$690,000
SOLD OCT 10, 2013
-- Bed
1 Bath
775 Sq Ft
$914/mo HOA Fee

Recently Sold

$890 Per Sq Ft

172 Days on Market

Highlights

  • Central Air
  • 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
  • Laundry Facilities

About This Home

As of October 2013

PRICED TO SELL - BEST DEAL in FiDi! HUGE 775sf CONDO GEM - only $901/SF! SPACIOUS LOFT-type home in classic PRE-WAR landmark - luxury meets history with style and chic. Elevator, concierge, amenities! TOP LOCATION by Wall Street in the heart of FiDi, where you have it all! This unique place has flexible open layout with LARGE living room and separate sleep area, HUGE triple windows, and over 9? HIGH ceilings that all create a sense of SPACE and airy ambiance for comfortable living. The glass-brick wall and light pine-wood floors add modern character to this sleek residence. The stylish kitchen features custom cabinets and granite countertops, electric cooktop range and microwave, dishwasher and fridge to meet your culinary needs. Two large closets, elegant tiled bathroom, central heat/AC, and laundry right down the hall complete this fine home on the 8th floor of the former Cambridge Club. This boutique PRE-WAR landmark is pet-friendly and features a stylish lobby, 24hr doorman/concierge, laundry on each floor, and live-in super. Abundant amenities include a full CLUB FLOOR on ?TWO? with business center/library, entertainment lounge, WiFi, media room, event space with wet bar, fitness center, bike room, and game room with billiards table for 56 Pine residents and their guests. All this just steps to WALL STREET and all major 2/3, 4/5, A/C, N/R subway lines for convenient connections to anywhere in Manhattan! Only minutes to STONE STREET and SOUTH STREET SEAPORT, ferry service, trendy restaurants, and prime shopping. GREAT OPPORTUNITY for primary HOME or INVESTMENT property: BEST PRICE per SF in FiDi, 421-a & 421-g TAX ABATEMENTS, and highly attractive on the rental market! Great time to invest in downtown real estate, as the area is booming with rising values, new investments, and re-development of the World Trade Center, Fulton Street, and beyond.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1893

HOA Fees

  • $914 Monthly HOA Fees

Home Design

  • 775 Sq Ft Home
  • Entry on the 8th floor

Additional Features

  • 1 Bathroom
  • Central Air

Listing and Financial Details

  • Tax Block 41

Community Details

Overview

  • Financial District Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,740

Year Built

Built in 1893

Lot Details

0

HOA Fees

$914 per month

Listing Details

  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Financial District
  • Architectural Style: Loft
  • Entry Level: 8
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 775.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Bathrooms Integer: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 914.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Year Built: 1893

Tax Info

  • Tax Block: 41
  • Tax Annual: 1740.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2013
Closed on
Oct 10, 2013
Sold by
Milev Vesselin and Mileva Margarita
Bought by
Eugenia M Vecchio Trustee and Kensico Properties
List Price
$690,000
Sold Price
$690,000
Current Estimated Value
$571,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,456
Avg. Annual Appreciation
-1.56%

Purchase Details

Closed on
Oct 14, 2005
Sold by
56 Pine Llc
Bought by
Milev Vesselin and Mileva Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.79%
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 Type Sale Price Title Company
Deed $690,000 --
Deed $505,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $404,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2020 04/08/20 Rented -- -- --
03/09/2020 03/09/20 Under Contract -- -- --
02/11/2020 02/11/20 For Rent $3,100 +5.1% --
04/05/2018 04/05/18 Rented -- -- --
03/06/2018 03/06/18 Under Contract -- -- --
02/07/2018 02/07/18 For Rent $2,950 0.0% --
10/10/2013 10/10/13 Sold $690,000 0.0% $890 / Sq Ft
09/10/2013 09/10/13 Pending -- -- --
03/22/2013 03/22/13 For Sale $690,000 -- $890 / 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 $12,436 $100,912 $11,736 $89,176
2024 $12,436 $99,470 $11,736 $87,734
2023 $12,020 $97,983 $11,736 $86,247
2022 $11,724 $95,827 $11,736 $84,091
2021 $11,755 $95,827 $11,736 $84,091
2020 $11,578 $106,113 $11,736 $94,377
2019 $10,133 $103,732 $11,736 $91,996
2016 $9,227 $78,505 $11,736 $66,769
2015 $1,302 $81,635 $11,736 $69,899
2014 $1,302 $74,538 $11,737 $62,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10002414

Real Estate Board of New York (REBNY)

APN: 0041-1241