Financial District | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
By using this form you agree with the storage and handling of your data by this website.

Financial District

Financial District
New York, NY 10005

Financial District, also known as FiDi, is a neighborhood on the southern tip of Manhattan. Investment banks, the New York Stock Exchange, and the Federal Reserve Bank of New York, are located there. It is the site of Dutch settlement and has undergone successive transformations of population and urban use since the 17th century. FiDi has become more of a residential neighborhood in contrast to its strictly business character before the 2000s, when it would become deserted at the end of the business day. Precipitated by a recession in the early 1990s, developers converted millions of square feet of commercial space to residential. FiDi condominium-conversions include 40 Pine Street, where condos were carved out of the former offices of Chase Manhattan offices and 15 Broad Street, which Lev Leviev and Shaya Boymelgreen converted to 382 condos from the old JPMorgan Chase headquarters. The New York by Gehry at 8 Spruce Street rises 870 feet and has 898 rentals. Commercial development has also continued, before and after the September 11, 2001 terrorist attacks. Goldman Sachs opened a 43-story headquarters at 200 West Street in 2009 and Silverstein Properties is developing the new World Trade Center complex, including One World Trade Center, on the site of the former Twin Towers. Cond_ Nast, the publisher of Vogue and The New Yorker, has moved into 1 million-square-feet of space at 1WTC, and other media and advertising firms are following suit and moving downtown. -TA

  • Address Financial District
  • neighborhood Financial District
  • borough Manhattan

10/19/18
...operates a 42,000-square-foot space in Gowanus and a Financial District office space at 60 Broad Street, among other locations...

10/16/18
...is relocating to Fosun's 28 Liberty Street in the Financial District, sources told The Real Deal. The firm will take 57,000 square feet on the tower's...

10/12/18
...the landlord in house. 9) Spotify, 4 World Trade Center, Financial District - 86,000 square feet The music streaming service expanded its 15-year lease for 86,000 square feet...

10/12/18
...The average price of a home in the Financial District dropped by 51 percent year over year to $1.2 million in the third quarter. Prices declined...

10/11/18
...Street, a roughly 450-unit prewar condo in the Financial District that was co-developed by Buttonwood Real Estate and Thor Equities in 2007, many of the...

10/10/18
...International is reportedly looking to sell its 60-story Financial District tower 28 Liberty for an eye-watering $1.6 billion. The Chinese industrial conglomerate bought the tower for...

10/01/18
...York Mellon has purchased 101 Barclay Street in the Financial District for $352 million, according to property records. The company acquired the ground lease for the...

10/01/18
...New York City offices from Midtown to the Financial District, sources told The Real Deal. The stock exchange is taking roughly 70,000 square feet on...

...Street, a roughly 450-unit prewar condo in the Financial District that was co-developed by Buttonwood Real Estate and Thor Equities in 2007, many of the...

10/01/18
...nearly 80,000-square-foot expansion at 85 Broad Street in the Financial District, where it’s launching its “WeWork Wellness” gym. The company, which is backed by...

09/26/18
...new lease for its own headquarters in the Financial District. The company will move to the 36,550-square-foot space at 375 Pearl Street in mid-2019. — Meenal...

09/20/18
...developed the 50-story, 492-room hotel in Manhattan’s Financial District with Sam Chang and took control of the property in 2014. The hotel has an...

09/19/18
...-square-foot headquarters and a satellite office in the Financial District. “The economies of scale will be a win-win for everyone,”  company Vice President Oded...

09/19/18
...completed Moxy Hotel at 143 Fulton Street in the Financial District, replacing its $61 million construction loan from Bank of the Ozarks. The 30-story, 298-room tower...

09/15/18
...push through the $148 million sale of a large Financial District development site at 111 Washington Street for less than he thought it was worth. And...

09/14/18
...new apartment developments. Lower Manhattan’s 10005 -- the Financial District -- tied for second place with Manayunk, Pa., for the largest shares of Millennials...

09/11/18
...are, they proved to be right." Beyond the Financial District...

...-square-foot headquarters and a satellite office in the Financial District. “The economies of scale will be a win-win for everyone,”  company Vice President Oded...

08/08/18
...for a newly completed Moxy Hotel in the Financial District. The property, at 143 Fulton Street between Broadway and Nassau Street, is a 30-story tower...

08/07/18
...s landlord, Paramount Group. 7) Wolters Kluwer, 28 Liberty Street, Financial District - 130,000 square feet The publisher signed a lease for 130,000 square feet of office space...

07/31/18
...-story apartment building in at 185 Broadway in the Financial District. —David Jeans...

07/31/18
...at its 483-unit 19 Dutch rental building in the Financial District. The Crown Heights property appears to be the first Brooklyn purchase for the San...

07/31/18
...to build a 35-story apartment building in the Financial District. The real estate investment trust pre-filed permits for 185 Broadway, calling for 279 apartments across 164,600 square...

