56 Pine Street Financial District

56 Pine Street is a condominium building located in the Financial District in Manhattan. 56 Pine Street is a pre-war full time doorman condominium building.

Pine Street is located one block North of Wall Street, giving 56 Pine Street a very central Financial District location. The building was originally built in 1894 and converted into condominium in 2005. The building itself has a very distinctive pre-war facade with ornamental and architectural characteristics.

56 Pine Street in 2005 was one of the first condo-conversions that took place in the Financial District. Like most condo-conversions in the Financial District the building was office space, then turned into residential condominiums. The building has a full time doorman, and an amenity rich second floor common area. The amenities include a 24/7 fitness room, game room, media room, billiards and conference room. All of these amenities are located on the 2nd floor and accessible to all the residents in the building.

Laundry facilities are located throughout the building which is a very nice feature. The apartments themselves have many of the features characteristic of the pre-war history of the building. The condominium residences at 56 Pine Street have tall ceilings, hardwood flooring, spacious layouts, were completely renovated and outfitted with modern cabinets and appliances in 2005. The building is made up of about 90 apartments and is 16 stories tall.

Pricing of apartments at 56 Pine Street I would categorize as somewhat on the entry level for Financial District condominiums. Many of the more recent condominium conversions in the Financial District are very much more expensive than what you may find at 56 Pine Street.

Studio’s for Sale at 56 Pine Street are priced in a range of $429,000-$548,000. In 2011 One Studio has sold at the price of $380,000.
One Bedrooms for sale at 56 Pine Street are priced in a range of $650,000. In 2011 Three One Bedrooms have sold in the range of $505,000-$545,000
Two Bedrooms for sale at 56 Pine Street are usually priced in the range of $875,000-$1,000,000. Currently there are no Two Bedrooms available and none have sold in 2011.
Pricing apartments at 56 Pine Street is dependent on a number of factors as there are multiple layout configurations and exposures. To determine the fair market value of a condominium for sale at 56 Pine Street you need to understand what size, exposure and floor the apartment is on and what has sold recently.