114 Liberty Street
114 Liberty Street, New York, NY 10006
Financial District
BBL 1000527502 · BIN 1001041
- Year built
- 1913
- Type
- Condominium
- Units
- 12
- Floors
- 11
- Landmark
- No
Every recorded sale at this building, 2005–2022
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,135
- Listing discount
- 4.4%
- Recorded sales
- 11
- On record
- 2005–2022
Twelve residences in an eleven-story 1913 loft building, most of them full floors, standing directly across Liberty Street from the World Trade Center site. That address is the building's history, its risk record and its present value all at once.
The conversion was a small, private one. Liberty, LLC filed an offering plan on April 2, 1998 for a condominium of four commercial units and eight residential units, two of which were never offered for sale. A temporary certificate of occupancy for the building — the third and eleventh floors excepted — issued on October 19, 1998, and the first closings adjusted four days later. It was a 421-g conversion: the plan says so in terms, and Schedule A prices every unit twice, once with the benefit and once without, from a July 1, 1999 commencement.
Then September 11, 2001. The Fourth Amendment to the offering plan, dated June 2, 2004, records the consequence in the sponsor's own words — that because of its location directly across the street from the plaza of the former World Trade Center, the building was significantly impacted by the events of that day, with building-wide damage. The Department of Buildings file from 2004 reads the same way: a run of alteration applications that spring, one of them expressly for the renovation of an existing Class A apartment damaged on 9/11/01, alongside partition, plumbing, boiler, sprinkler, standpipe, smoke-control and fire-suppression work across the building. In 2009 the building took in temporary construction field offices during the World Trade Center rebuild. The block came back; so did the building.
The unit count arrived where it is by amendment rather than by plan. Commercial Unit 3 was split in March 1999 to create Residential Unit 3A. Commercial Unit 2 was split in June 2004 into Units 2A and 2B, with 2A offered raw and as-is to existing residential owners and an express right to change its use from commercial to residential. The alteration filed that same month changed the use to two dwelling units each on the second and third floors. Twelve residential unit lots and two commercial ones is where that process stopped, and it is where the tax roll, ACRIS and PLUTO all agree today.
Two structural facts should shape any offer here. The first is that the offering plan made no provision for a reserve fund — the sponsor's stated reason was that the building had been substantially improved. Every dollar of reserve this condominium has was accumulated by the board out of operations after 1998, across a building that then absorbed 9/11 damage and two decades of façade and roof work. The second is the certificate of occupancy. The 2004 alteration that established the twelve-unit configuration has never been signed off, and the Department of Buildings record shows twenty-nine temporary certificates issued under it between 2012 and November 2020 with no final certificate behind them. Neither fact is disqualifying. Both belong in diligence rather than in a surprise at contract.
Architecture and unit composition
The building is a 1913 eleven-story commercial loft on a 45-foot Liberty Street frontage running through to Cedar Street, with a masonry façade and a cornice line that has been rebuilt at least once — a 2002 alteration replaced the existing metal cornice with a cast fiberglass one and reconstructed masonry at spandrel and pilaster level. Published historical records describe the building's early use as a lighting manufacturer's loft. The original architect is not identified in the city records reviewed, and no attribution is offered here.
Nine of the twelve residences are full floors, and the Department of Finance carries five of them at roughly 5,360 square feet — genuinely large plates by Financial District standards, with light on both the Liberty and Cedar elevations and no shared corridor. Listing records describe ceilings of approximately twelve feet under a vaulted structure. The three smaller residences, at roughly 2,300 to 2,470 square feet, are the ones created out of the former commercial units on the second, third and upper floors by the 1999 and 2004 amendments; they are laid out differently and they are worth walking against a full floor before choosing between them.
The Liberty Street elevation looks directly onto the World Trade Center site and the memorial plaza. The Cedar Street side is the quieter one, with a storefront that was restored under a 2012 alteration.
Building operations
The building runs as a small full-service condominium with an attended lobby. It is not amenity-heavy; the value here is floor plate, ceiling height, light and the outlook.
The capital record is legible from the Department of Buildings file. Façade cleaning and cornice reconstruction in 2002. The 9/11-related restoration and life-safety work in 2004, including four new boilers and a new four-inch gas service, a smoke-control panel, sprinkler and standpipe modifications, and a fire suppression system. Façade repairs and a Cedar Street storefront restoration in 2012, with sidewalk shed and pipe scaffold. A further sidewalk shed in 2021, and a miscellaneous façade, terrace and roof restoration filed in November 2022 that ran with hoist and supported scaffold into 2023 and a façade restoration and inspection filing in January 2024. Rooftop telecommunications equipment has been installed and decommissioned by successive carriers, which is a modest income line for the building.
That is close to continuous exterior work across a decade, on a condominium whose offering plan funded no reserve at conversion. The right questions are direct: what is the current reserve balance, what did the 2022–2024 façade and roof restoration cost, was it funded from reserves or by assessment, is any assessment live now, and what does the most recent Local Law 11 filing say. Audited financial statements for the 2014-2015 and 2015-2016 years are held in The Roebling Research Library and are reviewed with clients during diligence.
