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 Trophy Asset
Highest NYC townhouse sale in 2026 at $70M demonstrates exceptional market demand and validates pricing at the ultra-luxury tier.
Developer Credibility & Broker Quality
RoundSquare Development's track record combined with representation by top-tier brokers (Sotheby's/Leslie Garfield) reduces execution risk and validates market positioning.
Prime West Village Location & Physical Specs
40-foot width on new construction in coveted West Village neighborhood commands premium pricing justified by comparable ultra-luxury comps at $5,385/SF.
Limited Income-Producing Collateral Value
Single-family residential use restricts refinancing options and reduces leverageable value relative to the $70M trophy price for future debt financing.
Unknown Buyer & Market Transparency
Anonymous UHNW buyer is standard for this asset class but creates limited precedent data for future comparable sales analysis.
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.
Establish Mixed-Use Potential
Explore zoning approval for ancillary commercial/office space (e.g., ground-floor gallery or professional use) to unlock income-producing collateral value.
Document Buyer Identity Post-Escrow
Public disclosure of buyer profile (e.g., family office, institutional investor) would strengthen future refinancing narratives and market benchmarking.
Enhance Financing Partnership Visibility
Publicize any institutional lender involvement or equity partners to demonstrate mortgage-ability and reduce perception of illiquid collateral.
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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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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