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Behind the preserved historical facades, the ultra-rich are buying up adjacent townhomes in the West Village and Upper East Side, combining them into a megamansion. It's part of a broader trend of small multifamily buildings being turned into single-family homes. www.bloomberg.com/graphics/202...

bloomberg.comThe Rise of the Manhattan Mega-MansionIn the West Village and other historic neighborhoods, buyers are consolidating apartments and combining townhomes, a sign of New York’s allure to the ultra-rich.

In the West Village, one out of every six small multifamily buildings has been turned into a single-family home since 2004. Citywide, more than 9,600 units have been eliminated as part of this trend.

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It's a trend that is quietly changing the character of neighborhoods, block by block, as buildings that once housed a dozen or more New Yorkers become single-family dwellings.

Thank you for this article! I lived in one of these apartment buildings on the UES and was kicked out in 2016 when Roman Abramovich bought the building to convert it into a mega-mansion. There were residents in our building that had been there since 1963.

Had friends in college and after who grew up middle class in Manhattan Beach, with parents working at defense contractors or whatnot. Cannot imagine it now, whenever I see what’s become of the place.

“I generally think we should let people do what they want but in this particular case the neighborhood character would be lost if it loses density”