50 Pine Street (50 Pine Street)
50 Pine Street, New York, NY 10005
Financial District
BBL 1000417501 · BIN 1001011
- Year built
- 1902
- Type
- Condominium
- Units
- 20
- Floors
- 12
- Landmark
- No
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $819
- Listing discount
- 4.9%
- Recorded sales
- 57
- On record
- 2004–2026
50 Pine Street is a boutique prewar-conversion condominium in the heart of the Financial District — a 20-residence building carved from an early-20th-century Lower Manhattan office/loft structure on Pine Street between William and Pearl. Where the neighborhood's best-known conversions are large-format buildings with several hundred units, 50 Pine sits at the opposite end of the spectrum: a small, low-density address whose appeal is the combination of prewar architectural bones and an intimate residential scale.
Architectural context. The original 1902 building belongs to the turn-of-the-century downtown commercial loft tradition — the masonry-and-proportion language that gives the Financial District's prewar stock its distinct character relative to the area's later Art Deco towers and contemporary glass construction. The 2005 residential conversion preserved that prewar shell — including the two-story granite base and barrel-vaulted lobby — while reconfiguring the interior for boutique condominium living.
The boutique scale is the defining feature. A 20-unit building operates differently from the 400-unit conversions nearby. Low density, fewer residents, and a more intimate building culture distinguish 50 Pine from its larger Financial District conversion peers. Buyers who want a small-building experience within the downtown corridor — rather than a full-amenity high-rise — are the structural target.
The Financial District location anchors the value proposition. 50 Pine sits within walking proximity to the Wall Street institutional core, the broader downtown dining and retail ecosystem, and the area's dense transit infrastructure. The neighborhood's continued evolution from a single-use financial center into a mixed residential-and-commercial district is the backdrop for any purchase here.
Architecture and unit composition
The exterior is the original early-20th-century commercial loft composition — masonry construction with the proportions and detailing characteristic of 1902-era Lower Manhattan office stock. The residential conversion preserved the prewar shell while reconfiguring the interior across 20 condominium residences.
The boutique scale shapes the unit composition: with two residences per floor, the building produces a small, curated inventory — including full-floor lofts with over 12-foot ceilings and prewar duplex penthouses with private outdoor space — rather than the broad floor-plate variety of large-format conversions. Prewar conversions of this type retain selected original architectural elements — ceiling height, window proportions, masonry detail — while introducing modern systems, kitchens, and bathrooms. Apartment-level layouts, finish states, and any preserved original detail vary residence to residence and should be reviewed unit by unit.
Building operations
50 Pine Street operates as a boutique residential condominium. The building's small unit count shapes its operational character — a 20-residence building carries a different cost-and-staffing model than the full-service high-rise conversions nearby. The service program centers on three elevators, a part-time doorman, video intercom security, bicycle storage, and a daily visiting superintendent; common charges and the reserve position should be reviewed during due diligence.
The condominium structure provides the ownership flexibility typical of the form: pied-à-terre use, sublets, pets, and foreign-buyer ownership are permitted under the declaration. Review the current declaration, house rules, financial statements, and board minutes through The Roebling Research Library at engagement.
Local Law 97
- 2024–2029 annual penalty
- $48,375/yr
- 2030–2034 annual penalty
- $80,949/yr
- Per unit / month range
- $202 – $337
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 →Management & transfer contacts
- Notable fees
- Condo (Financial District). Buyer app $750; closing $350; move-in/out $500 fee + $1,500 deposit; lease app $250; lease renewal $75
Recent sales
50 Pine's resale market is best read through the lens of its boutique scale and prewar-conversion character. In a small building, individual transactions carry outsized weight in the comparable record — a single sale can reset the building's apparent pricing, and the limited inventory means the relevant comparable set is narrow. Pricing is best understood on a per-square-foot basis against the broader Financial District prewar-conversion market rather than against any single recent trade.
