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for saleRealtyLens property overview
$4,950,000

15 Gay St

Manhattan, NY, 10014
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4Beds
4Baths
3,344Sqft
$1480$/sqft

Listing Notes

Step into the storybook charm of 15 Gay Street, a rare Greenwich Village townhouse where timeless architecture meets a rich, bohemian past. Built in 1910, this four story, four-unit walk-up spans approximately 3, 344 square feet on a 1, 235-square-foot lot. Tucked away on one of Manhattan's shortest and most winding lanes, Gay Street curves gracefully between Christopher Street and Waverly Place - an intimate passage lined with 19th-century elegance. Federal-style brick facades from the 1820s and 1830s greet you on one side, while Greek Revival designs from the mid-1800s stand proudly on the other. Every step along its cobblestones hums with history: once home to Black musicians and Village creatives, later a discreet destination for speakeasies during Prohibition, and now celebrated as part of the Stonewall National Monument. With 1, 000 square feet of unused FAR & delivered vacant, 15 Gay Street presents a rare Greenwich Village townhouse opportunity to convert this property into a single-family home, live with income, or continue to use as a prime location income producer.

Market Insights

Below nearby median-45%

$1480/sqft vs a nearby median of $2713/sqft.

Nearby median$2713/sqft
Nearby properties8
Property size3,344 sqft
  • -45% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,344 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$9.44M$8.59M$10M · 50% confidence
vs ask $4.95M−$4.49M (−90.6%)

Asking price is about 90.6% below the fair value — likely to draw competing offers if it's still on market.

$2,713/sqft median across 7 tight comps × 3,344 sqft= $9.07M
  • Transit access+$363k +4.0%
  • Pre-war character+$227k +2.5%
  • Visible condition issues−$227k −2.5%
  • High-density walkability+$181k +2.0%
  • AI-generated marketing photos−$181k −2.0%
Cumulative NYC adjustments+$363k+4.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-45% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
32 days
Last price change
No change recorded
Listed
Apr 10, 2026
Photos
13 photos
Property type
multi family
Status
for sale

Features & Amenities

Two Or More Stories

Photos

Building Facts

Year built
1910
Stories
3
Total units
4
Residential units
4
Building area
2,001 sqft
Lot size
1,235 sqft
Land use
Multi-family walk-up buildings
Building class
C3

From NYC public records where available.

Price History

May 4, 2026Initial record
$4,950,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.