38 Commerce Street, Manhattan
Mixed use · 1 unit · built c. 1836 · Block 584, Lot 27.
Building permits
- No Work, filed Jun 18, 2026, described as “Theatrical performance. Actual performance dates as follows: Monday 7pm, Tuesday 7pm, Wednesday 2pm and 7pm, Thursday 7pm, Friday 2pm and 7pm, Saturday 2pm and 7pm, and Sunday 2pm and 7pm.”
- Alteration, filed Dec 8, 2025, estimated cost $30K, described as “Structural work as shown on plans filed herewith”
- Alteration, filed Mar 13, 2025, estimated cost $1K, described as “Application filed to document the existing zoning lot pursuant to AC 28-118.3.3, as per ZRD1 Control #74308 approved by HUB Commissioner Pavan on 3/29/2024.”
- Alteration, filed Mar 6, 2025, estimated cost $185K, described as “Structural work as shown on plans to include reconstruction of courtyard wall and connection of existing joists to brick masonry walls.”
- Alteration, filed Dec 5, 2023, estimated cost $3K, described as “Temporary construction fence in conjunction with exterior renovation work being completed under DOB-approved general construction application # M00882927-I1.”
- No Work, filed Nov 2, 2023
- Alteration, filed Jun 14, 2023, estimated cost $2.3M, described as “General construction work as shown on plans (Cherry Lane Theater Renovation).”
- Alteration, filed Jun 12, 2023, estimated cost $100K, described as “Plumbing work as shown on plans.”
- Alteration, filed Jun 12, 2023, estimated cost $150K, described as “Mechanical work as shown on plans.”
- Alteration, filed Jun 12, 2023, estimated cost $100K, described as “Boiler work as shown on plans.”
- Alteration, filed Jun 12, 2023, estimated cost $10K, described as “Structural work as shown on plans to include new openings in existing interior brick masonry walls.”
- Alteration, filed Jun 12, 2023, estimated cost $12K, described as “Modifications to an existing sprinkler system”
Property taxes
- Assessment
- $722,250
- 2026–27 tax
- $74,542
- Market value (city estimate)
- $1,605,000
- Taxable value
- $687,150
- Assessed land
- $303,750
- Assessed improvements
- $418,500
Zoning
R6: floor area ratio 3.02 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 28, 2023: $10,026,429, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of Greenwich Village Historic District (Historic District). 19 Landmarks Preservation Commission permits are on file.