46 Commerce Street #5, New York City, NY 10014
Listing Courtesy of Sothebys International Realty
$750,000
Potential Rebate: $11,250
Overview
THE TREE-HOUSE
The top floor studio at 46 Commerce Street is on the prettiest block in the West Village; flanked by the historic Cherry Lane Theatre and the newly opened restaurant, Commerce Inn, from the owners behind Buvette and Via Carota. The perfect setting of the atelier perched in tree-house fashion is housed in an early 1800’s 3-unit townhouse walk-up. The space commands notice with beautiful light streaming in from three exposures; north, east and west, overlooking the parade of leafy sun-lit treetops and collage-like array of west village facades and rooftops.
Given this picturesque backdrop, the atelier captures the imagination in its most inspirational form, a perfect fit for a writer/artist, a retreat away from the bustle of the city. Leading to the top-floor space, the private stairwell with its windowed entry foyer provides a nice bu?er between the lower unit and the studio. The space includes 2 skylights, a north-facing windowed pantry, an all-in-one new washer/dryer, and a newly renovated windowed bathroom. Other features include wide plank oak floors, 12’ angled beamed ceilings, exposed brick walls, and an amazing huge enclosed storage area.
The self-managed financially sound coop has maintained low maintenance: $1,500 maintenance for Studio 5.
Please call for related details and appointments for showing.
Home Features
- •In Unit
- •Kitchen Window
- •Dishwasher
- •City
Estimated Monthly Payment
$5,206 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$11,250
Monthly savings impact
$31/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listing Courtesy of Keller Williams NYC
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS10941846
Price Analysis
Compare average listing prices and value metrics for 46 Commerce Street against the surrounding West Village market.
Average List Price
Price Per SqFt
98.74% Lower
than the West Village price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
West Village
Overview of West Village
The West Village is the charming, bohemian heart of New York City. With its winding, off-grid streets, Federalist townhouses, and literary history, it is widely considered the most romantic neighborhood in Manhattan. For buyers seeking West Village Manhattan real estate, it offers a village-like atmosphere that feels miles away from the city grid.
Living in the West Village is intimate and stylish. It is a neighborhood of sidewalk cafes, jazz clubs, and hidden gardens. As a landmarked Manhattan NYC neighborhood, it has fiercely protected its low-rise scale and artistic soul.
Real Estate & Housing Market
The market for homes for sale in the West Village is famously expensive and low-inventory. It is dominated by historic brownstones and pre-war co-ops. A full townhouse here is a trophy asset.
New development is extremely limited due to landmark protections, making any available unit highly competitive. It attracts celebrities, writers, and finance professionals who want the "real" New York aesthetic.
Lifestyle & Community
The lifestyle in the West Village is European in pace. Residents spend hours at cafes like Sant Ambroeus and Via Carota. The nightlife is legendary but sophisticated, centered around piano bars and historic taverns.
The community is a mix of long-time residents who remember its bohemian days and newer, wealthier arrivals. Despite the wealth, it retains a quirky, neighborly vibe where people know each other.
Transportation & Accessibility
The West Village is served by the 1/2/3 trains at 14th St and Christopher St, and the A/C/E/L at 14th St. The W 4th St station is a major hub connecting nearly all lines (A, B, C, D, E, F, M).
It is one of the most walkable neighborhoods in the city, though the confusing street layout (where W 4th crosses W 10th) can baffle newcomers.
Parks, Schools & Amenities
Hudson River Park provides the neighborhood's backyard, with piers for lounging and jogging. The small, triangular parks like Abingdon Square are cherished local meeting spots.
Amenities are boutique-focused. You won't find many chains here; instead, you have independent bookstores, cheese shops, and some of the best Italian restaurants in America.
Who This Neighborhood Is Best For
The West Village is best for romantics, culture vultures, and buyers who want to live in the most picturesque, human-scale part of Manhattan.
