86,172
Property Taxes $11,093$133,116
Electricity $1,338$16,063
Total$114,422$1,373,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,923,040/yr
40% on housing$3,432,660/yr
45% on housing$3,051,253/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,315This listing

vs Other Active Listings

Avg $/sqft

ZIP 10012$2,305
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10012$1,576
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-10-03Price change$18,750,000
2025-02-12Listing removed$13,500
2025-02-04Listed for rent$13,500
2024-11-26Listing removed$14,500
2024-11-25Price change$14,500
2024-11-05Listed for rent$15,300
2024-09-17Price change$13,750,000
2024-05-16Listed for sale$15,775,000
2023-06-02Listing removed--
2022-10-14Listed for sale$16,495,000
2016-09-06Listing removed$15,695,000
2016-04-13Listed for sale$15,695,000
2016-01-18Listing removed$15,000,000
2016-01-06Listed for sale$15,000,000
2009-02-18Listing removed$15,000,000
2008-08-31Price change$15,000,000
2008-07-14Listed for sale$10,000,000
2005-12-27Sold$2,350,000

For Sale by Agent

AgentAloysius Carlos
BrokerageNest Seekers International

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