$560,000
Updated a month ago
Off Market

Cocoa Exchange

1 Wall Street Court, 904

Financial District, Manhattan | Hanover Street & Pearl Street

Studio 1 Bath460 Square FeetCondo

$560,000
Common Charges$904
RE Taxes$734
Price Per SF
$1,217

Listing Features

  • High Ceilings [10']
  • Original Details
  • Recessed Lighting
  • Oversized Windows
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances
  • Walk Thru Kitchen
  • Marble Bathroom

Outdoor space and views

  • City Views
  • East River
  • Park Views
  • Partial River
  • East Exposure

Building Amenities

  • Full Service
  • Business Center
  • Elevator
  • Facility Kitchen
  • Laundry Room
  • Resident Lounge
  • Roof Deck
  • Shuttle Service
  • WiFi

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 1 Wall Street Court, 904

Investor-Focused - Immediate Income - Tenant in Place Through February 2027

Currently generating $3,250/month in rent, this turnkey investment offers an estimated cap rate of approximately 3.45% with a secure lease in place through February 2027-delivering immediate, predictable income from day one.

Perfectly positioned at one of Downtown Manhattan's most recognizable corners, this residence at the landmark Cocoa Exchange presents a compelling opportunity for investors seeking stability, low near-term capital requirements, and long-term upside. The building's iconic architecture-featured in films including John Wick -adds to its enduring appeal within the Financial District.

Unlike many units facing the street, this apartment benefits from partial river views and soft morning light, enhancing tenant desirability. The efficient layout clearly separates living and sleeping areas, maximizing both functionality and rental appeal.

Over $30,000 in recent upgrades further strengthen the investment profile by minimizing near-term expenses. Enhancements include updated plumbing and electrical, a renovated bathroom sink, and a thoughtfully designed kitchen featuring stainless steel appliances, granite countertops, glass and walnut cabinetry, and Italian porcelain tile flooring. The bathroom is finished with a custom walnut vanity, freestanding porcelain basin, and Gioia marble walls.

Residents enjoy full-service amenities including a 24-hour doorman, on-site maintenance, and access to a sky terrace and roof lounge-features that support strong tenant retention and consistent demand.

Located in the heart of the Seaport District, the property offers immediate access to Whole Foods Market, Life Time Fitness, and Equinox, along with premier dining and retail including Tiffany & Co., Printemps, Manhatta, Delmonico's, and Cipriani. Transportation is seamless, with close proximity to Fulton Street and World Trade Center transit hubs, as well as the Seaport Ferry Terminal.

A rare opportunity to acquire an income-producing asset in a premier Downtown location-ideal for investors seeking immediate yield with long-term potential.


Building Details for 1 Wall Street Court

OwnershipCondo
Building TypeMid-Rise
Service LevelFull Service
AgePre-War
AccessElevator
Year Built1904
Financing Allowed90%
Floors/Apts15/126
Learn More About the Building

Transit and Citi Bike

Subway

Wall St
0.1 miles
Broad St
0.19 miles
Fulton St
0.24 miles
Wall St
0.26 miles
Rector St
0.32 miles

Citi Bike

Maiden Ln & Pearl St
0.07 miles
Front St & Pine St
0.08 miles

Ferry

Wall St/Pier 11
0.21 miles

Contact Agents

Contact Agents

Licensed As
Erika Maya
Salesperson
License#:
10401309770
Company:
Platinum Properties
Erika Maya
Platinum Properties
Mirka Hatalova
Platinum Properties

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: 641250