Art dealer Leo Koenig’s West Village duplex on the market

For the past several years, gallery owner Leo Koenig has been busy creating his own work of art: his West Village home.

The sprawling duplex at 259 West Fourth Street, which he shares with his partner, Jennifer Lyu, a senior executive at fashion brand Kate Spade, consists of three apartments that he painstakingly put together starting in 2018 , including one that had previously been combined. The last of the units was purchased in 2021.

“It was a labor of love,” said Mr. Koenig, who deals in contemporary art and runs a gallery on the Upper East Side. He paid about $3.5 million for the apartments. “Then at least another million in renovations,” he said. “I got to the point where I stopped counting.”

In addition to combining the three spaces through extensive renovations, which included new tiled bathrooms and an updated kitchen, he added a four-zone HVAC system and soundproofing. All these changes and improvements were recently completed.

And now—you guessed it—it’s time for him to sell. “Our lives are moving uptown more and more,” said Mr. Koenig, who also has a farm complex in Andes, N.Y. “Jen works on Park Avenue, and I’m on Madison and 75th Street. Her kid goes to school on the Upper West Side. And our friends have moved north, too.”

One of the couple’s requirements for their future home: “We’re looking at apartments that need renovation,” he said. “I like projects”.

The duplex, at the corner of Perry Street, is now on the market for $5.5 million, with $5,130 monthly maintenance, according to Kane Manera, an agent with the Corcoran Group, who is listing the property with his colleague Hilary Landis.

Measuring approximately 2,300 square meters, the apartment is located on the third and fourth floor of the shared six-story building. It is currently configured with two bedrooms and two and a half bathrooms, along with an office and a library/sitting room. “They can be converted into extra bedrooms,” Mr Manera said.

The main entrance is on the upper level. A foyer opens into a large living room, which leads to an enfilade-style office and library. There is a second living room at the other end of the apartment, along with a laundry room, a full bathroom, a guest bedroom and a master bedroom.

“It’s winding,” Mr. Koenig said of the layout, “and it just keeps going and going.”

Downstairs is an open kitchen, equipped with granite countertops and splashback, maple cabinets and stainless steel appliances. And nearby is a powder room and a very large dining room, where a large variety of Hopi kachina dolls are on display.

“My special place is the dining room,” Mr. Koenig said. “I sit there at the table every morning and do my work and drink my coffee.”

There are bleached oak floors, 9-foot ceilings and large windows throughout the home. And then there’s the contemporary artwork, which includes bold paintings by Anselm Reyle and Peter Saul and a modern sculpture by Donald Judd, as well as furnishings by designers such as Wendell Castle and Jean Royère.

Art and furniture are also for sale. “If someone loves the art as much as the house, there’s a further conversation to be had,” Mr. Koenig said.

Mr. Koenig, who grew up in Germany, started making art when he was just 21, setting up a makeshift gallery in an industrial garage in Williamsburg, Brooklyn. He is now one of New York’s top art dealers.

Mr. Koenig says he has enjoyed living downtown. “I will miss the vibrancy of the neighborhood and the quiet,” he said. “You have both.”

“This is the main bloc that everyone seems to want to be in,” added Mr. Manner.

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