8 Spruce Street (New York by Gehry)
8 Spruce Street, New York, NY 10038
BBL 1001007502 · BIN 1087485
- Year built
- 2011
- Type
- Condominium
- Units
- 899
- Floors
- 76
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Full-time doorman
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8 Spruce Street is Frank Gehry's first skyscraper — and was the tallest residential tower in the Western Hemisphere on opening. The undulating stainless-steel facade has been compared (by Gehry himself) to "laundry caught in the breeze."
Nicolai Ouroussoff (NYT): "the finest skyscraper to rise in New York since [Eero Saarinen's] CBS Building."
Status flag: 8 Spruce currently operates as rental. The condominium conversion was abandoned after Blackstone-affiliated entity acquired the retail/residential condo for $930M.
Architecture and building operations
Gehry's fifth NYC building and his first ever skyscraper. The undulating stainless-steel facade has been compared (by Gehry himself) to "laundry caught in the breeze." Bay windows are pushed and pulled across every floor to create the folds; Gehry said: "I started moving them, and I realized I got the freedom of the folds I was looking for." He cited Bernini, Michelangelo, and dancing Shiva figures as influences. The south facade is intentionally smooth (zoning/cost reasons) — a much-discussed compromise. Building won the 2011 Emporis Skyscraper Award.
Gehry designed not only the exterior but interiors, amenity spaces, all 20 model apartments, and the lobby's sculptural concierge desk and Douglas-fir amphitheater seating in the screening room.
Operations: 50-foot lap pool; fitness center; screening room; dining room/private chef's kitchen; children's playroom; library; billiards lounge; motor court. Floors 1-5 house an NYU-Langone hospital (the Lower Manhattan branch); floors 6-25 originally housed a public school (PS 397) — these institutional uses below the residential tower were unique to the development. Whole Foods at base.
Policy framework
- Type: Rental (formerly planned condominium)
- Lease term and credit screening only
Recent activity
$930M block sale in 2023-2024 of the retail/residential condo to Blackstone-affiliated entity. Per-square-foot rents in the upper Manhattan luxury band.
Architectural register
Nicolai Ouroussoff (NYT): "the finest skyscraper to rise in New York since [Eero Saarinen's] CBS Building."
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, pool, residents' lounge, media room, playroomSource: 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
- $580,866/yr
- Per unit / month range
- $0 – $54
- Modeled exposure split equally across 899 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 FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 2015–20 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.
421-a Tax Abatement
- Last year of benefit
- FY2031
- Years remaining
- ~6 yrs
- Program
- 421-a (20-year)
A long-dated tax benefit still in place — a meaningful carrying-cost advantage today. Note the eventual step-up toward full taxes when the abatement ends.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2032 runs July 1, 2031 to June 30, 2032.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Closed rents at New York by Gehry, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 17 | $4,395 |
| 1 bedroom | 45 | $6,047 |
| 2 bedroom | 24 | $10,401 |
| 3 bedroom | 4 | $16,310 |
90 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.
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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 New York by Gehry and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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Comparable buildings
- 130 William — Adjaye 2022; nearby FiDi peer
- 50 West Street — Jahn 2017; nearby FiDi peer
- 25 Park Row — CookFox 2021; nearby FiDi peer
- 565 Broome — Piano 2019; nearby downtown trophy peer
- The Flatiron Building (175 Fifth) — Burnham 1902 / Sofield 2026; nearby Flatiron trophy 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
- 1 Wall Street Court (Cocoa Exchange / Beaver Building) — 1904 condominium
- 3 Hanover Square (Cotton Exchange Building) — 1922 co-op
- 5 Beekman Street (The Beekman Residences) — 2016 condominium
- 15 Broad Street (Downtown by Starck) — 1914 condominium
- 15 William Street (William Beaver House) — 2008 condominium by SLCE Architects
- 20 Pine Street (The Collection) — 1928 condominium
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.
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646.939.7375 · c.cohen@compass.com