72 Wall Street | TRD Research
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72 Wall Street

72 Wall Street
New York, NY 10005
646-881-6965
Retail, Leasing/Rental

This property is a new development. The developer(s) filed plans in October of 2016 to build a 247,447-square-foot building at 72 Wall Street in the Financial District neighborhood of Manhattan. The plans call for an occupancy classification of B - BUSINESS. The building’s job has been filed.

  • Address 72 Wall Street
  • neighborhood Financial District
  • borough Manhattan
  • owner entity BEST WORKS HOLDINGS LLC
  • architect Greenberg Farrow Architecture
  • PLANS DISCLOSED 10/27/2016
  • DOB FILE PLANS 10/27/2016
  • DOB FILE Link
  • height in feet 124
  • floors 18
  • residential units 0
  • total units 2
  • square feet 247,447
  • const. status JOB FILED
  • block and lot 1-00040-7501
  • BIN 1001003
  • Event Sales
  • Address 72 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 6,100
  • Price $ 14,500,000
  • Price per foot $ 2,377.05
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 Young Woo & Associates
  • Party 2 Best Work Holdings
notes
The retail space at the building sold for $14.5 million, the International Business Times reported. Young Woo purchased the property and 70 Pine Street for $150 million in 2009 from American International Realty Corp.
  • Event Sales
  • Building Name 70 Pine Street and 72 Wall Street
  • Address 72 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,400,000
  • Price $ 140,000,000
  • Price per foot $ 100.00
  • Publication Date 07/01/2009
  • Event Date 05/22/2009
  • Party 1 American International Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 Young Woo & Associates, Kumho Investment Bank
notes
The partnership reportedly submitted the winning bid for the properties, amounting to approximately $140 million, or $100 per square foot. The buyers have a mixed-use proposal for the buildings, which are connected by a skyway.
  • Event Sales
  • Address 70 Pine Street 72 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 140,000,000
  • Publication Date 07/01/2009
  • Event Date 05/17/2009
  • Party 1 American International Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, Bill Shanahan
  • Party 2 Youngwoo & Associates, Kumho Investment Bank

11/30/2009
Still, there are a few deals today that stand out as relative bargains even without a rearview mirror, including developer Youngwoo & Associates’ purchase of AIG’s two buildings -- 70 Pine Street and 72 Wall Street -- for $150 million, or $105 a foot; and George Comfort & Sons’ buy of Worldwide Plaza, which closed for $590 million last summer, after last selling for $1.8 billion in 2007...