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West Village Townhouse With Artsy Past To Hit Market for $49.95M

The building was once home to automotive heir Walter P. Chrysler, Jr.

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The three-story townhouse in West Village is coming on the market for $49.95 million.

Dolly Lenz Real Estate
The three-story townhouse in West Village is coming on the market for $49.95 million.
Dolly Lenz Real Estate

A townhouse in Manhattan’s West Village is coming on the market for $49.95 million, creating an opportunity for wealthy buyers to convert it into a mega-mansion in the trendy downtown neighborhood.

The three-story building on Charles Street currently serves as two floors of office space and two rental units. It is 52-feet wide and has roughly 13,238 square feet, according to Dolly Lenz, chief executive of the eponymous brokerage Dolly Lenz Real Estate, which is handling the sale.

"So far, there are varied interests," Ms. Lenz told Mansion Global. "Some potential buyers want to create a mega-mansion, some want to merge the rental units into a penthouse, still others might keep the current configurations."

The townhouse is located on Charles Street.

Dolly Lenz Real Estate

Greenwich Village, including its sub-territory West Village, has seen an uptick in mega-mansions in recent years. Celebrity couple Sarah Jessica Parker and Matthew Broderick, Facebook co-founder Sean Parker and telecom mogul Dexter Goei are all undertaking conversions of the townhouses they bought into massive single-family homes.

Another townhouse on Christopher Street, which changed hands for $45 million in 2014, is being gutted now, according to Ms. Lenz, who at the time represented the seller, New York Foundling, a foster and child-care agency.

Justin Timberlake is said to be interested in the Charles Street building, a source told Mansion Global. He reportedly toured a penthouse in Greenwich Village recently.

Agents for the singer/actor didn’t immediately respond to requests for comments.

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The townhouse has a pedigree of famous owners. The current seller is Ciaran O'Kelly, former head of the Nomura Holdings’ equities business in the Americas. He purchased the townhouse through a limited liability company in 2008 for $17 million, according to public records.

Built in 1911 for William H. Woolverton, president of American Railway Supply Co., the building became a gallery and urban hideaway for automotive heir and avid art collector Walter P. Chrysler, Jr. in 1965. He sold the townhouse in 1973, according to property records.

The noted painter and printmaker Jennifer Bartlett moved into the townhouse in 1989 and resided there for two decades. Ms. Bartlett received wide acclaim for monumental installations such as "Rhapsody," now part of the Museum of Modern Art’s permanent collection.

The townhouse is located in the Greenwich Village Historic District, but not a landmark itself, so it’s relatively easy to convert into a mansion, according to Ms. Lenz.

Write to Fang Block at fang.block@dowjones.com