99 nassau street

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Bennett Building (New York City)

Historic building in Manhattan, New York

Bennett Building
The southeast facade, as seen from ground level at Nassau and Fulton Streets. The upper floors are shown, and contain a rounded corner and cast-iron details.

The southeast facade, seen in 2010 from the corner of Nassau and Fulton Streets

TypeCommercial
Architectural styleFrench Second Empire style
Location93-99 Nassau Street
Manhattan, New York
Coordinates40°42′38″N74°00′28″W / 40.7105°N 74.0077°W / 40.7105; -74.0077Coordinates: 40°42′38″N74°00′28″W / 40.7105°N 74.0077°W / 40.7105; -74.0077
Named forJames Gordon Bennett Jr.
Construction startedJune 1872
OpenedMay 1873
Renovated1890–92, 1894
Height125 ft (38 m)
Floor count11
Grounds10,310 sq ft (958 m2)
ArchitectArthur D. Gilman
ArchitectJames M. Farnsworth

Bennett Building

U.S. Historic district
Contributing property

NYC Landmark No. 1937

Location93–99 Nassau Street, Manhattan, New York
Built1872–1873, 1890–1892, 1894
ArchitectArthur D. Gilman, James M. Farnsworth
Architectural styleFrench Second Empire style
Part ofFulton–Nassau Historic District (ID05000988)
NYCL No.1937
Designated CPSeptember 7, 2005[2]
Designated NYCLNovember 21, 1995[1]

The Bennett Building is a cast-iron building in the Financial District of Lower Manhattan in New York City. The building is on the western side of Nassau Street, spanning the entire block from Fulton Street to Ann Street. While the Bennett Building contains a primary address of 93-99 Nassau Street, it also has entrances at 139 Fulton Street and 30 Ann Street.

The building was designed by Arthur D. Gilman in the French Second Empire style, with expansions by James M. Farnsworth that closely followed Gilman's original design. The Bennett Building contains a fully realized cast-iron facade, the largest known such example in the world, and is one of two remaining Second Empire-style office buildings south of Canal Street with cast-iron faces. The building's three fully designed facades face Fulton, Nassau, and Ann Streets, while the fourth side faces an adjacent property and is made of plain brick.

The building's namesake was James Gordon Bennett Jr., who commissioned the project as an investment. The original structure designed by Gilman was seven stories tall, including a mansard roof. Real estate investor John Pettit bought the building in 1889, and he hired Farnsworth to design two expansions. The original mansard roof was demolished to allow the addition of the top four stories between 1890 and 1892, while an eleven-story annex was erected on Ann Street in 1894. After Pettit disappeared in 1898, ownership of the Bennett Building passed to several other companies and individuals, who made minor modifications to the building. In 1995, the New York City Landmarks Preservation Commission designated the building a New York City landmark. The Bennett Building is also a contributing property to the Fulton–Nassau Historic District, a National Register of Historic Places district created in 2005.

Site[edit]

The Bennett Building is located in the Financial District of Manhattan. The building faces Nassau Street to the east, Fulton Street to the south, and Ann Street to the north. Having frontage on all three streets, it has three street addresses: a primary address at 93-99 Nassau Street, as well as alternate addresses at 139 Fulton Street and 30 Ann Street.[3][1] Nearby buildings include the Fulton Center to the west; the Keuffel and Esser Company Building to the southeast; 5 Beekman Street and the Park Row Building to the north; and St. Paul's Chapel to the west.[3] A staircase to the New York City Subway's Fulton Street station (served by the 2, ​3​, 4, ​5​, A, ​C​, J, and ​Z trains) is outside the Bennett Building's southern facade.[4]

The Bennett Building's plot is "L" shaped, measuring about 75 feet (23 m) on Fulton Street, 117 feet (36 m) on Nassau Street, and 100 feet (30 m) on Ann Street.[5] According to the New York City Department of City Planning, the lot covers 10,310 square feet (958 m2).[6] When built, the Bennett Building occupied a smaller lot, quoted as being 117 feet (36 m) on Nassau Street, 75 feet (23 m) on Fulton and Ann Streets, and 125 feet (38 m) on the western lot line.[7][8][9] The annex has a frontage of about 25 feet (7.6 m) on Ann Street and is 58 feet (18 m) deep.[8][10]

Design[edit]

The Bennett Building is a cast-iron loft building designed in the French Second Empire style. It contains ten full stories as well as a two-story penthouse.[11][12][13] The Bennett Building was originally seven stories, with the top story as a mansard roof.[14][15][16] The original section was designed by Arthur D. Gilman[12][14] and is the only remaining building in Manhattan that he designed.[a] The mansard was a characteristic of the Second Empire style, but the cast-iron facade was a new design at the time of its completion.[16] The top three floors and penthouse was added in 1890–1892, and an 11-story extension of the building on Ann Street was added in 1894, both to designs by James M. Farnsworth. Both of Farnsworth's additions carefully followed Gilman's original design.[11][12][21] The Bennett Building is largely a commercial and office building, with 159 units, seven of which are residential.[6]

