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Rent/Lease Apartment 3 Hanover Square

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 3 Hanover Square. This trend is projected to continue. Opportunities for subleases remain available at 3 Hanover Square and in the nearby Financial District neighborhood.

Why Optimal Spaces –
Tenant Broker

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  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

✕
  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."
1. The Crucial Distinction: Whose Side Are They On?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)

3 Hanover Square Property Overview

Building Address: 3 Hanover Square, New York NY 10004
Building Name: 3 Hanover Sq
Building Alternate Address: 3 Hanover sq
Zip Code:10004
Neighborhood:Financial District
Borough:Manhattan
Stories:23
Year Built:1926
Building Class:B

3 Hanover Square History

Originally constructed in the 1920s as the New York Cotton Exchange, this Financial District landmark became Manhattan's first major office-to-residential conversion in the late 1970s. The building's Renaissance Revival architecture and grand marble lobby reflect its early 20th-century financial heritage.

Architectural Transformation

Converted to a 205-unit cooperative in 1985, the property retains original details while offering modern amenities including a 24-hour doorman and rooftop deck. Its pioneering residential conversion helped catalyze Lower Manhattan's neighborhood revitalization.

Location & Legacy

Located near Stone Street's dining scene and Wall Street landmarks, 3 Hanover Square maintains proximity to multiple subway lines (2/3/4/5/J/Z). The building represents New York's adaptive reuse movement, preserving early 20th-century commercial architecture for residential use.

3 Hanover Square

Financial District, Manhattan, NY 10004

Originally constructed in the 1920s as the New York Cotton Exchange, this historic pre-war co-op was converted to residential use in the 1980s, retaining original architectural elements like its grand marble lobby.

Building Features

  • 24-hour doorman & concierge
  • Resident superintendent
  • Rooftop deck with city views
  • Central laundry facilities
  • Pet-friendly policies

Location Highlights

  • Steps from Stone Street's dining scene
  • Near Wall Street and South Street Seaport
  • Hanover Square Park's British Garden memorial
  • Subway access: 2/3/4/5/J/Z trains

3 Hanover Square Building Amenities

  • 24-hour doorman
  • Full-time concierge
  • On-site superintendent
  • Rooftop deck
  • Fitness center
  • Elevator service
  • Laundry facilities (on every third floor)
  • Pet-friendly policy (cats and dogs)
  • Pied-à-terres allowed
  • Storage space available
  • Pre-war architectural details
  • High ceilings (10.5 feet)
  • Proximity to multiple subway lines (2/3/4/5/J/Z/R/W)
  • Steps from Stone Street dining
  • Walking distance to Wall Street and South Street Seaport

3 Hanover Square is a historic cooperative building located in the Financial District of Manhattan, New York City. It was originally built in 1926 as the Cotton Exchange and was converted into residential use in the late 1970s, becoming the first major structure in the downtown area to be fully residential. The building features 23 stories with 202 residences and amenities such as a full-time doorman, concierge, central air, and elevators. Hanover Square Park, located in front of the building, was transformed into a British Garden in memory of British citizens lost on 9/11. The area is known for its proximity to major financial institutions and vibrant neighborhood attractions.


3 Hanover Square is located in Lower Manhattan, positioning residents with access to various top internet providers available in the area. Here are some key providers:

  • Verizon Fios: Known for its high-speed fiber-optic internet, offering speeds up to 2 Gbps, Verizon Fios is highly recommended for its reliability and customer service.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data. Although specific availability may vary by building, Astound provides competitive pricing and good coverage in Manhattan.
  • Spectrum: A widely available cable internet provider with speeds up to 1 Gbps. Spectrum offers affordable plans and bundles, making it a popular choice among residents.
  • T-Mobile Fiber: Offers extensive coverage in Manhattan with 5G Home Internet as an alternative for those looking for wireless solutions.

Availability may vary depending on the specific building infrastructure or neighborhood coverage.


3 Hanover Square Transportation Information

Cross Streets: Located near Water St/Hanover Sq, bounded by Pearl St and William St

Subway Lines: 2, 3, 4, 5, J, Z trains via Wall St (2min walk) and Broad St stations

Bus Routes: M15, M15-SBS, BXM18, QM11, SIM5 at Water St stops (2-4min walk)

Ferry Access: Wall St/Pier 11 (6min walk) for NYC/NJ routes including AS, ER, GI, RW, SB

Nearby Landmarks: Adjacent to Stone Street Historic District, 5min from NY Stock Exchange

Retail Tenants Rented / Leased 3 Hanover Square
  • Leo?s Bagels leased 950 SF
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
  • H&R; Block leased 1,902 SF at 5 Hanover Square
  • 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

Abrams Garfinkel & Rosen Testimonial

Abrams Garfinkel & Rosen testimonial Dear Stephen: On behalf of my partners and myself, I want to thank you for your representation, assistance and support in connection with our search for new office space. We have worked with many brokers over the last eighteen months, but you were the only one who truly listened and tried to understand what our requirements, limitations and needs were. As a result of your diligence and persistence, we have been able to sign a lease for a space that meets all of our physical, aesthetic and economic criteria. You have done an excellent job on our behalf, and we are truly appreciative. Please feel free to share this letter with any of your potential clients, as we would wholeheartedly recommend your services to others. Once again, thank you for everything. Sincerely, Neil B. Garfinkel