Greenwich Village Townhouse Sells for $9.1 Million, Setting Monthly Record

A four-story townhouse at 45 MacDougal Street sold for $9.1 million at a June 22 auction, the highest Village sale recorded so far this year.

Clearance rates across Manhattan dipped to 64 percent in June, yet selective buyers still competed for turnkey historic stock in core Greenwich Village blocks. The MacDougal result arrived days after the latest round of federal rate signals, which kept mortgage costs elevated and narrowed the pool of qualified bidders.

The property stands two blocks south of the New York University campus and one block from the Jefferson Market Library branch. Both landmarks draw families and professionals who value walkable access to transit and green space when they evaluate bids.

Village Preservation data show the median auction price for Greenwich Village properties reached $3.4 million through June 30, up 8 percent from the same period last year. The MacDougal Street sale cleared 22 percent above its published reserve and outpaced the next-highest Village result by $2.3 million.

Revised Pricing for Nearby Stock

Three other MacDougal Street listings scheduled for July auctions have since raised their reserves by an average of 12 percent, according to broker notes filed with the Manhattan Multiple Listing Service. Agents handling 19th-century row houses on nearby Sullivan Street now reference the $9.1 million figure when counseling owners on timing.

Comparable impact appears most immediate on blocks between West 4th Street and Bleecker Street, where inventory has remained steady at 47 active listings since May. Two properties that failed to meet reserve in late June have returned with updated marketing that highlights proximity to the same transit stops used by the MacDougal buyer.

Guidance for August Sellers

Owners considering an August auction should pull fresh comps from the Department of Finance sales database before setting reserves. Properties that match the MacDougal Street profile in square footage and condition may see faster clearance if priced within 5 percent of the June benchmark, while those outside that band risk extended marketing periods.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.