With a height of 125 feet (38 m),[22] the Bennett Building was described in The New York Times as being probably the world's tallest building with a facade made of cast-iron.[23][11] In addition, it is one of two remaining Second Empire office buildings in Manhattan south of Canal Street with a cast-iron facade, the other being 287 Broadway. Although there are other cast-iron buildings from the same era south of Canal Street, such as the Cary Building and 90–94 Maiden Lane, they were used for other purposes, mainly mercantile.[14][24]

Facade[edit]

The three facades contain paneled vertical pilasters, segmental-arched windows, and cornices.[16][14] The facade is split into eight bays on Fulton Street, twelve bays on Nassau Street, and eleven bays on Ann Street, as well as two bays at the northeastern and southeastern corners. The corners were originally framed with corner pavilions, and the ground floor was originally designed as a raised basement.[14][b] Like cast-iron contemporaries, the Bennett Building contains several repeating sections on its facade, but unlike similar buildings, the columns are not stacked atop each other.[23]

The lower floors of the Bennett Building, as seen from diagonally opposite the intersection of Fulton and Nassau Streets. The ground level contains darker-colored storefronts, while the other stories contain a light-colored facade.
The base, seen at the corner of Fulton and Nassau Streets in 2020

At ground level, there were originally four entrances: one on either end of the Nassau Street side, as well as one each on the western ends of the Fulton and Ann Street sides. The original entrances were decorated with columns and entablatures, which originally supported round arches. The Nassau Street entrances were one bay wide, within the third and tenth bays from south to north, while the Fulton and Ann Street entrances were two bays wide, spanning the seventh and eighth bays from east to west.[10][14] Following renovations in the 1980s, the Bennett Building has three entrances: a main entrance on Fulton Street (east of the original entrance arch there), a second-story entrance on the southern portion of the Nassau Street side, and a freight entrance on Ann Street.[5] The ground story was initially designed as a raised basement, with each bay separated by cast-iron rusticated vertical piers. The Ann Street facade is still designed in this way, but the Fulton and Nassau Street sides are recessed behind storefronts.[5][16]

The Bennett Building's facade above the ground floor consists of bays separated by paneled pilasters; projecting cornices with moldings above each floor; arched door and window openings; and scrolled corbels flanking the window openings.[5][16] Large projecting pilasters flank the corner bays, the original entrance bays on Fulton and Ann Street, and the easternmost two bays on Fulton and Ann Streets. Near the top of each window frame, there are molded labels on each pilaster. A entablature with dentils and a parapet runs above the tenth floor.[5] The three westernmost bays on Ann Street are part of the 1894 annex. They are designed nearly identically to the rest of the facade, with minor differences in decorative detailing, and rise eleven stories instead of ten. The western facade of the building and the twelfth-story penthouse are designed in plain brick and faces a small light court rising above the first story.[25]

Features[edit]

The lowest six stories of the original structure on Fulton and Ann Streets are load-bearing walls, while the Nassau Street side is a non-bearing curtain wall. The top four stories, the penthouses, and the front wall of the Ann Street annex are also non-bearing walls, as these sections were built with cage construction.[5] At the time of the Bennett Building's construction, cast-iron was typically used for a single curtain wall, and most cast iron buildings were five to six stories high. Structures at corners such as the E. V. Haughwout Building could use cast-iron for two walls, one being a bearing wall and another being a non-bearing wall.[11]

Records from the New York City Department of Buildings reported that the interior structure of the original building was made of timber. Architectural writers Sarah Landau and Carl Condit, however, stated that timber girders would have been unusual for a building as large and prominent as the Bennett Building was. Landau and Condit's observations found that the floors were instead carried on brick arches, set between wrought-iron beams, whose centers were spaced 5 feet (1.5 m) apart. The beams, in turn, rested on cast-iron brackets attached to the building's brick partition walls.[9]

According to an 1873 advertisement in the New York Herald (whose owner James Gordon Bennett Jr. had developed the Bennett Building), the structure's offices ranged from small "cubicles" to relatively large spaces measuring 26 by 67 feet (7.9 by 20.4 m). The Herald advertisement indicated that the building had a $125,000 rent roll per year, with rent rolls on the upper floors being progressively lower than on the lower floors, except for the ground-floor storefronts.[23][26] The building was meant to attract insurance, mercantile, brokerage, and legal firms at the first floor, and bank and insurance company offices on the second floor.[14][26][27] The Bennett Building was built with two elevators and two stairs.[23] The elevators reportedly ran at a then-unprecedented speed of 500 feet per minute (150 m/min), but their precise location is unclear.[13][28] When the building was completed, elevator technology was still relatively new,[15][29] which was one possible reason for why the rent roll was smaller on the upper floors.[23] The building had steam heating from the outset, and after the advent of electric lighting, its owners added a generating plant.[13]

History[edit]

James Gordon Bennett Sr. founded the New York Herald in 1835, and within ten years, it become one of the United States' most profitable newspapers.[30][31] After moving the Herald multiple times in its first decade, Bennett Sr. bought the northwest-corner lot at Fulton and Nassau Streets in 1843. He eventually owned all the buildings at 135–139 Fulton Street, 30–34 Ann Street, and 93–99 Nassau Street.[31][32] After the burning of the adjacent Barnum's American Museum at Broadway and Ann Street in 1865, Bennett Sr. hired Kellum & Son to build a fireproof structure for the Herald on the Barnum's site, completed in 1866.[31][33][34][c] At the time, residential buildings in the area were being replaced by commercial developments.[37][17] These tended to be fireproof structures of between four and six stories, utilizing the most advanced technology available at the time, such as elevators.[15][31] Furthermore, Nassau Street had become one of New York City's busiest areas for office workers by the 1870s.[14]

