- Year built
- 1915
- Type
- Condominium
- Landmark
- Designated
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,744
- Listing discount
- 1.1%
- Recorded sales
- 55
- On record
- 2003–2026
387 Greenwich Street is Tribeca loft living in its most authentic form. Built in 1915 as a warehouse for the import of coffee, tea, and spices, the building was meticulously converted to residential use in 2001, becoming a boutique condominium of just 33 homes. It is the kind of building that drew buyers to Tribeca in the first place — real industrial bones, generous scale, and the quiet privacy of a small loft house, on one of the neighborhood's most desirable corners.
Tribeca trades on exactly this character, and original conversions of this caliber are finite. The Fischer Mills Building keeps its warehouse vocabulary — masonry, beamed ceilings, cast-iron columns, and oversized factory windows — while delivering the layouts and systems of a modern condominium. The intimate scale ensures privacy and discretion, qualities the neighborhood's well-known residents have long prized.
For buyers, the proposition is scarce: an authentic, large-format loft in a boutique Tribeca condominium, with the ownership flexibility a condominium provides, steps from Hudson River Park, SoHo, and the neighborhood's celebrated dining and retail.
Building operations
As a condominium, The Fischer Mills Building offers the ownership flexibility downtown buyers want. Financing is flexible — there are no co-op-style financing caps. There is no board admissions process — purchases clear through a right-of-first-refusal rather than a board package and interview. Pied-à-terre, trust, LLC, and investment purchases are customary at a Tribeca loft condominium, and resale and subletting are materially freer than in a cooperative. The building's Tribeca historic-district setting means exterior changes run through Landmarks review, which protects the façade and the streetscape buyers are paying for.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $48,097/yr
- Per unit / month range
- $0 – $121
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 2, 2026 | 2F | 2 BR · 2 BA · 1,528 sf | $4,050,000 | $2,651/sf | +1.4% |
| May 7, 2025 | 6BC | 2 BR · 2.5 BA · 3,350 sf | $8,900,000 | $2,657/sf | -1.1% |
| Oct 10, 2024 | 4AB | 5 BR · 4.5 BA · 4,200 sf | $10,300,000 | $2,452/sf | +0.0% |
| Dec 4, 2023 | 3A | 5 BR · 4.5 BA · 4,000 sf | $12,025,000 | $3,006/sf | +0.6% |
| Jul 22, 2022 | 5F | 2 BR · 2 BA · 1,684 sf | $3,710,000 | $2,203/sf | +10.7% |
| Dec 1, 2021 | 2D | 2 BR · 2.5 BA · 2,415 sf | $4,495,000 | $1,861/sf | +0.0% |
| Sep 30, 2020 | PH6E | 2 BR · 1,765 sf | $4,400,000 | $2,493/sf | off-mkt |
| Jan 16, 2020 | 5F | 2 BR · 2 BA · 1,684 sf | $3,150,000 | $1,871/sf | -3.1% |
Market read. Most recent trades (2026) cleared a median $2,744/sf across 1 sale. Median listing discount 1.1% 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 1-00188-7502) 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
Underwrite the specific loft. Value here is driven by floor, exposure, ceiling height, outdoor space, and renovation quality far more than by any building average — a terraced full-floor home and a smaller simplex are very different propositions. The condominium structure is a real advantage: flexible financing, no board interview, and the customary acceptance of pied-à-terre, trust, and LLC purchases. Diligence centers on the offering plan, the condominium's financials and reserve, any planned capital work on a century-old masonry building, and the home's specifics. We help buyers read the building, weigh the comparison set, and structure the purchase.
What to know if you’re selling
The pitch is authenticity and scale: a 1915 warehouse conversion with genuine loft volume — beamed ceilings, cast-iron columns, oversized windows — in a boutique Tribeca condominium of just 33 homes. The marketing job is to present the specific loft's volume, light, and outdoor space and to benchmark against the best Tribeca conversions, not against newer glass product. Because each home is distinct, accurate positioning and staging that read the loft volume correctly are what separate a strong result from an average one.
Comparable buildings
If you're considering 387 Greenwich Street, also evaluate these Tribeca loft buildings:
- 443 Greenwich Street — a landmark Tribeca loft condominium
- 415 Greenwich Street — a Tribeca loft conversion
- 505 Greenwich Street — a Tribeca / Hudson Square condominium
- 125 Greenwich Street — a downtown condominium tower
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
Considering a move at The Fischer Mills Building?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Fischer Mills Building would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.