Rare Hudson Square Townhouse Co-op Goes on the Market 3 Bedrooms at an 'Unheard Of' Asking Price

Photo: Nick Oliver/Hauseit

On a tree-lined block on Lower Manhattan’s west side recently dubbed Hudson Square, a trio of brick walk-ups at 47-49 King Street contains 13 co-op units that rarely come to market. Currently listed is “a particularly rare find,” according to Curbed’s reporting of the listing: a courtyard-facing three-bedroom triplex that has only changed hands once—20 years ago—since the buildings went co-op in the 1970s.  

Among the three buildings - two of which are landmarked Federal-style townhouses and the other a wider building across the courtyard in the back - the last unit to hit the market was three years ago. Prior to that, only one unit went up for sale each year on average, according to Curbed

Priced at $1.875 million with a monthly maintenance charge of $1,676, the 970-square-foot unit is a relative steal, given that most two-bedrooms in the neighborhood sell for $2 million and up, and similarly-priced units have carrying charges at least double this one’s. (Currently, notes Curbed, there is only one two-bedroom listing in Hudson Square under $2 million; a three-bedroom at this price is “unheard of.”) 

Adding to the unit’s rarity is its private-feeling, scenic entry through an iron gate between the two street-facing townhouses. A stone-paved courtyard garden surrounded by vine-covered walls contains shared seating areas and a BBQ grill. From there, a few steps lead up to a private balcony with a door to the apartment. (The unit can also be accessed through the building’s front door on King Street.) “It really is an oasis, a lovely place to come home to,” says the current owner, who is only leaving this rare gem to “retire to the beach.”

As Curbed describes it, inside is a large living room that has an original brick fireplace with a mantel and antique casings. The open kitchen has some upgrades by the current owner including slate countertops from the English Lake District, as well as black cabinets with white framed-glass panels—a color scheme that is repeated in the living room’s built-in cabinets running under the windows.


Related Articles

Ten Years of NYC Home Sales

A Tale of Two Trends

REBNY Report: Slight Increase in Residential Sales for July

Numbers Still in Drastic Decline From Last Year

Buying in Bulk—A New Strategy for Condo Purchases

Gramercy Park Condo Latest in Trend

Got Ghosts?

Tips for Buying & Selling Haunted Real Estate

COVID’s Effect on the Condo/Co-op Market Continues to Baffle

Can AI Help?

Can Co-op Boards Set Unit Prices?

Fighting Market Forces in a Softening Market