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Real Estate

Investment firm scoops up entire iconic Manhattan street for just $32M

A historic Manhattan street that boasts past occupants like Marlon Brando, poet E.E. Cummings and writer Theodore Dreiser has been scooped up in its entirety by an investment firm in a modest $32 million deal.

The purchase took place earlier this month — when investment firm Firebird Grove purchased 11 townhouses on Patchin Place, a gated cul-de-sac in Greenwich Village, from Morgan Holding Capital, according to the Real 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.

“We have no plans on tearing down the properties,” Marla Siegel, a spokesperson for Firebird Grove told The Post. “That street is full of history and charm. The plan is to maintain the special quality of that block.”

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.”

“Tenants are more curious than apprehensive about the new owner,” Gary Weiss, a tenant at Patchin Place for over 20 years and the author of the forthcoming book Retail Gangster tells The Post.

“Patchin has only been in the hands of three landlords (until the present one) since it was built in 1848.”

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The gated cul-de-sac in Greenwich Village is made up of 11 townhouses.
The gated cul-de-sac in Greenwich Village is made up of 11 townhouses. Getty Images
E.E. Cummings lived here during the height of his career.
E.E. Cummings lived here during the height of his career. Helayne Seidman
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The townhouses built in the late 1800s have remained untouched since the 1920s.
The townhouses built in the late 1800s have remained untouched since the 1920s. Helayne Seidman
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