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56 Pine St.

Financial District, New York, NY
Floors
16
Total Size
66,470 sqft
Lot Size
0 acres
Year Constructed
1894
Year Renovated
0
Number of Buildings
1

About 56 Pine St.

Built in 1894, the 16-story Wallace Building at 56 Pine Street in New York makes for a wonderful restaurant or bar setting, for this is one of the Financial District's most eye-catching landmark buildings. While it may not necessarily be of interest to companies looking to rent office space, the property's 35' frontage should prove tempting for hospitality providers.

This part of New York's Financial District sees heavy pedestrian traffic from office employees and local residents. 56 Pine Street is adjacent to a new 1,000-unit residential conversion at 70 Pine Street and located directly across from the # 2 and 3 Wall Street subway lines.

With its highly ornate Romanesque Revival style, the Wallace Building at 56 Pine Street has been a New York City landmark since 1997.

Situated just one block from Wall Street, the building offers tenants amenities like a full club floor with lounge, media room, game room, 24/7 fitness center and event facilities. Amenities also include a 24/7 doorman, concierge and live-in super.

The gorgeous brick, stone and terra cotta facade of 56 Pine Street in New York features deeply inset windows, arched openings, colonnades and ornate flowered panels carved in a Byzantine style.

Companies at 56 Pine St.

ISE Japanese Restaurant Bar Restaurant Food

Internet Providers for 56 Pine St.

Provider Technology Max Download Speed Max Upload Speed
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath Copper Wireline
6 Mb/s
6 Mb/s

The Neighborhood: Financial District

The typical asking rate per listing is in the $60's per square foot per year. The Financial District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
Financial District $65
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in Financial District