Construction and early years[edit]

Bennett Sr. turned over control of the Herald to his son James Bennett Jr. in April 1867.[31] Bennett Jr. commissioned Gilman to design a new building to replace the Herald's old headquarters at Fulton and Nassau Streets, to replace several smaller buildings at that site.[17] Gilman filed building plans several days after Bennett Sr. died in June 1872. Gilman proposed constructing a cast-iron building with seven stories, the top story being located within a mansard roof, with then-modern features such as fireproofing and elevators.[14][17] The fireproof features were a precautionary measure added after the Great Chicago Fire in 1871 and the Great Boston Fire of 1872.[26] The building was ready to receive its first tenants by May 1873.[14] Among these early tenants was a private bank named L.S. Lawrence & Company, which was involved in currency exchange and collections.[38] At the time of its completion, it was one of New York City's tallest buildings, towering over other structures on Nassau Street.[39]

The Bennett Building was not particularly close to either the courts of the Civic Center to the north or the financial firms physically surrounding Wall Street to the south. The financial downturn of the Panic of 1873 temporarily slowed down construction in the city, but when the economy recovered, buildings such as the Morse Building, the New York Tribune Building, and the Temple Court Building were built nearer the Civic Center to cater to lawyers.[11][40] This led the Real Estate Record and Guide to describe Bennett Jr.'s development of the Bennett Building as "a little too previous" in 1882.[11][40][41] Additionally, its height had been surpassed by other structures like the Morse Building by the 1880s.[40]

Expansion[edit]

Black and white print of the Bennett Building's southern facade in 1893, shortly after its expansion. The building is shown with ten stories. The lowest two stories are darker in color than the upper eight stories.
The Bennett Building's southern facade, as seen in 1893 after the four additional stories were built

Real estate developer John Pettit bought the Bennett Building from Bennett in October 1889 for $1.6 million.[7][42] By then, the elevators and other mechanical systems were antiquated. In addition, the interiors were dirty, the management staff was considered inadequate, and the high ceilings were considered to be an inefficient use of space.[11][28][40]The New York Times stated that the building "had since been left in the rear by the march of improvement".[43] Pettit specialized in developing office buildings in New York City, and he often partnered with architect James M. Farnsworth, who had helped design the Morse and Temple Court buildings.[11][44] A contemporary publication stated of the sale, "The name of Pettit is in itself a sufficient guarantee of bona fide transactions so long has it been connected with honorable and upright dealing".[44]

Shortly after Pettit bought the Bennett Building, was hired to design a three-story extension to the building, which entailed demolishing the sixth floor mansard and adding three floors plus a penthouse. Workers also refurbished the interior and replaced the elevators and other mechanical systems.[11][28][40] The floor additions commenced in 1890 and were completed in 1892.[11][21] The tenants of the newly expanded building included a Postal Telegraph Company branch, a United States Congress member, architects, bankers, publishers, and manufacturers.[11] Pettit bought a 25-foot-wide (7.6 m) lot at 28 Ann Street, to the west of his existing property, in 1894. Farnsworth was hired to constructed an extension of the building along the new lot, in almost exactly the same style as the old building.[10][11] The renovations cost $200,000 in total, but because Pettit had taken out a $300,000 second mortgage, he did not have to invest any of his own money.[43]

By the time the expansion was completed, tenants were quickly filling up the vacant space.[43] In May 1894, Pettit sold the original Bennett Building, but not its annex, to Theodore A. Havemeyer for $1.5 million.[7] However, the sale fell through following month because of disagreement over whether Bennett Jr. had a right to bid at the sale of his father's estate's properties.[45][46] The annex was initially considered a separate building, but it had no entrance of its own, leading the New-York Tribune to describe the annex as "the only office structure without its own entrance in this city".[8] After the annex was completed, the building was said to be worth $2 million, and the New York Life Insurance Company held a $500,000 mortgage on the property.[47]

Early and mid-20th century[edit]

In the years following the renovation, Pettit fell into debt, and New York Life appointed a receiver to collect the Bennett Building's rents.[48] With a lawsuit pending against him, Pettit left New York City in mid-1898. Despite various attempts to locate or contact Pettit, these were all unsuccessful.[5][49] That August, the building was sold to Henry B. Sire for $1.5 million.[47][50] In 1904, as a result of a foreclosure suit, the Bennett Building was sold to New York Life for $907,000.[51][52] The building was characterized at the time as "an unfortunate experiment made in real estate" by Pettit.[52]

