Property summary
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
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Law Firm
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C5-5 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning