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40 Rector Street

Financial District

New York, NY 10006

  • 750 - 34,521 sqft
  • ~$53/sqft

Building Details

  • Floors18
  • Height220
  • ArchitectWarren & Wetmore
  • Walk Score®100
  • Year Built1920
  • Noise Index0.32
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  • Availability

    UnitSizePriceInquire
    7th Floor750 sqft$3,312 /mo est
    1st Floor - Suite 21,372 sqft$6,059 /mo est
    1st Floor - Suite 12,247 sqft$9,924 /mo est
    Ground Floor4,500 sqft$19,875 /mo est
    19th Floor19,477 sqft$86,023 /mo est
    18th Floor29,962 sqft$132,332 /mo est
    Entire 15th Floor31,142 sqft$137,543 /mo est
    3rd Floor34,512 sqft$152,428 /mo est
    4th Floor34,512 sqft$152,428 /mo est
    3rd Floor34,521 sqft$152,467 /mo est
    4th Floor34,521 sqft$152,467 /mo est
    • 0.02 mi🥘St. George Tavern
    • 0.04 mi🍺Clinton Hall
    • 0.06 mi🥘BLT Bar & Grill
    • 0.07 mi🥘Bills
    • 0.08 mi🥘Morton's Steakhouse
    • 0.09 mi🚇1Rector Street
    • 0.11 mi🚇RWRector Street
    • 0.12 mi🍺O'Hara's Pub
    • 0.13 mi🥘Variety Cafe
    • 0.15 mi☕️Bean And Bean
    • 0.17 mi🥘TGI Friday's
    • 0.17 mi🍺Trinity Place Bar and Restaurant
    • 0.17 mi🚇45Wall Street
    • 0.18 mi☕️Starbucks
    • 0.19 mi🥘Ningbo Cafe
    • 0.22 mi🚇1Cortlandt Street
    • 0.22 mi💪Equinox Wall Street
    • 0.22 mi☕️Bluestone Lane Coffee
    • 0.22 mi🥘Inatesso
    • 0.23 mi🥘The Exchange
    • 0.23 mi🥘The Capital Grille
    • 0.24 mi🚇JZBroad Street
    • 0.24 mi☕️Crumbs
    • 0.24 mi☕️Coffee Bean & Tea Leaf
    • 0.25 mi🚇RWCortlandt Street
    • 0.25 mi🥘Bobby Van's
    • 0.25 mi🥘Merchants River House
    • 0.26 mi🥘Bento Sushi
    • 0.26 mi☕️Pret-a-Manger
    • 0.27 mi🌲Pumphouse Park
    • 0.27 mi☕️Starbucks
    • 0.27 mi🚇45Bowling Green
    • 0.28 mi☕️Au Bon Pain
    • 0.28 mi💪New York Sports Club
    • 0.28 mi☕️Così
    • 0.29 mi🥘Oka Sushi
    • 0.29 mi🍺The Irish Punt
    • 0.29 mi🥘Cucina Bene Pizza
    • 0.29 mi☕️Starbucks
    • 0.29 mi🥘22 Thai Cuisine
    • 0.29 mi☕️Federal Cafe
    • 0.29 mi🥘Diwanekhaas
    • 0.29 mi🚇PATHWorld Trade Center
    • 0.29 mi☕️Jou Jou Cafe
    • 0.3 mi🥘Blimpie
    • 0.3 mi☕️Starbucks Coffee
    • 0.3 mi🥘Hale & Hearty Soup
    • 0.3 mi🥘Gigino at Wagner Park
    • 0.31 mi🥘Arou Dee Thai Kitchen
    • 0.31 mi🚇23Wall Street
    • 0.32 mi🥘Pier A Harbor House
    • 0.32 mi🚇45Fulton Street
    • 0.32 mi🥘Cipriani
    • 0.32 mi🍺Bailey Pub & Brasserie
    • 0.32 mi🥘Les Halles
    • 0.33 mi🥘Open Kitchen
    • 0.33 mi☕️Latte Art
    • 0.33 mi☕️d'Elici
    • 0.33 mi🥘Nebraska Steakhouse
    • 0.34 mi🍺Delmonico's Bar & Grill
    • 0.34 mi🌲World Financial Center Plaza
    • 0.34 mi☕️Taz Cafe
    • 0.34 mi🥘Luke's Lobster
    • 0.34 mi🥘The Diner
    • 0.35 mi🥘Sabor de Mexico
    • 0.35 mi☕️Hanover Gourmet Deli
    • 0.35 mi🥘Stage Door Deli
    • 0.35 mi🥘Crepes Du Nord
    • 0.35 mi🚇RWWhitehall Street - South Ferry
    • 0.35 mi🥘Taste of Tokyo
    • 0.36 mi☕️Potbelly
    • 0.36 mi🥘Underground Pizza
    • 0.36 mi🚇EWorld Trade Center
    • 0.36 mi🍺Jim Brady's
    • 0.36 mi🍺The Dubliner
    • 0.36 mi🥘Kortako
    • 0.36 mi🥘Bavaria Bierhaus
    • 0.36 mi🥘The Growler
    • 0.36 mi🥘Vintry
    • 0.36 mi☕️coffee shop
    • 0.36 mi🥘Smorgas Chef
    • 0.37 mi☕️Starbucks Coffee
    • 0.37 mi🥘Joseph's Ristorante
    • 0.37 mi☕️Starbucks
    • 0.37 mi☕️Leonidas
    • 0.37 mi🥘P.J. Clarke's
    • 0.37 mi🌲Stone Street Historic District
    • 0.37 mi☕️Hanover Cafe
    • 0.37 mi🥘Harry's Cafe
    • 0.37 mi🥘Route 66 Smokehouse
    • 0.37 mi🥘Terrace Fish & Chips
    • 0.38 mi☕️Financier Patisserie
    • 0.38 mi🥘Golden Chopsticks
    • 0.38 mi🚇ACJZFulton Street-Broadway Nassau
    • 0.38 mi☕️Black Fox coffee co.
    • 0.38 mi🥘Justino's Pizzaria
    • 0.39 mi☕️Cafe Bravo
    • 0.39 mi🍺Killarney Rose
    • 0.39 mi☕️Ciao
    • 0.39 mi🥘Au Bon Pain
    • 0.39 mi🥘Giardino D'oro
    • 0.39 mi🥘Pisillo Italian Panini
    • 0.39 mi🍺Fraunces Tavern
    • 0.4 mi🥘Bombay Cuisine
    • 0.4 mi🥘Shorty's
    • 0.4 mi☕️Starbucks
    • 0.4 mi🥘Nu Sushi
    • 0.4 mi🥘Insomnia Cookies
    • 0.4 mi🥘Fino Ristorante Italiano
    • 0.4 mi☕️FIKA Pearl Street
    • 0.4 mi🥘The Original Soupman
    • 0.4 mi🥘Lenwich
    • 0.4 mi🥘Zigolini's
    • 0.4 mi🥘Haru Sushi
    • 0.4 mi🌲Fraunces Tavern Block Historic District
    • 0.4 mi🥘Mercantile Grill
    • 0.41 mi🥘Guacstar
    • 0.41 mi🥘Harry's Italian
    • 0.41 mi☕️Potbelly
    • 0.41 mi🥘GRK Fresh Greek
    • 0.41 mi🥘Dina Rata
    • 0.42 mi🥘Nikoniko Sushi Bowl
    • 0.42 mi🥘Roti
    • 0.42 mi☕️Pick-a-Bagel
    • 0.42 mi🥘Zigolini's Gourmet Deli
    • 0.42 mi🥘Ramen Co.
    • 0.42 mi🥘Terri
    • 0.42 mi☕️Starbucks
    • 0.42 mi🥘Blue Smoke
    • 0.42 mi🥘Tr3s Carnes
    • 0.43 mi🍺Stout NYC - FiDi
    • 0.43 mi🥘Clarke's Standard
    • 0.43 mi🚇23Fulton Street
    • 0.43 mi🥘Melt Shop
    • 0.43 mi🥘Hale and Hearty Soups
    • 0.44 mi🥘Chipotle
    • 0.44 mi🚇23Park Place
    • 0.44 mi☕️Starbucks
    • 0.46 mi☕️Au Bon Pain
    • 0.46 mi☕️Dunkin' Donuts
    • 0.46 mi☕️Tous Crêpes

