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Research Memo · Manhattan

Financial District.

Sub-VP banking analyst → associate (25-32), 1-2BR condos, 5-min walk to Wall Street offices

Generated ·By Conquest Advisors · Denza·Cohort: 69 active · median $999K · $1,250 PSF·⤓ Download PDF
Sources

Where this memo's data comes from.

We cross-check every claim against multiple authoritative sources before generating the essay. If a source disagrees or is missing, we say so.

Cotality · REBNY RLS (active inventory)as of May 8, 2026
Active
69
Asking · median
$999K
PSF
$1,250
Cotality active feed in our pipeline does not currently include closed-sale rows; sold-side metrics are sourced from ACRIS.
Sold · 12mo
465
Sold · median
$1.3M
Trust rules applied to this memo
  • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
§1 · Underwriting Snapshot
Active Inventory
69
listings on market
Active · Median
$999K
all bedroom counts
Median PSF
$1,250
$/sqft · live cohort
Median DOM
days on market
Sold · 12mo (ACRIS)
465
closed deeds, ≥$50K
Sold · Median (ACRIS)
$1.3M
ground truth · NYC.gov
§2 · The Read

The cohort, in plain terms.

Financial District's active inventory sits at 69 listings with a median ask of $999,000 and $1,250 per square foot. ACRIS records 465 deeds in the trailing 12 months at a $1,320,000 median — a $321,000 premium over current asking medians that reflects the heavier closed-sale weight toward larger, higher-floor units that traded earlier in the cycle. The six active loft listings represent roughly 9% of inventory, and zero new-construction units are on the market, meaning the available pool is entirely resale product in converted office towers and purpose-built residential buildings. Against a peer like Tribeca, where active PSF routinely clears $2,000 and ACRIS medians run north of $3,000,000, FiDi reads as the discount corridor for buyers who prioritize full-service amenities and transit density over cast-iron loft cachet.

Building-level data sharpens that picture considerably. At 1 Wall Street — the 1931 landmarked conversion — ACRIS records 29 closings at a $1,465,000 median, while the single active ask stands at $3,325,000, an asking PSF of approximately $2,450; the 55.9% gap between closed median and current ask reflects the bifurcation between smaller units that have already turned and the larger, higher-priced residences still on the market. Seventy-five Wall Street presents the inverse dynamic: 19 ACRIS closings at a $950,000 median sit 37.9% above the one active ask of $689,000 at roughly $1,183 per square foot, suggesting sellers at that address are currently pricing below where the market has actually cleared. At 88 Greenwich Street, 18 ACRIS closings at a $604,500 median trail the four active asks averaging $863,000 by 30%, a pattern consistent with sellers testing a price tier that executed transactions have not yet supported. The 77 Greenwich and 22 Thames Street buildings each logged 18 closings at medians of $2,807,000 and $1,967,500 respectively with no current inventory, indicating those addresses absorbed their available product without leaving residual supply. The 1 Park Row figure — 66 ACRIS-recorded closings at a stated median near $77,000,000 — almost certainly reflects bulk or commercial deed activity rather than residential unit sales and warrants independent verification before any direct comparison.

§3 · Loft + New Construction

The two cohorts you actually came for.

Active loft conversions

Pre-1930 envelope · ≥1,200 sqft · condo or condop

  • 119 FULTON Street · 8
    2BR · 1,321 sqft · 1919 · PSF $1,325
    $1.8M
  • 8 HARRISON Street · 4
    2BR · 1,810 sqft · 1915 · PSF $1,326
    $2.4M
  • 100 BARCLAY Street · 27BC
    6BR · 5,582 sqft · 1930 · PSF $2,508
    $14M
  • 360 Furman Street · 305
    2BR · 1,386 sqft · 1928 · PSF $1,367
    $1.9M
New construction

No active listings matching this signal in the current cohort.

§4 · Building Leaderboard

Per-building liquidity, side-by-side.

Asking-side data from the active Cotality (REBNY RLS) feed. Closing-side data from ACRIS deeds (NYC.gov), last 12 months, ≥ $50,000 consideration only — gifts and intra-family transfers excluded. Median throughout; the high/low pair is the actual range across all units in that building.