Policy framework
Ownership form: Condominium. Sale and lease are subject to a board right of first refusal rather than a cooperative approval, and closings run on condominium timelines.
Pets, pied-à-terre, LLC, trust and foreign ownership: Permitted under the condominium framework. The ownership record shows sustained LLC and trust ownership across the residential unit lots. The specific current house rules should be obtained from the managing agent — the house-rules document filed under this building's name in the document archive is a cooperative form belonging to another property and is not relied on here.
Subletting: Permitted, subject to the right of first refusal. Confirm the minimum lease term.
Commercial units: Two commercial unit lots (1101 and 1102) remain in sponsor-affiliated ownership, transferred within that group in April 2017. Under the amendments on file, the commercial owner may subdivide, alter, sell, lease or mortgage those units, and in the case of the second-floor units change their use from commercial to residential, without the consent of the board of managers or the residential unit owners. That is a broad reserved right and it should be read in full.
Flip tax: Not documented in the offering plan on file.
Real estate taxes: 421-g exemption and abatement, fully expired. No residential unit lot shows meaningful exempt value in FY2026 or FY2027. Underwrite full unabated taxes on the specific unit and run True Monthly Carrying Cost analysis against the current bill rather than against any projected schedule.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $17,625/yr
- Per unit / month range
- $0 – $122
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
The sponsor deeded units to separate, unrelated purchasers from May 1998 onward, with the last two sponsor units transferring in December 2009. Every residential unit lot in the building has traded to an independent owner or that owner's trust or holding entity; the two commercial lots have never been offered to the public. This is a genuine for-sale condominium, not a rental wrapper.
Resale volume is what a twelve-unit building produces: a small handful of transfers a year at most, with several units still in the hands of purchasers who bought from the sponsor. Because the floor plates are so large, pricing here is driven by absolute size and by outlook over the World Trade Center site rather than by any building average, and the comparable set is the small group of large-plate loft conversions in Lower Manhattan rather than the Financial District's tower condominiums. The expired 421-g benefit is the single largest gap between a headline price and a true monthly number. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 3, 2022 | 2A | 2 BR · 2 BA · 2,467 sf | $2,800,000 | $1,135/sf | -3.4% |
| Dec 22, 2021 | 5 | 5 BR · 5 BA · 5,500 sf | $4,900,000 | $891/sf | -10.9% |
| Apr 2, 2021 | PH | 5 BR · 4.5 BA · 7,175 sf | $5,750,000 | $801/sf | +4.5% |
| Jun 15, 2018 | 8 | 5 BR · 5,500 sf | $6,200,000 | $1,127/sf | -17.3% |
| May 31, 2018 | 9 | 5 BR · 5,500 sf | $7,650,000 | $1,391/sf | -4.4% |
| Aug 28, 2017 | 10 | 5 BR · 5,800 sf | $7,300,000 | $1,259/sf | -8.8% |
| May 30, 2007 | 4 | 4 BR · 5,400 sf | $4,900,000 | $907/sf | -1.0% |
| Jan 20, 2006 | 9 | 5 BR · 5,359 sf | $4,335,000 | $809/sf | off-mkt |
Market read. Most recent trades (2022) cleared a median $1,135/sf across 1 sale. Median listing discount 4.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00052-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
The 421-g is gone. Underwrite the full bill. The offering plan advertises it, older marketing copy sometimes still repeats it, and the FY2026 and FY2027 assessment rolls show zero exempt value on every residential unit lot. This is the most common underwriting error at this address.
Ask for the certificate of occupancy in writing. Twenty-nine temporary certificates and no final one, on an application that remains open at the Department of Buildings. Establish current status before contract; lenders and title companies will.
There was no reserve funded at conversion. The plan says so. Get the current reserve balance and the last three years of financial statements, and set them against a decade of façade, roof and terrace work.
Read the commercial owner's reserved rights. The amendments give the commercial unit owner wide latitude to subdivide, sell, lease and — on the second floor — convert to residential use without board or residential-owner consent.
Full floors and part floors are different products. Nine full-floor lofts at roughly 5,360 square feet, and three smaller residences created out of former commercial space. They do not price, live or resell the same way.
The address is the outlook. Directly across from the World Trade Center memorial. That is a real amenity and, for some buyers, a real consideration. Visit at different times of day.
Comparable buildings
If you're considering 114 Liberty Street, also evaluate:
- 55 Liberty Street — prewar Liberty Street conversion two blocks east; the closest peer by street and vintage
- 20 Pine Street — large Financial District office-to-residential conversion; the amenity-heavy alternative
- 25 Broad Street — Lower Manhattan conversion of the same era and program
- 15 Broad Street — Downtown by Philippe Starck; the full-service conversion comparison
- 1 Wall Street — the landmark Financial District office-to-residential conversion at the top of the market
- 111 William Street — boutique Financial District condominium of comparable scale
- 130 William Street — new-construction Financial District condominium; the ground-up alternative
- 150 Nassau Street — the American Tract Society Building; large-plate prewar loft conversion nearby
- 1 John Street — new-construction condominium at the Seaport edge of the district
- 161 Maiden Lane — Seaport Residences; the cautionary comparison on construction and certificate risk
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent.
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