The Fischer Mills Building

The Fischer Mills Building is a condominium. There is no board admissions process — purchases clear through a right-of-first-refusal rather than a board package and interview. Pied-à-terre use is permitted; confirm financing, leasing, trust and LLC ownership rules in the current declaration, bylaws and house rules. 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.

The building's industrial heritage is the design. The converted nineteenth-century buildings retain high beamed ceilings, exposed brick, cast-iron columns, and oversized factory-style windows that flood the interiors with light — the genuine article rather than a stylistic gesture. At eight stories and 33 homes, it is a true boutique loft building, low-rise and private.

The residences are defined by generous scale and loft character, with many homes spanning more than 2,000 square feet and select units offering private terraces or direct street access. Layouts vary across the building, and value is set by floor, light, ceiling height, outdoor space, and the quality of each home's renovation — a full-floor or terraced loft commands a clear premium. The variety in the stock rewards a buyer who understands how to read loft volume and condition.

Recent sales

Recent closings at this building, from The Roebling Research Library. 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.

Market read. Most recent trades (2026 to date) cleared a median $2,744/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00188-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.

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 means no co-op board interview, and pied-à-terre use is permitted; confirm financing and trust and LLC ownership rules in the governing documents. 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.

The pitch is authenticity and scale: a conversion of nineteenth-century commercial buildings with 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.

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