7,062 square feet at the top of Ralph Walker's 1927 telephone exchange, and what a landmarked envelope actually costs.
100 Barclay is the old Barclay-Vesey building, Ralph Walker's 1927 art deco telephone exchange, converted to residences with the lower floors still doing the work they were built for.
It is one of the few conversions in Manhattan where the architecture was already the point before anybody thought about apartments.
The crown is the top of it: 7,062 square feet, 5 bedrooms, at 25,950,000 USD. That is roughly 3,675 dollars a foot, which for a full-floor penthouse in a landmarked Tribeca building is not the number most people would guess.
Manhattan pricing rewards new towers with amenity decks. It undervalues buildings that were extraordinary before the amenity deck was invented.
What a Landmark Costs You
A landmarked envelope means the windows are the windows, the facade is the facade, and anything you want to change on the outside goes through a commission. Buyers who intend to renovate should establish what is protected before they offer, not after.
What you get in return is the guarantee that the building will look like this in 40 years, which is not true of the glass towers it competes with.
Offered at 25,950,000 USD through the listing agent.