56 Pine Street 56 Pine St Unit 11G New York, NY 10005
Financial District NeighborhoodEstimated Value: $532,000 - $621,823
--
Bed
1
Bath
775
Sq Ft
$1,525/mo
HOA Fee
Highlights
- North Facing Home
- 2-minute walk to Wall Street (2,3 Line)
- 3-minute walk to Queen Elizabeth II Garden
- P.S. 343 The Peck Slip School Rated A
About This Home
As of December 2023Price reduced to $550k for an immediate sale. Do not miss! #11G at 56 Pine Street is a lovely home of 775 total square feet with a separate kitchen and three extra large windows facing north. Big enough that this exact unit line has been converted to a superb Flex 2! See our proposed floorplan. Currently, the open layout is delineated by a handsome curved glass brick wall, allowing light to pass thru, while maintaining privacy and creating a proper separate sleeping quarters. Tastefully finished with a subway tile bath, central heating/AC, and solid oak hardwood floors throughout. The building is very special place to call home. Registered as a NYC Landmark, 56 Pine Street is widely known for its iconic terracotta and intricately carved stone facade. Inside, all the features you want in a full service condo; an attentive 24 hour staff, state of the art fitness center, movie screening room, resident lounge, all located in the event space, which can be reserved for parties and entertaining. Located in the heart of the Financial District, just across the street from the subway, Whole Foods just a block away, the Tin Building and the newly refreshed Seaport. Give this neighborhood another look if you haven't already! A great fit for investors and first time buyers! Please note: $446.94 special monthly assessment through December 31, 2023 for Local Law 11 facade work applies - This is paid by seller.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,292
Year Built
- Built in 1893
HOA Fees
- $1,525 Monthly HOA Fees
Home Design
- 775 Sq Ft Home
Additional Features
- 1 Full Bathroom
- North Facing Home
- No Cooling
Community Details
- 90 Units
- Cambridge Club, The Condos
- Financial District Subdivision
- 16-Story Property
Listing and Financial Details
- Legal Lot and Block 1262 / 00041
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 23, 2023
Closed on
Dec 18, 2023
Sold by
Melamed Jenayet
Bought by
Katsuyoshi Hirahara Arthur and Pettinella Sara
Seller's Agent
Eric Fleming
Corcoran Group
List Price
$580,000
Sold Price
$515,000
Premium/Discount to List
-$65,000
-11.21%
Total Days on Market
281
Views
155
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,206
Avg. Annual Appreciation
7.12%
Original Mortgage
$305,000
Outstanding Balance
$301,305
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$266,901
Purchase Details
Closed on
Jun 26, 2018
Sold by
Melamed Jenayet
Bought by
Banayan Bettina Behjat
Purchase Details
Closed on
Nov 22, 2005
Sold by
56 Pine Llc
Bought by
Melamed Jenayet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Katsuyoshi Hirahara Arthur | $515,000 | -- | |
| Banayan Bettina Behjat | -- | -- | |
| Melamed Jenayet | $485,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Katsuyoshi Hirahara Arthur | $305,000 | |
| Previous Owner | Melamed Jenayet | $359,650 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2023 12/18/23 | Sold | $515,000 | -6.4% | $665 / Sq Ft |
| 11/02/2023 11/02/23 | Pending | -- | -- | -- |
| 09/30/2023 09/30/23 | Price Changed | $550,000 | -5.2% | $710 / Sq Ft |
| 07/24/2023 07/24/23 | For Sale | $580,000 | 0.0% | $748 / Sq Ft |
| 07/23/2023 07/23/23 | Off Market | $580,000 | -- | -- |
| 05/18/2023 05/18/23 | Price Changed | $580,000 | -1.5% | $748 / Sq Ft |
| 02/08/2023 02/08/23 | Price Changed | $589,000 | -3.3% | $760 / Sq Ft |
| 01/24/2023 01/24/23 | For Sale | $609,000 | 0.0% | $786 / Sq Ft |
| 05/27/2021 05/27/21 | For Rent | $2,500 | -9.1% | -- |
| 05/27/2021 05/27/21 | Rented | -- | -- | -- |
| 03/15/2019 03/15/19 | Rented | -- | -- | -- |
| 02/13/2019 02/13/19 | Under Contract | -- | -- | -- |
| 01/29/2018 01/29/18 | For Rent | $2,750 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,943 | $95,529 | $11,271 | $84,258 |
| 2023 | $11,543 | $94,101 | $11,271 | $82,830 |
| 2022 | $11,260 | $92,031 | $11,271 | $80,760 |
| 2021 | $11,289 | $92,031 | $11,271 | $80,760 |
| 2020 | $11,035 | $101,909 | $11,271 | $90,638 |
| 2019 | $9,732 | $99,621 | $11,271 | $88,350 |
| 2018 | $10,290 | $96,147 | $11,271 | $84,876 |
| 2017 | $9,571 | $89,733 | $11,271 | $78,462 |
| 2016 | $8,862 | $75,395 | $11,271 | $64,124 |
| 2015 | $1,251 | $78,401 | $11,271 | $67,130 |
| 2014 | $1,251 | $71,585 | $11,271 | $60,314 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Fleming
Seller's Agent in 2023
Eric Fleming
Corcoran Group
(917) 769-7776
3 in this area
21 Total Sales
-
Christopher Kromer
Seller's Agent in 2021
Christopher Kromer
Brown Harris Stevens Residential Sales LLC
(212) 381-2249
1 in this area
71 Total Sales
-
Norhana Ariffin
Seller Co-Listing Agent in 2021
Norhana Ariffin
Brown Harris Stevens Residential Sales LLC
(212) 381-2249
1 in this area
69 Total Sales
-
Nicole Adamo
N
Seller's Agent in 2019
Nicole Adamo
Brown Harris Stevens Residential Sales LLC
(315) 317-3887
27 Total Sales
-
Melissa Murphy
Seller Co-Listing Agent in 2019
Melissa Murphy
Brown Harris Stevens Residential Sales LLC
(203) 309-9928
1 in this area
31 Total Sales
About 56 Pine Street
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10922573
APN: 0041-1262
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