40 Rector St, New York, NY, Class B Office Building

40 Rector St, New York, NY, Class B Office Building

40 Rector St, New York, NY, 10006

Cross Streets are: West St and Washington St

19 Story Class B Office Building

Originally crafted by renowned architectural firm Warren & Wetmore and updated in 1971, this iconic property is now undergoing a transformative, multi-phase renovation worth millions. The comprehensive upgrades will introduce a striking new entrance, a redesigned lobby, modernized windows, fully refreshed common corridors and restrooms, and state-of-the-art base building systems. Elevator cabs and mechanical systems are also being elevated to the highest contemporary standards.

The building’s reimagined aesthetic is being led by acclaimed design firm Andrés Escobar & Associés, known for blending timeless elegance with modern sophistication.

Tenants will benefit from seamless transit access, with PATH connections through the World Trade Center and nearby subway service via the R, W, and 1 lines at Rector Street, as well as the 4 and 5 lines at Wall Street. The building also enjoys excellent visibility from the West Side Highway, offering both convenience and a prominent presence in the heart of Lower Manhattan.

2024 The overall market in Financial District office space rent price asks around: $35-50 for Class B office rent.

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Property Details

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• Some space are fully built out with furniture
• Some space just open floors
• Total floors: 19
• Total Building Size: 575,187 SF
• Typical Floor Size: 30,273 SF
• Multiple spaces are available on different floors
• Sizes from 6,295 SF up to 36,295 SF
• Approximate price in this building from $39.00 – 45.00 PSF
• 11th Floor
• Year Built: 1921
• Year Renovated: 1971

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Building Amenities

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• 24 Hour Access
• Atrium
• Property Manager on Site
• Signage

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Notable tenants at this location

• Council of School Supervisors & Adminis trators
• NAACP Legal Defense Fund
• Urban Justice Center
• Grace Institute School
• Doctors Without Borders

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Transportation around Financial District

It is one of the most communicative places in Manhattan as it sits in the middle between Staten Island, Queens, Bronx and Brooklyn. You can basically use all kinds of transportation  – 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, and Z subway lines, regional buses and 2 ferry lines, not to mention one of the best walkability rates in the States.  Trains:

Lexington Avenue Line

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Broadway–Seventh Avenue Line

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Eighth Avenue Line

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