56 PINE Street #15B, New York City, NY 10005

Financial District, New York City, NYCourtesy of Corcoran Group
56 PINE Street #15B, Financial District, Manhattan, NY 10005 - Main property photo
56 PINE Street #15B, Financial District, Manhattan, NY 10005 - Property photo 2 of 4
56 PINE Street #15B, Financial District, Manhattan, NY 10005 - Property photo 3 of 4
56 PINE Street #15B, Financial District, Manhattan, NY 10005 - Property photo 4 of 4

The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures beside this are illustrative, based on a 3% buyer-broker commission; your share follows the commission offered on the transaction.

Contract Purchase Price$499,000
Illustrative Buyer Commission Share-$7,485*
Illustrative Net Cost$491,515
Listing Price
$499,000
Common Charges$1,195 / mo
Monthly Taxes
Price per Sqft$949
Brokerage FeeShare Eligible
Studio
Beds
1
Baths
526
Sqft
Illustrative Buyer Savings
+$7,485*
50% of a 3% buyer-broker commission, shared at closing
Regis Roumila

Regis Roumila

Verified Member: REBNY · NAR

NYDOS LIC#: 10491211335

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Property Overview

Sun-Drenched Corner Studio with Historic Charm Welcome to Apartment 15B at 56 Pine Street - a beautifully appointed corner studio offering an abundance of natural light and classic New York character. Located in a landmarked Beaux-Arts building in the heart of the Financial District, this inviting unit is perched on a high floor, featuring oversized windows with dual exposures that flood the space with sunshine throughout the day.
Thoughtful Layout & Timeless Design The open layout maximizes functionality while retaining an elegant touch, with soaring cei...

Property Details

PROPERTY TYPECondominium
BATHS1
ROOMS2
SQFT526 sqft
STORIES16
YEAR BUILT1893
PRICE PER SQFT$949
COMMON CHARGES$1,195 / Monthly
LISTED ONDec 31, 2025
DAYS ON MARKET250 Days
 
 

Residence Features

Building Other
Washer Dryer Allowed
City

Sales Evidence

Recent closed sales

32 apartments at Cambridge Club have recorded sales since September 2021, the most recent for $580,000 in June 2026. Prices are the figures recorded with the City, not asking prices.

Recorded closed sales at Cambridge Club, September 2021 – June 2026
8BApartment1706$580,000$822/ft²June 23, 2026MLS
11AApartment1756$555,000$734/ft²May 7, 2026City record
11EApartmentStudio430$388,000$902/ft²March 25, 2026City record
3BApartment21,140$840,000$737/ft²March 18, 2026City record · MLS
12EApartment1776$499,000$643/ft²October 30, 2025City record · MLS
4CApartment1770$540,000$701/ft²September 26, 2025City record · MLS
6AApartment1756$610,000$807/ft²June 27, 2025City record
15CApartmentStudio407$392,500$964/ft²June 23, 2025City record · MLS
6EApartmentBedroom count not recorded430$400,000$930/ft²April 23, 2025City record
8FApartment1601$500,000$832/ft²April 18, 2025City record · MLS
6FApartment1601$555,750$925/ft²January 3, 2025City record
5BApartment1706$530,000$751/ft²December 13, 2024City record · MLS
4DApartment21,031$950,000$921/ft²November 27, 2024City record
14EApartment1776$570,000$735/ft²November 12, 2024City record
PH-BApartmentBedroom count not recorded662$640,000$967/ft²November 7, 2024City record
10DApartmentBedroom count not recorded662$527,000$796/ft²September 19, 2024City record
11AApartment1756$557,500$737/ft²August 14, 2024City record · MLS
15-FApartment2670$565,000$843/ft²April 5, 2024City record · MLS
10EApartmentStudio430$385,000$895/ft²March 8, 2024City record · MLS
16-BApartmentStudio526$505,000$960/ft²January 17, 2024City record · MLS
9FApartment1Square footage not recorded$490,000No square footage recorded for this saleDecember 29, 2023City record · MLS
11GApartmentStudio775$515,000$665/ft²December 18, 2023City record · MLS
10BApartment1706$620,000$878/ft²October 11, 2023City record · MLS
11EApartmentStudio440$395,000$898/ft²October 6, 2023City record · MLS
3-DApartment21,040$750,000$721/ft²September 21, 2023City record · MLS
12FApartment1670$500,000$746/ft²September 7, 2023City record · MLS
16BApartmentStudio526$450,000$856/ft²July 17, 2023City record
8DApartment1662$599,000$905/ft²April 21, 2023City record · MLS
7FApartment1Square footage not recorded$545,000No square footage recorded for this saleAugust 4, 2022City record · MLS
PHAApartment1815$625,000$767/ft²April 14, 2022City record · MLS
10EApartmentStudio430$417,500$971/ft²January 31, 2022City record · MLS
12BApartmentBedroom count not recorded706$630,000$892/ft²October 28, 2021City record

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

How this price compares

The median closed price for comparable studio sales at Cambridge Club is $406,250, based on 8 sales between January 2022 and March 2026. This home is asking $499,000, $92,750 above that median. The middle half of those sales closed between $391,375 and $463,750.

Median closed price
$406,250
Middle half
$391,375 – $463,750
Based on
8 studio sales at Cambridge Club
Period
January 2022 – March 2026
Median $/ft²
$900/ft²

Across the 6 of these sales with a published asking price, the median closed at 93% of what it originally asked. 100% of them closed below the original ask.

