Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $515,000

· Closed December 18, 2023

Closed For Sale Condo

$515,000

$665 per sq ft

56 PINE Street #11G

Financial District, Manhattan

CAMBRIDGE CLUB, THE

MLS® #RLS10922573

RLS at REBNY

Listing by Corcoran Group

Studio

1

Bath

775

Sq. Ft.

1893

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 775 sq ft
Year Built 1893
Ownership Condo
HOA/Common Charges $1,525/mo
Property Taxes $11,292/yr
Neighborhood Financial District
Floor 11 of 16

Property Highlights

  • Exposure: North facing
  • Style: Loft architecture
  • Character: Pre-war building (1893)

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 11 of 16
Exposure North
Pets Yes
Year Built 1893
Living Area 775 sq ft
Architectural Style Loft
Basement Other
Parcel # 0041-1262
Block/Lot 00041/1262

Listing History

Event Date Price Change
Listed Jan 23, 2023 $609,000 -
Price Reduced Dec 18, 2023 $550,000 -9.7%
Currently May 6, 2026 $515,000 -6.4%

Description

Price 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.

Features & Amenities

Interior Features

Smoke Free Building Washer Dryer Install Allowed Common On Floor

Building Amenities

Green Building

Building Information

Financial Details

Common Charges $1,525/mo
RE Taxes $11,292/yr ($941/mo)
Original Price $609,000
Sale Price $515,000
Previous Price $550,000

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

255

Median Asking Price

$1.30M

Median $/Sqft

$1,255

Avg Days on Market

N/A

New This Week

7

Price Reduced

29%

Sold (30 Days)

21

Median Sale Price

$1.49M

Live data from RLS at REBNY • Updated 5/5/26, 11:41 PM EST

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Location

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56 PINE Street #11G, Financial District, New York County

Virtual Tour

Floor Plans

Floor Plan 1
Floor Plan 2

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 $1,525 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $11,292, or roughly $941 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 775 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: Dogs and Cats Permitted,Building Pets Allowed Comments:Dogs and Cats Permitted. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $515,000 for 775 sq ft, the asking price per square foot is approximately $665. 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: RLS10922573
First Listed: 1/24/2023
On Market: 1/23/2023
Price Changed: 12/18/2023
Closed: 12/18/2023
Contract Date: 1/24/2023

Listing Courtesy of Corcoran Group - ERIC FLEMING

Listing Contact: (917) 769-7776

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 5/6/2026 at 3:41 AM UTC

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