The Bennett Building was then resold for $1 million in April 1906 to Philadelphia investor Felix Isman, who planned to renovate the Bennett Building.[53] Isman also anticipated acquiring the Ann Street annex at an upcoming foreclosure sale against Sire, the annex's owner.[8] George B. Wilson took ownership of the building the same year.[5][39] That December, a controversy emerged over an unmetered water pipe in the building: the owners were found to have owed $2,550 (equivalent to $73,449 in 2020) over seventeen years, but Wilson, Isman, and New York Life would not take responsibility. In response, city officials ripped out the water pipe during the middle of the day, while a bathhouse in the building was operating, causing the bathhouse's patrons to complain.[54][55] Ultimately, Isman and the city came to an agreement, and the water pipe was put back with a meter.[55]

Wilson's family retained ownership until at least 1919, when the New York-Tribune reported that it had been sold to a "syndicate of well-known real estate men".[39] However, the New York City Landmarks Preservation Commission (LPC) stated that the building remained in the Wilson family's ownership through the 1940s. Either way, the building was sold to Jackadel Associates by 1949.[5] Jackadel closed the northern entrance on Nassau Street, and moved the Ann Street entrance and the southern Nassau Street entrance to street level.[5] The original entrance from Fulton Street had been closed by then, because a staircase to the Fulton Street subway station was directly in front of the doorway.[56] The Bennett Building was sold again in 1951 to Harry Shekter, who planned to use the building as an investment. At the time, the Bennett Building was assessed at $700,000.[57][58]

Late 20th and early 21st centuries[edit]

The Bennett Building was sold to Haddad & Sons Limited in 1983. Under Haddad's ownership, the building's exterior was slightly modified. New storefronts were added on Fulton Street and on the southern portion of the Nassau Street side; the ground-level facades on these sides were moved outward by 2 feet (0.61 m). The main entrance was moved to Fulton Street from Nassau Street, while the Nassau Street entrance was changed so that it led to a staircase to the second floor. A canopy was added on all three sides above the ground floor.[5] The Bennett Building was also repainted in aqua, cream, and pink.[23]

ENT Realty Corporation bought the building in 1995 and leased it to a consortium led by Robert Galpern.[23] Around the same time, preservationist Margot Gayle led an effort to have the Bennett Building preserved as an official city landmark.[59] Galpern objected that landmark status would make it harder for him to conduct even basic repairs.[23] On November 21, 1995, the LPC made the building a New York City designated landmark.[1] On September 7, 2005, the Bennett Building was designated as a contributing property to the Fulton–Nassau Historic District,[10] a National Register of Historic Places district.[2]

Critical reception[edit]

Shortly after the Bennett Building was finished, it was described as "one of the most substantial and beautiful" buildings within New York City.[14][60] In its first two decades, it had become known as an unofficial landmark of Lower Manhattan, and was described as "one of the largest and stateliest piles down-town".[28] In 1991, Christopher Gray of The New York Times described the building as appearing to "have been swarmed by herds of brackets".[61] Following the Bennett Building's landmark designation in 1995, Gray stated that the building, "once one of New York's notable skyscrapers", had become "lost among the retail pandemonium of Upper Nassau Street."[23]

See also[edit]

References[edit]

Notes[edit]

Citations[edit]

