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55 Water Street

Financial District

New York, NY 10041

  • 1,993 - 69,459 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerCBRE
  • Floors53
  • Height687 feet
  • ArchitectEmery Roth & Sons; Harman Jablin Architects
  • Walk Score®98
  • Year Built1972
  • Noise Index0.32

55 Water Street, New York, NY 10004 is located on the corner of Water Street and Hanover Square. Completed in 1972, the building stands at 53 floors tall and features over 3,500,000 square feet in office space for rent, making it one of the largest structures in the world. Although an older building, 55 Water Street has undergone various capital improvement plans over the course of its life. The building stands in close proximity to the yellow and red MTA subway line as well as the Staten Island ferry. Hundreds of different restaurants also pepper the surrounding neighborhood. The edifice’s proximity to the other office buildings that surround the neighborhood make this space ideal for an organization needing closeness to partner firms or clients. As a result, such excellent placement adds a significant amount of value for the building’s tenants. When the building was first completed in 1972 it was the largest office building in the world. It currently stands as the largest open office building in New York City, but will soon be overtaken when the new World Trade Center opens later on in 2014.

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  • Availability

    UnitSizePriceInquire
    1st Floor - Suite1,993 sqftInquire for pricing
    1st Floor - Suite9,507 sqftInquire for pricing
    1st Floor - Suite11,892 sqftInquire for pricing
    Partial 28th Floor19,342 sqftInquire for pricing
    Office Space21,604 sqftInquire for pricing
    Office Space24,320 sqftInquire for pricing
    Office Space24,320 sqftInquire for pricing
    Office Space30,218 sqftInquire for pricing
    Office Space30,218 sqftInquire for pricing
    Partial 31st Floor33,777 sqftInquire for pricing
    31st Floor - Suite34,196 sqftInquire for pricing
    Partial 31st Floor34,461 sqftInquire for pricing
    Partial 28th Floor35,020 sqftInquire for pricing
    Entire 28th Floor36,018 sqftInquire for pricing
    Entire 28th Floor38,018 sqftInquire for pricing
    1st Floor - Suite44,863 sqftInquire for pricing
    3rd Floor - Suite52,455 sqftInquire for pricing
    Entire 29th Floor60,388 sqftInquire for pricing
    Office Space60,818 sqftInquire for pricing
    Office Space63,588 sqftInquire for pricing
    18th Floor - Suite64,522 sqftInquire for pricing
    Entire 31st Floor65,388 sqftInquire for pricing
    Entire 27th Floor66,319 sqftInquire for pricing
    Entire 29th Floor66,612 sqftInquire for pricing
    Entire 30th Floor66,619 sqftInquire for pricing
    Entire 27th Floor67,197 sqftInquire for pricing
    Entire 30th Floor67,413 sqftInquire for pricing
    Entire 29th Floor67,416 sqftInquire for pricing
    1st Floor - Suite68,705 sqftInquire for pricing
    48th Floor - Suite68,793 sqftInquire for pricing
    Entire 49th Floor69,459 sqftInquire for pricing
    • 0.04 mi🥘Insomnia Cookies
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    • 0.05 mi🥘Guacstar
    • 0.05 mi🥘Zigolini's
    • 0.06 mi🌲Elevated Acre
    • 0.06 mi☕️FIKA Pearl Street
    • 0.06 mi🥘Justino's Pizzaria
    • 0.06 mi🥘Golden Chopsticks
    • 0.06 mi🌲Fraunces Tavern Block Historic District
    • 0.07 mi🥘Shorty's
    • 0.07 mi🥘Terrace Fish & Chips
    • 0.07 mi🥘Route 66 Smokehouse
    • 0.07 mi🥘Bombay Cuisine
    • 0.07 mi🌲Stone Street Historic District
    • 0.08 mi🥘Smorgas Chef
    • 0.08 mi🥘The Growler
    • 0.08 mi🍺The Dubliner
