Lower Manhattan Office Condo for Sale

Found along the southwest corner of Greenwich and Rector Streets there is an available Lower Manhattan Office Condo for Sale. This expansive commercial condo spans over three floors of space with a total size of 43,564 SF. Divided over three floors, the condo herein includes the Lower Level, Ground Floor, and the Entire 2^nd Floor.

The second floor today consists of (10) private offices that run along the perimeter of the building with the majority of which being found overlooking Washington Street. There are also (8) breakout rooms internally which can be utilized as private offices instead. The remainder of the space is dedicated to support staff areas that include both the reception desk plus a large open work area that stretches end to end along the building’s south side.  

The ground floor consists of two separate entrances (Rector and Greenwich); the larger unit spans 1,943 SF. and offers outstanding frontage along two sides of the building. While the other unit offers 1,132 SF. of ground floor commercial space. Each of the two units offers direct access via dedicated elevators with the addition of staircases in the larger ground floor space.

The lower level runs from north to south along Greenwich Street and is configured into a number of partitioned areas and private offices. Where there are no partitions the space enjoys an open layout with access to both stairs and a elevator. Staff restrooms can be found here as well allowing helping to round out the function of the unit.

This large Art Deco style commercial property offers an owner a number of advantages that range from the building’s efficient floor plates, all of which feature high ceilings being complimented by three sides by full-length ceiling windows.

This commercial condo has the capacity to host large function operations that can range from a museum, foundation, medical practitioner or as a company headquarters.

The building property is centrally located downtown surrounded by the Financial District and TriBeCa.

Located in the heart of New York’s dynamic new Downtown, this modern, art-deco inspired property offers users the opportunity to occupy space in one of the most sought after markets in Manhattan. Unprecedented growth in the commercial, retail, and hospitality sectors has accompanied the booming residential market in the area.

Steps away from Wall Street and Battery Park, this distinct New York City area has evolved into a premier residential neighborhood. Downtown Manhattan is experiencing a major redevelopment renaissance, which will dramatically impact the already highly desirable neighborhood for residential use and businesses alike.

With 25 feet of frontage on Greenwich Street, this prime location provides retailers with excellent visibility.

The tower, located at the corner of Rector Street, was built in 1929 and renovated into luxury residences in 2007.

Formally occupied by The 9/11 Tribute Center who occupied 32,000 square feet at the property, including the entire second floor with an entrance on the first. The rest of the ground floor was leased to Sauce & Barrel, Coffeed, Yogorino, Petropolis and Dunkin’ Donuts.

Size
Entire 2nd Floor: 33,649 RSF
Ground Floor: 3,075 RSF
Lower Level: 6,840 RSF
Total: 43,564 RSF

Reduced Price: $31,000,000 ($712/RSF)
$25,000,000

Common Charges: $181,076 ($4.16/RSF)
Real Estate Taxes: $388,528 ($8.92/RSF)

Features

• Class A-Building Multifamily (Condo)
• Large Commercial Condo Space for User or Investor
• 43,564 SF. Divided over three floors (2^nd Floor, Ground Floor, Lower Level)
• 13-foot ceilings on the 2nd floor
• Private ground floor lobby with ceiling height of 17’
• (2) Separate Dedicated Entrances
• Unique building-within-a-building with a prominent entrance on Greenwich Street
• Additional separate entrance and dedicated elevator on Rector Street
• Efficient floor plates with high ceilings and three sides of floor-to-ceiling windows
• Modern infrastructure and a dedicated elevator
• The building has excellent access to transportation and is near ten different subway lines
• Unique building-within-a-building with a prominent entrance on Greenwich Street
• Adjacent to the WTC Site
• Tremendous signage opportunity
• The building has excellent access to transportation and is near ten different subway lines
• Rare opportunity for a museum, foundation, medical practitioner or business to own their
  space in the heart of Lower Manhattan and adjacent to the WTC Site

Transit/Subway               

Rector Street - New York MTA Subway

N, R, 1 (just 3 min walk 0.1 mi)

Broad Street

J, M, Z (6 min walk 0.1 mi)

Wall Street

4, 5 (5 min walk 0.2 mi)

Bowling Green

4, 5 (6 min walk 0.3 mi)

Commuter Rail

Flatbush Avenue Station Commuter Rail (West Hempstead Branch, Long Beach Branch, Hempstead Branch, Far Rockaway Branch)

Long Island Rail Road (9 min drive 3.4 mi)

Hoboken Terminal Commuter Rail (North Jersey Coast Line, Morris & Essex Morristown Line, Raritan Valley Line, Bergen County/Port Jervis Line, Montclair-Boonton Line, Pascack Valley Line, Morris & Essex Gladstone Branch, Main/Port Jervis Line)