47 Greene Street

The elevation is the plain, early Greene Street type: a cast-iron storefront at the sidewalk carrying a masonry front above, ordered by regular window openings rather than by applied ornament. It is a mixed iron-and-masonry structure of the post-Civil War period rather than a full cast-iron front, which is the more common condition on this block than the celebrated all-iron examples suggest.

Behind it the building is 48 feet wide and 100 feet deep on a 4,833-square-foot lot, six stories over cellar, with roughly 25,600 square feet of built area of which PLUTO attributes about 18,200 to residential use. Four residences across that area means full-floor plates of substantial width — the frontage is unusually generous for Greene Street — with light from the street elevation and from a rear yard and skylight, the latter replaced under a 2016 filing.

Unit designations run 2 through 5, one per floor, with the ground floor held as a separate commercial unit. The top residence extends into the roof addition and is configured as a triplex; the Department of Finance carries it at roughly three times the market value of each full-floor unit below, which is the clearest available measure of the size difference. Buyers should expect the specification and layout to differ materially between the full-floor residences and the penthouse, and should not treat a price per foot derived from one as applicable to the other.

This is a five-unit building, and the operating posture follows from that. There is no doorman, no amenity program and no staff of the kind a larger Tribeca or SoHo condominium carries; buildings at this scale typically run on a part-time superintendent or a service contract, with the managing agent handling the rest. Common charges are correspondingly low in absolute terms and correspondingly volatile: with four residential payers, a single capital item — the façade, the roof, the elevator, the storefront — lands as a meaningful per-unit number rather than as a line in a large budget.

Two items deserve specific attention at diligence. The first is the reserve position and the assessment history; no audited financial statement for this condominium was on file in The Roebling Research Library at the time of writing, so it must be requested. The second is the Local Law 11 façade cycle. A landmarked cast-iron and masonry elevation is materially more expensive to inspect and repair than a plain masonry one, because the work goes through Landmarks as well as Buildings, and there are four residential owners to fund it.

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2022) cleared a median $4,292/sf across 1 sale.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00475-7513) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

Get the Loft Board and artist-occupancy history in writing. The building's filings carry the Department of Buildings Loft Board indicator, and its residential floors were Joint Living-Work Quarters for Artists before the conversion. Have counsel confirm the current status of the specific unit with the Loft Board and confirm that the 2021 rezoning has removed any remaining artist-certification exposure.

Ask for the current certificate of occupancy. The building has run on a renewing temporary certificate since October 2021. Get the current one and the outstanding-requirements list.

There is no J-51 and no other abatement. Underwrite full unabated taxes on the specific unit from day one.

Four owners fund everything. Ask for the audited financials, the reserve balance, the assessment history and the Local Law 11 status before contract. On a landmarked iron façade those numbers move.

Reconcile the year built yourself. LPC says 1866, PLUTO says 1900, the architect's materials say 1886. Use LPC.

No offering plan is on file here. The policy stack — pets, subletting, pied-à-terre, any resale contribution — is not documented in any public source. Request the plan, the by-laws and the house rules from the managing agent early rather than at contract.

If you're considering 47 Greene Street, also evaluate:

• 43 Wooster Street — a small SoHo loft condominium on the same tax block; the closest structural peer by scale and district
• 477 Broome Street — also on Block 475; a boutique SoHo conversion with a comparable owner count
• 57 Greene Street — the same street a few doors north; full-floor loft residences in the same cast-iron fabric
• 93 Greene Street (Greene House) — Greene Street conversion at slightly larger scale; useful for reading how unit count changes common charges
• 107 Greene Street — north Greene Street loft condominium; a step up in unit count and services
• 40 Mercer Street — the full-service, architect-signed SoHo alternative; the opposite operating model at a similar price tier
• 354 Broome Street (The Ice House) — SoHo conversion of an industrial building; comparable buyer pool, different building type
• 565 Broome Soho — new-construction SoHo condominium; the amenity-and-services counterweight to a four-unit loft
• 475 Broadway — cast-iron Broadway loft conversion one block east; similar landmark constraints
• 476 Broadway — the adjacent Broadway loft alternative; another low-density cast-iron conversion