The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$4,995,000
48 Great Jones St Unit 7F
Manhattan, NY, 10012
View more Manhattan, NY property pages3Beds
2Baths
2,500Sqft
$1998$/sqft
Market Insights
Below nearby median-6.8%
$1998/sqft vs a nearby median of $2143/sqft.
Nearby median$2143/sqft
Nearby properties12
Property size2,500 sqft
- -6.8% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,500 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$5.49M$5.00M – $5.99M · 50% confidence
vs ask $5.00M−$497k (−9.9%)
Asking price is about 9.9% below the fair value — likely to draw competing offers if it's still on market.
$2,143/sqft median across 9 tight comps × 2,500 sqft= $5.36M
- Transit access+$134k +2.5%
- Pre-war character+$134k +2.5%
- Visible condition issues−$134k −2.5%
Cumulative NYC adjustments+$134k+2.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 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
- 28 days
- Last price change
- No change recorded
- Listed
- Apr 14, 2026
- Photos
- 16 photos
- Property type
- coop
- Status
- for sale
Photos
Building Facts
- Year built
- 1897
- Stories
- 7
- Total units
- 14
- Residential units
- 12
- Building area
- 36,390 sqft
- Lot size
- 5,550 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D0
From NYC public records where available.
Price History
May 4, 2026Initial record
$4,995,000for sale