    • 0.08 mi🥘Vintry
    • 0.08 mi🥘Bavaria Bierhaus
    • 0.09 mi🍺Fraunces Tavern
    • 0.09 mi🥘Harry's Cafe
    • 0.09 mi🥘Crepes Du Nord
    • 0.09 mi☕️Starbucks
    • 0.1 mi🥘The Original Soupman
    • 0.1 mi🥘Luke's Lobster
    • 0.1 mi🥘Joseph's Ristorante
    • 0.1 mi☕️Leonidas
    • 0.11 mi🥘Lenwich
    • 0.11 mi🥘Underground Pizza
    • 0.11 mi☕️Potbelly
    • 0.12 mi🍺Delmonico's Bar & Grill
    • 0.12 mi☕️Hanover Gourmet Deli
    • 0.12 mi🥘Mercantile Grill
    • 0.12 mi🥘Taste of Tokyo
    • 0.13 mi☕️Cafe Bravo
    • 0.13 mi☕️Hanover Cafe
    • 0.13 mi🥘Nebraska Steakhouse
    • 0.13 mi☕️Latte Art
    • 0.14 mi🥘Open Kitchen
    • 0.14 mi🍺Killarney Rose
    • 0.14 mi🥘Hale & Hearty Soup
    • 0.15 mi☕️Starbucks
    • 0.15 mi🥘Haru Sushi
    • 0.15 mi🥘Dina Rata
    • 0.15 mi🥘Fino Ristorante Italiano
    • 0.16 mi☕️Così
    • 0.16 mi☕️Au Bon Pain
    • 0.17 mi☕️Starbucks
    • 0.17 mi🥘Blimpie
    • 0.18 mi🚇RWWhitehall Street - South Ferry
    • 0.18 mi☕️Pret-a-Manger
    • 0.18 mi🍺The Irish Punt
    • 0.18 mi🥘Cucina Bene Pizza
    • 0.19 mi☕️Starbucks Coffee
    • 0.19 mi🥘Au Bon Pain
    • 0.19 mi🥘Nikoniko Sushi Bowl
    • 0.19 mi🥘Cipriani
    • 0.2 mi🥘Bobby Van's
    • 0.2 mi☕️Crumbs
    • 0.21 mi🚇1South Ferry
    • 0.22 mi🚇JZBroad Street
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    • 0.23 mi🥘The Exchange
    • 0.23 mi☕️Starbucks Coffee
    • 0.23 mi☕️Black Fox coffee co.
    • 0.23 mi🚇1Old South Ferry
    • 0.23 mi🚇23Wall Street
    • 0.24 mi☕️Bakery Cafe
    • 0.24 mi💪New York Sports Club
    • 0.24 mi🍺Bailey Pub & Brasserie
    • 0.24 mi☕️Taz Cafe
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    • 0.26 mi🥘Roti
    • 0.26 mi🥘Ramen Co.
    • 0.27 mi☕️Au Bon Pain
    • 0.27 mi🥘Terri
    • 0.27 mi🥘Hale and Hearty Soups
    • 0.27 mi☕️Starbucks
    • 0.27 mi🥘TGI Friday's
    • 0.28 mi💪Equinox Wall Street
    • 0.28 mi☕️Tous Crêpes
    • 0.29 mi🥘Clarke's Standard
    • 0.29 mi🥘Tr3s Carnes
    • 0.29 mi☕️Potbelly
    • 0.3 mi🥘Battery Gardens
    • 0.3 mi☕️Bean And Bean
    • 0.31 mi🥘Giardino D'oro
    • 0.31 mi🥘Variety Cafe
    • 0.31 mi🥘The Capital Grille
    • 0.33 mi🥘Harry's Italian
    • 0.33 mi🚇45Wall Street
    • 0.33 mi🍺Jim Brady's
    • 0.33 mi☕️Flavors
    • 0.34 mi🚇RWRector Street
    • 0.34 mi🥘Trading Post
    • 0.34 mi🥘El Luchador
    • 0.35 mi🚇1Rector Street
    • 0.35 mi🥘Roast Kitchen
    • 0.35 mi☕️coffee shop
    • 0.36 mi☕️Starbucks
    • 0.37 mi🥘Mooncake Foods
    • 0.37 mi☕️Rtisan Coffee Project
    • 0.37 mi🍺Stout NYC - FiDi
    • 0.37 mi☕️Starbucks
    • 0.38 mi☕️Starbucks
    • 0.39 mi🍺Ambrose Hall
    • 0.39 mi🥘Diwanekhaas
    • 0.39 mi☕️Jou Jou Cafe
    • 0.4 mi☕️Federal Cafe
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    • 0.41 mi🌲South Street Seaport Historic District
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    • 0.46 mi🥘BLT Bar & Grill
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    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 New York City. 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.

    Popular buildings for Financial District office space include 11 Broadway, 80 Maiden Lane, The Western Electric Building at 222 Broadway, and The Home Insurance Plaza at 59 Maiden Lane. Our brokers have also helped tenants find offices in 85 Broad Street, 80 Pine Street, and The Insurance Building at 111 John Street.

    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. For more recommendations of things to see, do, eat, and drink in the area, check out our Best of FiDi local guide and our team’s favorite Financial District coffee shops.

    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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