The cobblestone streets of New York City’s Tribeca offer a respite from the corporate offices and tourist hubs of the nearby Financial District and Chinatown. In the 1970s, artists found the same kind of solace for their work in the neighborhood’s spacious lofts, thanks to the A.I.R. (Artists in Residence) program that took advantage of Tribeca’s expiration as a manufacturing and food-processing district, refashioning warehouses into living and studio quarters.
Empty warehouses that once homed (at subsidy) famous icons like sculptor Richard Serra and painter James Rosenquist are now where A-listers like Jake Gyllenhaal and Jennifer Lawrence are signing for multi-million dollar lofts. Once a bleak land for the Upper East Side socialite, Tribeca is now the priciest neighborhood in the city, with median sales at $4.68 million, according to Property Shark.
Perched on top of Tribeca’s 44 Lispenard Street you’ll find a loft for almost double that—$8 million, listed by Corcoran Group. Just down the street is a shop flagged by a kitschy barber’s pole, an antique and military clothing store is right around the corner. The 3,000-square-foot, three-level penthouse in number 44, fitted with a private outdoor shower, a floating staircase, and three expansive patios, sits in that same eclectic neighborhood, capitalizing on vertical space.
Despite being in a city tight on room, with 8.5 million people constricting every livable inch, nothing inhibits this loft. And this is all happening at the top of a historic, landmarked building. Evidenced by the loft’s consistent adherence to minimalist ideals, culture is never sacrificed for novelty—in true New York City style.