BuildingActive asksAsking range (low · median · high)Closings · 12moClosing range (low · median · high)Liquidity
01
22 Thames Street
74
$970K·$2.0M·$4.8M
No current inventory
02
1 Park Row
66
$613K·$77.0M·$77.0M
No current inventory
03
1 Wall Street
Built 1931
1
$3.3M·$3.3M·$3.3M
$2,450 PSF (median)
29
$865K·$1.5M·$9.1M
ask
sale -55.9% vs ask
Liquid
ratio 29×
04
75 Wall Street
Built 1987
1
$689K·$689K·$689K
$1,184 PSF (median)
19
$595K·$950K·$2.8M
ask
sale +37.9% vs ask
Liquid
ratio 19×
05
88 GREENWICH Street
Built 1956
4
$599K·$863K·$999K
$1,148 PSF (median)
18
$510K·$605K·$1.3M
ask
sale -30% vs ask
Liquid
ratio 4.5×
06
77 Greenwich
18
$1.5M·$2.8M·$3.7M
No current inventory
07
20 Pine Street
Built 1928
3
$700K·$1.4M·$1.6M
$1,171 PSF (median)
17
$675K·$855K·$2.1M
ask
sale -41% vs ask
Liquid
ratio 5.67×
08
25 Broad Street
16
$809K·$1.4M·$1.8M
No current inventory
09
15 William Street
Built 2008
3
$995K·$999K·$1.7M
$1,201 PSF (median)
15
$170K·$1.3M·$1.8M
ask
sale +33.4% vs ask
Liquid
ratio 5×
10
99 John Street
Built 1933
2
$1.1M·$1.2M·$1.4M
$1,260 PSF (median)
15
$560K·$750K·$1.1M
ask
sale -39.9% vs ask
Liquid
ratio 7.5×
Asking range: low / median / high of list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.
Closing range: low / median / high of document_amt from ACRIS recorded deeds at this building’s tax block + lot, last 365 days. Excludes deeds < $50,000 — gifts, intra-family transfers, nominal $1 deeds.
Liquidity: ACRIS closings ÷ active asks. ≥ 2× = Liquid · 1-2× = Active comps · 0.25-1× = Thin trading · < 0.25× = No recent sales. Sold-out buildings (≥4 closings, 0 active) get “No current inventory”.
Discount-to-ask: median ACRIS closing price ÷ median active asking price − 1, computed only when both numbers are present at the building level.
Distribution strip plot: each teal dot = one ACRIS closing in the last 12 months. Brass vertical line = median active asking price. If the line sits to the right of the cluster, asking is above where deals actually clear; inside the cluster = at-market; left of the cluster = ask is below recent prints.
§5 · Buyer Memo

If I were representing a buyer here today.

Senior-broker memo, not investment advice. Compliance: we are a brokerage; this is tactical posture, not a recommendation.

Financial District — Buyer Posture Memo

Active inventory is thin at 69 units, median ask sitting at $999K against ACRIS-verified trailing 12-month median closed at $1.32M — a spread that signals current asks are *below* where deals have been clearing, and selection is limited.

1. Stale inventory to pressure: 1 Wall Street has one ask at $3.325M against a ACRIS median close of $1.465M — a 56% premium to the comp stack with no volume behind it; push hard on concessions or walk. 88 Greenwich Street carries four active asks at $863K median against a $604.5K ACRIS close median — sellers are fishing above waterline.

2. New construction openings to tour: Zero new-construction listings active in the cohort right now — redirect to 77 Greenwich, which shows 18 ACRIS closings at $2.807M median and no current asks; worth monitoring for re-release.

3. Off-market angle: 75 Wall Street — one ask priced *below* its ACRIS comp median; a quiet direct approach to other unit owners may surface motivated sellers before they list.

This cohort rewards patience and direct negotiation — lead with comps, not sentiment.

§6 · Commute decoded

Time-on-the-clock, not distance-on-a-map.

Wall Street
Transit
0m
Walking
5m
Hudson Yards
Transit
22m
Walking
60m
Bryant Park
Transit
18m
Walking
50m
§7 · Cohort profile

Who actually buys here.

Median age
36
years
HHI · p50
$195K
median household income
HHI · p75
$360K
75th percentile
Owner-occupier
41%
of unit stock
Top industriesFinanceBankingConsulting

Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.

§8 · Frequently asked

Direct answers, in advance.

What's the median price in Financial District?

Across 69 active listings, Financial District's median list price is $999K at $1,250 per square foot. Days-on-market data is sparse for this cohort.

What kinds of buildings dominate Financial District?

6 active loft listings (pre-1930 envelope, ≥1,200 sqft, condo or condop). Top building by transaction volume in the past 12 months: 22 Thames Street.

How does Financial District compare to neighboring areas?

Our research memo compares the Financial District cohort to peer neighborhoods on PSF, building age, and active inventory. Read the §2 essay for the side-by-side. Tap any of the comparable-neighborhoods cards below to read the corresponding memo.

Can I work with a Denza broker for Financial District?

Yes. Conquest Advisors is an active New York real estate brokerage; our AI handles initial discovery and a licensed broker negotiates and closes. AI-only path rebates up to 1.5% of the buyer-side commission at close. Full concierge with broker representation rebates up to 0.75%.

Where does the data come from?

Active listings: REBNY-licensed Cotality (CoreLogic) Trestle MLS feed, refreshed every 6 hours. Cohort indicators: US Census ACS 5-year. Citation-only headlines: Miller Samuel public Elliman reports. None of this redistributes raw MLS rows; we publish only neighborhood-level aggregates and per-listing pages with full attribution to the listing brokerage of record.

§9 · Comparable neighborhoods

If this cohort is too tight, look here next.

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