$3,800,000
Updated 3 years ago
Off Market

63 Nassau Street

Financial District, Manhattan | Maiden Lane & John Street

4,905 Square FeetDevelopment Site

$3,800,000
floors5
Lot Size22'5"x48'
Built Size22'x48'
ZoneC5-5
Building TypeLow-Rise
RE Taxes$30,469
Price Per SF
$775

Listing Features

  • Architectural Dtls
  • High Ceilings
  • Original Details
  • No AC

Outdoor space and views

  • City Views

Property Description for 63 Nassau Street

Located between John St and Maiden Lane in the Financial District this iconic 5 story building features a 5-story 3-bay Italianate style cast iron facade. Currently vacant, this is an excellent mixed use renovation opportunity. The building is one of the oldest surviving cast iron fronted buildings in the city and one of very few in Lower Manhattan. The third floor still features the 2 original bas-relief medallions of Benjamin Franklin by James Bogardus. This is one of only five known Bogardus buildings in the US. Built in 1844, it was designated a NYC landmark in May 2007. Will be delivered vacant with C5-5 Zoning allowing renovations and improvements to begin immediately. This zoning allows both Residential and Commercial uses. Air rights are also included with a residential FAR of 10.0 and commercial FAR of 15.0. Total buildable SF is 10,650 Residential and 15,967 Commercial. 5-Story walk up. Approx 4905 SF on Floors 1-5. Approximately 1065 SF below Grade. Built in 1844. Landmarked in 2007. 4 Floors of office or residential space on floors 2-5. Ground floor and basement is an ideal retail or restaurant space. Pro-forma NOI of approximately $320,000 allows an exceptional and uncommon CAP rate of over 8%! Within one block to the Fulton St Subway Station with access to the 2,3,4,5, J, Z, R, W, A, C subway lines. *Attached interior photos have been digitally enhanced*

Listing History for 63 Nassau Street

Now
12/08/2023
POM by Kevin Yazell
Nest Seekers International
09/28/2023
$3,800,000
Initial Price by Kevin Yazell
Nest Seekers International

Building Details for 63 Nassau Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1844
Floors5
Learn More About the Building

Transit and Citi Bike

Subway

Fulton St
0.08 miles
Cortlandt St
0.15 miles
Wall St
0.18 miles
Wall St
0.2 miles
World Trade Center
0.23 miles

Citi Bike

Liberty St & Nassau St
0.06 miles
Liberty St & Broadway
0.09 miles

Ferry

Wall St/Pier 11
0.45 miles

Contact Agents

Contact Agents

Licensed As
Kevin Yazell
Salesperson
License#:
10401346535
Company:
Nest Seekers International
Kevin Yazell
Nest Seekers International
Holly Phass
Nest Seekers International
Ravi Gulivindala
Nest Seekers International

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: 43072TH