|Address:||40 Wall Street||Class:||A|
|Cross Streets:||Wall Street & Pine Street||Size:||1,162,091 SF|
|Year built:||1930||Architect:||H. Craig Severance & Yasuo Matsui|
The ‘Crown Jewel of Wall Street’ was built back in 1930 during a tight race for the title of world’s tallest building with the Chrysler Building, the Empire State Building and the Woolworth Building. The limestone tower at 40 Wall Street held that title for just a short while, until the topping out of the Chrysler Building. Designed by H. Craig Severance and Yasuo Matsui, the neo-gothic skyscraper nestled between Nassau and William streets housed the headquarters of The Manhattan Company.
In 1995, the Lower Manhattan office tower was acquired by Donald Trump, and The Trump Organization invested more than $200 million to renovate it. Nowadays, 40 Wall Street is home to a plethora of companies in the financial services industry.
1.3 MSF of Class A Office Space Available
The 72-story tower located in the heart of the Financial District offers 1.3 million square feet of Class A office space, and also includes 5,000 square feet of retail. The floor plates at the Trump Building, as it is also called, range from 38,000 square feet at the base of the building to 6,000 square feet in the upper portion. Amenities include modern HVAC systems and 24/7 security, and the tower is also equipped with a loading dock located on Pine Street. Cushman & Wakefield serves as leasing manager for the property.
Getting to and from 40 Wall Street
The Trump Building is located near the New York Stock Exchange and is convenient to the 2, 3, J, M, Z, 4 and 5 subways, the M1 and M6 buses, as well as to PATH lines. The building is also within minutes’ of ferries and water taxis going to and from New Jersey and Staten Island.
Who is renting office space at 40 Wall Street
The landmark tower at 40 Wall Street is home to many office-using companies in different industries. Notable tenants on the Trump Building’s roster include the Girl Scouts of Greater New York, AEGIS, Country-Wide Insurance Co., Time Warner Cable, Daewoo, TB Alliance and Brite Media Group.
How much is the rent price for office space at 40 Wall Street?
Office asking rents at 40 Wall Street are not cheap, given the building’s excellent location in the coveted and prestigious Financial District of Manhattan. The high demand for quality, Class A office space has pushed Downtown Manhattan office rents to over $60 per square foot in the first months of 2019, per CBRE.