Financial District.
Sub-VP banking analyst → associate (25-32), 1-2BR condos, 5-min walk to Wall Street offices
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.
- • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
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.
The two cohorts you actually came for.
Pre-1930 envelope · ≥1,200 sqft · condo or condop
- 119 FULTON Street · 82BR · 1,321 sqft · 1919 · PSF $1,325$1.8M
- 8 HARRISON Street · 42BR · 1,810 sqft · 1915 · PSF $1,326$2.4M
- 100 BARCLAY Street · 27BC6BR · 5,582 sqft · 1930 · PSF $2,508$14M
- 360 Furman Street · 3052BR · 1,386 sqft · 1928 · PSF $1,367$1.9M
No active listings matching this signal in the current cohort.
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.
| Building | Active asks | Asking range (low · median · high) | Closings · 12mo | Closing 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 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 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 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 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 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 sale -39.9% vs ask | Liquid ratio 7.5× |
list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.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.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.
Time-on-the-clock, not distance-on-a-map.
Who actually buys here.
Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.
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.
If this cohort is too tight, look here next.
Ask Denza about Financial District.
Tell our AI a budget, a beds count, and a commute. Three buildings and a comp grid in 90 seconds. Same data that powered this memo.