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40 Rector St

24,412 SF Office/Medical Units in New York, NY 10006

Executive Summary

Originally designed by Warren & Wetmore and renovated in 1971, is undergoing a multi-phase, multi-million-dollar makeover that will give it a new front entrance, lobby, windows, common corridors, bathrooms and base building systems, along with upgraded elevator cabs and systems. Designing the property’s new look is architectural firm Andrés Escobar & Associés. PATH access from the WTC and subway access from the R, W and 1 lines to Rector Street and the 4 and 5 lines to Wall Street. Visibility from the West Side Highway

Property Facts

Unit Size 24,412 SF
No. Units 2
Total Building Size 575,187 SF
Property Type Office
Property Subtype Medical
Building Class B
Number of Floors 19
Typical Floor Size 22,768 SF
Year Built 1922
Lot Size 0.72 AC

2 Units Available

Unit 300

Unit Size 24,412 SF
Unit Use Office/Medical
Sale Type Investment or Owner User
Description

The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.

Sale Notes

Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire sixth (6th) and seventh (7th) floors at 40 Rector Street (“The Property”). Located in the heart of Lower Manhattan, the building is in close proximiy to the newly redeveloped World Trade Center site and Brookfield Place with access to many subways, the PATH train and several ferry lines. This ownership opportunity would provide most non-profits and government entities an exemption from paying real estate taxes. The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.

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Unit 700

Unit Size 24,412 SF
Unit Use Office/Medical
Sale Type Investment or Owner User
Description

The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.

Sale Notes

Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire sixth (6th) and seventh (7th) floors at 40 Rector Street (“The Property”). Located in the heart of Lower Manhattan, the building is in close proximiy to the newly redeveloped World Trade Center site and Brookfield Place with access to many subways, the PATH train and several ferry lines. This ownership opportunity would provide most non-profits and government entities an exemption from paying real estate taxes.

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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Amenities

  • 24 Hour Access
  • Atrium
  • Bus Route
  • Public Transport
  • Property Manager on Site
  • Restaurant
  • Signage

zoning

Zoning Code C6-4C (C6 districts permit a wide range of high-bulk commercial uses requiring a central ­location)
C6-4C (C6 districts permit a wide range of high-bulk commercial uses requiring a central ­location)
  • Listing ID: 32083831

  • Date on Market: 10/06/2024

  • Last Updated:

  • Address: 40 Rector St, New York, NY 10006

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