Seller's Agent in 2024
Nick Gavin
Compass
(646) 610-3055
2 in this area
110 Total Sales
45 Canal St New York, NY 10002
Chinatown NeighborhoodEstimated Value: $6,058,000 - $8,599,000
2
Beds
4
Baths
4,000
Sq Ft
$1,962/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 1-minute walk to East Broadway
- High Ceiling
- P.S. 42 Benjamin Altman Rated A
- 1 Fireplace
- 2-minute walk to Captain Jacob Joseph Playground
About This Home
As of May 2024In the heart of Dimes Square lies one of the most unique and bespoke houses in New York City. Spanning almost 4,000 square feet across four floors plus a studio level, 45 Canal Street offers an elevated, understated Downtown oasis. The result of a multi-year renovation by Trimble Architecture, with evident inspiration from venerable architect Luis Barragán, this single-family home soars with high ceilings, floor-to-ceiling casement windows on every floor, and multiple outdoor spaces. Skylights, oblique corners, and hidden cutaways create an immersive dialogue between shadows and light. Each room interpolates its own conversation with these elements, from the top-floor atelier that bathes in the open exposures, to the ground floor studio, where a more diffuse light saunters in from the patio. This interplay - of work and leisure, of light and shadow, of the aesthetic and the vernacular - results in 45 Canal Street being both a home and inspiring creative space.
Entering through the cast iron doors, the foyer opens below to the double-height studio and office space. The over-15-foot ceilings and white brick and stucco walls create an open and collaborative environment. The more intimate office, with custom shelving by FAD woodwork, leads to a private patio, the first of three private outdoor spaces in the house. Laundry, a wet bar, and a powder room complete the floor.
Up the stairs you’ll first notice the ecru stucco texture by Hoon Kim, which lines the walls of the upper three floors of the house. The open living room and kitchen bathes in natural light through floor-to-ceiling casement windows on the south, and includes a custom built-in bookshelf and kitchen woodwork by FAD Woodwork. A wood-burning fireplace, oversized pantry, and windowed kitchen further elevate the serene charm. Discreet pocket doors separating the kitchen from the dining area add sophistication and privacy.
Skylights illuminate the stairway leading to the principal bedroom suite. Occupying the full floor, the principal suite is a singular retreat. Floor-to-ceiling casement windows gleam with soft southern light all day; two rows of custom closets, with wood drawers, glass doors, and separate compartments for clothing, shoes and accessories, provide ample space and organization for all of your belongings; a wood-burning fireplace creates a cozy hearth; skylights in the bathroom shine over the dual vanities with custom glass medicine cabinets and the freestanding soaking tub.
The top floor serves either as a guest suite, home office, or entertaining salon. Two terraces, one flanking each the north and south sides of the floor, create additional entertaining and lounge space. A wet bar and full bathroom make this a versatile floor. Floor-to-ceiling casement windows and 12-foot ceilings bathe the space in natural light.
Dimes Square has emerged as one of the most sought after neighborhoods in Manhattan, the zeitgeist of a new class of downtown tastemakers. It offers a wide range of exceptional dining, entertainment and hospitality choices, both new and legacy, that have invigorated that corner of Canal Street, including: Dimes (the neighborhood’s namesake); the Nine Orchard Hotel; Corner Bar; Le Dive; Kiki’s; Casino; Metrograph Cinema; Bode, and Parcelle.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $40,032
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 19.500000x50.000000
- Private Entrance
Interior Spaces
- 4,000 Sq Ft Home
- 3-Story Property
- High Ceiling
- 1 Fireplace
- Wood Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Vanity
Laundry
- Laundry in unit
- Washer
Outdoor Features
- Patio
- Terrace
Utilities
- Central Air
- No Heating
Community Details
- No Home Owners Association
- Chinatown Subdivision
Listing and Financial Details
- Legal Lot and Block 35 / 00298
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2023
Closed on
May 23, 2024
Sold by
45 Canal St Llc
Bought by
45 Canal Llc
Seller's Agent
Nick Gavin
Compass
List Price
$10,500,000
Sold Price
$8,350,000
Premium/Discount to List
-$2,150,000
-20.48%
Total Days on Market
124
Views
203
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$502,791
Avg. Annual Appreciation
-6.53%
Purchase Details
Closed on
Mar 31, 2011
Sold by
45 Canal Associates Llc and Sam Stern %
Bought by
45 Canal St Llc
Purchase Details
Closed on
Oct 20, 1994
Sold by
Tarlow Charles B and Tarlow Moses
Bought by
Tarlow Rachel
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 45 Canal Llc | $8,350,000 | -- | |
| 45 Canal Llc | $8,350,000 | -- | |
| 45 Canal St Llc | $2,350,000 | -- | |
| 45 Canal St Llc | $2,350,000 | -- | |
| Tarlow Rachel | -- | -- | |
| Tarlow Rachel | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2024 05/23/24 | Sold | $8,350,000 | -7.2% | $2,088 / Sq Ft |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- |
| 01/24/2024 01/24/24 | Price Changed | $8,995,000 | -14.3% | $2,249 / Sq Ft |
| 10/26/2023 10/26/23 | For Sale | $10,500,000 | -- | $2,625 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $40,043 | $199,370 | $86,400 | $147,454 |
| 2023 | $40,490 | $199,370 | $57,672 | $141,698 |
| 2022 | $38,771 | $316,800 | $86,400 | $230,400 |
| 2021 | $38,558 | $340,440 | $86,400 | $254,040 |
| 2020 | $36,587 | $387,720 | $86,400 | $301,320 |
| 2019 | $34,755 | $398,880 | $86,400 | $312,480 |
| 2018 | $33,868 | $166,142 | $58,027 | $108,115 |
| 2017 | $33,113 | $162,436 | $39,780 | $122,656 |
| 2016 | $30,635 | $153,242 | $31,900 | $121,342 |
| 2015 | $18,536 | $140,040 | $86,400 | $53,640 |
| 2014 | $18,536 | $134,452 | $86,400 | $48,052 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Gavin
Map
Similar Homes in New York, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10972105
APN: 0298-0035
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