  1. ^ abcLandmarks Preservation Commission 1995, p. 1.
  2. ^ ab"National Register of Historic Places 2005 Weekly Lists"(PDF). National Park Service. 2005. p. 242. Retrieved July 20, 2020.
  3. ^ ab"NYCityMap". NYC.gov. New York City Department of Information Technology and Telecommunications. Retrieved March 20, 2020.
  4. ^"MTA Neighborhood Maps: Lower Manhattan"(PDF). Metropolitan Transportation Authority. 2015. Retrieved October 1, 2018.
  5. ^ abcdefghijkLandmarks Preservation Commission 1995, p. 5.
  6. ^ ab"99 Nassau Street, 10038". New York City Department of City Planning. Retrieved September 7, 2020.
  7. ^ abc"In the Real Estate Field; The Bennett Building Sold -- Many Lots at Auction". The New York Times. May 9, 1894. ISSN 0362-4331. Retrieved September 5, 2020.
  8. ^ abcd"Sold for a Million: Felix Isman Buys Bennett Building, in Nassau Street". New-York Tribune. March 3, 1906. p. 1. Retrieved September 6, 2020 – via newspapers.com open access.
  9. ^ abLandau & Condit 1996, p. 410.
  10. ^ abcdNational Park Service 2005, p. 13.
  11. ^ abcdefghijklLandmarks Preservation Commission 1995, p. 4.
  12. ^ abcWhite, Norval; Willensky, Elliot & Leadon, Fran (2010). AIA Guide to New York City (5th ed.). New York: Oxford University Press. p. 41. ISBN .
  13. ^ abcLandau & Condit 1996, p. 99.
  14. ^ abcdefghijklLandmarks Preservation Commission 1995, p. 3.
  15. ^ abcNational Park Service 2005, p. 4.
  16. ^ abcdeLandau & Condit 1996, p. 98.
  17. ^ abcdeNational Park Service 2005, p. 27.
  18. ^"St. John's P.e. Church"(PDF). New York City Landmarks Preservation Commission. February 19, 1974. Retrieved August 22, 2020.
    "St. John's P.e. Church Rectory"(PDF). New York City Landmarks Preservation Commission. June 28, 2016. Retrieved August 22, 2020.
  19. ^Landau & Condit 1996, p. 64.
  20. ^"The Burning of the Equitable Building in New York City". Engineering News. 67: 119–120. January 18, 1912. Retrieved February 4, 2012.
  21. ^ abLandau & Condit 1996, pp. 98–99.
  22. ^Bennett Building at Emporis
  23. ^ abcdefghijGray, Christopher (January 7, 1996). "Streetscapes/The Bennett Building;A Multicolored Cast-Iron Confection". The New York Times. ISSN 0362-4331. Retrieved September 5, 2020.
  24. ^Gayle, Margot (1974). Cast-iron architecture in New York : a photographic survey. New York: Dover Publications. p. 5. ISBN . OCLC 1186700.
  25. ^Landmarks Preservation Commission 1995, pp. 5–6.
  26. ^ abc"Fireproof Buildings". New York Herald. December 17, 1872. Retrieved September 6, 2020 – via newspapers.com open access.
  27. ^National Park Service 2005, pp. 27–28.
  28. ^ abcd"Two Nassau Street Office Buildings"(PDF). The Real Estate Record: Real Estate Record and Builders' Guide. 49 (1245): 124–125. January 23, 1892 – via columbia.edu.
  29. ^Landau & Condit 1996, pp. 35–37.
  30. ^Crouthamel 1989, p. 4.
  31. ^ abcdeLandmarks Preservation Commission 1995, p. 2.
  32. ^Crouthamel 1989, pp. 43–45.
  33. ^Portnoy 1898, p. 67.
  34. ^Seitz, Don C (1928). The James Gordon Bennetts, father and son, proprietors of the New York herald. Indianapolis: The Bobbs-Merrill Company. p. 154. OCLC 619637.
  35. ^"Must Be Quickly Razed; Seventy Days for Destruction of the Old Herald Building". The New York Times. May 1, 1895. ISSN 0362-4331. Retrieved August 9, 2020.
  36. ^"New Western Electric Building Blends With Diverse Neighbors; New Building Is a Good Neighbor". The New York Times. August 26, 1962. ISSN 0362-4331. Retrieved February 9, 2020.
  37. ^Gray, Christopher (January 12, 2003). "Streetscapes/Fulton Street Between Nassau and Williams Streets; A Vibrant and Noisy Block With Varied Architecture". The New York Times. ISSN 0362-4331. Retrieved September 6, 2020.
  38. ^Landmarks Preservation Commission 1995, p. 6.
  39. ^ abc"Old Bennett Building on Nassau St. Reported Sold". New-York Tribune. August 26, 1919. p. 17. Retrieved September 6, 2020 – via newspapers.com open access.
  40. ^ abcdeNational Park Service 2005, p. 28.
  41. ^"Market Review". The Real Estate Record: Real Estate Record and Builders' Guide. 29 (740): 504. May 20, 1882 – via columbia.edu.
  42. ^"The Bennett Building Sold". New-York Tribune. December 17, 1889. p. 1. Retrieved September 6, 2020 – via newspapers.com open access.
  43. ^ abc"Gossip of Real Estate Men; Some Large Operations During the Past Week. The Sale of the Bennett Building by John Pettit". The New York Times. May 13, 1894. ISSN 0362-4331. Retrieved September 6, 2020.
  44. ^ abPortnoy 1898, p. 230.
  45. ^"Is His Title Clear?". Brooklyn Standard Union. June 29, 1894. p. 5. Retrieved September 6, 2020 – via newspapers.com open access.
  46. ^"In the Real Estate Field; The Bennett Building Sale -- Brokers' and Auctioneers' Work". The New York Times. June 29, 1894. ISSN 0362-4331. Retrieved September 6, 2020.
  47. ^ ab"Price: $1,500,000 The Bennett Building Sold in Manhattan". Brooklyn Standard Union. August 8, 1898. p. 2. Retrieved September 6, 2020 – via newspapers.com open access.
  48. ^"Pettit is Still Missing; No Clue to the Whereabouts of the Well-known Real Estate Speculator. His Affairs Badly Involved New York Life Recently Placed a Receiver of Rents in Bennett Building -- Dr. Waite Says Pettit Will Return, but Plaintiff Says Not". The New York Times. August 7, 1898. ISSN 0362-4331. Retrieved September 7, 2020.
  49. ^"Big Realty Fraud Alleged; John Pettit and Others Sued for Recovery of Property by William Calhoun". The New York Times. August 6, 1898. ISSN 0362-4331. Retrieved September 6, 2020.
  50. ^"Bennett Building Sold; Largest of John Pettit's Holdings Bought by H.b. Sire for $1,500,000. Details Cannot Be Learned Calhoun Says That, Although a Director and Stockholder of the Realty Company, He Was Not Consulted -- Pettit Still Missing". The New York Times. August 14, 1898. ISSN 0362-4331. Retrieved September 6, 2020.
  51. ^"Bid in Bennett Building; New York Life Meets No Competition at Foreclosure Sale". The New York Times. April 12, 1904. ISSN 0362-4331. Retrieved September 5, 2020.
  52. ^ ab"The Bennett Building Sold at Auction for $907,000". New-York Tribune. April 12, 1904. p. 5. Retrieved September 6, 2020 – via newspapers.com open access.
  53. ^"Buys Bennett Building and Lot in Tunnel Zone; Mr. Isman of Philadelphia in Two Realty Deals". The New York Times. March 3, 1906. ISSN 0362-4331. Retrieved September 6, 2020.
  54. ^"May Sell a Building for Back Water Taxes; Register Padden's Bill is for 17 Years -- $2,550". The New York Times. December 8, 1906. ISSN 0362-4331. Retrieved September 6, 2020.
  55. ^ ab"An 'Easy' Octopus: 'Mike' Padden Has Tilt With New York Life Over Water Bill". New-York Tribune. December 8, 1906. p. 8. Retrieved September 8, 2020 – via newspapers.com open access.
  56. ^Landmarks Preservation Commission 1995, p. 8.
  57. ^"Blockfront Sold on Nassau Street; Investor Buys the Ten-Story Bennett Building--2 Deals on Madison Avenue". The New York Times. January 31, 1951. ISSN 0362-4331. Retrieved September 5, 2020.
  58. ^"Transfers and Financing". New York Herald-Tribune. January 31, 1951. p. 26. Retrieved September 7, 2020 – via ProQuest.
  59. ^Wadler, Joyce (May 29, 1998). "Public Lives; A Polite Defender of SoHo's Cast-Iron Past". The New York Times. ISSN 0362-4331. Retrieved September 6, 2020.
  60. ^Asher & Adams (1876). Asher and Adams' New Columbian Railroad Atlas and Pictorial Album of American Industry. p. 40.
  61. ^Dunlap, David W. (September 15, 1991). "Hidden Corners of Lower Manhattan". The New York Times. ISSN 0362-4331. Retrieved September 6, 2020.

