Updated 4 years ago
Off Market
38-42 Commerce Street
West Village, Manhattan | Bedford Street & Hudson Street
15,205 Square FeetIncome Property
$12,950,000
floors / apts4 / 8
Lot Size52'9"x153'
Built Size52'9"x150'
ZoneR6
Building TypeLow-Rise
RE Taxes$136,620
Price Per SF
$852
Building Amenities
- Voice Intercom
Property Description for 38-42 Commerce Street
38-42 Commerce Street has an unique and wonderful place in Greenwich Village history. Commerce Street, aka Cherry Lane is an idyllic and scenic 2 blocks that curves west towards Barrow Street.
Located at 38 Commerce Street is the historic 179 seat Cherry Lane Theatre.
In 40-42 the newly renovated 60 seat Cherry Lane Studio theatre and 8 residential apartments. Residential rent roll provided upon request.
Considered a historic jewel of Greenwich Village, at nearly 100 years old, it is America's longest continuously running Off Broadway Theater. These 3 buildings are joined through common hallways and shared building mechanics.
The historic theaters will be delivered fully equipped and unencumbered by any contractual production arrangements. Both theaters are beautifully maintained and lovingly restored.
The magnificent history of 38 Commerce Street begins in 1817 with the original site of a farm. Where the farm silo once stood, a brewery was erected 1836 which then became a tobacco warehouse and later a box factory. Ultimately, Cherry Lane Theatre. In 1923, a group of theater artists led by Evelyn Vaughn, William Rainey, Reginald Travers & later, Edna St. Vincent Millay, commissioned famed scenic designer Cleon Throckmorton to convert the box factory into Cherry Lane Playhouse. It fueled some of the most ground-breaking experiments in the chronicles of the American Stage.
40 Commerce Street, hidden behind 42 was once a multi floor horse stable, and 42 a residential walk up.
Kenneth Carroad, along with a group of similar-minded neighbors joins forces to save 38-42 Commerce Street buildings from demolition in the early 1950s. Carroad then built and managed a restaurant in the 40-42 building. After dining hours the Cherry Lane Restaurant was a popular late night gay club in the 1960-1970s.
Where The Cherry Lane Restaurant once was is now the Studio Theatre, lobby, box office and restrooms. Having a unique place in history, many artists have called Cherry Lane home, both getting their start at Cherry Lane and having their shows open on its legendary stage. Notable artists and their work at CLT include Sam Shepard, Bea Arthur, Amiri Baraka, Gene Hackman, Kevin Bacon, Barbara Streisand, Jerry Stiller, Antoinette Nwandu, Tony Curtis, Lorraine Hansberry, Edward Albee, F. Scott Fitzgerald and Gertrude Stein to name but a few. Many artists and productions have graced the Cherry Lane stages, the future is bright and the time is right for a new owner to take over the reins from the current owner.
38-40 Commerce Street
3 Stories
Block & Lot 00584-0027
Tax Class 4
Lot 29'.9" x 75'.5"
Building 29'.92" x 75'.5"
42 Commerce Street
4 Stories
Block & Lot 00584-0026
Tax class 2B
Lot 23'.08" x 78'
Building 23' x 75
Located at 38 Commerce Street is the historic 179 seat Cherry Lane Theatre.
In 40-42 the newly renovated 60 seat Cherry Lane Studio theatre and 8 residential apartments. Residential rent roll provided upon request.
Considered a historic jewel of Greenwich Village, at nearly 100 years old, it is America's longest continuously running Off Broadway Theater. These 3 buildings are joined through common hallways and shared building mechanics.
The historic theaters will be delivered fully equipped and unencumbered by any contractual production arrangements. Both theaters are beautifully maintained and lovingly restored.
The magnificent history of 38 Commerce Street begins in 1817 with the original site of a farm. Where the farm silo once stood, a brewery was erected 1836 which then became a tobacco warehouse and later a box factory. Ultimately, Cherry Lane Theatre. In 1923, a group of theater artists led by Evelyn Vaughn, William Rainey, Reginald Travers & later, Edna St. Vincent Millay, commissioned famed scenic designer Cleon Throckmorton to convert the box factory into Cherry Lane Playhouse. It fueled some of the most ground-breaking experiments in the chronicles of the American Stage.
