NOT LISTED FOR SALE

42 Lispenard St Unit 4 New York, NY 10013

Tribeca Neighborhood

Estimated Value: $3,954,000 - $5,406,000

2 Beds
2.5 Baths
2,147 Sq Ft
$1,262/mo HOA Fee

Last Sold May 29, 2020

Last sale price $3,925,000 $1,828 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $26,851/month

188 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Canal Street (N,Q,R Line)
  • Central Air
  • P.S. 397 Spruce Street School Rated A
  • Intercom
  • 3-minute walk to Tribeca Park

About This Home

As of May 2020

Unit 4 at 42 Lispenard Street is a hidden gem exemplifying the perfect blend of high-end luxury and downtown sophistication. This pristine home is a loft lovers dream offering 2 bedrooms and 2.5 bathrooms all of which have been meticulously customized resulting in a sleek, contemporary full floor home set within the frame of a classic, pre-war cast iron building. Boasting 10 9 ceilings and measuring over 2,000 square feet, this impressive home has a private, keyed elevator entrance and features 8-wide plank oak floors, custom gas fireplace, custom built-ins, two generous walk-in closets, solid oak doors, multi-zone central heat and A/C and an in-unit washer and dryer. Entering through the keyed elevator is the open living, dining room and kitchen. Bathed in natural light from its four oversized, double-hung north-facing windows with marble mantles, the room is spacious yet welcoming. Custom details include Marmorino Venetian plaster-finished walls with gilded accents in Moon 22.5 karat gold and palladium leaves, marble encased gas fireplace, a wall of built-in shelving and cabinets, all of which is complimented by a custom mixed media and metallic glaze wall and ceiling finish in the dining area. The open kitchen is finished with modern white cabinetry from Poliform, Calacatta Gold marble countertops and backsplash and a massive waterfall marble island. Appliances are from Miele and Wolf. Occupying the south end of the loft are the two large bedrooms. The master bedroom features a warm accent wall in a French patina-inspired finish, a built-in headboard and side tables. The customized and exquisitely built-out walk-through closet and dressing room boasts custom patina on brass glass doors with bronze handles and a Moon gold leaf ceiling. The en suite 5-piece master bathroom has been discerningly finished in a combination of marble and rich custom-stained rift oak and has a glass-enclosed marble steam shower. The second bedroom has its own en suite bathroom that is graphically styled in all black and white with floor-to-ceiling wall tile, a white pedestal sink and walk-in shower with a rain shower head. Additional highlights include another generously sized walk-in closet, separate laundry room and powder room. 42 Lispenard is a 4-unit 5-story boutique pre-war condominium located at the crossroads Tribeca, Soho, Chinatown and Little Italy. Built in 1915, this cast-iron building was once home to Manhattans famed Pearl Paint. The building is serviced by a virtual doorman and each unit comes with private storage. There is a diverse and eclectic assortment of shops, restaurants, bars and galleries in the immediate and surrounding area as well as access to multiple subway lines via Canal Street.

Last Agent to Sell the Property

Nastassja Balick Coppers

Compass License #10301217093 Listed on: 10/23/2019

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,024

Year Built

  • Built in 1915

HOA Fees

  • $1,262 Monthly HOA Fees

Home Design

  • 2,147 Sq Ft Home
  • Pre War Building
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • 4 Units
  • 42 Lispenard Condos
  • Tribeca Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 194

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,024

Year Built

Built in 1915

Lot Details

0

HOA Fees

$1,262 per month

Listing Details

  • Cross Street: Church Street & Broadway
  • Exposures: North,South
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Architectural Style: Prewar, Loft
  • Entry Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 2147.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1262.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 93.0 x 29.0

Building Info

  • New Construction: No
  • Building Name: 42 Lispenard
  • Units: 4
  • Total Stories: 5
  • Year Built: 1915

Tax Info

  • Tax Block: 194
  • Tax Annual: 21024.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2019
Closed on
May 28, 2020
Sold by
Seo Nelson Moonhun
Bought by
Terra Andes Llc
Seller's Agent
Nastassja Balick Coppers
Compass
List Price
$4,500,000
Sold Price
$3,925,000
Premium/Discount to List
-$575,000
-12.78%
Current Estimated Value
$4,460,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,846
Avg. Annual Appreciation
2.39%

Purchase Details

Listed on
Aug 6, 2016
Closed on
Apr 13, 2017
Sold by
42 Lispenard Llc
Bought by
Seo Nelson Moonhun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,827,500
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Terra Andes Llc $3,925,000 --
Seo Nelson Moonhun $4,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seo Nelson Moonhun $2,827,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/29/2020 05/29/20 Sold $3,925,000 -12.8% $1,828 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
10/23/2019 10/23/19 For Sale $4,500,000 +3.4% $2,096 / Sq Ft
04/28/2017 04/28/17 Sold -- -- -- View Prior Sale
04/13/2017 04/13/17 Sold $4,350,000 0.0% $2,026 / Sq Ft View Prior Sale
03/14/2017 03/14/17 Pending -- -- --
02/08/2017 02/08/17 Pending -- -- --
08/06/2016 08/06/16 For Sale $4,350,000 -- $2,026 / Sq Ft
08/06/2016 08/06/16 For Sale -- -- --
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 $26,874 $221,829 $7,723 $214,106
2024 $26,874 $214,955 $25,607 $208,968
2023 $24,883 $199,032 $6,652 $192,380
2022 $22,607 $829,978 $25,620 $804,358
2021 $20,932 $664,024 $25,620 $638,404
2020 $10,411 $644,716 $25,620 $619,096
2019 $19,648 $537,303 $25,620 $511,683
2018 $19,630 $154,338 $8,831 $145,507
2017 $18,176 $142,906 $25,620 $117,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10622693

Real Estate Board of New York (REBNY)

APN: 0194-1804