Sources[edit]

  • Crouthamel, James (1989). Bennett's New York herald and the rise of the popular press. Syracuse, N.Y: Syracuse University Press. ISBN . OCLC 1055764298.
  • "Fulton–Nassau Historic District"(PDF). National Register of Historic Places, National Park Service. September 7, 2005.
  • Harris, Gale (November 21, 1995). "Bennett Building"(PDF). New York City Landmarks Preservation Commission.
  • Portnoy, Lawrence (1898). A History of real estate, building, and architecture in New York City during the last quarter of a century. Real Estate Record Association – via Internet Archive.
  • Landau, Sarah; Condit, Carl W. (1996). Rise of the New York Skyscraper, 1865–1913. New Haven, CT: Yale University Press. ISBN . OCLC 32819286.

External links[edit]

Sours: https://en.wikipedia.org/wiki/Bennett_Building_(New_York_City)

99 Nassau Street

Located at the southern tip of Manhattan, the Financial District, nicknamed FiDi, is widely considered the world’s leading financial center. Financial District office space houses a large number of New York City’s financial institutions–banks, insurance companies, and other large financial corporations. The New York Stock Exchange (the world’s largest stock exchange by market capitalization) and the Federal Reserve Bank of New York are located in the area.

Financial services giants such as Goldman Sachs, Deutsche Bank and American Express to list a few, already work out of offices in the Financial District. Additionally many startups and mature mid-size businesses reside in the commercial buildings of downtown Manhattan. Because of the available office space inventory, accessibility via public transit, and low office space rental prices, the Financial District appeals as a location to a wide range of businesses inside and outside the financial services world. For example, technology companies are moving from Midtown and other locations to FiDi in increasing numbers to take advantage of the cheaper rent and other perks and amenities. LifeBEAM, Sisense, Olo, and Namely all operate in the Financial District—and the list of tech companies with offices in the area is only growing as FiDi office spaces meet many of their requirements.

What Our Brokers Say About Financial District Office Space


More than 25 percent of working individuals in the Financial District work in finance or insurance. During the day, FiDi comes to life with thousands of young professionals commuting to the office, climbing the corporate ladder and tourists seeing the sights; at night, it tends to become calm and quiet compared to other areas of New York City, since it is primarily a business center and tourist destination. However, gradually more restaurants and nightlife opportunities are opening up as the population increases. More than 48,000 people live in the Financial District, and the average household income is $191,807. Almost half of residents hold a college degree, and more than 30 percent have a graduate degree as well.

The Financial District is located in Lower Manhattan and is surrounded by the West Side Highway, Chambers Street, Brooklyn Bridge, and City Hall Park. FiDi is loosely defined as the area south of City Hall and east of Battery Park and Battery Park City. The corner of Wall Street and Broad Street is often considered the heart of the neighborhood.

The Financial District and Lower Manhattan comprise the nation’s fourth-largest central business district, trailing only Midtown, the Chicago Loop, and Washington, D.C. One can find companies such as Morgan Stanley, Citigroup, AIG, Conde Nast, Spotify, Group M, and JPMorgan Chase, among other large names, crunching numbers on Wall Street.

To get a break from the stresses of work, check out the South Street Seaport, a historic district with retail outlets for shopping, gorgeous views of the Brooklyn Bridge, New York City’s first luxury movie theater and plenty of places to eat. Looking for a location to meet with a client? Popular business lunch destinations in the Financial District are the Blue Ribbon Federal Grill, Broadstone Bar & Kitchen, and Trinity Place. For more recommendations of things to see, do, eat, and drink in the area, check out our Best of FiDi local guide and our team’s favorite Financial District coffee shops.

