- Year built
- 1887
- Type
- Condominium
- Units
- 28
- Pets
- Pets considered on a case-by-case basis
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Generally allowed in condominiums; not confirmed for this building
- Landmark status
- Not an individual landmark; in the Tribeca North Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2022
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2022
- $1,749
- floor-adjusted, 3 sales
- Listing discount
- 2.0%
- Recorded sales
- 36
- On record
- 2004–2022
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Dietz Lantern 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.
429 Greenwich Street — the Dietz Lantern Building — is a boutique loft condominium in a converted late-19th-century Tribeca building — a small-footprint, low-unit-count address on one of the most sought-after residential blocks in downtown Manhattan. With only 28 residences, the building sits at the intimate end of the Tribeca condominium spectrum: closer in character to a converted loft house than to the large-format full-service towers that define the corridor's high end.
The location is the headline. Greenwich Street between Vestry and Laight places 429 Greenwich in the heart of Tribeca's loft district, two short blocks from the Hudson River Park and within walking distance of the neighborhood's restaurant, gallery, and retail ecosystem. The address lies south of 443 Greenwich Street — the celebrity-occupied CetraRuddy / MetroLoft conversion — and occupies a different block while operating at a materially smaller scale and a different price posture. Buyers who want a Tribeca loft on this exact stretch of Greenwich Street, but in a quieter, lower-density building, are the natural audience.
The building type is the Tribeca loft. The original 1887 structure — built for the R.E. Dietz Company lantern factory and rebuilt to nine stories after an 1897 fire — belongs to the late-19th-century masonry-warehouse vintage that gives Tribeca its architectural identity. Its 1996 conversion preserved loft-scale proportions — high barrel-vaulted ceilings, exposed brick and columns, and substantial floor plates — while introducing modern systems and finishes. The building's value proposition rests on the combination of authentic loft architecture and a boutique, low-unit-count ownership structure.
Scale and discretion go together. A 28-unit building runs as a small community. Boutique Tribeca condominiums of this size offer a different daily-life experience than the large full-service buildings nearby: fewer residents, lighter common-area traffic, and a more private feel. For buyers who prize that intimacy, the small unit count is a feature, not a limitation. For buyers who want a deep amenity package and full-time staffing, a larger building on the corridor may fit better — the trade-off is the central buying decision at 429 Greenwich.
Architecture and unit composition
The building is an 1887 Tribeca loft/warehouse structure — the Dietz Lantern factory, rebuilt to nine stories after an 1897 fire — converted in 1996 to a boutique residential condominium of 28 residences. It yields loft-scale apartments — full-floor and large half-floor configurations — with high barrel-vaulted ceilings, exposed brick, generous window lines, and the column-grid character that defines authentic Tribeca loft stock.
Tribeca conversions of this era generally preserve selected original architectural elements — exposed masonry, structural columns, and timber or steel framing where appropriate — while introducing current-generation kitchens, bathrooms, and building systems. The degree of preservation and the renovation state of individual apartments vary building to building and unit to unit; prospective buyers should review the specific finish package, mechanical systems, and any apartment-level renovation history during due diligence.
The boutique scale shapes the architecture's daily experience: a 28-unit building typically means a small number of residences per floor, contributing to the privacy and quiet that distinguish smaller Tribeca conversions from the corridor's larger towers.
Building operations
429 Greenwich operates as a for-sale condominium with a full-service program: a 24-hour doorman, a live-in superintendent, an interior courtyard garden off the lobby, bike storage, and an on-site underground parking garage. As a condominium, there is no co-op board admission; confirm pied-à-terre use, subletting, pets and ownership-entity rules in the current declaration, bylaws and house rules.
Common charges reflect the building's smaller cost base and amenity footprint relative to the large full-service Tribeca towers. Prospective buyers should review the current offering plan, house rules, financial statements, board meeting minutes, and any reserve study during due diligence.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Garden, garage, bike storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $4,160/yr
- Per unit / month range
- $0 – $12
- Modeled exposure split equally across 28 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. 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 data last refreshed October 2026.
Recent sales
Pricing at 429 Greenwich is best read at the apartment level rather than through a single building-wide figure. Tribeca loft condominiums on the Greenwich Street corridor command among the higher per-square-foot values in downtown Manhattan, but the range within any given building is wide — driven by floor, exposure, ceiling height, light, layout, renovation state, and outdoor space. In a boutique 28-unit building, comparable sales turn over infrequently, which makes apartment-specific analysis and corridor-wide comparables especially important; a thin trade history means each transaction carries more weight in establishing value.
