20 Pine: The Collection

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20 Pine Street, New York City, NY


20 Pine: The Collection
20PineTheCollectionNYC.jpg

The distinctive neo-classical construction rises above the square below
Building Information
Developer Morgan Guaranty Trust Company
Architect Graham, Anderson, Probst & White
Number of Units 409
Number of Floors 35
Year Built 1928
Construction Method Concrete
Type of Roof PMR
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20 Pine Street, New York City, NY
Distance to Public Transit Private Subway access
Region New York City
Municipality New York City
Zoning C5-5
Title of Land Condominium


Contents

Background

20 Pine: The Collection is located in the heart of New York City's bustling financial district, allowing residents to live at the core of the global economy. Constructed in 1928, this former office building offers residents incredible convenience (both because of location and a private subway entrance for residents) and luxury (some of the best amenities in the city).

This aesthetically unique structure (neo-classical architecture, with gargoyles) has allowed 20 Pine: The Collection has become both an iconic residential structure in New York's downtown core and its residences a status-symbol.[1]

Location

The core of global capitalism, New York's Financial District, is more often considered a haven of day-traders, a collection of office buildings, rather than a residential community. Despite this reputation, the reality is that the urban population of the area is growing quite rapidly.

At the core of this mini-population boom is 20 Pine: The Collection. That this is a heavily trafficked area of the city means that there are plenty of nearby restaurants and a significant number of other community amenities. There are a number of markets local to 20 Pine: The Collection. Additionally, there are a number of museums and historically important churches in the area. Schools and shops are also littered across the Financial District. Perhaps most appealing of all, 20 Pine: The Collection has opened a private subway stop underneath the building, so accessing transit may be the most convenient aspect of living in a building that is, already, in a highly walkable and convenient area of Manhattan.[2][3]

Construction

Originally constructed as the headquarters of Morgan Guaranty Trust Company (JP Morgan before it was JP Morgan), by Graham, Anderson, Probst & White. The neo-classical structure, and gargoyles, help to make this building immediately identifiable. Unlike many modern buildings in the city, this classic 1928 building features a steel structure and an applied masonry facade. Its 25th floor roof-top pool, garden and terrace is a recent upgrade. In 2004, the building was sold to Leviev Boymelgreen. Enlisting the help of architects Gruzen Samton LLP and designers Armani/Casa, the office building would undergo a massive transformation, emerging as a residential condominium with over 400 high-end units spread over its 35 floors.[4]

Layout and Features

There are many units in this building and at the lower levels, there are up to 19 units per floor. Units range in size from studio apartments up to 3 bedrooms. Units are known for their 10 foot ceilings. Even studios offer a good amount of space to residents. Dark wood floors are standard, as are wood cabinetry in the kitchen. High-end appliances and soaking tubs in the bathroom are also available in 20 Pine: The Collection. Some units have terraces. The penthouses feel even more spacious, as they feature 17 foot ceilings. The building offers impressive views of Manhattan, particularly from the 25th floor roof-top pool and terrace.[5]

Floor Plans

Here are a selection of floor plans available in 20 Pine: The Collection

Amenities

20 Pine: The Collection has become known for a number of reasons, not least of all is the incredible level of amenity available in this building. That the building features both a private subway entrance and gargoyles to ward off evil spirits make this an attractive building (okay, maybe less so the latter), but this only scratches the surface of amenities at 20 Pine: The Collection.

Additional amenities include a fitness center which includes both a Turkish bath with a reflecting pool and waterfall and golf simulator. There is a rooftop deck and pool, as well as a billiards room. 20 Pine: The Collection features a library lounge and a lounge in the lobby. Residents on the 25th-35th floor get full concierge service, including complimentary breakfasts. There is a doorman and concierge, storage bins and an additional lap pool.[6][7]

Bylaws

20 Pine: The Collection Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues No


Pets are allowed in this building. Rentals are common. There are no age restrictions in this building. As there are only a few terraces, barbecues are, in effect, not allowed.


Sustainability

The greenest amenity associated with the building is, undoubtedly, the private access to the subway to building residents.

Additionally, the incredible walk-ability of the neighborhood makes green living an option in a building of a vintage that, doing so, might otherwise be considered counter intuitive.

Trivia

  • 20 Pine: The Collection was once home to Morgan Guaranty Trust Company, forerunner to JP Morgan.
  • James Franco movie, The Stare, was filmed at 20 Pine: The Collection and it is also home to Nelson Ellis of the television show True Blood.
  • In 2011, the building launched a unique strategy to sell units in the high-end building, offering comedic takes of the building's amenities in the windows of its lower levels.
  • Since its conversion, this building has been plagued by a series of issues, that have led to troubles selling out the building. These have included significant construction delays surrounding the building amenities, though now completed, caused in part by a falling out by developing partners during development. Additionally, the building has faced a number of court cases, the latest of which is still outstanding, brought against the developers by residents claiming poor construction, noting leaky roofs and windows, as well as poorly constructed walls. The developers settled a probe by the Attorney General of New York looking into poor construction, paying fines of nearly $150,000 to the State of New York and allowing buyers to rescind their purchase contracts, as the developer failed to disclose a report that noted over $5.5 million in defects in the building.[8]

References

  1. City Realty
  2. City Realty
  3. Walk Score
  4. City Realty
  5. Street Easy
  6. New York Bits
  7. City Realty
  8. Curbed - New York


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