Artist Power Couple Rashid Johnson and Sheree Hovsepian List Captivating Kips Bay Townhouse

An expressive townhouse in Manhattan’s Kips Bay neighborhood has come to market. Currently owned by contemporary artists Rashid Johnson and Sheree Hovsepian, the home spreads 4,148 square feet across four stories and a finished basement. With such scale and after an impeccable remodel, the Lexington Avenue property is priced at $4.995 million.

According to Mansion Global, Johnson and Hovsepian scooped up the townhouse almost a decade ago in 2013. They dropped $3.7 million for the deed, purchasing it from their friend, Jennifer Rubell, who is also an artist. Since then, the creative pair has executed renovations with help from the design practice Ashe Leandro, including updates to the primary bedroom and bathroom. They also added custom-built-in bookshelves and seating to the second story. A 500-square-foot backyard gained a garden and outdoor lounge.

Much like comedian Amy Schumer and talk show host Jimmy Fallon, who have also listed Manhattan homes in the last year, Johnson and Hovsepian are looking to sell for family reasons. Mansion Global reports they are decamping in order to move closer to their son’s school.

A successful sale would bolster an especially successful period for the pair: Johnson, internationally acclaimed for his work with a wide range of mediums, recently directed the HBO film Native Son, while Hovsepian’s photography and collage pieces will feature in the 59th Venice Biennale this year.

Jeremy V. Stein and Jennifer Henson of Sotheby’s International Realty share the listing.