The former Goldman Sachs headquarters on Wall Street will soon welcome new tenants after a residential conversion — with tenants paying up to $10,000 a month to secure their corner office in the Financial District.
The skyscraper at 55 Broad St. — which served as Goldman’s home from 1967 to 1983 as it became a global financial giant under chief executive and legendary trader Gus Levy — began accepting applications Monday ahead of its November opening, Bloomberg reported.
The former 36-story office building, not far from the New York Stock Exchange, has been transformed by developers Metro Loft and Silverstein Properties into 571 apartments — ranging from studios that rent for $4,000 a month to three-bedroom units that you are expected to receive $10,000 per month.
The move comes as the financial industry tightens its grip on the neighborhood after the pandemic turned downtown into a virtual ghost town before slowly starting a comeback.
The area now features a Whole Foods on Broadway and a food hall in the nearby Tin Building on South Street Seaport. Young families can be spotted in an indoor playground that was once a New York sports club, while a Serafina restaurant now occupies what used to be a men’s suit store.
Like many dated office spaces, 55 Broad struggled to retain tenants and was only 60% occupied before developers snapped up the building for $173 million last year.
Metro Loft CEO Nathan Berman said the Financial District has evolved into “a 24/7 zone.”
“It used to be the consolation prize, now it’s a destination for people and a very reliable neighborhood,” Berman told Bloomberg.
According to the developers, each apartment at 55 Broad will have “10-foot ceilings and large picture windows that flood the space with natural light while offering stunning views of the city.”
“Custom Italian kitchens are a chef’s dream, with built-in appliances, quartz countertops and matching backsplash that exude both style and functionality,” they said.
“Bathrooms are equally luxurious, with custom Italian tiles and Porcelanosa vanities providing a spa-like retreat along with ample storage.”
The amenities offered should also please New York’s well-known financiers. They include a fitness and yoga center, pet washing stations, a rooftop pool and barbecue grills.
“I think it will be profitable. I hope it will be profitable. I’ll be disappointed if it’s not profitable,” Larry Silverstein told Bloomberg.
Goldman Sachs, meanwhile, is now based at 200 West St.
Bloomberg reported that Metro and Silverstein are considering a proposal from New York state officials to offer 25% of the units as affordable housing in exchange for tax breaks.
Housing is considered “affordable” in New York when a household spends no more than 1/3 of its income on rent and utilities.
Both City Hall and Albany have tried to encourage corporate redevelopment as a way to address the Big Apple’s chronic real estate shortage.
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