    Neighborhood

    Financial District

    The Financial District, nicknamed FiDi, is widely considered the leading financial center of the world. It houses many of New York City’s financial institutions–banks, insurance companies and other large corporations–such as the New York Stock Exchange and the Federal Reserve Bank of New York.

    Giants such as Goldman Sachs, Deutsche Bank and American Express already work out of the Financial District, as do many startups and mature mid-size firms. Given the available inventory and low asking rents, the Financial District has appeal to a range of businesses outside the financial services world.

    Financial District Office Space | Lease Data & Trends

    FiDi has some of the most affordable office space in Lower Manhattan. On average, Financial District office rent comes out to $53 per square foot and $57 for office space in a Class A building. These are significantly cheaper than average asking rents in popular neighborhoods such as Flatiron District, Plaza District, Hudson Square, Chelsea, and SoHo. With a vacancy rate of 12.3%, above the city average of 10%, there’s plenty of available spaces to choose from.

    What Our Brokers Say

    Offices in the Financial District, Water Street Corridor, and World Trade Center enjoy a range of convenient public transit options. Commuters can take the 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, and Z trains, the Staten Island Ferry, East River Ferry, or the PATH Train.

    More than 25 percent of working individuals in the Financial District work in finance or insurance. During the day, FiDi comes to life with thousands of young professionals climbing the corporate ladder and tourists seeing the sights; at night, it tends to become calm and quiet compared to other areas of the city. More than 48,000 people live in the Financial District, and the average household income is $191,807. Almost half of residents hold a college degree, and more than 30 percent have a graduate degree as well.

    The neighborhood is perhaps best known for Wall Street, where workers earn 21.9 percent of wages of all of NYC. Geographically, Wall Street is an eight-block-long street located between Broadway and South Street. People tend to use the term “Wall Street” to discuss the United States’ financial markets and industries overall. You can find companies such as Morgan Stanley, Citigroup and JPMorgan Chase, among other big names crunching numbers on Wall Street. Many startups are leaving Midtown to take advantage of the cheaper rents, including VC-backed x.ai, Olo, Namely, and LifeBEAM.

    Get to Know the Neighborhood

    The Financial District is one of Manhattan’s oldest neighborhoods. If you want a break from the stresses of work, check out the South Street Seaport, a historic district with shopping, gorgeous views of the Brooklyn Bridge, New York City’s first luxury movie theater and plenty of places to eat. Looking for a place to meet up with a client? Popular business lunch destinations in the Financial District are the Blue Ribbon Federal Grill, Broadstone Bar & Kitchen, and Trinity Place.

    The Statue of Liberty, a famous tourist destination on Ellis Island, overlooks the Financial District. View it across the channel from Manhattan or take a Statue Cruise across the channel to see one of the country’s most popular landmarks up close. France gave the USA the 152-foot high iconic landmark in 1886.

     

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