Financial District Commercial Space For Lease | By the numbers

Office Space for RentPrice per square foot
Class A$66
Class B$53

 

Financial District Office Space | Lease Data & Trends

The Financial District is one of the most affordable neighborhoods to rent office space in the New York City office market. Data shows the average asking price for an office lease is just over $58 per square foot—much lower than the $81 per square foot NYC average price.

The Financial District also houses a larger amount of office space than any other neighborhood in the Downtown NYC submarket. With nearly 38 million square feet of total office inventory on the map and more than 563,000 square feet of new office spaces under construction as of Q1 of 2019, FiDi offers a plethora of office lease options. Right now, 10 percent of office spaces are open and available for new renters.

The Financial District has more Class A than Class B office spaces. Rent Class A office space for an average of just over $66 per square foot. Right now, 8 percent of Class A office space in FiDi is vacant. Rent Class B office space in FiDi for an average of $53 per square foot. Right now, just over 12 percent of Class B office space in FiDi is vacant and available to lease.

If you want to start looking at offices, contact us by email or phone — we can send you curated New York City listings, tour office spaces with you, and find you the right lease term for your business.

Getting Around: Transportation in Financial District

While FiDi isn’t exactly a central Manhattan neighborhood, employees working in Financial District offices enjoy access to a large selection of public transit services to get around Manhattan or to get to Queens, Brooklyn, The Bronx, Staten Island, or nearby suburbs. Get to an office near Wall Street in 15 minutes by train (or 2 minutes by car) or to Grand Central in 22 minutes by train (or 21 minutes by car). The 4, 5, 6 subway line will take you to Grand Central and other central Manhattan locations.

The Financial District boasts top-notch public transportation services to serve all requirements. Popular public transportation options include the subway, buses, the Staten Island Ferry, East River Ferry, or the PATH Train. The Financial District is typically very busy during the daylight hours with office commuters and calms down in the evening and on weekends.

Subway: The Financial District has seven NYC subway stations that operate the following trains: 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, and Z. Fulton Street is FiDi’s biggest transportation center.

Buses: New York City’s Metropolitan Transportation Authority (MTA) Regional Bus Operations provides several bus routes through the district. Take M15, M20, M15 SBS, M55, and M103 north-south, and take M9 and M22 west-east.

Ferries: Access to the Staten Island Ferry is available at the Whitehall Terminal, and the NYC Ferry is available on the east side at Pier 11/Wall Street.

Walk Score: The Financial District has a Walk Score of 100. It’s NYC’s 12th most walkable neighborhood, and it’s also reasonably cycle-able.

Like most districts in NYC, getting around by car can be a chore because of the excessive traffic. In FiDi, that mostly applies during business hours and rush hour because the neighborhood still tends to clear out to some degree in the evening. Those who need to get around by car can check out some parking resources to find parking in FiDi as most offices don’t have parking.

Nearby airports include LaGuardia Airport (LGA), John F. Kennedy International Airport (JFK), and Newark International Airport.

Top Commercial Properties For Lease In Financial District

Does the Financial District in Manhattan have the right office buildings and property requirements for you? Before putting down roots in a Financial District office space, it’s advisable to do a little research regarding what features and amenities the neighborhood’s best office spaces have to offer, and at what price. The Financial District area has plenty of office options—here are a few of the most popular buildings to rent office space:

– 75 Maiden Lane, New York, NY: 75 Maiden Lane, built in 1921, is a 12-story building with seven office spaces available to rent ranging from 1,086 to 8,600 square feet in size. This Class B property tends to attract technology and consulting firms to its offices. It has a Walk Score of 100 and a Noise Index of .51. The property is easy to get to 75 Maiden Lane. From Wall Street, take trains 2, 3, 4, or 5 to get to the offices at 75 Maiden Lane; from Fulton St-Broadway-Nassau, take A, C, J, Z, 2, 3, 4, or 5 (or alternatively, access the J/Z at Broad Street); from Cortlandt Street, take R or W. Coffee lovers will be pleased with the close proximity of Starbucks (.1 miles away!) and several other options—Taz Cafe and Potbelly. 75 Maiden Lane is an address with a very accessible gym located less than 2 miles away: the New York Sports Club.

– 101 Greenwich Street, New York, NY: 101 Greenwich Street is a 26-story, U-shaped office building located on Greenwich between Rector Street and Trinity Place. Choose among the property’s fifteen different office spaces available for rent ranging from 268 to 13,000 sq. ft. in size. The Class A, 480,000 sq. ft. building was renovated in 2017 into Downtown Manhattan’s first full-service office building featuring a secured lobby and dispatch elevators. Workplace hospitality company Convene is one of the chief tenants at 101 Greenwich Street. Convene provides amenities and hospitality services for the building, such as a microbrew coffee shop, in-building programming, and food delivery services. To get to 101 Greenwich Street by subway, take trains 1, R, or W from Rector Street Station or trains 4 or 5 from Wall Street Station. Driving into Manhattan and looking for a place to park? Contact Battery Parking Garage or Icon Parking to learn about parking options near this property.

