Financial District
Commercial Real Estate
Downtown Manhattan's historic financial center transformed into a vibrant live-work-play destination. We specialize in off-market FiDi transactions and office-to-residential conversions.
Total Office Inventory
Avg. Office Rent
Avg. Cap Rate
Residents (2024)
FiDi: NYC's Conversion Epicenter
More 467-m eligible buildings than any other Manhattan neighborhood.
Pre-1990 office buildings eligible for conversion tax abatement
Estimated square footage of potential office-to-resi conversions
467-m program provides significant property tax relief
Converted units commanding premium residential rents
FiDi Submarkets
Deep expertise across all Financial District micro-markets.
Wall Street Core
Historic financial center from Broad Street to Water Street. Institutional tenants and conversion opportunities.
Avg. Rent
$55-$70/SF
Cap Rate
5.5-6.5%
World Trade Center
Modern Class A corridor around the rebuilt WTC. Premium rents with state-of-the-art infrastructure.
Avg. Rent
$75-$95/SF
Cap Rate
5.0-5.5%
Seaport District
Emerging mixed-use area east of Water Street. Creative office and retail opportunities.
Avg. Rent
$50-$65/SF
Cap Rate
6.0-7.0%
City Hall Area
Northern FiDi near Brooklyn Bridge. Government and professional services tenancy.
Avg. Rent
$45-$60/SF
Cap Rate
6.0-6.5%
Recent FiDi Transactions
Representative deals from our Financial District portfolio.
Why Invest in the Financial District?
Higher Cap Rates
50-100 basis points higher than comparable Midtown buildings, offering better yields and value-add potential.
Conversion Upside
More 467-m eligible buildings than any other neighborhood. Obsolete office can become premium residential with significant tax abatement.
Growing Residential Base
60,000+ residents and growing, creating demand for retail, services, and amenities that support property values.
Unmatched Transit
Fulton Center hub connects 9 subway lines. PATH, ferry, and all major bridges accessible, making FiDi the most connected neighborhood in NYC.
Financial District FAQ
Is the Financial District a good area to invest in commercial real estate?
FiDi offers compelling value with cap rates 50-100 bps higher than Midtown, excellent transit access, and strong conversion potential. Post-pandemic, the residential population has grown significantly, creating a true live-work-play environment. Institutional investors are actively seeking FiDi assets.
What office buildings in FiDi are eligible for 467-m conversion?
Buildings constructed before 1990 with 25% or more office use may qualify for NYC's 467-m tax abatement program. Key FiDi conversion candidates include pre-war buildings on Wall Street, Water Street towers, and Broad Street office buildings. We maintain a database of eligible properties.
What are FiDi office cap rates in 2024-2025?
Financial District office cap rates range from 5.5% to 7.0% depending on building class and condition. Class A WTC-area buildings trade at 5.0-5.5%, while older Class B buildings on secondary streets may trade at 6.5-7.0%. Conversion candidates often price based on residential exit potential.
How does FiDi compare to Midtown for office investment?
FiDi offers 50-100 bps higher cap rates than equivalent Midtown buildings, lower basis for value-add plays, and significant conversion upside. The tradeoff is lower asking rents and narrower tenant depth. For investors seeking value-add or conversion opportunities, FiDi often presents superior risk-adjusted returns.
Own a FiDi Building?
Get a confidential valuation and learn about conversion potential or current buyer demand for your Financial District asset.