26 Broadway, Standard Oil Building office space for lease

Description

The 802,000-square-foot Downtown Manhattan building at 26 Broadway used to house the headquarters of John D. Rockefeller’s Standard Oil Company. The landmarked building located at Bowling Green in the Financial District was also the home address of Alexander Hamilton and his family in the late 18th Century.

The original Standard Oil Building was constructed in 1885 and designed by Francis H. Kimball. The building then underwent various modifications and expansions, most notable in the 1920s in a project led by Thomas Hastings and Shreve, Lamb and Blake. Hastings is also known for designing the Cunard Building, later the Standard & Poor’s Building, across the street at 25 Broadway.

Standard Oil of New Jersey moved to Rockefeller Plaza in 1946 and sold the building in 1956, and the landmark building now houses various companies in the financial services and law industries.

800 KSF of Renovated Class A Office Space Available

The Lower Manhattan landmark building features 860,000 square feet of Class A office space across 31 stories, and is today owned by The Chetrit Group, which purchased the iconic tower in 2007 for $225 million from the Koeppel Companies.

The building was renovated in 2014 and includes 3,500 square feet of first-floor retail space. Amenities include views of the New York Harbor, a 24/7 attended lobby and concierge, onsite management, key card operated elevators, and operable windows on all floors.

Getting to and from 26 Broadway

The Standard Oil Building is located near the Bowling Green station with access to the 4 and 5 trains, and is a short walk from the Staten Island Ferry and Battery Park. The building’s excellent location in the heart of the prestigious Financial District of Manhattan makes it an appealing option for office-using tenants looking for quality Class A office space in a landmark building with a rich history and modern amenities.

Who is renting office space at 26 Broadway?

The lower portions of the building at 26 Broadway have been used for museums in the past, including the Museum of American Finance and the Sports Museum of America. Nowadays, the Standard Oil Building houses various high-profile tenants in the financial services and law industries, as well as government agencies and media companies. The tenant roster at 26 Broadway includes the NYC Department of Education, the New York Film Academy, the New York City Charter School Center, Cornell University, Cambridge Corporate Services, Jigsaw Productions, and HSBC.

How much is the rent price for office space at 26 Broadway?

Office asking rents at 26 Broadway are roughly on par with the average of $62 per square foot commanded in Lower Manhattan. The prestigious Financial District boasts some steep asking prices, however the submarket is considerably more affordable than Midtown Manhattan, where office asking rents reached a new high of $87 per square foot in 2019.