07/30/18
...New York City office at 55 Broadway in the Financial District. The offices appear to be the former headquarters of project-management company Trello, which Atlassian...

07/30/18
...months after it inked a lease in the Financial District office tower for 95,000 square feet. The company is taking the full, 30,810-square-foot 28th floor...

...has at least six addresses across Manhattan’s Financial District, Chelsea and Hudson Yards neighborhoods that are currently receiving the 421a benefit and four...

...years ago to renew its focus on the Financial District, President Danny Hedaya said business is strong despite a slip in listings from 2015, which...

HPDM
01/06/16
...Downtown saw the most new development activity and Financial District home sales reached a record high. Residential New development 2015 year-end report: Halstead Property Development...

...end game. Leibowitz is in talks with one Financial District landlord about the possibility of repositioning a rental building for condo conversion. He believes...

10/22/15
...for Trinity Real Estate's 74 Trinity Place in the Financial District, where a 25-story, 300,000-square-foot residential and office tower is set to rise. The New...

...years, according to Corcoran Sunshine data, while the Financial District, with roughly 2,000 units, is “coming back with a vengeance,” said Mack. Midtown East and...

...in its purchase of 32 Old Slip in the Financial District for $478 million, and Murray Hill Properties’ and Clarion Partners’ acquisition of nearby 180 Maiden Lane...

08/04/15
...rise with 163 units at 34 Park Row in the Financial District. Joseph Moinian (who just built the largest residential rental tower in New York by...

...said President Danny Hedaya. “We started in the Financial District and that’s where we want to focus our attention.” Platinum snagged $41.3 million worth...

...nine projects. Town handled leasing on three large Financial District rental properties developed by DTH Capital and the late Ronny Bruckner, with another 200 units...

...has been likened to the high-density Canary Wharf financial district in London, has been underway for 20 years and contains some of Europe’s tallest...

...in 2012, set a price-per-square-foot sales record for the Financial District, according to Jonathan Miller, head of appraisal firm Miller Samuel. A single buyer bought...

...Lower Manhattan, it’s a big number. “The Financial District will always be a discount,” one insider said. The site, which has 360,000 square feet...

...last month, Elliman had 62 sales listings in the Financial District, or 36 percent of the total inventory in the neighborhood. By contrast, Corcoran had only...

...Plaza and 100 Broadway True to its name, the Financial District was historically the center of business in New York City. But when it comes...

...a 900-unit rental at 8 Spruce Street in the Financial District. Elliman is another firm swallowing up other companies. It purchased Bellmarc Property Management in...

...square feet at 1 New York Plaza in the Financial District. (The building was later hit by Hurricane Sandy and remained closed for several weeks...

...find space that works for them in the Financial District,” he said. The Downtown market was the only one to see a decline in...

...business runs the gamut from Harlem to the Financial District and from co-ops to new-construction condos. Indeed, it appears to be Core’s handling...

...Beaver House, a 47-story luxury tower in the Financial District; a stake in 11 Madison Avenue, a fully occupied Art Deco office tower; 737 Park Avenue...

...started doing deals at 15 Broad Street before the Financial District tower was built, flipping contracts for the developer. Then he moved into the building...

...far below the $37.68-per-square-foot asking rent in the Financial District submarket. Slone also said the free rent the building provided was in line with...

(Click chart below to view larger PDF)...

...only buyer to get a deal in the Financial District in the early 1990s. At the time, the area was pocked with vacancies, and...

...Water Street, a 576-unit Rockrose conversion in the Financial District, 15 percent of the current renters hail from the outer boroughs, "mostly Brooklyn," said Kathleen...
To see all, go to Advanced Search

Platinum Properties
...The average price for apartments in the Financial District reached nearly $1.3 million. On the rental side, prices dropped an average of 34 percent from...

Platinum Properties
...The Financial District saw record high prices in 2015 and a decrease in asking price discounts. Blended sales...

...Rents in the Financial District exceeded $4,000 for the first time, and grew 6 percent from the second quarter. Another notable...

Ariel Property Advisors
...accounted for 47 percent of all relocations to the Financial District between Q1 2011 and Q1 2015, and are driving up demand for Class A office space...

http://www.platinumpropertiesnyc.com/files/fdireports/Q12015.pdf
...Sales of Financial District apartments were stable in Q2 of 2015, although prices fell from the first quarter. The...

...First quarter sales in the Financial District fared well, with prices averaging $1.3 million, an 18 percent year-over-year increase, according to a quarterly...

...quarter of 2015 were in Downtown Manhattan, and the Financial District was the most active neighborhood in the borough.  Nearly 300 units closed or were in...

...exceeded $1 million for the first time in the Financial District. Sales for a FiDi apartment averaged $1.1 million in 2014,  a 10.3 percent increase from the previous...

MNS
...from December. Cost increases were highest in the Financial District and SoHo, where rent increased 13 percent to $4,322. View the full report online here. January...