Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $499,000

· Closed October 30, 2025

56 Pine Street #12E
Closed For Sale Condo

$499,000

$643 per sq ft

56 Pine Street #12E

Financial District, Manhattan

MLS® #RLS20015316

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

776

Sq. Ft.

1893

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 776 sq ft
Year Built 1893
Ownership Condo
HOA/Common Charges $1,541/mo
Property Taxes $14,880/yr
Neighborhood Financial District
Floor 12 of 16

Property Highlights

  • Exposure: East,North,South facing
  • Climate Control: Central Air
  • Character: Pre-war building (1893)

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 12 of 16
Exposure East,North,South
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1893
Living Area 776 sq ft
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 0041-1267
Block/Lot 00041/1267

Listing History

Event Date Price Change
Listed Apr 9, 2025 $575,000 -
Price Reduced Jun 27, 2025 $549,500 -4.4%
Currently May 3, 2026 $499,000 -9.2%

Description

Corner One-Bedroom at The Historic Cambridge Club This spacious 776 square foot apartment, located in a historic pre-war full-service condominium, features hardwood floors, high ceilings, seven windows, generous closet space, and central air conditioning. The generous living area provides ample space for both living and dining. The chef's kitchen is fully equipped with modern appliances, custom cabinetry, and black granite countertops. The bedroom comfortably accommodates a king, and the stylish bathroom boasts contemporary finishes and a soaking tub. 56 Pine Street, the historic Cambridge Club, built in 1893, is a beautiful landmark building. The building is pet-friendly and boasts numerous amenities, including a recently renovated lobby, a fitness center, a library, lounge, game room, wet bar, and laundry facilities on each floor. Located in the heart of the Financial District, residents enjoy immediate access to world-class dining and attractions, including Crown Shy, Manhatta, The Fulton, The Tin Building, Printemps, Brookfield Place, Pier 17, and the Seaport District. The building has excellent access to public transportation, conveniently located near major transit lines such as the 1/2/3, J/Z, R/W, and 4/5 trains, as well as bus and Citi Bike service. There is currently an assessment of $277 per month, which ends on 12/31/2025. Primary residents qualify for STAR, which reduces monthly real estate taxes to $1,023.63. Buyer to pay Working Capital Contribution Equal to three (3) months common charges.

Features & Amenities

Interior Features

High Ceilings Building Multiple Locations Common On Floor Common Area Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher Electric Cooktop Electric Oven

Building Information

Building Data View Compliance & Permits
Total Units 90
Stories 16
Structure MixedUse

Financial Details

Common Charges $1,541/mo
RE Taxes $14,880/yr ($1,240/mo)
Original Price $575,000
Sale Price $499,000
Previous Price $549,500

The Financial District occupies the southern tip of Manhattan, where landmark office towers have been converted into spacious residential lofts alongside new luxury high-rise condominiums with river and harbor views. The Oculus and Fulton Center transit hubs connect over a dozen subway lines, including the 2, 3, 4, 5, A, C, J, and Z trains, making it one of the best-connected neighborhoods in the city. Battery Park, Bowling Green, and the 9/11 Memorial provide open green space and waterfront access at the foot of the skyline.

Financial District Live Market Data

View Neighborhood

Active Listings

250

Median Asking Price

$1.29M

Median $/Sqft

$1,250

Avg Days on Market

N/A

New This Week

9

Price Reduced

30%

Sold (30 Days)

20

Median Sale Price

$1.49M

Live data from RLS at REBNY • Updated 5/3/26, 7:39 AM EST

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Location

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56 Pine Street #12E, Financial District, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1894
Year Built
132 years old
16
Floors
90
Residential Units
C5-5
Zoning District
Condominiums NYC Landmark

Tax & Assessment

Assessed Value: $11,482,193
Land Value: $1,354,484
Exemptions: $998,735

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 6,488 SF
Building Area: 66,470 SF
Built FAR: 10.25
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,541 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $14,880, or roughly $1,240 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 776 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1893, making it approximately 133 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $499,000 for 776 sq ft, the asking price per square foot is approximately $643. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20015316
First Listed: 4/9/2025
On Market: 4/9/2025
Price Changed: 6/27/2025
Closed: 10/30/2025
Contract Date: 2/18/2025

Listing Courtesy of Compass - Nicholas DeLotell

Listing Contact: (415) 535-2734

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/3/2026 at 11:39 AM UTC

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