by RH Advisors

Check Availability
$8,995,000
↓ $1M (10.1%)
House - For Sale

48 Commerce Street

Manhattan, NY 10014
bedrooms
9 Beds
bathrooms
9 Baths, 1 Half Bath
square feet
4860 Sqft
$48,692
Estimated Monthly
$0
HOA / Fees
1.20%
Cap Rate

About This Property

The stunning 5-story townhome at 48 Commerce St. presents timeless luxury living in the heart of the West Village, one of New York City's most coveted neighborhoods. Brimming with potential, this residence offers the opportunity to create a one-of-a-kind dream home in a beloved Manhattan location.

Set on an expansive lot with almost 5,000 square feet of living space and a width of 20 feet, this residence can accommodate at least 6 bedrooms, each with its own office and walk-in closet. With 8 full baths, residents and guests enjoy comfort and privacy. Features include 9 wood-burning fireplaces, a rear patio, a front garden, and rooftop space that allows for a deck with skyline views. 48 Commerce St. unites enduring charm with a rich history.

Originally built in 1844 on land once owned by Queen Anne, the building was restored in 1994. Located along the curve of Commerce St.-one of the most photographed locations in the city-this home sits amidst tree-lined streets, near upscale shops, restaurants, and cafes. Delivered fully vacant, the home represents the opportunity for a one-of-a-kind single-family conversion, starting with a blank canvas for a buyer with the most impeccable taste.
Unit Size
4,860Ft²
Days on Market
355 days
Land Size
0.03 acres
Price per sqft
$1,851
Property Type
House
Property Taxes
$4,525
HOA Dues
-
Year Built
1844
Listed By
Last updated: 15 days ago (RLS #OLRS-0090964)

Price History

Date / Event Date Event Price
Feb 1, 2024 Price Decreased $8,995,000
↓ $1M (10.1%)
Price Decreased
May 9, 2023 Listed by The Agency Brokerage $10,000,000
Listed by The Agency Brokerage

Property Highlights

Fireplace
Interior Details

Bedroom Information

Bedrooms: 9

Bathroom Information

Full Bathrooms: 8
Half Bathrooms: 1

Interior Information

Living Area: 4860

Room Information

Laundry Features: See Remarks
Rooms: 16

Fireplace Information

Has Fireplace
Wood Burning
Fireplaces: 9
Exterior Details

Property Information

Year Built: 1844

Building Information

Outdoor Living Structures: Patio
Pets Allowed: Building Yes, Yes

Lot Information

Lot Size Dimensions: 20.00 x 56.00

Land Information

Tax Lot: 23
Tax Block: 584

Building Info

Overview

    General

  • Year Built: 1844
  • First Altered Year: 1983
  • Building Count: 1
  • Floor Count: 4
  • Total Unit Count: 8
  • Residential Unit Count: 7
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 1,412
  • Lot Size Depth Feet: 56
  • Lot Size Frontage Feet: 20
  • Building Depth: 40
  • Building Frontage: 20
  • Gross Building Area: 3,985

    Building Floor Area

  • Residential Building Floor Area: 3,985

    Floor Area Ratio

  • Built Floor Area Ratio: 3
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: C5
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: Y
  • Proximity Code: 3
  • Extension Code: N

Neighborhood

  • Community District: 102
  • City Council District: 3
  • Historic District Name: Greenwich Village Historic District
  • Police Precinct: 6
  • Fire Company: E024
  • Health Area: 6400
  • Sanitation District Borough: 1
  • Sanitation Subsection: 2B
  • School District: 02

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 584
  • Lot: 23
  • Borough Block Lot: 1005840023

    Address

  • Full Address: 48 Commerce Street
  • Zip Code: 10014

Valuation

    Assessments Valuation

  • Assessed Total Value: $1,591,200
  • Assessed Land Value: $317,700

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
3 Baths
3,620 ft²
$2,761/ft²
$9,995,000 Feb 28, 2022
$9,995,000 Aug 5, 2022
-
House
4 Beds
4 Baths
3,383 ft²
$3,222/ft²
$10,900,000 Mar 29, 2023
$10,900,000 Sep 1, 2023
-
House
5 Beds
3 Baths
-
$11,250,000 Sep 20, 2018
$11,250,000 Nov 15, 2018
-
House
4 Beds
4 Baths
3,000 ft²
$3,317/ft²
$9,950,000 Jan 28, 2022
$9,950,000 May 12, 2022
-
Townhouse
5 Beds
5 Baths
4,575 ft²
$2,404/ft²
$11,000,000 Jul 27, 2020
$11,000,000 Apr 29, 2021
-
Townhouse
5 Beds
6 Baths
-
$10,200,000 Sep 29, 2014
$10,200,000 Jan 23, 2015
-
Townhouse
8 Beds
8 Baths
-
$8,750,000 Jul 10, 2023
-
$3,142/mo
Multifamily
8 Beds
6 Baths
-
$11,900,000 May 22, 2023
-
-
Multifamily
8 Beds
8 Baths
-
$11,995,000 Sep 6, 2023
-
-
House
4 Beds
5 Baths
-
$10,995,000 Apr 25, 2023
-
-
Townhouse
6 Beds
6 Baths
-
$11,995,000 Feb 6, 2023
-
$2,695/mo
Townhouse
3 Beds
4 Baths
-
$11,750,000 Sep 7, 2023
-
$3,156/mo

About Downtown Manhattan


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Frequently Asked Questions

When was property at 48 Commerce Street built and last sold?
The property at 48 Commerce Street was built in 1844 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 48 Commerce Street is $9,084,950.
What are some comparable homes to 48 Commerce Street?
Homes that are comparable to 48 Commerce Street include a townhouse property at 156 Waverly Place, a multifamily property at 73 Bedford Street, 75 Charles Street.

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