Property profile

40 Broad St 2 New York, NY 10004

OFF-MARKET
Retail space
Property ID
US63-2560534
7,903 SF Built 1982
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office condominium, located at 40 Broad Street in New York City's Financial District, offers 8,400 to 14,592 square feet of exquisitely designed space. Built in 1984 and renovated in 2011, this Class A building boasts a high-end existing law firm installation with an efficient layout and wide column spacing. The entire 7th floor is available for sale, ideal for law and financial firms, non-profits, or medical users. Situated at the base of a luxury residential tower, the commercial section enjoys a separate dedicated entrance. Benefit from a prime location steps from the New York Stock Exchange, with nearly 50,000 pedestrians passing daily. The building is in the heart of the rapidly evolving Financial District, surrounded by new residential projects and experiential retail. Enjoy nearby amenities including Equinox and Lifetime Fitness, major food halls, and renowned restaurants. The space features 10'6" high ceilings, multiple windows providing abundant natural light, and a modern attended lobby with two passenger elevators and one freight elevator. Its close proximity to Wall Street, Fulton Street, the World Trade Center, and Brookfield Place offers easy access to numerous subway lines, the PATH train, and several ferry lines. The asking price is $5,880,000, with a price per square foot of $700.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Total area 7,903 SF
Zoning code C5-5
APN 00024-1002
UPID US63-2560534

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Location

40 Broad St, Unit 2 New York, NY 10004-2315
New York metro Census 900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2024
Last sale
$18.0M
4 recorded transactions
2024
$18.0M
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C5-5 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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