Live-Work Condominium in Landmark
55 Wall Street New York, NY 10005
55 Wall Street, New York, NY, 10005
Contact for pricing
For Sale
Contact for pricing
Three-bedroom, three-and-a-half-bath residence with in-unit washer/dryer and full-time doorman/24-hour concierge service.
Property Size2,051 SF
Price / SF$875.18
Days on Market91
Property Features for 55 Wall Street
General Information
- Standard status
- Active
- Size
- 2,051 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1842
Listing agency
5 Boro Realty Corp
(917) 763-0331
Listed by
Gabrielle Winters · License #10401353795
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 10:16AM Checked: Jul 22 at 10:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
Residence 530 at Cipriani Residences offers a flexible live-work layout within an iconic landmark building. The condominium features three bedrooms and three and a half bathrooms, with high ceilings and large living and dining areas suited to both personal and professional use. The chef’s kitchen includes custom cabinetry, premium appliances, generous counter space, and a statement island. Each bedroom has an en-suite bathroom, and there is also a powder room. For convenience, the unit includes an in-unit washer and dryer.
Located at 55 Wall Street in Downtown Manhattan’s Financial District, the residence is described as the last grandfathered-in commercial space, providing commercial flexibility alongside residential living. The building is presented as full-service, with a full-time doorman, 24-hour concierge, fitness center, and resident lounge. The offering also notes proximity to transportation and waterfront access.
This is presented for sale as a condominium within a restored landmark building, with the stated flexibility to be used as a primary residence, professional office, or a seamless live/work environment.
Located at 55 Wall Street in Downtown Manhattan’s Financial District, the residence is described as the last grandfathered-in commercial space, providing commercial flexibility alongside residential living. The building is presented as full-service, with a full-time doorman, 24-hour concierge, fitness center, and resident lounge. The offering also notes proximity to transportation and waterfront access.
This is presented for sale as a condominium within a restored landmark building, with the stated flexibility to be used as a primary residence, professional office, or a seamless live/work environment.
Key Highlights
- 3‑bedroom, 3.5‑bath condominium at Cipriani Residences, 55 Wall Street
- Includes in‑unit washer/dryer and a full‑time doorman plus 24‑hour concierge service
- Each bedroom has an en‑suite bathroom, plus an additional powder room
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.1k | $60.00 |
| − Vacancy | −$18.5k | −$9.00 |
| EGI | $104.6k | $51.00 |
| − OpEx | −$39.2k | −$19.13 |
| NOI | $65.4k | $31.88 |
2,051 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$933.9K
$817.2K – $1.09M
NOI $65,376 @ 7.0% cap · market cap 3.64%
Second Best
Office B
$917.5K
$802.8K – $1.07M
NOI $64,222 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.96M
NOI $357,366 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Three-bedroom, three-and-a-half-bath residence with in-unit washer/dryer and full-time doorman/24-hour concierge service.
Where is this live-work space located?
The property is located at 55 Wall Street New York, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 3‑bedroom, 3.5‑bath condominium at Cipriani Residences, 55 Wall Street; Includes in‑unit washer/dryer and a full‑time doorman plus 24‑hour concierge service; Each bedroom has an en‑suite bathroom, plus an additional powder room
