NYC Financial District landmark now listed for $25.5 million
Designated as an individual landmark in the special lower Manhattan district by New York City’s Landmark Commission, 70 Broad Street is a unique property that has just been listed by Danielle Grossenbacher of Brown Harris Stevens for $25.5 million million.
This 15,218-square-foot townhouse is in the heart of Lower Manhattan’s historic Financial District on the corner of Broad Street and Beaver Street and just steps away from the New York Stock Exchange, which can be seen from several of its rooms. Featuring impressive large windows on three sides, this property offers lots of light and excellent visibility.
Rising up five stories, this townhouse was built in 1908 for the American Bank Note Company, which engraved and printed currencies, stock certificates, letters of credit and other financial documents a century ago. Throughout its history it has been used for everything from a restaurant to offices. Only having columns in the basement allows this multifunction building to open up to anything imaginable.
The granite structure’s first two floors and lower level are currently used as office, conference and reception rooms. Each of the top floors is configured as 2-bedroom and 2-bathroom guest residences. Recently renovated, and with flexible zoning that allows residential, office, retail, and hotel use, this home truly is a diamond in the rough.
Easily accessible, this home is near 12 subway lines, several ferries and the West Side and FDR highways, all which are within walking distance.
“The full residence has great appeal to someone who likes to be in the heart of the action and likes to entertain,” said Grossenbacher. “The property makes a statement; it is solid and elegant.”
The building was listed in September for $45 million. The price was cut to $30 million in December, and now to $25.5 million.
According to The Real Deal, the building was purchased for $5.5 million in 2004.
—Kimberly Turner
“The building was listed in September for $45 million. The price was cut to $30 million in December, and now to $25.5 million” Wow, what can I say ?
“Rising up five stories, this townhouse was built in 1908 for the American Bank Note Company, which engraved and printed currencies, stock certificates, letters of credit and other financial documents a century ago. Throughout its history it has been used for everything from a restaurant to offices. Only having columns in the basement allows this multifunction building to open up to anything imaginable” Architecturaly this is very nice building but, does it worth the money?