How these sales were negotiated

Sold vs original ask
93% of the original ask
Closed below ask
100% of 6 sales
Listed → in contract
95 days (about 14 weeks)
In contract → closed
46 days (about 7 weeks)

Across the 6 of these sales with a published asking price, the median closed at 93% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 95 days (about 14 weeks) of coming to market, based on the 5 with a recorded listing date.

Once a deal was agreed, closing took a further 46 days (about 7 weeks), based on the 5 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 8 studio sales at Cambridge Club, January 2022 – March 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

Price trend

Median price per square foot for sales at Cambridge Club, 2017 to 2026. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

Median $/ft² by year for sales at Cambridge Club, 2017 to 2026, with the number of sales behind each year
YearMedian $/ft²Sales
2017$970/ft²5
2019$1,011/ft²3Thin
2020$808/ft²3Thin
2021$892/ft²3Thin
2023$856/ft²8
2024$843/ft²9
2025$832/ft²7
2026$737/ft²3Thin

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

Price and Property History for 56 PINE Street, Unit 15B

Review the recorded listing activity for 56 PINE Street, Unit 15B, including asking-price changes and prior market dates.

Latest price change
Reduced by $30,000, or 5.7%, on June 12, 2026
Originally listed
July 14, 2025 at $599,000
Current asking price
$499,000
Listing and price history for 56 PINE Street, Unit 15B
DatePriceListing event
$499,000Asking price reduced by $30,000, or 5.7%
$599,000Listed for sale by Corcoran Group

Property Tax History

Taxes at 56 PINE Street #15B were $10,520 in 2026, up 2.9% from 2025.

New York City Department of Finance property tax history for 56 PINE Street #15B, 2010 to 2026
YearTax AssessmentLandAdditionsBillable ValueProperty TaxTax Rate
2026FY 2026/27$98,365$9,760$88,605$86,450$10,52012.5%Estimated
2025FY 2025/26$94,518$9,760$84,758$83,923$10,22212.5%Estimated
2024FY 2024/25$88,914$9,760$79,154$82,724$10,05112.5%
2023FY 2023/24$83,691$9,760$73,931$81,488$9,89812.502%
2022FY 2022/23$79,695$9,760$69,935$79,695$7,828after $1,655 abatement12.267%
2021FY 2021/22$79,695$9,760$69,935$79,695$2,880after $6,570 abatement12.235%
2020FY 2020/21$88,250$9,760$78,490$77,198$9,17712.267%
2019FY 2019/20$86,269$9,760$76,509$73,836$8,91912.473%
2018FY 2018/19$83,260$9,760$73,500$70,062$8,52712.612%
2017FY 2017/18$77,706$9,760$67,946$66,184$8,28912.719%
2016FY 2016/17$65,289$9,760$55,529$61,561$7,67412.892%
2015FY 2015/16$67,892$9,760$58,132$58,320$7,12112.883%
2014FY 2014/15$61,990$9,760$52,230$54,100$6,43212.855%
2013FY 2013/14$58,045$9,760$48,285$50,684$5,99413.145%
2012FY 2012/13$61,085$9,760$51,325$50,052$5,92713.181%
2011FY 2011/12$55,905$9,760$46,145$48,900$5,88613.433%
2010FY 2010/11$52,406$9,760$42,646$50,407$6,05213.353%

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner.

Figures are the New York City Department of Finance assessment roll for tax lot 1000411278. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

About The Building

Cambridge Club
Financial District · Condominium

Cambridge Club

56 PINE Street, New York, NY 10005

A building in Financial District, currently featuring 3 active listings.

YEAR BUILT1893
TOTAL UNITS3
FLOORS16

Interested in Cambridge Club?

Consult Régis for private buyer guidance, off-market opportunities, building financials, board package requirements, closing costs, and potential Buyer Savings.

Available Residences

FOR SALE (3)
15BStudio1526 sqft$949
$499,000(-5.7%)
Corcoran GroupDec 31, 2025250 days
10F11601 sqft$890
$535,000(-2.7%)
Brown Harris Stevens Residential Sales LLCMar 6, 2026185 days
15A11
$550,000
In contract
Berkshire Hathaway HomeServices New York PropertiesJul 16, 202653 days

Estimated Monthly Payment

$3,718/ month
Principal & Interest$2,52368% of totalCommon Charges$1,19532% of total
Down Payment$99,800 (20%)
Interest Rate6.5%
Loan Term
Principal & Interest
$2,523
Common Charges
$1,195

Estimates only. Actual payments may vary. Confirm terms with your lender.

Neighborhood Context

Nearby Schools

Montessori School of Manhattan0.08 miles
Lehman Manhattan Preparatory School0.17 miles
Downtown Little School0.19 miles
Millenium High School0.22 miles
Leadership and Public Service High School0.26 miles

* Distances are approximate line-of-sight metrics.

Location Context

Financial District

Manhattan's Historic Power Center

The Financial District (FiDi) is where New York began. Narrow, winding colonial streets meet soaring glass skyscrapers.

Real Estate & Housing Market

Office-to-residential conversions are the norm. High ceilngs, thick walls, and modern amenities in historic buildings.

Lifestyle & Community

Fast-paced by day, quieter by night (though changing). Stone Street offers a lively cobblestone drinking scene.

Transportation & Accessibility

The best connective tissue in NYC. Fulton Center and WTC Oculus connect virtually every subway line and PATH.

Parks, Schools & Amenities

The Battery offers waterfront green space. Eataly, iPic Theater, and South Street Seaport provide leisure.

Who This Neighborhood Is Best For

Best for Wall Street workers, efficiency lovers, and those wanting luxury value.

Financial District
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.