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40 Rector St
New York, NY 10006

Price Upon Request

Medical Condos For Sale  •  24,412 SF

Property Details

  • Property Type Medical
  • Total Building Size 575,187 SF
  • Lot Size 0.72 AC
  • Building Class B
  • Year Built 1922
  • Tenancy Multiple
  • Zoning C6-4C
100 Transit Score
100 Walk Score

2 Units Available

Name Condo Use Size Price Details
6th Floor - Unit 300 Medical Office 24,412 SF Price Upon Request
  • Unit Size: 24,412 SF
  • Condo Use: Medical Office
  • Price: Price Upon Request
  • Sale Type: Investment or Owner User
Description
The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.

Sale Notes
Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire sixth (6th) and seventh (7th) floors at 40 Rector Street (“The Property”). Located in the heart of Lower Manhattan, the building is in close proximiy to the newly redeveloped World Trade Center site and Brookfield Place with access to many subways, the PATH train and several ferry lines. This ownership opportunity would provide most non-profits and government entities an exemption from paying real estate taxes. The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.
7th Floor - Unit 700 Medical Office 24,412 SF Price Upon Request
  • Unit Size: 24,412 SF
  • Condo Use: Medical Office
  • Price: Price Upon Request
  • Sale Type: Investment or Owner User
Description
The space is built-out as a modern higher-education installation with 16 classrooms, 59 offices, 2 computer labs, a large library, student lounge, 4 conference rooms, multiple server/IT rooms, 8 single restrooms and 4 communal restrooms.

Sale Notes
Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire sixth (6th) and seventh (7th) floors at 40 Rector Street (“The Property”). Located in the heart of Lower Manhattan, the building is in close proximiy to the newly redeveloped World Trade Center site and Brookfield Place with access to many subways, the PATH train and several ferry lines. This ownership opportunity would provide most non-profits and government entities an exemption from paying real estate taxes.

Description 

Originally designed by Warren & Wetmore and renovated in 1971, is undergoing a multi-phase, multi-million-dollar makeover that will give it a new front entrance, lobby, windows, common corridors, bathrooms and base building systems, along with upgraded elevator cabs and systems. Designing the property’s new look is architectural firm Andrés Escobar & Associés. 

PATH access from the WTC and subway access from the R, W and 1 lines to Rector Street and the 4 and 5 lines to Wall Street. 

Visibility from the West Side Highway

Property Flyers

Amenities

  • 24 Hour Access
  • Atrium
  • Bus Line
  • Metro/Subway
  • Property Manager on Site
  • Restaurant
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Pavonia/Newport (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 12 min - 4.5 mi
Exchange Place (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 13 min - 4.9 mi
Transit/SubwayDriveWalkDistance
Rector Street (1 Line) (1 - New York MTA Subway (The Subway)) 1 min 1 min 0.1 mi
Rector Street (N,R Line) (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
Broad Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 0 min 6 min 0.2 mi
Wall Street (4,5 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
Cortlandt Street (R Line) (1 - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
AirportDriveWalkDistance
Laguardia 23 min - 11.8 mi
Newark Liberty International 21 min - 13.1 mi
John F Kennedy International 33 min - 20.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Bryan Hurley 212-660-7706 Cushman & Wakefield
Bryan Hurley 212-660-7706 Cushman & Wakefield