About the Building

New York City Landmark Property

The Vesey Street building, a New York City landmark, is the work of Cass Gilbert, the architect who designed the U.S. Supreme Court. William Cromwell selected 14 Vesey Street for the NYCLA as it was directly across the street from Saint Paul’s chapel, resulting in protected and immaculate views.

The Downtown Manhattan office market has grown into a choice destination for companies. With relatively affordable rents and access to premier amenities including an abundance of world-class dining options, the neighborhood continues to attract new tenants. Averaging over 5% rent growth over the past 10 years, the neighborhood has benefited from an influx of TAMI (technology, advertising, marketing, and information) tenants in recent years. Some of the larger tenants to sign recent leases nearby include Diageo North America, McKinsey & Company, VOX Media, Hudson River Trading, Nielsen, and Omnicon Media Group. Situated a few minutes' walk west of 14 Vesey Street, One World Trade Center has helped transcend the neighborhood. One of the tallest buildings in the world and rising 94 stories, the building has attracted world-class tenants and is anchored by the Conde Nast Publications global headquarters. Other tenants at the property include The Stagwell Group, MDC Partners, OLO, Servcorp, Carta, DAZN News and Ground Truth. 14 Vesey Street is well situated to be reconfigured as a boutique office building that can be multi- tenanted or can serve as a single-tenant headquarters in the heart of Downtown Manhattan.

C5 is a central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region. Famous shopping streets, such as Fifth Avenue, Madison Avenue and East 57th Street are C5 districts. Parts of Lower Manhattan, Downtown Brooklyn and Long Island City are also within C5 districts. Department stores, large office buildings, and mixed buildings with residential space above office or commercial floors, are typical C5 uses. Use Groups 5 (hotels), 6, 9 and 10 (retail shops and business services) and 11 (custom manufacturing) are permitted in C5 districts. Home maintenance services, auto rental establishments and other uses not in character with the district, including illuminated signs, are not permitted. The maximum commercial floor area ratio (FAR) ranges from 4.0 to 15.0, and the maximum residential FAR is 10.0. Floor area may be increased by a bonus for a public plaza or Inclusionary Housing.

In the two contextual C5 districts—C5-1A and C5-2A—residential bulk and density are governed by R10A regulations. In non-contextual C5-2 through C5-5 districts, a building occupied by commercial, residential and/or community facility uses may be configured as a tower. A residential tower is also allowed in C5-1 districts. All commercial uses in C5 districts are exempt from off-street parking requirements because public transportation is easily accessible.