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Rent/Lease Apartment 110-124 Pearl St, New York, NY

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 110-124 Pearl St. This trend is projected to continue. Opportunities for subleases remain available at 110-124 Pearl St and in the nearby Financial District neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe a fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

110-124 Pearl St, New York, NY Property Overview

Building Address: 110-124 Pearl St, New York NY 10005
Building Name: 10 Hanover Square
Zip Code:10005
Neighborhood:Financial District
Borough:Manhattan
Stories:0
Year Built:1972
Building Class:A

110-124 Pearl St, located in the heart of Lower Manhattan's Financial District, has a complex history intertwined with the evolution of the area. The building itself was constructed in 1972 and is known as 10 Hanover Square, featuring 493 units in a luxury rental setting. It was renovated in 2005, adding modern amenities to the property.

Historically, the area around Pearl Street has seen significant transformations. In the 18th century, Pearl Street was home to notable structures like the Walton Mansion, built in 1752. This mansion was once the site for extravagant parties and served as an early location for the Bank of New York before it moved to Hanover Square.

The area experienced substantial changes due to fires and urban development. A major fire in 1835 damaged several structures along Pearl Street, from Wall Street to Coenties Slip. Over time, the neighborhood shifted from residential to commercial use, with many private dwellings replaced by warehouses and business establishments.

Today, 110-124 Pearl St stands as a modern hi-rise apartment complex amidst the historic backdrop of Manhattan's Financial District, offering amenities like fitness centers, saunas, and a clubhouse.

110-124 Pearl St, Manhattan, NYC

Also known as 10 Hanover Square

Property Facts

Year Built1972
Renovated2005
Units493
Building Size487,404 SF

Amenities

  • Doorman & Concierge
  • Fitness Center & Spa
  • Business Center
  • Media Center/Movie Theatre
  • Pet Play Area
  • Package Service
  • Clubhouse
  • Laundry Facilities
  • Elevator Service

Unit Features

  • Gas Stoves
  • Quartz Countertops
  • Walk-In Closets
  • Wood Plank Flooring
  • Smart Home Technology

Building Amenities at 110-124 Pearl St, Manhattan, NYC

  • Business Center
  • Clubhouse
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Sauna
  • Spa
  • Breakfast/Coffee Concierge
  • Doorman
  • Gameroom
  • Media Center / Movie Theatre
  • Package Service
  • Pet Play Area
  • Elevator
  • Therapy Room
  • Steam Room
  • Rooftop Deck
  • Maintenance On Site
  • Concierge
  • Furnished Units Available
  • On-Site Retail
  • Storage Space
  • Conference Rooms
  • Sundeck
  • Bicycle Storage
  • Clubhouse
  • Valet Service
  • High Speed Internet Access
  • Air Conditioning
  • Smoke Free Environment

110-124 Pearl St / 10 Hanover Square
Address 110-124 Pearl St, New York, NY 10005
Year Built/Renovated 1972/2005
Building Size 487,404 SF
Available Space 32,482 SF Office/Retail (per listing)
Multifamily Units 493 luxury apartments (not office tenants)
Amenities Business Center, Clubhouse, Fitness Center, Media Theater
Note Search results focus on apartment rentals - no specific office tenant data available

Internet Providers:

  • Verizon Fios: fiber-optic, up to 2 Gbps
  • Astound Broadband (RCN): cable and fiber, up to 1.5 Gbps
  • Spectrum: cable, up to 1 Gbps

Located at 110-124 Pearl St in the Financial District of Manhattan, NYC, this address offers convenient transportation options:

  • Subway: The closest subway station is Wall Street, served by the 2 and 3 trains. It is just a 2-minute walk (0.1 miles).
  • Bus Routes: The M15 bus route is available at Water St/Old Slip, just 0.028 miles away.

Cross Streets: The building is situated near the intersection of Pearl Street and Hanover Square.

Nearby Office Tenants Leased
  • Investment Technology Group leased 132,000 SF at 165 Broadway
  • Municipal Credit Union leased 126,000 SF at 22 Cortlandt St
  • WeWork leased 120,537 SF at 222 Broadway
  • Millennium High School leased 113,566 SF at 75 Broad St
  • New York Department of I… leased 107,668 SF at 80 Maiden Ln
  • Lewis Brisbois Bisgaard & Smith leased 100,952 SF at 77 Water Street
  • WeWork leased 94,176 SF at 110 Wall St
  • NYU Langone Medical Cen… leased 94,040 SF at 233 Broadway
  • Weill Cornell Medicine leased 82,994 SF at 156 William St
  • WeWork leased 82,171 SF at 115 Broadway
Nearby Retail Tenants Leased
  • Rezdora leased 1,800 SF at 45 John Street
  • Athea Kitchens Inc. leased 1,700 SF at 7 Hanover Sq
  • Starbucks leased 1,586 SF at 233 Broadway
  • Starbucks leased 1,465 SF at 115 Broadway
  • American Laser Centers leased 1,400 SF at 139 Fulton St
  • Starbucks leased 1,200 SF at 2 Broadway
  • Gregory's Coffee leased 1,100 SF at 80 Broad St
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Plus Six One leased 960 SF at 101 Greenwich Street
  • Leo?s Bagels leased 950 SF at 3 Hanover Square

Sapphire Office Solutions Testimonial

Sapphire Office Solutions testimonial To Whom It May Concern: I am writing this letter of recommendation to acknowledge the outstanding job performed by Mr. Stephen Sunderland of Optimal Spaces, Incorporated, in regards to locating and executing a great sublease and direct lease extension. In addition to finding the sublease, Stephen also add a long term extension to our direct lease at a great price. We never would have completed this transaction without Stephen's persistency, expertise, and diligence. We attempted to work with other brokers prior to meeting Stephen (discovered Stephen from advertisement) and he was the only broker who listened to our needs and took us to spaces that fit all OUR requirements, not his. We would highly recommend Mr. Sunderland and his company without hesitation. Sincerely, Paul Holstein President