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48 Commerce Street

Townhouse located in West Village, between Bedford Street & Hudson Street

$8,500,000 ($1,749 per ft2) | 9 beds, 6+ baths | Approx. 4,860 ft2
45 days on Market

Townhouse Facts

  • Year Built: 1930
    Minimum Down: 20%
    Total Floors: 4
    Listed: Sep 17, 2024
    Last Price Change: ($495,000) on Oct 30
    Days on Market: 45
    Building Type: Townhouse
    Neighborhood: West Village (Manhattan)
    Listing viewed 269 times
Monthly Real Estate Taxes: $4,525
Total Taxes & Fees: $4,525 ($0.93/ft2)
Est. Monthly Mortgage: $45,012
Total Est. Monthly Carrying Cost: $49,537 ($10.19/ft2)
Note: the above is based on a down payment of 20% ($1,700,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location and Historic Charm: This spacious 5-story townhome is located in the highly desirable West Village neighborhood in New York City, on one of the most photographed streets. The historic building, originally built in 1844 and restored in 1994, was built on land once owned by Queen Anne, adding a rich history to its charm.
  • Customizable Living Space: With nearly 5,000 square feet of living space, this property offers the opportunity to create a custom, one-of-a-kind dream home. It can accommodate at least 6 bedrooms, each with its own office and walk-in closet, and includes 8 full baths.
  • Unique Features: The property features 9 wood-burning fireplaces for added warmth and charm. The building, with a width of 20 feet, was converted in 1983 and contains 7 apartments across 4 floors.
  • Outdoor Living: The property includes a rear patio, front garden, and rooftop space for outdoor living. There is potential for a rooftop deck with skyline views, perfect for entertaining or relaxing.
  • Convenient Amenities: The building amenities include an elevator for easy access to all floors. The property is delivered fully vacant, offering the opportunity for a single-family conversion.
  • Vibrant Neighborhood: Located near upscale shops, restaurants, and cafes, this property offers a vibrant lifestyle in one of New York City's most sought-after neighborhoods.

Description

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.

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Building Amenities

  • Elevator
Listing courtesy of The Agency Brokerage
Off Market
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Pricing History

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Subways

  1. 1
at Varick 0.21 miles
  1. M
  2. B
  3. D
  4. F
  5. A
  6. C
  7. E
at 6th Ave and Waverly Pl 0.28 miles

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