48 Beaver Street
48 Beaver Street, New York, NY 10004
BBL 1000297501 · BIN 1078997
- Year built
- 1920
- Type
- Condominium
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 48 Beaver Street 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.
48 Beaver Street is a 1920s masonry loft building in the heart of the old Financial District, converted into residential condominium lofts of a scale that downtown buyers increasingly cannot find: spacious, light-filled homes with ceilings over 11 feet, big picture windows, and — on the upper floors — open views toward the harbor. On a winding pre-grid street near Hanover Square and Broad Street, it offers the texture and history of Lower Manhattan's most atmospheric quarter combined with the loft proportions and ownership flexibility that make a condominium attractive.
This is a building for buyers who want real volume and character rather than the uniform output of a glass tower. With 39 homes across eight floors, the layouts run large — several configured as full-floor or near-full-floor lofts — and the conversion preserved the muscular, large-window architecture of the original commercial structure while delivering modern residential systems.
Architecture and unit composition
The building's loft DNA is the draw. Residences feature high ceilings (reported above 11 feet in the larger homes), oversized picture windows, and open, flexible floor plates that suit both family living and live-work configurations. A representative two-bedroom home runs over 2,000 square feet — a footprint that downtown new construction rarely matches at comparable pricing. The conversion kept the pre-war bones intact: tall windows, generous spans, and the kind of light that comes from a building designed before deep floor plates and curtain walls.
The eight-story scale keeps the building intimate, and the large average unit size means a small, owner-occupied community rather than a transient tower.
Building operations
48 Beaver runs as a boutique loft condominium. As a condominium, it offers the structural advantages downtown buyers prize: flexible financing, a right-of-first-refusal in place of a co-op board package, and customary latitude for pied-à-terre, LLC, trust, and investment ownership, with subletting freer than at the neighborhood's pre-war cooperatives. In-unit washer/dryers are typical of loft conversions of this generation, and the building is generally pet-friendly. The Financial District's transformation into a true residential neighborhood — with grocers, restaurants, parks, and the harbor waterfront within easy walking distance — has made buildings like this far more livable than their commercial origins would suggest.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $35,891/yr
- Per unit / month range
- $0 – $77
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →What to know if you’re buying
This is a condominium purchase that clears through a right-of-first-refusal rather than a co-op board interview — faster and lighter than the cooperatives in older Tribeca and downtown stock. Financing is flexible and entity and pied-à-terre purchases are customary. The most consequential diligence is the apartment itself: confirm the ceiling height, exposure, and exact layout of the specific loft — full-floor versus partial, light and views — and review the condominium's financials, reserve fund, and any active building projects with your attorney. Buyers chasing genuine loft volume in Lower Manhattan will find this a rare large-format option.
What to know if you’re selling
The selling story is loft scale and pre-war character in a neighborhood that has become a real place to live. Lead with the square footage, the ceiling height, the picture windows, and — where it applies — the harbor light and full-floor layout. Price against other Financial District and downtown loft condominiums with comparable footprints rather than against compact new-construction one- and two-bedrooms, which compete on a different basis. Because turnover is low and large lofts are scarce here, a well-prepared listing concentrates motivated buyer demand.
Comparable buildings
If you're considering 48 Beaver Street, these nearby Financial District condominiums make a useful comparison set:
- 20 Pine Street — Financial District condominium nearby
- 15 Broad Street — landmark condominium conversion
- 25 Broad Street — Financial District condominium
- 55 Liberty Street — pre-war Financial District condominium
- 1 Wall Street Court — boutique landmark condominium nearby
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 48 Beaver Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.