A sparkling office-to-residential conversion near Wall Street
A 1,900-piece Louis XV crystal chandelier once owned by J.P. Morgan hangs in the lobby of Downtown by Philippe Starck, also known as 15 Broad, greeting guests and residents as they come in or on their way to get the mail. It makes sense, as the building—across the street from the New York Stock Exchange—was once the headquarters of J.P. Morgan & Co. “The chandelier makes a serious impression,” says Erin Sykes, the chief economist at Nestseekers, who has lived in the building since 2019. “I’m a history buff, so the link to J.P. Morgan appealed to me. The building had a story, plus every amenity under the sun.” The building dates to 1928, but its office-to-residential conversion—helmed by French starchitect Philippe Starck—was completed in 2007. The 42-story limestone building brought 382 residences to the neighborhood when the Financial District was on the cusp of getting hot. “There are plenty of restaurants here now; it’s not just a place to be from 9 a.m. to 5 p.m. on weekdays anymore,” Sykes says. “Your friends will come to see you now, which never used to happen.”
Converted residences with modest common charges
The residences at 15 Broad range from oversized studios to four-bedroom penthouse duplexes. Many of the units that are original to the Starck redesign are ripe for renovation, Sykes explains. “Some of the early investors are starting to trade those units, and they have not been updated since they were originally fit out 20 years ago,” she says, noting that she updated her own place when she bought it and is confident the investment will bring a high return. Prices range from about $800,000 for a one-bedroom unit to over $4 million for four bedrooms. The building did have a tax abatement, and although that has expired, the lower tax basis translates into a lower annual bill. There are also fairly modest common charges, Sykes added. For those looking to sublet, a studio might rent for around $4,500 a month, while a three-bedroom with three-and-a-half bathrooms commands about $22,500 a month.
Entertaining above the New York Stock Exchange
“Starck Park” is on the seventh floor, including a lounge and “massive” sundeck with water features and plenty of places for lounging or entertaining. “It’s high enough that you have privacy, but you still feel like you’re in the mix,” Sykes says, noting that residents can rent the space for private events. “You can feel the energy of Wall Street.” The children’s playroom features a puppet theater and craft area, and there’s a private theater created by Theo Kalomirakis of TK Theaters, a specialist in opulent home media centers. URBN Playground oversees the fitness center and includes a gym, a pool, squash and basketball courts and a dance and yoga studio. There’s also a study and a bowling alley on-site. The building is fully staffed, and “the doorman and desk staff are so nice, happy to be there and helpful,” Sykes added.
Follow the money to historic FiDi
This is the heart of Wall Street. Expect to see traders by day, not to mention fiscally minded tourists. It’s also one of the oldest developed areas in New York City, with cobblestone streets and historic eateries such as the Fraunces Tavern, dating to 1762. It’s a less than 10-minute walk north to the World Trade Center and Oculus—a mall and transit hub, as well as a striking architectural feat—and The Perelman Performing Arts Center, which started producing music, dance and other shows in 2023. The Battery is also about 10 minutes in the other direction and offers water views, an urban farm and the SeaGlass Carousel, which lets kids of all ages ride on sparkling sea creatures. Whole Foods has a location on Wall Street, and many young residents of 15 Broad attend Léman Manhattan Preparatory School next door, serving students from pre-kindergarten through high school.
Subway lines merge at the southern tip of Manhattan
The building has several train stations within a few minutes’ walk, starting with the J and Z on Broad Street—just outside the residence’s doors. The 4 and 5 trains at Wall Street are about two blocks away, while the N, R and W can be found on Rector Street, another block to the west. The 2 and 3 trains also stop on Wall Street, with the station one block to the east of 15 Broad. Drivers have quick access to Franklin Delano Roosevelt Drive, which runs the length of Manhattan’s East Side.
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Area Factors
Low Crime
Crime Score®
4/ 10
Very Bikeable
Bike Score®
82/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Queen Elizabeth II Garden
3 min walk
Picnic Area
Trails
Edgar H. Berger Plaza
3 min walk
Picnic Area
Old Slip Park
4 min walk
Zuccotti Park
4 min walk
Mannahatta Park
5 min walk
Gwathmey Plaza
6 min walk
Picnic Area
Albany Street Plaza
6 min walk
Picnic Area
Liberty Park
7 min walk
Picnic Area
DeLury Square
9 min walk
Trails
Schools
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