– 120 Broadway, New York, NY: Broadway’s Equitable Building houses more than 1.8 million sq. ft. of office space spread throughout 40 floors. Currently, one 2,229 square foot unit in the property is available for rent. Located at the corner of Pine Street and Broadway, 120 Broadway is both a national historic landmark and a New York City landmark. The property was first constructed in 1915 and renovated from 1983-90. The Equitable Building has attracted clients to the property from several industries such as finance, law, and insurance. Notable tenants working out of 120 Broadway include Dealogic, ALM, New York State Attorney General, Tower Group Companies, and Lester Schwab Katz & Dwyer. With a Walk Score of 100, 120 Broadway is in close proximity to the green, yellow, and brown MTA subway lines, getting to the Equitable Building is a commuter’s dream come true. Access bars, coffee shops, and even a gym less than .2 miles away.

Need to find an office in the area? Contact us today to get started with your search. Our brokers have access to a variety of listings in the Financial District and across Downtown Manhattan, and can help you find your ideal office at the right price and lease term.

Financial District Neighborhood History

New York’s Financial District roughly overlaps with the boundaries of the New Amsterdam settlement of the late 17th century, and it’s one of the oldest neighborhoods in Manhattan. In 1904, NYC got its first subway company, Interborough Rapid Transit, beginning the Financial District’s evolution into a center for finance, business, and commerce. The World Trade Center was built here in 1973 and was destroyed in terrorist attacks on September 11 2001. The new One World Trade Center was built and completed in November 2014. It is the tallest building in Manhattan and in the Western Hemisphere.  FiDi’s northeast corner earned the nickname “Insurance District in the early 20th Century because of the impressive number of insurance firms headquartered there. The early 2000s brought an increase in permanent residents, transforming the Financial District from just an office community into a home for 15,000-20,000 residents.

Wall Street, the symbolic center of American capitalism, has a broad and interesting history of its own. Originally, Wall Street was an actual wall that was intended to protect settlers from Native Americans, pirates, and the British when the state of New York was still a Dutch Colony. One of the anchors of Wall Street, the New York Stock Exchange, originated in the 18th century when traders formed the Buttonwood Agreement in an effort to regulate trading and promote fairness. In the 19th century, the Wall Street area included both residences and businesses, but eventually most of the people who lived there left downtown and moved to the more central Midtown Manhattan. J. P. Morgan and John D. Rockefeller’s work helped change Wall Street’s economy from industrial to the large financial hub it is today. Some people believe the 20th century was Wall Street’s most successful era. Later, the Financial District faced the destruction of the World Trade Center in 2001. Before that, the Financial District was already known for its high number of high rises, but the loss of the World Trade Center in Manhattan inspired the development of even more buildings. In recent years, FiDi has also made a comeback as a residential neighborhood. Since 9/11, the neighborhood’s population has tripled.

The south end of New York’s well-known Broadway is in the Financial District and the famous charging bull sculpture can be found along Broadway. The Financial District has a grand history. Some early establishments such as the Fraunces Tavern on Broad Street date back to the 1600’s. Additionally, the Statue of Liberty, a famous tourist destination on Ellis Island, overlooks the Financial District. View it across the channel from Downtown Manhattan or take a Statue Cruise across the channel to see one of the country’s most popular landmarks up close. France gave the USA the 152-foot high iconic New York landmark in 1886.

View a broad selection of available office listings in FiDi, New York, NY. Get in touch, or email us for help and start your search today!

Low-angle shot of Charging Bull statue in Bowling GreenAerial view of lower Manhattan and Financial District office buildingsDaytime view of Wall Street, outside New York Stock Exchange
Sours: https://www.squarefoot.com/ny/new-york/99-nassau-street
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Nearby homes similar to this home have recently sold between $725K to $2,100K at an average of $385 per square foot.

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Bruce Springsteen - Johnny 99 (Dublin 12th Jul 09)

Pisillo Cafe

$$ •Coffee, Tea

Hours:
99 Nassau St, New York
(917) 496-7763

Ratings

Take-Out/Delivery Options

delivery

take-out

Tips

masks required

staff wears masks

vegan options

accepts credit cards

accepts android pay

accepts apple pay

outdoor seating

offers catering

street parking

bike parking

wheelchair accessible

women-owned

open to all

sandwiches

italy

authentic

paninis

casual

good for a quick meal

big portions

lively

great value

hidden gem

delis

bakeries

coffee

good for singles

roasted chicken

pastries

vegetarian food

bread

prosciutto

mozzarella

porchetta

cash only

fresh food

lunch

arugula

artichokes

truffle oil

family run

roasted peppers

dresses

Reviews for Pisillo Cafe

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Hours

Monday7AM - 5PM
Tuesday7AM - 5PM
Wednesday7AM - 5PM
Thursday7AM - 5PM
Friday7AM - 5PM
Saturday8:30AM - 4:30PM
Sunday8:30AM - 4:30PM

Hours or services may differ due to COVID-19. Please contact the business directly to verify hours and availability.

Sours: https://www.restaurantji.com/ny/new-york/pisillo-italian-cafe-/

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