40 Commerce Street, hidden behind 42 was once a multi floor horse stable, and 42 a residential walk up.
Kenneth Carroad, along with a group of similar-minded neighbors joins forces to save 38-42 Commerce Street buildings from demolition in the early 1950s. Carroad then built and managed a restaurant in the 40-42 building. After dining hours the Cherry Lane Restaurant was a popular late night gay club in the 1960-1970s.
Where The Cherry Lane Restaurant once was is now the Studio Theatre, lobby, box office and restrooms. Having a unique place in history, many artists have called Cherry Lane home, both getting their start at Cherry Lane and having their shows open on its legendary stage. Notable artists and their work at CLT include Sam Shepard, Bea Arthur, Amiri Baraka, Gene Hackman, Kevin Bacon, Barbara Streisand, Jerry Stiller, Antoinette Nwandu, Tony Curtis, Lorraine Hansberry, Edward Albee, F. Scott Fitzgerald and Gertrude Stein to name but a few. Many artists and productions have graced the Cherry Lane stages, the future is bright and the time is right for a new owner to take over the reins from the current owner.
38-40 Commerce Street
3 Stories
Block & Lot 00584-0027
Tax Class 4
Lot 29'.9" x 75'.5"
Building 29'.92" x 75'.5"
42 Commerce Street
4 Stories
Block & Lot 00584-0026
Tax class 2B
Lot 23'.08" x 78'
Building 23' x 75
Listing History for 38-42 Commerce Street
Now
06/02/2022
POM by Mary A. Vetri
Brown Harris Stevens
2022
Building Details for 38-42 Commerce Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts4/8
Transit and Citi Bike
Subway
Christopher St-Stonewall
0.2 miles
Houston St
0.21 miles
W 4 St-Wash Sq
0.26 miles
Spring St
0.36 miles
Citi Bike
Barrow St & Hudson St
0.08 miles
7 Ave S & Bleecker St
0.11 miles
West Village | Manhattan
Quick Profile
Known for its high-end shopping on Bleecker Street, the elegant brownstones dating back to colonial times that have been depicted in films and television, the abundance of cafes, and its celebrity residents, the West Village neighborhood is what springs to mind when you think of the essence of New York City. This is a neighborhood where the pace of life is less hurried, and harried, than in other neighborhoods, exuding an understated elegance and naturally beautiful sophistication and charm.
The West Village has something to offer everyone, whether your taste runs to designer goods and trend-setting restaurants, or you are happier browsing thrift stores and whiling away the hours in conversation with friends at a hole-in-the-wall coffee shop. There are public green spaces dotted throughout this neighborhood, where you can stop and commune with nature, or grab a bite to eat from a local deli or cafe and have a picnic. The Hudson River Park offers recreational opportunities and events for all ages.
There is a tradition of bohemian non-conformity attached to the West Village. Even the intimate, tree-lined, and sometimes cobblestoned, streets refuse to conform to the grid layout of the rest of Manhattan. Activism and social consciousness have always been hallmarks of this neighborhood. The neighborhood is diverse and accepting of all. You will find artistic venues and experimental theater, together with a broad spectrum of bars, including speakeasies, and restaurants featuring myriad cuisines.
The West Village is primarily residential, conspicuously lacking the high-rise office buildings that characterize other neighborhoods. This lends an air of quiet sophistication during the day. At night, the area becomes more lively, as residents frequent their favorite restaurants, theaters, cafes, and gastropubs. Housing consists of brownstones dating back to the 18th century, low-rise walk-ups, townhouses, artists lofts, and condos in renovated buildings. Newer high-rise residential buildings are cropping up along the Hudson River. Always popular with celebrities and artistic types, the West Village is now attracting families and young professionals in the tech and financial fields.
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.
OLR ID: 82606TH
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