$28,000,000
Updated 7 years ago
Off Market
47 Broadway
Financial District, Manhattan | Morris Street & Exchange Place
24,170 Square FeetMixed Use
$28,000,000
floors5
Lot Size26'3"x191'
Built Size26'3" wide
ZoneC5-5
Building TypeLow-Rise
RE Taxes$258,452
Price Per SF
$1,158
Building Amenities
- Voice Intercom
Property Description for 47 Broadway
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 47 Broadway (aka 23 Trinity Place), a 5-story mixed-use block-through building located on Broadway and Trinity Place between Morris Street and Exchange Place. There are three very successful and long-term retailers in place including the iconic T.G.I. Friday’s, China Chalet, and El Torro Tees souvenir shop. The tenants operate on the lower level, ground, and second floor generating approximately $1.3 Million per year in gross rental income (including reimbursements for taxes and water). Floors three and above will be delivered vacant offering an investor the rare opportunity to reposition the building into either a commercial or residential use above, while enjoying significant income from time tested retailers. The property is surrounded by every major subway line and walking distance from half a dozen subway stations and the best the area has to offer including: Battery Park, ferries to Ellis Island and the Statue of Liberty, the all-new Seaport District, 9/11 Memorial and Westfield Mall at the World Trade Center, and so much more.
Building Details for 47 Broadway
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors5
Transit and Citi Bike
Subway
Rector St
0.05 miles
Rector St
0.08 miles
Wall St
0.09 miles
Broad St
0.1 miles
Bowling Green
0.13 miles
Citi Bike
Broadway & Morris St
0.05 miles
Greenwich St & Rector St
0.12 miles
Ferry
Wall St/Pier 11
0.43 miles
Financial District | Manhattan
Quick Profile
The Financial District (FiDi) today is a bit of a hybrid neighborhood, as the residential component continues to grow in an area that has been historically dominated by the financial and insurance industries. The residential experiment, which began more than two decades ago, continues to evolve in an area with a large concentration of older, large office buildings. Developers have taken to these aged buildings and have re-positioned them as residential properties. In turn, the public spaces, services and retail establishments needed for a thriving residential neighborhood have followed making this an important destination for city residents.
Since 2000, the residential population of the Financial District has nearly tripled in size from about 23,000 residents to more than 60,000 inhabitants. Many of the residential pioneers to FiDi were people attracted to the lower rents in the neighborhood, particularly the post-collegiate crowd. While the millennials still maintain a large footprint here, there are plenty of families that now consider the Wall Street area home.
Many of those that live in the Financial District walk to work. If you reside here and need to commute elsewhere, the transportation from here is about as good as it gets. Express trains can take you to Midtown, either east or west, in twenty minutes. Brooklyn is but a single subway stop away. There are also ferries across to Brooklyn, Queens and Staten Island.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 74323TH
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