An eye-popping property hoping to spur one of the highest sale prices in the history of the Mile Square City has hit the market and could set a record for the neighborhood if a buyer is found.
The Wall Street Journal is reporting that Johan de Nysschen, the chief operating officer of Volkswagen Group North America Region, has listed his Hoboken townhouse for $5.25 million. de Nysschen purchased the property at 113 Grand Street back in 2015 for $3.5 million before embarking on an extensive renovation to the 6,000 square feet of indoor space.
Several apartments were combined to form the current living space at the building, which dates to the late 1800s. The renovation saw skylights added to the center of the property and cost about $2.5 million, according to listing agent Sharon Shahinian of Brown Harris Stevens.
The revamped home sports an elevator to help access the four bedrooms and four and a half bathrooms spread throughout the property’s four floors. de Nyscchen compared the space to a resort when discussing it with the Journal, as the property features an indoor pool, a sauna, a gym, four outdoor terraces totaling 1,500 square feet, a 500-bottle wine wall, and a roof deck complete with fireplace.
Other draws of the townhouse include a game room and a private four-car garage, an amenity almost unheard of in Hoboken. Taxes run $35,970/year at the property, which is located about half a mile west of the Hudson River.
If the home sells for close to the asking price, it will be among the most expensive single-family residences sold in Hoboken. The highest sale price in the city’s history was a $6.5 million townhouse at 504 Hudson Street that changed hands in 2016, although that property was just two blocks from the city’s waterfront.
Hoboken has had a few other high-profile properties hit the market in recent years that include Eli Manning’s former pad in the Hudson Tea Building. The former New York Giant initially listed his condo for $5.2 million before selling it in 2018 for a then-record $3.55 million. That sum was bested a year later when a Maxwell Place apartment once home to former Governor Jon Corzine sold for $3.89 million.