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40 Wall Street

40 Wall Street
New York, NY 10005
(212) 841-7559
Website
Office, Leasing/Rental

This 72-story tower in Manhattan's Financial District is one of the most recognizable buildings on Wall Street. Built in 1931 and designed by famed architects H. Craig Severance and Yasuo Matsui, it was once the world's tallest building. Today it is one of the crown jewels of Donald Trump's portfolio.

Over the years, the building has been a lightning rod, almost literally. It was hit by a U.S. Coast Guard plane in 1946. It was owned once by ousted Philippine president Ferdinand Marcos. In Trump bought it in 1995 for an unknown price through a complex lease. He renamed it the Trump Building, with initial plans to have it be mixed-use. It has remained entirely commercial, however, and has been given designated landmark status by New York City.

George Ross, Trump's senior counsel, has called the deal "the best I've seen," but Trump has had to reposition the tower twice, offering up low-rent leases and other incentives to draw in tenants. The building has suffered years of vacancy, but over time Trump has put more than $200 million into the tower. He hoped to sell it in 2003, but he found no takers. Today it is home to a number of financial services firms, as well as corporate offices for Duane Reade and other companies.

-NR

  • Address 40 Wall Street
  • neighborhood Financial District
  • borough Manhattan
  • owner Trump Organization
  • owner entity 40 WALL STREET HOLDIN
  • sales/marketing Cushman & Wakefield, Jeffrey Lichtenberg, Frank Cento, Scott Silverstein, Peter Cento
  • Year Built 1931
  • square feet 1,061,266
  • block and lot 1-00043-0002
  • BIN 1001018
  • Event Retail Leasing
  • Address 25 Pine Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 38,825
notes
The school signed a sublease for the entire 4th floor.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 46,175
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Frank Cento, Scott Silverstein
  • Party 2 Hadassah, Women's Zionist Organization of America
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker David Green, Carri Lyon, Jon Herman
notes
The nonprofit signed a 20-year lease for the entire eighth floor and part of the seventh floor.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 46,175
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Frank Cento, Scott Silverstein
  • Party 2 Hadassah, Women's Zionist Organization of America
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker David Green, Carri Lyon, Jon Herman
notes
The nonprofit signed a 20-year lease for the entire eighth floor and part of the seventh floor.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,488
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 2 Paulson Investment Company
  • Party 2 Brokerage HelmsleySpear, Magee Realty Consultants
  • Party 2 Broker Gregg Slotnick
notes
The financial services firm signed a five-year lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,488
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 2 Paulson Investment Company
  • Party 2 Brokerage HelmsleySpear, Magee Realty Consultants
  • Party 2 Broker Gregg Slotnick
notes
The financial services firm signed a five-year lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 55,000
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Jared Horowitz
  • Party 2 Duane Reade
notes
The drugstore operator signed an office lease for its headquarters, the New York Observer reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 36,490
  • Price per foot $ 35.00
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Jared Horowitz
  • Party 2 First Investors Management Company
notes
The financial services firm signed a lease, the New York Observer reported. The tenant is relocating from 110 Wall Street.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 55,000
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Jared Horowitz
  • Party 2 Duane Reade
notes
The drugstore operator signed an office lease for its headquarters, the New York Observer reported.
  • Event Retail Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 25,000
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Jeffrey Lichtenberg, Jared Horowitz
  • Party 2 Duane Reade
notes
The drugstore signed a retail lease, the New York Observer reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 36,490
  • Price per foot $ 35.00
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Trump Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Janice Lichtenberg, Jared Horowitz
  • Party 2 First Investors Management Company
notes
The financial services firm signed a lease, the New York Observer reported. The tenant is relocating from 110 Wall Street.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,000
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 2 PiYi Investment Limited
  • Party 2 Brokerage UGL Equis
  • Party 2 Broker Chase MacLeod
notes
The financial services company signed a 10-year, five-month lease for the entire 52nd floor. Gary Goodman and Andrew Weiner of SNR Denton provided legal counsel to the tenant.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,000
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 2 PiYi Investment Limited
  • Party 2 Brokerage UGL Equis
  • Party 2 Broker Chase MacLeod
notes
The financial services company signed a 10-year, five-month lease for the entire 52nd floor. Gary Goodman and Andrew Weiner of SNR Denton provided legal counsel to the tenant.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,377
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 40 Wall Street
  • Party 2 Real Estate Resource Group
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ilan Hoffman
notes
The real estate services firm signed a five-year lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 36,921
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Jared Horowitz, Janice Lichtenberg, Andrew Peretz
  • Party 2 Harry Fox Agency
  • Party 2 Brokerage Savills Studley
notes
The music licensing and rights management firm signed a lease to relocate to another building, GlobeSt.com reported. The tenant was previously located at the Starrett-Lehigh Building at 601 West 26th Street.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,377
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 40 Wall Street
  • Party 2 Real Estate Resource Group
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ilan Hoffman
notes
The real estate services firm signed a five-year lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 36,921
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Jared Horowitz, Janice Lichtenberg, Andrew Peretz
  • Party 2 Harry Fox Agency
  • Party 2 Brokerage Savills Studley
notes
The music licensing and rights management firm signed a lease to relocate to another building, GlobeSt.com reported. The tenant was previously located at the Starrett-Lehigh Building at 601 West 26th Street.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,616
notes
The real estate company signed a lease on the 31st floor.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,433
notes
The real estate law firm signed a lease on the 30th floor, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 20,000
notes
The engineering firm signed a lease for part of the 23rd floor, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 61,082
notes
The engineering firm signed a lease on the entire 18th and 19th floors, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,616
notes
The real estate company signed a lease on the 31st floor.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,433
notes
The real estate law firm signed a lease on the 30th floor, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 20,000
notes
The engineering firm signed a lease for part of the 23rd floor, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 61,082
notes
The engineering firm signed a lease on the entire 18th and 19th floors, the New York Post reported.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 12,068
notes
The investment and financial management company signed a lease for part of the 15th floor.
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10/31/2011
Huron declined to comment, other than to confirm it was moving to 40 Wall Street (where it will open an office in January) and it had placed its current Sixth Avenue space on the sublease market...

11/30/2009
Perhaps the most striking discount during that recession was at 40 Wall Street, a 72-story tower capped with a verdigris pyramid that was briefly the world’s tallest building...