Per-square-foot values across the Financial District conversion segment vary meaningfully by building age, conversion vintage, amenity program, ceiling height, exposure, and apartment-level renovation state. Where 50 Pine prices within that range depends on the specific residence, its condition, and its position in the building. We do not publish invented transaction prices, unit-level sales, or buyer names for this building; current and historical apartment-level comparables are maintained in The Roebling Research Library and reviewed with clients during due diligence. Confirm all current pricing context at offer stage.
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 |
|---|---|---|---|---|---|
| Apr 29, 2025 | 8S | 2 BR · 2 BA · 1,200 sf | $1,020,000 | $850/sf | -11.3% |
| Sep 14, 2023 | 8N | 2 BR · 1,512 sf | $1,477,500 | $977/sf | off-mkt |
| Sep 14, 2023 | 5S | 2 BR · 2 BA · 1,218 sf | $1,080,000 | $887/sf | -9.9% |
| Apr 24, 2023 | 12S | 2 BR · 2 BA · 1,059 sf | $949,550 | $897/sf | off-mkt |
| Oct 13, 2022 | 9N | 3 BR · 2 BA · 1,722 sf | $1,625,000 | $944/sf | -9.5% |
| Aug 23, 2022 | 6N | 2 BR · 2 BA · 1,700 sf | $1,495,000 | $879/sf | -5.1% |
| Aug 4, 2022 | 4N | 3 BR · 2 BA · 1,700 sf | $1,400,000 | $824/sf | -3.4% |
| Aug 1, 2022 | 6S | 2 BR · 2 BA · 1,218 sf | $940,000 | $772/sf | -5.5% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $819/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 4.9% 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 1-00041-7501) 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 boutique scale is the structural draw — and a trade-off. A 20-residence building offers intimacy and low density that large conversions cannot. The trade-off is a smaller amenity program and a cost model spread across fewer units. Buyers should weigh both.
Review the building's financials carefully in a small building. In a 20-unit condominium, the reserve position, common-charge structure, and any planned capital work matter more per owner than in a large building. Request current financial statements, the reserve study, and recent board minutes during due diligence.
Understand the conversion specifics. The scope of original-shell preservation from the 2005 conversion and the systems modernization both bear on long-term carrying cost and maintenance. Review these during due diligence.
Inspect at the apartment level. Prewar conversions vary residence to residence in ceiling height, window proportion, layout, and renovation state. View the specific unit in person and assess its condition against the building's pricing.
Condo flexibility applies. Pied-à-terre use, sublets, pets, and foreign-buyer ownership are permitted under the condominium form; review the building's house rules during due diligence.
Run the mansion tax math where applicable. Run any contemplated purchase price through the Mansion Tax Calculator to understand cliff-threshold effects.
What to know if you’re selling
Boutique-building positioning requires precise comparable work. With a small inventory and few recent trades, pricing a 50 Pine residence demands careful per-square-foot benchmarking against the broader Financial District prewar-conversion market — not a single in-building comparable.
The prewar-conversion story is part of the marketing. Buyers respond to the combination of prewar architectural character and boutique scale. Sellers should be prepared to present the building's conversion history and the specific residence's preserved detail and renovation state.
Apartment condition drives pricing in a small building. Where in-building comparables are scarce, the specific unit's finish state, layout, and exposure carry the pricing argument. Stage and present accordingly.
Closing timelines are condo-standard. Condominium transactions typically close on a 30–60 day timeline from contract; confirm the building's specific procedures at offer stage.
Comparable buildings
If you're considering 50 Pine Street, also evaluate:
- 20 Pine Street (The Collection) — 1928 / 2007 conversion; nearby Financial District prewar-conversion condominium peer
- 15 Broad Street — Trowbridge & Livingston 1914 / Starck 2005; nearby Wall Street conversion peer
- 25 Broad Street — Clinton & Russell 1902 / 2019 conversion; nearby Broad Street prewar-conversion peer
- 55 Wall Street — landmark Wall Street conversion in the downtown core
- 75 Wall Street — Financial District conversion condominium peer
- 15 William Street — nearby downtown condominium peer on William Street
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
Considering a move at 50 Pine Street?
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 50 Pine Street 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.