51 White Street via CityRealty
In the more than 25 years since the Tribeca East Historic District was designated, the area has seen some first-rate endeavors of historic restoration and high-end construction. For example, 56 Leonard Street is home to one of the most expensive apartments ever sold downtown, if not the city. Cast Iron House has been described as “one of the city’s most attractive 19th century cast-iron buildings” by architecture critic Carter Horsley and when the Landmarks Preservation Commission gave the green light for 14 White Street, it was predicted that the building would become an individual landmark in the future. The next venture to surface in the characterful area is 51 White Street, a five-story, 4-unit condo conversion whose 19th century façade will be carefully restored.
Construction at 51 White Street via CityRealty
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The lofts of 51 White Street were originally home to textile and dry good firms, and developer DAB Investments secured Landmarks permission for the restoration and construction of a two-story penthouse on top in December 2016. A recent site visit shows that the nearly 160-year-old building is under a protective covering as its cast-iron façade is being restored to first class condition. Additionally, the fire escapes are coming down, the columns and cornices are being restored, and the windows are being replaced with painted wood, double-hung simulated divided light windows that echo the originals.
Inside, four spectacular apartments will be spread over 15,000 square feet of residential space. Construction banners marketing the development tell us Verona Carpenter Architects will be handling the interiors and construction is being managed by Avo Construction. Floor plans from the LPC presentation show spacious floor-through apartments with steel cast-iron columns in the living rooms.
Interior construction photos via DAB Investments / Vertex Realty / Davie Friedman
Apartments on floors 3-5 will have four bedrooms. A duplex penthouse at the top of the building will have five bedrooms and a roof terrace. DAB Investments promises “some of the highest levels of finishes, materials, and designs seen in the neighborhood.” Given the caliber of the apartments in Tribeca, this sets the bar extremely high.
An offering plan has yet to be filed, but eye-watering price tags are expected due to the size and location of the residenes. According to CityRealty data, the average price of a Tribeca four-bedroom condo is $4.075 million.
An offering plan has yet to be filed, but eye-watering price tags are expected due to the size and location of the residenes. According to CityRealty data, the average price of a Tribeca four-bedroom condo is $4.075 million.
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Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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