Tribeca | NYC Co-op Apartment Sales
NY coops and cooperative apartment sales: prices, buyers, sellers, details, and deals
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Category — Tribeca

Sculptor Sells 9 White Street Tribeca Loft for $3.6M

A New York City artist sold his duplex penthouse loft at 9 White Street in Tribeca, but only after a whopping 40% reduction from his original $5.95M list price when he first put the co-op on the market in April 2006.

Sculptor Bryant Hunt just sold his penthouse duplex loft at 9 White Street in Tribeca for $3,615,000.

That’s a nice chunk of change in today’s market, but it was not even close to the nearly $6M champagne and caviar price he tried to get nearly four (4) years earlier.

Here’s another way to look at the deal: for every month that Hunt’s duplex co-op loft remained on the market, the price effectively dropped another $48,645 until he sold it.

The buyers are award-winning film director David Schisgall and Vanity Fair contributing editor Evgenia Peretz.

Located in the heart of Tribeca, the 3,500 sq. ft. 3 bedroom, 2 bath co-op offers an enormous sun-filled space on two floors.

The master bedroom is up the steps on the top floor, surrounded by the roofdeck with a view looking North of the AT&T Long Distance Building built in 1932.

The broker who closed the deal for Hunt is Brown Harris Stevens VP and Director Jenny Park Adam, an art collector in her own right. She replaced Elliman brokers Jan Hashey and Steve Halprin.

According to public records, neighbors in the co-op include:

  • Psychiatrist William D. Sobel
  • General practice physician and artist Thomas Kovachevich.
  • Sweden Unlimited, an interactive design firm whose clients span the fashion, art, entertainment, and hospitality industries.

Photo credits: Brown Harris Stevens

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March 5, 2010   No Comments

1800 sq.ft. Tribeca Loft at 45 Lispenard Sells for $1.98 Million

A co-op loft at 45 Lispenard Street in Tribeca just sold for $1,998,500, slightly more than $100,000 below the $2.1 million list price.

The 2 bedroom 2½ bathroom downtown loft has 1800 sq.ft., and monthly maintenance charges of $1,650.
45 Lispenard, Apt. 5E, New York, NY 10013 - Tribeca neighborhood in Manhattan
The buyers are Jean Jacques Cesbron and his wife Rosaria Di Maggio-Cesbron. Jean Jacques is well known as President of Columbia Artists Music, the classical music talent agency of Columbia Artists.
45 Lispenard, Apt. 5E :: Living Room in Manhattan’s Tribecase
Cesbron’s clients include The American Ballet Theatre, The National Philharmonic of Russia, Ballet Folklórico de México, pianist Lang Lang, conductors Markus Huber and John Mauceri, and violist David Aaron Carpenter.

The sellers were Eugene Park and Jeehyun Kim.

Stribling brokers Sean Turner and Michelle Della Peruta had the exclusive for this listing.

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May 23, 2008   No Comments

Raw Space in Tribeca Condop Loft Sells for $1.9M

125 Watts a/k/a 465 Watts in Tribeca, NYCAn 1,840 sq.ft. Tribeca condop loft at 125 Watts / 465 Greenwich just sold for $1,900,000. The co-op was sold as raw space, marketed as being a “Great Project…with great bones.” It has windows facing West with fabulous views of the Hudson River, and access is via a private keyed elevator. The elongated layout indicates a potential for building 2-3 bedrooms and 2 baths.

According to broker Sandy Mattingly, when it first came on the market, the apartment was listed for $1,795,000 in a FSBO situation. Owners Kate Gandall and Gerald Danish then opted (wisely) to use a broker to market their unit. Prudential Douglas Elliman’s Patty LaRocco and Beth Bongar had the listing, bumping up the price to $1,835,000.

Looks like they worked hard for the commission since the co-op ultimately sold for $65k “over ask.” That suggests there may have been a bidding war for the space.

The buyers are Matthew Goldberg and Rain Kramer, daughter of the late avant-garde director and political filmmaker Robert Kramer.

Monthly maintenance charges are $1,975. The building, like almost all Tribeca co-ops, is pet friendly.

What is a Condop?
You’re probably asking yourself what the heck is this condop thing? It’s actually a co-op apartment building that uses condo rules and bylaws for apartment owners instead of cooperative regulations that restrict things like subletting.

Commercial stores on the ground floor are condominiums, while the apartments above it are co-ops.

Building History, Neighbors, and Stores
Until the end of January shareholders in the building were able to make a quick stop for cupcake, pie, or cake at local piemaker Umanoff & Parsons that located in the building’s ground floor commercial space on Greenwich Street. Alas, they must wait while the bakers build new facilities in East Harlem.

According to New York City public records, Jane Umanoff and Allen Parsons sold their loft above the bakery at 467 Greenwich in January 2006 for $1.3 million. Talk about having your cake!

New neighbors include acclaimed portrait photographer Michelle Asselin and Joseph Meltzer who paid $1,825,000 at the end of February 2008 for a loft on a high floor at 465 Greenwich. They bought their loft from funky installation artist Maria Reidelbach. In her Gnome on the Range” project, Reidelbach created ‘Gnome Chomsky,’ recognized by Guinness World Records as the world’s tallest garden gnome at 13′ 6″!

Nearby establishments also include Bazzini’s, the famed nut purveyor and noshery. Yaffa’s Tea Room is also a block away. Her Mediterranean fare is not only outstanding, it’s served straight from the heart: Yaffa’s became the unofficial refueling station for rescue personnel working 24/7 after September 11th.

Floorplan credit: Prudential Douglas Elliman

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April 3, 2008   No Comments