105-107 Bank Street
This is a trophy single-family townhouse transaction representing the highest townhouse sale in NYC for 2026 and one of the most significant downtown residential deals on record, underscoring the depth of demand at the ultra-luxury end of the West Village market. At $5,385 per square foot across 13,000 square feet, pricing is firmly in line with comparable ultra-luxury Manhattan residential comps, supported by the property's 40-foot width, new construction quality, and coveted West Village location. RoundSquare Development demonstrates credible execution as a boutique luxury developer, and representation by both Nikki Field of Sotheby's and Matthew Lesser of Leslie Garfield — two of the most prominent townhouse brokers in Manhattan — adds further market confidence. No distress indicators, liens, litigation, or defaults are present, and the transaction closed cleanly. The primary underwriting consideration for any future financing would be the single-family residential nature of the asset, which limits income-producing collateral value relative to its trophy market price.
Deal Stats
Parties
Seller / Landlord
RoundSquare Development
RoundSquare Development is a boutique NYC residential developer known for high-quality townhouse and luxury residential projects in prime Manhattan neighborhoods; completion of a 40-foot-wide West Village townhouse at $70M reflects strong execution and top-tier product positioning.
Buyer / Tenant
Buyer identity was not publicly disclosed in this transaction, which is common for ultra-high-net-worth individuals purchasing trophy residential assets in the West Village at this price point.
Score Analysis
Why this score
Record-Breaking Price Point
The $70M sale represents the highest townhouse transaction in NYC for 2026, establishing market leadership and validating ultra-luxury West Village demand.
Developer Credibility & Execution
RoundSquare Development's proven track record in luxury residential projects and successful delivery of this 40-foot-width flagship asset demonstrates competent execution and quality positioning.
Broker Representation Quality
Engagement of top-tier townhouse brokers (Nikki Field/Sotheby's and Matthew Lesser/Leslie Garfield) validates market positioning and ensures credible transaction facilitation.
Limited Income-Producing Collateral
Single-family residential use restricts future financing options and collateral value compared to income-generating commercial or multifamily assets at equivalent valuations.
Unknown Buyer Identity
While discretion is standard for ultra-high-net-worth residential purchases, lack of buyer identity disclosure limits future transaction transparency and due diligence precedent.
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Provide Detailed Comparable Analysis
Document at least 3-5 comparable ultra-luxury West Village townhouse transactions with pricing, SF, and per-SF metrics to substantiate the $5,385/SF valuation claim.
Disclose Financing Structure Details
Reveal whether acquisition involved institutional capital, family office funding, or cash purchase to strengthen confidence in buyer solvency and transaction legitimacy.
Clarify Highest/Recent Townhouse Benchmark
Specify the prior highest NYC townhouse sale price and transaction date to substantiate the 2026 record claim with precision and historical context.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York All Sale 105–107 Bank St, West Villa... Daily limit: 1/10 Nikki Field Of Sotheby's International Realty Represents Buyer In $70M Manhattan Townhouse Sale SOLD $70,000,000 13,000 SF Sold 1 week ago the deal players comps contact related Summary NEW YORK Price Per Square Foot: $5,384 Total Square Footage: Transaction Type: A newly completed 40-foot-wide townhouse at 105-107 Bank Street in Manhattan's West Village has been sold for $70 million. The property has a total square footage of 13,000, leading to a price per square foot of $5,385. Summary of transaction details: Property Type: Single Family Transaction Amount: $70,000,000 Address: 105-107 Bank Street Market: Manhattan Seller: RoundSquare Development Buyer's Representative: Nikki Field - Sotheby's International Realty Seller's Representative: Matthew Lesser - Leslie Garfield SF: 13,000 PPSF: $5,385 This sale marks the city's priciest townhouse transaction of 2026 and stands as one of the most significant downtown residential deals on record. See More Players Brokers Buyers | Sellers Matthew Lesser 39 deals $509.5M volume BROKER Nikki Field 9 deals $529.8M volume RD RoundSquare Development SELLER Details Deal Summary IMAGE: Nikki Field, John Lennon & Matthew Lesser DATE: 05/21/2026 ADDRESS: 105-107 Bank Street MARKET: Manhattan ASSET TYPE: Single Family SELLER: RoundSquare Development BUYER'S REP: Nikki Field - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Matthew Lesser (@TheTownHouser) - Leslie Garfield (@LeslieJGarfield) SALE PRICE: $70,000,000 SF: 13,000 - PPSF: $5,385 NOTE: A newly completed 40-foot-wide townhouse at 105-107 Bank St. in Manhattan’s West Village sold for $70 million, marking the city’s priciest townhouse sale of 2026 and one of the most expensive downtown residential deals on record. Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. 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Acquires $50M Upper East Side Apt Condo New York | PPSF: $666 02/03/2020 Dr. Lindsay Rosenwald Sells Residential Condo In Lincoln Square, NYC For $46.67M New York | PPSF: $7907 04/16/2021 Vornado Realty Trust Sells Residential Condo At 220 Central Park South For $99.9M New York | PPSF: $8012 07/29/2019 JDS Development Group Acquires Residential Condo At 111 West 57th St In Midtown Manhattan For $50M New York | PPSF: $7039 + 2 12/10/2020 Aman New York Condo Sold On Fifth Ave. In Midtown For $55M With Buyer's Rep Alexander Team - Douglas Elliman New York | PPSF: $8730 + 4 05/23/2022 Blue Castle Investments LLC Acquires $70.5M Condo In Midtown East 05/05/2022 Extell Acquires Development Site & Air Rights In Midtown Manhattan For $82M New York | PPSF: $43733 07/01/2020 Tishman Realty Acquires Package Deal Of Midtown West Resi Condos For $87.4M New York | PPSF: $1136 04/20/2021 Contact Get in touch with the broker you want Select Brokers Nikki Field, Matthew "Matt" Lesser Name Phone (optional) Message I'm an agent These are similar buyers of null properties in this price range Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. Deal Type SALE LOAN LEASE Purchase Price Loan-to-Value (%) Interest Rate (%) Amortization Period 30 years Loan Term 10 years Operating Income Gross Potential Rent (Annual) Vacancy Rate (%) Operating Expenses (Annual) Property Tax Insurance Maintenance Utilities Management Reserves Reset Net Operating Income (NOI) $3,733,333.33 Debt Service Coverage Ratio (DSCR) 0.94x DSCR below 1.0x - deal does not cover debt service Cap Rate 5.33% Cash Flow (Annual) -$248,695.22 Cash-on-Cash Return -1.27% Monthly Debt Service $331,835.71 Annual Debt Service $3,982,028.55 Is there something missing? 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