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    OFF-MARKET
    Retail space

    40 Broad St 2, New York, NY 10004-2315

    7,903 SF Built 1982
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2560534
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jaffe Glenn Law Group Law Firm
    • Advogados Dos Brasileiros em NY Law Firm
    • Virginia & Ambinder, LLP Law Firm
    • Abogados De Los Colombianos En NY Law Firm
    • The Law Office of Joel J. Turney, LLC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Al 40 Broad Realty LLC · 1 yrs held
    Al 40 Broad Realty LLC
    since 2024
    Last sale
    $18.0M
    4 recorded transactions
    2024
    $18.0M
    2009
    1969
    1969
    Zoning & alternative use
    C5-5 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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