The Wall Street Journal


7,100-square-foot downtown Manhattan townhouse has sold for $21 million, according to co-developer Greystone Property Development.

The six-bedroom townhouse on 79 Horatio Street was listed for $22.5 million in March, according to Greystone’s Jeffrey Simpson. It was staged with furnishings in October, which Mr. Simpson said helped attract a buyer. He declined to identify the buyer, but said the buyer is based in the U.S.

Built in the 1880s, the brick townhouse was sold in 2011 by the estate of William Gottlieb, the late real-estate investor known for amassing a major portfolio of downtown Manhattan properties. The estate still retains between about 80 and 100 properties, said Martin McLaughlin, a spokesperson for the estate’s portfolio.

In 2012, the developers, Greystone and the Vesta Group, bought the property through a limited-liability company for $10.45 million, according to public records. They converted the space, which had been cut up into 10 units, into a single-family mansion, as it was originally intended, according to Mr. Simpson.