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88 Greenwich St

Financial District, New York, NY
Floors
38
Total Size
366,124 sqft
Lot Size
1 acres
Year Constructed
1929
Year Renovated
2007
Number of Buildings
1

Features

Close To Public Transit

About 88 Greenwich St

The grand Art-Deco building located at 88 Greenwich Street in New York is primarily a new condominium development, but it makes three floors available for retail and office space rental. This 38 floor building was built in 1929, and was completely remodeled in 2000 and again in 2007. The three floors that are commercially available contain 50,486 square feet.

The retail space has 98 feet of frontage along Greenwich, 165 feet of frontage on Rector, and 125 feet of frontage on Washington. Strong pedestrian traffic and excellent visibility along both Greenwich and Rector Streets make these locations very desirable. Tenants who select this location have retail, office, fitness or service presence in a rapidly growing neighborhood. In addition, these house businesses have a ready market in the 457 first-class residential condos above them.

The Lower Manhattan sub-market, where 88 Greenwich St is located, is one of the most desirable places for businesses to locate. The recent redevelopment of One World Trade Center has brought increased tourism to the city; as well as revitalization that has attracted businesses. The new Fulton Street transit hub will impact retail, commercial, and hospitality organizations alike.

In the heart of downtown, this area was rated a Walker’s Paradise, with a score of 97 out of 100. Mass transit within two blocks includes subway lines 1, R, 4, 5, J, and Z.

88 Greenwich Street is a beautiful prewar building with a beige masonry façade. Several bands of red brick add beauty and interest, as do many design features of green, beige, yellow, and brown terracotta. As the building climbs higher, many setbacks enhance the aspect of this vast and arresting building.

Internet Providers for 88 Greenwich St

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
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