NOT LISTED FOR SALE

Estimated Value: $505,000 - $751,000

1 Bed
1 Bath
-- Sq Ft
1893 Built

Sale Details

Date Sold: December 29, 2023

Last sale price $490,000 $0 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,686 / mo

46 Days on Market

Highlights

  • Concierge
  • 2-minute walk to Wall Street (2,3 Line)
  • Green Building
  • P.S. 343 The Peck Slip School Rated A
  • City View
  • 3-minute walk to Queen Elizabeth II Garden

About This Home

As of December 2023

Introducing 56 Pine Street, #9F, The Cambridge Club. The Financial District's Best Priced 1 Bedroom!! You'll Want To See This!!

For the first time since the building turned condo in 2005 is an opportunity to purchase apartment #9F. It has soaring 9 ft ceilings, a wall of closets. 5 large windows with showers of light and exposure. This sun-kissed gem is a corner unit, both quiet and sunny. Upgrades include a brand-new GE stainless steel refrigerator in the kitchen and a beautiful, brand-new vanity in the bathroom. It has polished, hardwood floors. There's a dishwasher, ample cabinet space. The bedroom is enormous with plenty of size for a Queen, a nightstand and an office nook. It's move-in ready!

Relax with a spacious living/dining area to watch your favorite streaming shows after a long day's work.

There's a full-time doorman, laundry room on every floor, a billiard room, multiple lounges, a gym with floor to ceiling windows and a nice view, a bar and a movie screening room. Located across the street from the express 2/3 train, by Pace University, just a few blocks from the NY Stock Exchange, Cipriani Wall Street, The Wall Street Grille, Chef Jean Georges' new Tin building, Pier 17 concert space, Industry City restaurant. I'm sure you've heard of the new half a billion dollars Perelman Performing Arts center that just opened nearby.

Once the tallest office building in Manhattan, the building formerly known as "The Wallace" was named after developer James Wallace in the 19th century, designed by Oscar Wirz in the Romanesque Revival. The facade has a mixture of brick, stone, terra cotta. This landmarked building is also part of the Wall Street Historic District

There is an assessment of $409.31/month in effect until December 31st, 2023.

At only $830/sq foot at current asking price, 56 Pine #9F offers one of the best investment opportunities in NYC today, and in a neighborhood that is continuing to thrive. Contact me asap to schedule a tour before it's too late! We may never see this price for a 1 bedroom in the Financial District ever again.

Last Agent to Sell the Property

Michael Chadwick

Corcoran Group License #40CH1166347 Listed on: 09/28/2023

Corcoran Group

Last Buyer's Agent

Michael Chadwick

Corcoran Group License #40CH1166347 Listed on: 09/28/2023

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,736

Year Built

  • Built in 1893

HOA Fees

  • $1,396 Monthly HOA Fees

Home Design

  • Entry on the 9th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Washer Dryer Allowed
  • Washer and Dryer Hookup

Eco-Friendly Details

  • Green Building
  • Smoke Free Home

Additional Features

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 1247 / 00041

Community Details

Overview

  • 90 Units
  • Cambridge Club, The Condos
  • Financial District Subdivision
  • 16-Story Property

Amenities

  • Concierge
  • Game Room
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,736

Year Built

Built in 1893

HOA Fees

$1,396 per month

Listing Details

  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Financial District
  • Architectural Style: Loft
  • Entry Level: 9
  • Pets No Pets Comments: Dogs and Cats Permitted,Building Pets Allowed Comments:Dogs and Cats Permitted
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 16

Interior Features

  • Interior Features: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor
  • Green Building Features: Concierge, Game Room, Green Building, Kitchen Facilities
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1396.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: CAMBRIDGE CLUB, THE
  • Units: 90
  • Total Stories: 16
  • Year Built: 1893

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00041
  • Tax Lot: 1247
  • Tax Annual: 11736.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Dec 29, 2023
Sold by
Quealy Eileen and Quealy Thomas
Bought by
Freytor Irina and Freytor Leonard Arie
Seller's Agent
Michael Chadwick
Corcoran Group
Buyer's Agent
Michael Chadwick
Corcoran Group
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Views
105
Current Estimated Value
$599,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,391
Avg. Annual Appreciation
8.84%
Original Mortgage
$18,744
Outstanding Balance
$18,281
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$581,110

Purchase Details

Closed on
Nov 16, 2005
Sold by
56 Pine Llc
Bought by
Quealy Eileen and Quealy Thomas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Freytor Irina $490,000 --
Quealy Eileen $525,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Freytor Irina $18,744
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2024 01/02/24 Price Changed $490,000 0.0% --
12/29/2023 12/29/23 Sold $490,000 -1.8% --
11/14/2023 11/14/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $499,000 -- --
Source: Real Estate Board of New York (REBNY)

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
2026 $13,114 $108,069 $12,201 $95,868
2025 $12,142 $104,911 $12,201 $92,710
2024 $12,142 $103,410 $12,201 $91,209
2023 $11,849 $101,865 $12,201 $89,664
2022 $9,522 $99,624 $12,201 $87,423
2021 $11,509 $99,624 $12,201 $87,423
2020 $11,390 $110,317 $12,201 $98,116
2019 $9,888 $107,841 $12,201 $95,640
2018 $10,492 $104,081 $12,202 $91,879
2017 $10,361 $97,137 $12,201 $84,936
2016 $9,593 $81,616 $12,202 $69,414
2015 $1,354 $84,870 $12,202 $72,668
2014 $1,354 $77,491 $12,201 $65,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10924830

Real Estate Board of New York (REBNY)

APN: 0041-1247

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