NOT LISTED FOR SALE

42 Lispenard St Unit 5 New York, NY 10013

Tribeca Neighborhood

Estimated Value: $4,325,000 - $7,534,000

3 Beds
3.5 Baths
2,516 Sq Ft
$1,626/mo HOA Fee

Last Sold August 19, 2022

Last sale price $7,000,000 $2,782 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $35,972/month

82 Days on Market

Highlights

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

About This Home

As of August 2022

This stunning Tribeca penthouse features the ultimate combination of historic proportions, bespoke renovation and luxurious private outdoor space. With over 2,500 square feet of flexible living space flooded in natural light and a breathtaking roof deck, the layout perfectly caters to every want and need.

Arrive on the full-floor main level via private elevator entry to a spectacular great room with a 28-foot-tall glass ceiling and wide-plank oak floors. The exceptionally serene environment invites you to relax or entertain alongside dramatic floor-to-ceiling B&B Italia built-ins, a gas fireplace and oversized arched windows framing open-sky northern views. The open Poliform kitchen impresses with a massive Carrara marble island, sleek Miele appliances and an abundance of storage.

Head to the south-facing primary suite to enjoy an exceptional king-size layout and a boutique-inspired walk-in dressing room custom designed by Porro. Ahead, the en suite marble bathroom beckons with a sculptural soaking tub, frameless glass shower, floating double vanity and radiant heat floors. The second bedroom features its own custom closets and semi-private spa bathroom accessible from the hallway. The third bedroom features an operable skylight and is ideal for home office, nursery or guest use. Across the hall, a convenient powder room opens to a large laundry room with a full sized washer and vented dryer.

The mezzanine loft with an additional full bathroom provides direct access to the 1,541-square-foot rooftop oasis. Beautifully finished with elaborate landscaping, an irrigation system, an oversized pergola, outdoor lighting, summer kitchen with gas grill, storage and outdoor shower, this immaculate terrace welcomes luxurious outdoor enjoyment surrounded by open sights of the city.

Additional impressive features of this beautiful home include 3-Zone central HVAC system, smart-home Nest smoke detectors, custom-fitted coat and shoe closets and a separate oversized storage room.

Built in 1867, 42 Lispenard is a cast-iron Italianate/Second Empire store-and-loft building with wonderful intact elements, including a graceful colonnade entry and intact vault lights. Once the Craft Center location of the iconic art supply mecca, Pearl Paint, the building was converted to contemporary luxury homes in 2016. Residents of the boutique five-unit condominium enjoy virtual doorman service and storage.

From this peaceful location within the Tribeca East Historic District, you're surrounded by breathtaking architecture and immediate access to SoHo and Hudson Square. Enjoy world-class shopping, outstanding art galleries and premier dining while 500-acre Hudson River Park offers waterfront outdoor space and recreation, including Piers 25 and 26. Transportation from this centrally located neighborhood is a breeze thanks to J/Z, N/Q/R/W, 6, A/C/E and 1 trains, excellent bus service and CitiBikes all nearby.

Last Agent to Sell the Property

Lindsey Stokes

Compass License #10301212332 Listed on: 04/15/2022

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,456

Year Built

  • Built in 1867

Lot Details

  • 2,701

HOA Fees

  • $1,626 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 5th floor

Interior Spaces

  • 2,516 Sq Ft Home
  • City Views
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Community Details

  • Tribeca Subdivision
  • 6-Story Property

Listing and Financial Details

  • Legal Lot and Block 24 / 194

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,456

Year Built

Built in 1867

Lot Details

0

HOA Fees

$1,626 per month

Listing Details

  • Cross Street: Church Street/Broadway
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 2516.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1626.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 6
  • Year Built: 1867

Tax Info

  • Tax Block: 194
  • Tax Lot: 24
  • Tax Annual: 24456.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Aug 17, 2022
Sold by
Laminar Urchin Llc
Bought by
Korman Idith
Seller's Agent
Lindsey Stokes
Compass
List Price
$7,250,000
Sold Price
$7,000,000
Premium/Discount to List
-$250,000
-3.45%
Current Estimated Value
$6,060,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$939,478
Avg. Annual Appreciation
-4.40%

Purchase Details

Closed on
Nov 2, 2017
Sold by
42 Lispenard Llc
Bought by
Laminar Urchin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Korman Idith $7,000,000 --
Laminar Urchin Llc $6,366,812 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laminar Urchin Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2022 11/17/22 Off Market $7,000,000 -- --
08/19/2022 08/19/22 Sold $7,000,000 -3.4% $2,782 / Sq Ft
04/15/2022 04/15/22 For Sale $7,250,000 -- $2,882 / 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 $31,492 $259,951 $9,050 $250,901
2024 $31,492 $251,895 $30,007 $244,879
2023 $29,159 $233,236 $7,795 $225,441
2022 $26,492 $972,598 $30,022 $942,576
2021 $24,529 $778,127 $30,022 $748,105
2019 $23,218 $629,631 $30,022 $599,609
2018 $23,004 $180,860 $10,348 $170,512
2017 $21,300 $167,463 $30,022 $137,441
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10790642

Real Estate Board of New York (REBNY)

APN: 0194-1805