Renters Show 'Tremendous Response' to Phase One at 25 Broad
- Feb 13, 2012
New York—The history of 25 Broad Street dates back more than a century to 1902. Upon its opening that year under the name of the “Broad Exchange Building,” it staked its claim as the nation’s largest and most valuable office building. And little wonder, as it stood a mere block from the New York Stock Exchange, and had been designed by famed architects Clinton & Russell to that era’s highest standards.
The latest chapter in the annals of the federally historic landmark property is its transformation into a world-class residential property, 25 Broad. Last week, real estate investment and development company LCOR announced that Phase One at 25 Broad, comprising 209 of the planned 307 units, is 70 percent leased. It was also announced the building’s first floor amenities have been completed.
Known from the early 20th Century on for its striking interiors, the 20-story Italian Renaissance Revival-style building maintains its exquisite aesthetic, showcasing a dramatic, 18-foot-high marble lobby and grand marble staircases.
One- and two-bedroom residences feature large, open kitchens with high-end stainless steel Bosch appliances, glass backsplashes, white Lazza glass serving counters and Poliform cabinetry with glass upper fronts and under-cabinet lighting. Master baths offer residents a spa-like experience, with Bianco Lasa marble floors, glass cabinets with over-sized mirrored medicine cabinets, porcelain undermount sinks, Waterworks fixtures and full-sized soaking tubs. And every residence features a washer and dryer.
Services and amenities at 25 Broad include 24-hour doorman, concierge/valet services, high-tech game room and lounge equipped with WiFi, golf simulator, children’s playroom, state-of-the-art fitness center with separate yoga studio, three separate landscaped outdoor spaces and storage on every floor.
Notable milestones in construction and leasing have been routinely attained over the past several months.
“With the completion of the building’s first phase, we are seeing a tremendous response from residents who especially value the lifestyle-focused amenities at 25 Broad,” says David A. Sigman, executive vice president and principal of LCOR.
“Spaces such as the children’s playroom, golf simulator and lounge are regularly in use, and allow residents to interact and foster a sense of community.”
Monthly rental prices for available one-bedroom, one-bath residences start at $3,295, while two-bedroom, two-bath homes start at $5,225. Immediate occupancy is offered for all available residences.
Benefitting from its location in the center of Manhattan’s Financial District, 25 Broad Street puts residents near world-class dining, boutique shopping and the South Street Seaport, as well as a wide array of entertainment. The location facilitates easy access to every major subway line, ferry and water taxi.