25 Broad Street (The Broad Exchange Building)
25 Broad Street, New York, NY 10004
BBL 1000257502 · BIN 1000824
- Year built
- 1902
- Type
- Condominium
- Floors
- 23
- Landmark status
- Individual landmark; not in a historic district
- NYC Landmarks Preservation Commission records, updated February 2026
- Leasing by owners
- Permitted with conditions
- Doorman
- Full-time doorman
The Broad Exchange Building sales history: 270 recorded sales
- Financing
- No condominium financing cap. Purchase agreement not contingent on financing, but no restriction on a purchaser obtaining financing.
- Subletting
- Permitted; leases are subject to the Board's right of first refusal (Declaration Art. 8.1-8.5). No minimum-lease-term restriction stated.
- Tax status
- Each unit separately assessed for real estate tax; confirm the unit's current tax bill and any benefits.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2021–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,151
- floor-adjusted, 17 sales
- Listing discount
- 1.7%
- Recorded sales
- 270
- On record
- 2021–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Broad Exchange Building would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
25 Broad Street (The Broad Exchange Building) is the largest office building in America when built in 1902 — Clinton & Russell's Italian Renaissance Revival commission converted in 2019 to 307-308 condominium residences. NYC landmark since 2000.
It draws on the Clinton & Russell architectural pedigree — the same firm behind the Cocoa Exchange (1 Wall Street Court), the Beaver Building, 3 Hanover Square (the Cotton Exchange), the Apthorp, the Astor Apartments, the Langham, and Graham Court. The building wears its history outright as the largest office building in America when built in 1902, and that history is held under glass today: a NYC landmark designation (2000) imposes the most stringent protection on its Italian Renaissance Revival facade.
Architecture and building operations
Clinton & Russell's 1902 design produced a 23-story Italian Renaissance Revival building that was the largest office building in America when completed. The firm's broader 1898-1910 body of work transformed both commercial and luxury residential architecture in NYC — placing 25 Broad Street alongside the Cocoa Exchange / Beaver Building (1904), the Cotton Exchange / 3 Hanover Square (1922-23), and the firm's series of Upper West Side luxury apartment buildings.
The 2019 LCOR condominium conversion by Hoffmann Architects preserved the landmarked Italian Renaissance Revival facade while integrating 307-308 condominium residences.
Operations: 24-hour doorman; concierge; fitness center; spa; landscaped roof terrace; private storage.
Policy framework — verify via The Roebling Research Library
- Type: Condominium
- Pets: Permitted under condominium framework
- Pied-à-terre: Permitted
- Subletting: Permitted under condominium procedures
- Financing: Standard condominium LTV
- LLC/trust/foreign buyers: All permitted
- Right of first refusal: Procedural only
- NYC Landmark — LPC permits required for any visible facade modification
Specific policy framework should be verified against the Roebling Research Library's offering plan and house rules at engagement.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 ($750 without a Broker) | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Move-In Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Working Capital Contribution | Paid by Buyer | When With the application | Amount Amount equal to two (2) months Common Charges | Refundable Not stated |
| Move-Out Fee | Paid by Seller | When With the application | Amount $500 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Post-Closing Document DepositUpon receipt of the closing documents from the purchaser's attorney | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Lead Based Paint Fee | Paid by Landlord | When With the application | Amount $75 | Refundable Not stated |
| Background Report FeeConditional · Per applicant | Paid by Tenant | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Processing Fee | Paid by Tenant | When With the application | Amount $500 | Refundable Not stated |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Processing Fee | Paid by Landlord | When With the application | Amount $300 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Permitted with conditionsPermitted; leases are subject to the Board's right of first refusal (Declaration Art. 8.1-8.5). No minimum-lease-term restriction stated.Source: The Roebling Research Desk's building record
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $748 per room a monthMedian of 67 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.83 per square foot a monthMedian of 77 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.29 per square foot a monthMedian of 84 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.58 per square foot a monthMedian of 84 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, spa, roof deck, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $211,663/yr
- Per unit / month range
- $0 – $57
- Modeled exposure split equally across 308 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed September 2026.
Management & transfer contacts
- Notable fees
- Working capital contribution = 2 months' common charges
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 15, 2026 | 4K | 1 BR · 1 BA · 779 sf | $835,000 | $1,072/sf | -4.6% |
| Aug 5, 2026 | 8T | 3 BR · 2 BA · 1,460 sf | $1,590,000 | $1,089/sf | -3.6% |
| Aug 3, 2026 | 18P | 1 BR · 1 BA · 855 sf | $980,000 | $1,146/sf | -2.0% |
| Jul 21, 2026 | 16S | 2 BR · 2.5 BA · 1,385 sf | $1,585,000 | $1,144/sf | -2.5% |
| Jun 23, 2026 | 20O | 1 BR · 1 BA · 770 sf | $988,000 | $1,283/sf | -4.1% |
| Jun 22, 2026 | O020 | 770 sf | $988,000 | $1,283/sf | off-mkt |
| Jun 15, 2026 | 15K | 2 BR · 2 BA · 1,121 sf | $1,385,000 | $1,236/sf | -2.1% |
| Jun 15, 2026 | K015 | 1,121 sf | $1,385,000 | $1,236/sf | off-mkt |
Market read. Most recent trades (2026 to date) cleared a median $1,151/sf (floor-adjusted) across 17 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00025-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at The Broad Exchange Building, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 35 | $4,800 |
| 2 bedroom | 27 | $7,000 |
62 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Broad Exchange Building and nearby.
At the recent median sale of $1.38M (63 sales in the past 24 months, since October 19, 2024), a buyer putting 25% down would pay about $59,445 to close, or 4.3% of the price.
- Mansion tax: $13,750
- Mortgage recording tax: $19,852
- Title insurance: $6,187
- Attorneys, lender, building fees, reserves and filings: $19,656
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Architect: Clinton & Russell. Same firm as the Apthorp, the Langham, Graham Court, the Cocoa Exchange, and 3 Hanover Square.
The NYC landmark designation (2000) provides the most stringent exterior protection.
The 307-308-unit operational scale supports comprehensive amenity infrastructure.
Roebling cross-references the offering plan through the Roebling Research Library during diligence.
Comparable buildings
- 20 Pine Street (The Collection) — Armani/Casa 2007; nearby FiDi peer
- 15 Broad Street (Downtown by Starck) — Trowbridge & Livingston Equitable Trust tower, 1928 / Starck 2005; nearby Broad Street peer
- 1 Wall Street — Walker / Macklowe 2023; nearby FiDi trophy peer
- 1 Wall Street Court (Cocoa Exchange) — Clinton & Russell 1904; same-architect FiDi landmark peer
- 3 Hanover Square (Cotton Exchange) — Donn Barber 1922; nearby FiDi conversion peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Financial District buildings
- 20 Pine Street (The Collection) — 1928 condominium
- 20 West Street (The Downtown Club) — 1930 condominium
- 21 South William Street — 1927 condominium
- 25 Park Row — 2020 condominium by COOKFOX Architects
- 26 Beaver Street (Beaver Tower) — 1909 co-op
- 33 Rector Street
The neighborhood
For the full corridor — architecture, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Broad Exchange Building?
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646.939.7375 · c.cohen@compass.com