Because the building is small and the block is tightly held, current pricing should be grounded in live offering materials and recent recorded transfers rather than generalized neighborhood averages. We do not publish speculative per-square-foot estimates or buyer or seller names for this building; recorded apartment sales appear below, fuller transaction detail is available through The Roebling Research Library and NYC Department of Finance recorded transfers, and we model pricing on request against the specific apartment and the current Tribeca corridor comp set. Run any prospective pricing through the Mansion Tax Calculator — Tribeca loft pricing routinely crosses the $2M, $5M, and higher cliff thresholds.
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 6, 2022 | 2A | 3 BR · 2 BA · 2,292 sf | $3,400,000 | $1,483/sf | -4.2% |
| Jan 31, 2022 | 9B | 3 BR · 4 BA · 4,000 sf | $9,225,000 | $2,306/sf | -7.7% |
| Jan 27, 2022 | 2B | 3 BR · 2.5 BA · 2,054 sf | $4,450,000 | $2,167/sf | +0.0% |
| Dec 23, 2021 | 5A | 3 BR · 2 BA · 1,700 sf | $3,025,000 | $1,779/sf | -9.7% |
| Dec 29, 2020 | 2C | 3 BR · 2.5 BA · 2,400 sf | $5,175,000 | $2,156/sf | +0.0% |
| Dec 24, 2020 | 9A | 4 BR · 3,930 sf | $5,746,000 | $1,462/sf | — |
| Nov 8, 2018 | 7C | 4 BR · 2,666 sf | $7,200,000 | $2,701/sf | +2.9% |
| Jan 23, 2018 | 6C | 4 BR · 3.5 BA · 3,200 sf | $7,500,000 | $2,344/sf | -9.1% |
Market read. Most recent trades (2022) cleared a median $1,749/sf (floor-adjusted) across 3 sales. 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 2.0% 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 1-00219-7501; 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.
What would your apartment rent for?
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
The boutique scale is the defining trade-off. A 28-unit building offers privacy, quiet, and a small-community feel, with a 24-hour doorman, live-in super, and parking garage rather than the deep amenity stack of the large full-service Tribeca towers. Decide which side of that trade-off fits your priorities before you tour.
Apartment-level diligence matters. In a late-19th-century conversion, renovation states and mechanical systems vary apartment to apartment. Review the specific unit's finish package, systems, and any renovation history, along with the building's financials, reserves, and house rules.
Confirm the condominium's use rules. Pied-à-terre use, subletting, pets, foreign-buyer ownership and any financing limits should be confirmed in the current declaration, bylaws and house rules during due diligence.
Mansion tax thresholds apply. At Tribeca loft pricing, the mansion tax cliffs are routinely in play. Run pricing through the Mansion Tax Calculator before structuring an offer.
What to know if you’re selling
Apartment-level positioning is everything. With few trades in a 28-unit building, your apartment is best marketed against the broader Greenwich Street and Tribeca loft comp set rather than a single in-building precedent. Floor, light, ceiling height, layout, renovation state, and outdoor space all drive where the apartment lands.
The location is the lead. Greenwich Street between Vestry and Laight — steps from the Hudson River Park and on the same block as the corridor's marquee addresses — is a primary selling point. Market the block and the loft architecture together.
The boutique character is a feature to frame. Privacy, quiet, and low density appeal to a specific buyer. Position the building's intimate scale as the differentiator it is, rather than competing on amenity depth with the large towers.
Closing timelines are condo-fast. A condominium structure generally supports efficient closings; foreign buyers and pied-à-terre purchasers are typically eligible. Confirm the specifics under the building's declaration.
Comparable buildings
If you're considering 429 Greenwich, also evaluate:
- 443 Greenwich Street — the celebrity-occupied CetraRuddy / MetroLoft conversion farther north along Greenwich Street; larger, full-service, higher price posture
- 70 Vestry Street — RAMSA / Related Tribeca waterfront condominium
- 56 Leonard Street — Herzog & de Meuron Tribeca "Jenga Building"
- 155 Franklin Street — an 1882 Tribeca condominium
- 195 Hudson Street — Tribeca / Hudson Square loft condominium
- 145 Hudson Street — Tribeca / Hudson Square loft condominium
More Tribeca buildings
- 415 Washington Street — 2010 condominium
- TriBeCa Summit, 415 Greenwich Street — 1913 condominium
- 427 Washington Street — 1920 co-op
- 434 Greenwich Street — 1883 co-op
- 443 Greenwich Street — 1882 condominium by Charles Coolidge Haight
- 450 Washington Street — 2009 condop by SLCE Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
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. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Dietz Lantern Building?
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646.939.7375 · c.cohen@compass.com