1 year on rocket

48 Commerce St, New York City, NY, 10014

$8,500,000

9 Bedrooms
8 Full Baths, 1 Partial
4,860 SqFt
$1,749/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Year Built1844
FireplaceWood Burning
MLS #OLRS-0090964
StatusActive

About 48 Commerce St

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.<br><br> 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. <br><br>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.

Property Details

Property Features

Property Information:

  • Architectural Style: Prewar
  • Year Built: 1844
  • Living Area: 4,860 SqFt

Listing Office:

  • Office Name: The Agency Brokerage
  • Office Phone: (866) 371-6468
  • Listing Agent: Michael Birlya
  • Agent Phone: (646) 496-2174

Interior Features

Interior Information:

  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 8
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Exterior: Building Roof Deck, Garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $1,749/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

48 Commerce St vs New York

373 DAYS ON ROCKET

+289 Days

$8,500,000

+$7.6M More

$1,749/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $7.6M more than the Median Sold Price and $1.1K/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #OLRS-0090964

Listing Office:

  • Office Name: The Agency Brokerage
  • Office Phone: (866) 371-6468
  • Listing Agent: Michael Birlya
  • Agent Phone: (646) 496-2174

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/24/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$42.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1140047
7
/10
  • P.S. 3 Charrette School

  • 490 Hudson St

  • 0.09 miles

  • Public District Grades PK-5

school-card-donut-1140048
4
/10
  • M.S. 297 New York

  • 75 Morton St

  • 0.09 miles

  • Public District Grades 6-6

school-card-donut-1140049
9
/10
  • P.S. 41 Greenwich Village School

  • 116 W 11th St

  • 0.45 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,125. Residents of New York, NY typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 48 Commerce St

What is the listing price of this property?

The listing price of 48 Commerce St property is $8,500,000.

What type of property is this?

The property 48 Commerce St is a house located in New York City, New York, 10014.

Is this property for sale now?

Active Listing: 48 Commerce St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 48 Commerce St has 9 bedrooms and 8 full and 1 half bathrooms.

What is the square footage of this property?

The property 48 Commerce St is 4,860 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 48 Commerce St is 1844.
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Rocket HomesNew YorkNew York1001448 Commerce St

This home is located at 48 Commerce St in New York City, NY and zip code 10014 in the West Village neighborhood. This 4,860 square foot home was built in 1844. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since November 16, 2023 and is currently priced at $8,500,000.

While more than 269 listings in New York, NY in October 2024 were sold above asking price, there were more than 850 listings sold at asking price, and more than 833 were sold below. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $856,124, while the average time on the real estate market was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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