Historic Manhattan street bought for $32M
The purchase of a historic Manhattan street has been confirmed as an investment firm, Firebird Grove claimed 11 townhouses on Patchin Place, a gated cul-de-sac in Greenwich Village, from Morgan Holding Capital, according to the Real Deal.
The street boasts past occupants like Marlon Brando, poet E.E. Cummings and writer Theodore Dreiser.
It haas been scooped up in its entirety by the investment firm in a modest $32 million deal.
So far, the secluded alleyway off West 10th Street, made up of commercial and residential units built in 1848, has remained fairly untouched since the 1920s — and is even lit by the city’s last remaining 19th-century gas streetlights.
The street became a popular destination for walking tours given that it’s been the onetime home of several other creative legends, including Djuna Barnes.
In the early 2000s, it was turned into a hub for psychiatric practices with offices for 15 psychotherapists.
It’s unclear what Firebird Grove’s plans are following this investment. On its website, the firm describes itself as “a next-generation real estate investment group that buys, modernizes, and operates medium to large scale assets.”
