NOT LISTED FOR SALE

Estimated Value: $3,846,000 - $7,013,000

2 Beds
2.5 Baths
3,777 Sq Ft
$5,854/mo HOA Fee

Last Sold August 27, 2020

Last sale price $8,500,000 $2,250 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $42,060/month

465 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Canal Street (A,C,E Line)
  • Pre War Building
  • P.S. 234 Independence School Rated A
  • City View
  • 1-minute walk to Tribeca Park

About This Home

As of August 2020

Own one of the most incredible penthouse residences in the city, featured on the cover of Architectural Digest, this residence seamlessly marries significant architectural details and proportion with modern design.

One of most striking features of this penthouse is an oak-paneled rotunda approximately 28 feet in diameter with a 25? high domed ceiling and spectacular stained-glass oculus. Other details include original mosaic tiled floors from 1896 and a concealed wet-bar for entertaining.

The rotunda originally served as the dining room for members of the New-York Wool Exchange, the original tenant for 260 West Broadway.

This penthouse features soaring 12? ceilings throughout with an expansive living room, ideal for entertaining. The living room enjoys bright Southern and Eastern facing exposures with open views of Downtown Manhattan and a wood burning fireplace, this room has beautifully preserved moldings with loft like proportions and pre-war charm.

Modernly designed by Thomas O'Brien of Aero Studios, the kitchen includes floor to ceiling linen and glass paneled accordion doors that open onto the living room. The kitchen is outfitted with appliances by Sub-Zero and Viking, complemented by large exposures, a wooden island and marble throughout.

The master bedroom suite features two private dressing rooms with custom lacquer millwork, a wood burning fireplace with an original mantle and a stunning bathroom clad in floor to ceiling marble.

Alternative floorplans are for visualization use and subject to approval, please consult your own architect.

260 West Broadway

Designed by William B. Tubby in the Renaissance revival style, this iconic building was built by the New York Wool Warehouse Company as the New York Wool Exchange in 1896 and is a part of the National Register of Historic Places.

Converted to condominiums in the 1980?s, residents enjoy a 24-hour doorman, gym, and a private roof deck. Its impressive facade curves from Beach Street into West Broadway locating it in one of the best blocks where Tribeca meets SoHo with access to excellent dining, shopping, and transportation.

Last Agent to Sell the Property

Carrie Chiang

Corcoran Group License #30CH0809543 Listed on: 02/28/2019

Corcoran Group

Co-Listed By

Aloysius Carlos

Nest Seekers LLC License #10301220231

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $66,756

Year Built

  • Built in 1894

Lot Details

  • 0.29

HOA Fees

  • $5,854 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 11th floor

Interior Spaces

  • 3,777 Sq Ft Home
  • City Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 212

Community Details

Overview

  • 50 Units
  • American Thread Condos
  • Tribeca Subdivision
  • 11-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$66,756

Year Built

Built in 1894

Lot Details

0

HOA Fees

$5,854 per month

Listing Details

  • Cross Street: Beach Street & York Street
  • Exposures: East,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Architectural Style: Prewar
  • Entry Level: 11
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 3777.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5853.93
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 131.0 x 75.0

Building Info

  • New Construction: No
  • Building Name: AMERICAN THREAD
  • Units: 50
  • Total Stories: 11
  • Year Built: 1894

Tax Info

  • Tax Block: 212
  • Tax Annual: 66755.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
Aug 26, 2020
Sold by
Hankx Llc
Bought by
Haber Kris
Seller's Agent
Carrie Chiang
Corcoran Group
List Price
$14,800,000
Sold Price
$8,500,000
Premium/Discount to List
-$6,300,000
-42.57%
Current Estimated Value
$5,811,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,688,476
Avg. Annual Appreciation
-7.17%
Original Mortgage
$5,525,000
Outstanding Balance
$4,912,077
Interest Rate
3%
Mortgage Type
Unknown
Estimated Equity
$899,447

Purchase Details

Listed on
Apr 11, 2013
Closed on
Oct 2, 2013
Sold by
Atc Real Estate Holdings Llc
Bought by
Hankx Llc
List Price
$10,500,000
Sold Price
$11,500,000
Premium/Discount to List
$1,000,000
9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.28%
Original Mortgage
$8,000,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2008
Sold by
Atc Trust
Bought by
Atc Real Estate Holdings Llc

Purchase Details

Closed on
Mar 22, 2006
Sold by
Swiader Joseph B and % Cohen Ehrlich & Frankel, Llp
Bought by
Henry Bubel As Trustee

Purchase Details

Closed on
Jun 15, 1999
Sold by
Etro Usa Inc
Bought by
Swiader Joseph B
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Haber Kris $8,500,000 --
Hankx Llc $11,500,000 --
Atc Real Estate Holdings Llc -- --
Henry Bubel As Trustee $7,350,000 --
Swiader Joseph B $4,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haber Kris $5,525,000
Previous Owner Hankx Llc $8,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2020 08/27/20 Sold $8,500,000 -42.6% $2,250 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
02/23/2019 02/23/19 For Sale $14,800,000 +28.7% $3,918 / Sq Ft
10/02/2013 10/02/13 Sold $11,500,000 +9.5% $3,045 / Sq Ft View Prior Sale
09/02/2013 09/02/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $10,500,000 -- $2,780 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $65,819 $471,086 $88,448 $382,638
2024 $65,819 $526,468 $88,448 $438,020
2023 $53,866 $532,258 $88,448 $443,810
2022 $54,525 $540,184 $88,448 $451,736
2021 $66,264 $540,184 $88,448 $451,736
2020 $69,304 $597,355 $88,448 $508,907
2019 $66,756 $584,120 $88,448 $495,672
2018 $64,718 $559,824 $88,447 $471,377
2017 $60,652 $541,145 $88,447 $452,698
2016 $57,792 $541,126 $88,448 $452,678
2015 $21,733 $465,718 $88,447 $377,271
2014 $21,733 $436,347 $88,448 $347,899
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10613955

Real Estate Board of New York (REBNY)

APN: 0212-1050