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Under-the-Radar 52 Lispenard Will Launch Sales This Summer

The combination of the 19th-century buildings at 52-54 Lispenard Street has been keeping a low profile, but no longer. Reps send word that the project is ready for its spotlight, as sales will likely be launching next month. Developer Murat Bugdaycay has created a seven-story building with seven units, ranging from 2,500 to 4,700 square feet with a mix of full-floor lofts, townhouse-style units, and a triplex duplex penthouse. The marketing team shared a few construction photos, which show just how tall the windows and ceilings are—some rise 25 feet. Prices will be $3.25 million to $13 million, which is higher than the previously reported $2 to $7 million, and the building should be ready for occupancy by the end of the year.

The buildings are located within the Tribeca East Historic District, and the project includes re-creating restoring many of the original cast iron details on the facade of no. 54. No. 52 is also receiving a three-story addition (to replace three stories lost in a fire) that the Landmarks Preservation Commission praised as a "worthy riff on cast iron," and the full facade is being reworked to better relate to that of its neighbor. Originally, Bugdaycay wanted to completely demolish no. 52 and build something glassy and modern, but LPC quickly nipped that plan in the bud.
· 52 Lispenard [official]
· 52-54 Lispenard Decides Not to Demo, Wins OK from LPC [Curbed]
· Pricing, New Rendering Revealed for Tribeca's 52 Lispenard [Curbed]