Condo Sales Launch at Historic Broad Exchange Building in Financial District
Real estate investment and development firm LCOR announced the launch of sales for its condominium conversion at the historic Broad Exchange Building located at 25 Broad Street in Manhattan’s Financial District.
The conversion to condominiums at The Broad Exchange Building includes 8,000 square feet of new and upgraded amenities, intentionally elevating the more traditional marble and brass elements while incorporating it with a unique, fun flair. Amenity spaces include a resident lounge, game room, children’s play room, communal rooftop with barbeque facilities, children’s outdoor play terrace, fitness center, yoga room, sports simulator room, and dog grooming facility.
“The transformation of Downtown has propelled the demand for homes in the neighborhood. Compared to many of these new condominium offerings, The Broad Exchange Building’s listings represent a price point unrivaled in the current market,” said David Sigman, executive vice president and principal at LCOR. “The building’s rich history, ample modern amenity spaces, and location in the heart of FiDi make it a truly unique offering and we’re excited to bring it to market.”
The Broad Exchange Building was designed by Clinton & Russell, a famed late 1890s architecture firm, and was once the largest office building in Manhattan, serving as the headquarters to investment bank and stock brokerage firm Paine Webber for 70 years. Designated as a landmark in 2000 and a notable example of early twentieth century New York skyscraper building design, The Broad Exchange Building is a significant historical and architectural contribution to Lower Manhattan.
“These homes offer uncompromising value and will be a particularly compelling opportunity especially for first time homebuyers,” said Adrienne Albert, founder and chief executive officer of The Marketing Directors, the exclusive sales and marketing agency representing the project. “With classic architecture, high ceilings and prime positioning right across from the New York Stock Exchange, The Broad Exchange Building stands apart from other buildings.”
The condominiums feature 9.5-foot-to-13-foot-high ceilings, solid wide-plank wood floors, and generous closet space. Residences offer high-end appliances in the kitchens, glass tiles in the bathrooms, and dedicated washer/dryer closets. The four penthouses also offer private outdoor terraces, ranging from around 410 square feet to almost 3,000 square feet.
Located in the heart of the Financial District at the active corner of Broad Street and Exchange Place, The Broad Exchange Building offers proximity to the New York Stock Exchange, major subway lines, top-rated schools and world-class restaurants, entertainment and parks.
The 307 residences for sale include 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Pricing ranges from about $950 per square foot at the base of the building to $2,150 per square foot for the top floors, with homes starting from under $1 million.