SOLD FOR $6,100,000
Listed at $8,500,000 · Sold 28.2% below asking · Closed March 11, 2025
48 Commerce Street
MLS® #RLS10985379
Listing by The Agency Brokerage
9
Bedrooms
8.5
Baths
4,860
Sq. Ft.
1844
Year Built
Quick Summary
Property Highlights
- Outdoor Space: Patio
- Fireplace: 9 fireplaces
- Style: Prewar architecture
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | May 9, 2023 | $10,000,000 | - |
| Price Reduced | Oct 30, 2024 | $8,995,000 | -10.1% |
| Currently | May 18, 2026 | $8,500,000 | -5.5% |
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.
Features & Amenities
Interior Features
Exterior Features
Building Information
Financial Details
About Greenwich Village
View All Greenwich Village ListingsGreenwich Village, or 'The Village,' remains the heart of New York’s creative history and intellectual life. Defined by its winding, non-grid streets and the iconic Washington Square Park, the neighborhood offers a unique sense of place. The real estate market is highly sought after, featuring some of the city's most beautiful historic townhouses, gold-coast cooperatives, and discreet luxury developments that maintain the area's low-rise charm.
Greenwich Village Live Market Data
View NeighborhoodActive Listings
190
Median Asking Price
$1.49M
Median $/Sqft
$1,868
Avg Days on Market
N/A
New This Week
13
Price Reduced
32%
Sold (30 Days)
5
Median Sale Price
$3.97M
Live data from RLS at REBNY • Updated 5/18/26, 11:36 AM EST
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Location
48 Commerce Street, Greenwich Village, New York County • Near Bedford Street/Hudson Street
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $54,298, or roughly $4,525 per month. Verify the current assessment with your attorney before closing.
This property has 9 bedrooms and 8 full bathrooms and 1 half bathroom.
The listed interior living area is 4,860 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1844, making it approximately 182 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $8,500,000 for 4,860 sq ft, the asking price per square foot is approximately $1,749. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of The Agency Brokerage - Michael Birlya
Listing Contact: (646) 496-2174
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 3:36 PM UTC