81 WHITE ST #PHE
About This Property
A welcoming 23ft by 23ft living room is complete with gas fireplace, wet bar and dining area. The kitchen is a chef's workout space, with a 6 burner Viking stove w/ grill venting to the outside, Sub-Zero refrigerator, Bosch dishwasher, cabinets by Woodmere, titanium backsplash and a double-width deep basin sink with waste disposal unit and its own water purification system. A second gathering and entertaining area cozily set in a corner just off the kitchen. The large downstairs bedroom has extensive closet space and a dressing area with custom built-ins. The full bath on this floor is slate with Roburn cabinets and a Groehe sink.
Ascend to the upper floor via an elegantly assembled hardwood and steel centerpiece staircase by Weng Steel Designs. Here one finds both a generously sized master suite, and a third bedroom or home office. The master suite is pin-drop quiet with great natural light and has custom built-ins, two dressing areas and a large private terrace with a motorized awning. The en-suite master bath is a luxurious retreat from hectic city-life, with California river stones, a double Jacuzzi, Groehe sink, two rain showerheads, an automatic de-fogging system for the vanity and a waterfall down the back wall - this is an experience not to be missed. The third bedroom gets incredible light through a wall of windows and its own large skylight. This bedroom opens onto a landscaped terrace with open North views and features its own marble bathroom with a European steam shower. The upper floor can also be accessed via the elevator to the 6th floor landing entry. Additional features include a silent central AC system, washer and dryer, video intercom and full irrigation systems on the planted terraces.
An 11-unit boutique condominium comprised of two 19th century loft buildings, next to the landmarked legendary Mudd Club, and around the corner from the new Broadway Gourmet Garage. New condominium and hotel projects are targeting this strip of Tribeca as the next truly fascinating part of Downtown. Cortlandt Alley is perhaps the last go-to classic "gritty urban back alley" in Manhattan, used as a backdrop by countless fashion photographers and film directors of all sorts. Access to all the adventurous TriBeCa, SoHo and Chinatown restaurants and stores, as well as to several transportation options. Sponsor sale, purchaser responsible for transfer taxes.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2026 | Listed by Brown Harris Stevens Residential Sales LLC | $4,695,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
| |||
|
A Tribeca Penthouse for Those Who Know Where to LookThere is Tribeca, and then there is the Tribeca you discover when you leave Broadway behind. Tucked away on White St. by Cortlandt Alley, this duplex penthouse occupies a discreet plot of downtown Manhattan where the old city retains its character even as a new generation of luxury residences, galleries (so many!), and independent shops transform the neighborhood. Close to the action, yet remarkably quiet, it offers the increasingly rare pleasure of feeling removed from the city without giving anything up. Within an intimate 11-unit condominium of two 19th-century loft buildings, beside the departed legendary Mudd Club, this 3,202-square-foot residence combines architectural drama, generous proportions, and two private landscaped terraces. A spectacular skylight rises 27 feet above the fifth-floor entrance, illuminating two levels of ebony-stained rock maple hardwood connected by a sculptural wood-and-steel staircase. The layout accommodates three bedrooms, three full bathrooms, and both northern and southern outdoor exposures. The 23-by-23-foot living room, with gas fireplace, wet bar, and dining area, is made for entertaining without sacrificing comfort. The well-equipped chef's kitchen features a six-burner Viking range with grill, Sub-Zero refrigerator, Bosch dishwasher, and custom cabinetry. A separate sitting area, spacious secondary bedroom, and full bath complete the lower level. Upstairs, the primary suite is a particularly peaceful retreat, with excellent natural light, custom built-ins, two dressing areas, and a private terrace with motorized awning. Its generously appointed bath features California river stones, a double Jacuzzi, dual rain showerheads, and a striking waterfall feature. The third bedroom, equally suited to a home office, enjoys a wall of windows, its own skylight, a marble bath with European steam shower, and direct access to a landscaped terrace with open northern views. The elevator also provides access directly to the upper-floor landing. Quiet central air conditioning (new equipment), washer and dryer, video intercom, and terrace irrigation systems round out the conveniences. The renovation reflects an earlier design sensibility, but the apartment is in excellent condition. Its appeal lies less in chasing the newest fashion than in the enduring virtues of space, light, privacy, and distinctive architecture. At $4,695,000-approximately $1,466 per square foot-this is an especially compelling opportunity in the Tribeca penthouse market. For a buyer who values substance over novelty, the combination of scale, outdoor space, quiet surroundings, and competitive pricing deserves a close look. White-by-Cortlandt may be one of downtown's last authentic urban sites, but its restaurants, galleries, shops, and transportation are close at hand. The neighborhood is evolving; its character remains intact. Some homes advertise themselves loudly. This one rewards the buyer who knows where to look. Sponsor sale. Purchaser responsible for transfer taxes.
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| Jun 2, 2025 | Price Decreased |
$4,990,000
↓ $200K
(3.9%) | |
| Price Decreased | |||
| May 21, 2025 | Price Decreased |
$5,190,000
↓ $60K
(1.1%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$5,250,000
↓ $400K
(7.1%) | |
| Price Decreased | |||
| May 1, 2025 | Price Decreased |
$5,650,000
↓ $200K
(3.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/12/2024
|
2 Bed
|
2 Bath
|
2000 ft²
|
$3,295,000
2 Bed
2 Bath
2000 ft²
|
$3,162,500
-4.02%
02/28/2025
|
Richard Orenstein
Halstead Property, LLC
| |
|
09/24/2021
|
2 Bed
|
1 Bath
|
1913 ft²
|
$2,598,000
2 Bed
1 Bath
1913 ft²
|
$2,598,000
12/14/2021
|
Sandra Balan
The Corcoran Group
| |
|
09/02/2017
| |
3 Bed
|
5 Bath
|
-
|
-
3 Bed
5 Bath
|
-
-
|
-
|
|
06/15/2017
|
3 Bed
|
2 Bath
|
1850 ft²
|
-
3 Bed
2 Bath
1850 ft²
|
-
-
|
Deirdre De Risi
Compass
| |
|
03/23/2017
|
2 Bed
|
2 Bath
|
2134 ft²
|
$2,995,000
2 Bed
2 Bath
2134 ft²
|
$2,425,000
-19.03%
01/09/2018
|
Jordana Kosow
Warburg Realty Partnership, Ltd.
| |
|
04/19/2016
|
3 Bed
|
3 Bath
|
3202 ft²
|
$4,995,000
3 Bed
3 Bath
3202 ft²
|
-
-
|
Siim M. Hanja
Brown Harris Stevens
| |
|
04/14/2015
|
3 Bed
|
2 Bath
|
2155 ft²
|
$3,000,000
3 Bed
2 Bath
2155 ft²
|
$3,000,000
02/05/2021
|
Brant Rosenberg
Halstead Property, LLC
| |
|
03/12/2014
|
3 Bed
|
2 Bath
|
2155 ft²
|
$2,750,000
3 Bed
2 Bath
2155 ft²
|
-
-
|
Brant Rosenberg
Halstead Property, LLC
| |
|
02/12/2010
|
2 Bed
|
2.5 Bath
|
1850 ft²
|
$2,400,000
2 Bed
2.5 Bath
1850 ft²
|
-
-
|
Dimitrios Skretas
Elliman
|
Building Info
- 11 Units
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017