NOT LISTED FOR SALE

Estimated Value: $5,546,000 - $7,734,000

5 Beds
3 Baths
4,017 Sq Ft
$1,500/mo HOA Fee

Last Sold December 09, 2015

Last sale price $7,612,500 $1,895 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $40,418/month

333 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to Franklin Street
  • Intercom
  • P.S. 397 Spruce Street School Rated A
  • Den
  • 3-minute walk to Tribeca Park

About This Home

As of December 2015

Stretch your legs in this sprawling 4000SF classic TriBeCa loft. Originally built in 1880 as a commercial sewing factory, this building features a 50-foot south facing frontage adorned with custom milled, energy efficient windows. Constructed with original wood infrastructure and brick walls, the building boasts temperature retention and sound attenuation. Upon conversion, the loft was restored maintaining as much of the original details possible. Original wood beams were sandblasted, back-filled with resin, and coated with varnish to provide a finished look. Also on display, an original steel wheel from the old freight elevator remains hung on the exposed brick wall. The home also features a fully integrated A/V system with speakers in every room.

This 50-foot wide loft is also finished with custom-milled 10" wide hickory flooring which was hand sourced from North Carolina specially selected for its resemblance to original flooring, hard composition, and durability to temperature and light. Each window, custom built, weighs in at 450-pounds and is constructed of solid Mahogany along with energy efficient, double pane glass. With ceiling heights of 11-feet, the home has a loft feeling perfect for displaying artwork.

Move down the central corridor of the apartment and step into the Chefs kitchen. Every detail has been hand sourced and selected from different parts of the world and features the highest grade of appliances. Features include, imported Italian Blue Pearl Granite counter tops, custom milled exotic Liptus wood cabinets, Wolff range along with Miele appliances, and a custom made Zinc hood made by Bastille Metal Works.

Off the centrally located family room are 5 generously proportioned bedrooms, each outfitted with a custom closet. The master suite includes a king size bedroom, tremendous walk in closet, dressing area, and master bathroom adorned with Limestone floors, custom vanity, and luxurious rain shower.

With spacious size, luxurious appointments, sprawling south facing frontage, and windows on three sides, this home is perfect for anyone looking for a classic Tribeca Loft. Inquire now for more information or to schedule a private viewing.

Co-Listed By

Cash Bernard

Platinum Properties License #10401221310

Platinum Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,004

Year Built

  • Built in 1880

HOA Fees

  • $1,500 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 4th floor

Interior Spaces

  • 4,017 Sq Ft Home
  • Entrance Foyer
  • Den
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • Tribeca Subdivision
  • 6-Story Property

Listing and Financial Details

  • Legal Lot and Block 8 / 175

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,004

Year Built

Built in 1880

Lot Details

0

HOA Fees

$1,500 per month

Listing Details

  • Cross Street: Broadway/Church Street
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Architectural Style: Prewar
  • Entry Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Dining Area, Den, Entrance Foyer
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 4017.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 4
  • Bedrooms: 5

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: 1500.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 6
  • Year Built: 1880

Tax Info

  • Tax Block: 175
  • Tax Lot: 8
  • Tax Annual: 26004.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2014
Closed on
Dec 9, 2015
Sold by
Iacovacci Jennifer and Iacovacci Paul
Bought by
Berley Alexander
List Price
$7,612,500
Sold Price
$7,612,500
Current Estimated Value
$6,573,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,038,895
Avg. Annual Appreciation
-1.48%
Original Mortgage
$5,000,000
Outstanding Balance
$3,969,898
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,603,707

Purchase Details

Closed on
Dec 21, 2012
Sold by
88 Franklin Street Group Llc
Bought by
Iacovacci Jennifer and Iacovacci Paul
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
Berley Alexander $7,612,500 --
Iacovacci Jennifer $3,571,197 --
Iacovacci Jennifer $3,571,197 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berley Alexander $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2015 12/09/15 Sold $7,612,500 0.0% $1,895 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
09/08/2014 09/08/14 For Sale $7,612,500 -- $1,895 / 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 $48,791 $421,485 $22,441 $399,044
2024 $48,791 $390,264 $65,693 $368,731
2023 $44,328 $361,357 $23,925 $337,432
2022 $36,383 $1,074,802 $65,693 $1,009,109
2021 $42,954 $859,808 $65,693 $794,115
2020 $33,020 $834,790 $65,693 $769,097
2019 $30,990 $695,694 $65,693 $630,001
2018 $35,355 $277,967 $31,497 $246,470
2017 $35,355 $277,967 $35,717 $242,250
2016 $34,725 $269,352 $37,979 $231,373
2015 -- $249,400 $35,371 $214,029
2014 -- $230,926 $26,753 $204,173
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10473841

Real Estate Board of New York (REBNY)

APN: 0175-1404