Expert Tenant Broker
We represent you, not the landlord
Rent/Lease Apartment 25 Broad Street, New York, NY
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
25 Broad Street, New York, NY Property Overview
| Building Address: | 25 Broad Street, New York NY 10004 |
| Building Name: | 25 Broad Street at The Exchange |
| Building Alternate Address: | 25 Broad St, New York, NY |
| Zip Code: | 10004 |
| Neighborhood: | Financial District |
| Borough: | Manhattan |
| Stories: | 21 |
| Year Built: | |
| Building Class: | A |
25 Broad Street, known as the Broad Exchange Building, is a historic structure in the Financial District of New York City. Completed in 1902, it was designed by Clinton & Russell in the Italian Renaissance Revival style. At the time of its completion, it was the largest and most valuable office building in Manhattan, offering 326,500 square feet of rentable space.
The building served as a headquarters for Paine Webber & Co. for nearly seventy years until 1979. Following years of vacancy, it was converted into 346 luxury residential units by Crescent Heights in 1997. The conversion preserved the building's original grandeur, including its marble pilastered walls and coffered ceilings.
In 1998, the building was added to the National Register of Historic Places, and in 2000, it was designated as a landmark by the New York City Landmarks Preservation Commission. Today, it is part of the Wall Street Historic District and continues to be a significant architectural and historical landmark in New York City.
25 Broad Street, also known as the Broad Exchange Building, is a historic residential building located in the Financial District of Lower Manhattan, New York City. It was built between 1900 and 1902 by Clinton & Russell in the Renaissance architectural style. The building was originally designed for office use but was converted into luxury apartments in the late 1990s by Crescent Heights. It features a stunning façade and extensive amenities, including a doorman and concierge services.
The Broad Exchange Building at 25 Broad Street, New York City, offers a range of luxurious amenities:
- 24/7 Attended Lobby
- Expansive Roof Deck with outdoor kitchen and grills
- Residents' Lounge and Co-Working Space with catering kitchen
- State-of-the-Art Fitness Center
- Yoga and Movement Studio
- 3D Multi-Sport Simulator
- Children's Indoor and Outdoor Play Spaces
- Pet Grooming Spa
- Private Storage Available for Purchase
- Bike Room
- Concierge
- Doorman
- Elevator
- Live-in Super
- Package Room
- Valet Service
25 Broad Street, located in the Financial District of New York City, is a historic building that was originally constructed in 1902 by architects Clinton and Russell. It was once Manhattan's largest office building but was converted into residential use in the late 1990s by Crescent Heights. The building features 21 floors and initially offered 345 rental residences. Over time, many units were converted into condominiums.
The building is known for its elegant façade and extensive lobby, offering over 8,000 square feet of amenity space. It includes a range of amenities such as residents' lounges, co-working spaces, children's play areas, a rooftop terrace, a fitness center, and a pet grooming spa. The building is pet-friendly and provides 24/7 attended lobby services.
Historically, the building was added to the National Register of Historic Places in 1998 and was designated as a landmark by the New York City Landmarks Preservation Commission in 2000. It is part of the Wall Street Historic District.
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
25 Broad Street, located in the Financial District of Lower Manhattan, New York City, offers convenient access to various transportation options. The building is situated near several subway stations, including Rector Street, Wall Street, and Broad Street, all within a short walking distance.
The cross streets for 25 Broad Street are Exchange Place to the north, William Street to the east, and Beaver Street to the south. The building is part of the historic Wall Street area, providing a blend of iconic downtown character with modern city living.
Key nearby landmarks include the New York Stock Exchange Building, Federal Hall, and 23 Wall Street. The area is also home to prominent businesses like Hermès and Tiffany & Co.
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Finnerty Economic Consulting, LLC. Testimonial
To Whom It May Concern:
My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street.
I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching.
I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan.
Very truly yours,
John D. Finnerty
Managing Principal