48 Commerce St New York, NY 10014
West Village Neighborhood
9
Beds
8.5
Baths
4,860
Sq Ft
1,120
Sq Ft Lot
Highlights
- Rooftop Deck
- 4-minute walk to Christopher Street-Sheridan Square
- 9 Fireplaces
- P.S. 3 Charrette School Rated A
- Pre War Building
- 4-minute walk to James J Walker Park
About This Home
As of March 2025The 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $54,298
Year Built
- Built in 1844
Lot Details
- 1,120 Sq Ft Lot
- Lot Dimensions are 20.00 x 56.00
- Garden
Home Design
- Pre War Building
Interior Spaces
- 4,860 Sq Ft Home
- 9 Fireplaces
- Wood Burning Fireplace
Bedrooms and Bathrooms
- 9 Bedrooms
Outdoor Features
- Patio
Listing and Financial Details
- Legal Lot and Block 23 / 584
Community Details
Overview
- W. Greenwich Village Subdivision
- 5-Story Property
Amenities
- Rooftop Deck
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2025 03/11/25 | Sold | $6,100,000 | -28.2% | $1,255 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $8,500,000 | 0.0% | $1,749 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $8,500,000 | 0.0% | $1,749 / Sq Ft |
| 11/18/2024 11/18/24 | Off Market | $8,500,000 | -- | -- |
| 10/30/2024 10/30/24 | Price Changed | $8,500,000 | -5.5% | $1,749 / Sq Ft |
| 10/29/2024 10/29/24 | Price Changed | $8,995,000 | +5.8% | $1,851 / Sq Ft |
| 10/28/2024 10/28/24 | Price Changed | $8,500,000 | -5.5% | $1,749 / Sq Ft |
| 09/17/2024 09/17/24 | For Sale | $8,995,000 | +47.5% | $1,851 / Sq Ft |
| 09/12/2024 09/12/24 | Off Market | $6,100,000 | -- | -- |
| 05/14/2024 05/14/24 | For Sale | $8,995,000 | +47.5% | $1,851 / Sq Ft |
| 05/09/2024 05/09/24 | Off Market | $6,100,000 | -- | -- |
| 02/01/2024 02/01/24 | Price Changed | $8,995,000 | -10.1% | $1,851 / Sq Ft |
| 11/15/2023 11/15/23 | For Sale | $10,000,000 | -- | $2,058 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
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 | $59,765 | $478,046 | $317,700 | $349,865 |
| 2023 | $54,298 | $442,637 | $127,760 | $314,877 |
| 2022 | $50,145 | $1,352,700 | $317,700 | $1,035,000 |
| 2021 | $46,553 | $1,591,200 | $317,700 | $1,273,500 |
| 2020 | $47,335 | $1,544,850 | $317,700 | $1,227,150 |
| 2019 | $46,378 | $1,287,360 | $317,700 | $969,660 |
| 2018 | $43,307 | $340,490 | $100,833 | $239,657 |
| 2017 | $40,099 | $315,270 | $105,588 | $209,682 |
| 2016 | $37,635 | $291,922 | $107,848 | $184,074 |
| 2015 | $24,433 | $291,922 | $116,571 | $175,351 |
| 2014 | $24,433 | $282,868 | $92,157 | $190,711 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $185,872 | Commercial | |
| Previous Owner | $1,220,100 | Commercial | |
| Previous Owner | $143,505 | Commercial | |
| Previous Owner | $1,250,000 | Commercial |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $6,100,000 | -- |
Source: Public Records
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10985379
APN: 0584-0023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
Nearby Homes
- 87 Barrow St Unit 5-E
- 79 Barrow St Unit 6AB
- 67 Morton St Unit 5B
- 59 Morton St
- 46 Commerce St Unit 5
- 55 Morton St Unit 7 C
- 81 Bedford St Unit 2C
- 81 Bedford St Unit 4B
- 34 Commerce St
- 110 Charlton St Unit 25D
- 110 Charlton St Unit 20G
- 110 Charlton St Unit 20 E
- 110 Charlton St Unit 25 C
- 110 Charlton St Unit 20 D
- 110 Charlton St Unit 8 E
- 110 Charlton St Unit PH29C
- 110 Charlton St Unit PH30C
- 110 Charlton St Unit 19 D
- 110 Charlton St Unit 17 F
- 110 Charlton St Unit 19 C