# 48 Commerce Street, Manhattan

Apartment building · 7 units · built c. 1844 · Block 584, Lot 23.

On Umarelli: https://umarelli.org/nyc/1005840023/48-commerce-street

More construction in West Village: https://umarelli.org/nyc/manhattan/west-village.md

Every lot on block 584: https://umarelli.org/nyc/manhattan/584.md

## Building permits

- Alteration, filed Mar 3, 2026, estimated cost $2.3M, described as “Convert existing 8-unit multi-family building to single-family residence, interior and exterior alterations to include selective demolition, new opening, windows and doors, front stoop,new roof and dormer, roof deck, and bulkhead as per…”

## Property taxes

- Assessment: $1,706,400
- 2026–27 tax: $61,368
- Market value (city estimate): $3,792,000
- Taxable value: $493,349
- Assessed land: $317,700
- Assessed improvements: $1,388,700

## Zoning

R6: floor area ratio 2.82 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 11, 2025: $6,100,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Landmarks

Part of Greenwich Village Historic District (Historic District). 6 Landmarks Preservation Commission permits are on file.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology