Office building with commercial space · Financial District, Manhattan

International Mercantile Marine Company Building

1 Broadway, New York, NY 10004

The International Mercantile Marine Company Building (1 Broadway) is a 13-floor office building with commercial space in the Financial District, Manhattan, built in 1887, with about 191,000 square feet of office space according to city records.

Also at 1 Battery Place and 1-3 Greenwich Street.

Office space
191K SF
Floors
13
Year built
1887
Zoning
C5-5

Office space next to its nearest neighbors

  1. Standard Oil Building2 min walk857K SF
  2. Cunard Building1 min walk587K SF
  3. Bowling Green Offices Building1 min walk412K SF
  4. International Mercantile Marine Company BuildingThis building191K SF

The 84th largest of the 106 office buildings we track in the Financial District. Compare it with 6 neighbors

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Compared with its neighbors

How the International Mercantile Marine Company Building compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, the International Mercantile Marine Company Building ranks 6th of 7 by office floor area. It went up in 1887; the median neighbor dates from 1909. Its estimated property tax, about $16.94 a square foot of floor area before abatements, is above the neighbors' median of $7.15.

The International Mercantile Marine Company Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
International Mercantile Marine Company Building, 1 BroadwayThis building191K SF131887$16.94Nov 2018, $140M
Bowling Green Offices Building, 11 Broadway1 min walk412K SF221898$6.33n/a
Cunard Building, 25 Broadway1 min walk587K SF231921$9.29n/a
Standard Oil Building, 26 Broadway2 min walk857K SF321885$8.60Mar 2007, $225M
29 Broadway2 min walk312K SF311925$5.70n/a
2 Broadway2 min walk1.5M SF321958Exemptn/a
32 Broadway2 min walk135K SF181898$7.15n/a
The 84th largest of the 106 office buildings we track in the Financial District: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
International Mercantile Marine Company Building
Other addresses
1 Battery Place; 1-3 Greenwich Street
ZIP code
10004
Building type
Office building with commercial space (city class O6)
Total floor area
206,480 SF
Commercial floor area
206,480 SF
Office
190,693 SF
Retail
15,787 SF
Height
13 floors
Average floor
About 15,900 SF (floor area divided by floors)
Year built
1887
Lot area
17,025 SF
Zoning district
C5-5
Built FAR
12.13
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1000130001

Nearest subway

  • Bowling Green1 min walk · Accessible station
  • Whitehall St-South Ferry3 min walk · Not accessible · connects to South Ferry
  • Rector St3 min walk · Not accessible

Nearby large buildings

All 168 large office buildings on Broadway

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists ONE BROADWAY OWNER, LLC as the owner of record. For tax year 2026/27 the city values the International Mercantile Marine Company Building at $72.2 million and assesses it at $32.5 million. After phase-ins and exemptions its taxable value is $32.2 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $3.5 million a year before abatements, roughly $16.94 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
ONE BROADWAY OWNER, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$72,225,000
Land market value
$10,900,000
Assessed value
$32,501,250
Taxable value (phased in)
$32,240,050
Estimated yearly tax
About $3.5 million
Tax per SF of floor area
About $16.94

City market value by tax year

  • 2022/23$34.6 million
  • 2023/24$58.8 million
  • 2024/25$75.8 million
  • 2025/26$82.8 million
  • 2026/27$72.2 million

Market value rose 109% from 2022/23 ($34.6 million) to 2026/27.

How the Financial District compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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NYC property records (ACRIS)

Sales history

The International Mercantile Marine Company Building last sold in November 2018 for $139.5 million, according to the deed recorded with the city. LOGANY, L.L.C. sold it to ONE BROADWAY OWNER, LLC. That comes to about $676 per square foot of floor area.

Last sale (deed date)
November 16, 2018
Price
$139,500,000
Price per SF of floor area
About $676
Seller
LOGANY, L.L.C.
Buyer
ONE BROADWAY OWNER, LLC
Deed recorded
December 3, 2018
ACRIS document
2018112100328001
All 19 building sales in the Financial District since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

The International Mercantile Marine Company Building reported an ENERGY STAR score of 63 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 46.1 kBtu per square foot, 16% below the national median of 55.2 for a similar property. Its greenhouse gas emissions were about 1,190 metric tons of CO2e (5.15 kg per square foot).

ENERGY STAR score (2024)
63 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Office
Site energy use intensity
46.1 kBtu/SF
National median for the type
55.2 kBtu/SF
Greenhouse gas emissions
1,190 t CO2e
Emissions per SF
5.15 kg CO2e
Floor area in the filing
230,911 SF

ENERGY STAR score by year

  • 202269 (C)
  • 202372 (B)
  • 202463 (C)

Energy sources in 2024

  • Electricity92%
  • Fuel oil8%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, the International Mercantile Marine Company Building comes to about 893 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,796 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 648 tons and the same energy use counts as about 480 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,796 t CO2e
Estimated emissions
893 t CO2e
Under the limit by
904 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
648 t CO2e
Estimated emissions
480 t CO2e
Under the limit by
168 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 210,871 SF; Bank Branch 20,040 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

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NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at the International Mercantile Marine Company Building. In the last two years, interior work was permitted on 13 floors (floors 1 to 13, the basement and the ground floor). The newest build-out, on the basement, the ground floor and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $12,000). A sidewalk shed permit here is active until January 12, 2027.

New jobs, last 12 months
2
Initial permits, last 12 months
3
Newest job first permitted
August 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1 to 13, basement, ground floor
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Jan 12, 2027

Recent build-outs

  • Basement, ground floor, roofAugust 2026Mechanical; est. $12,000; signed off
  • Floors 1 to 13May 2026Construction, Structural; est. $185,000

New jobs by year

  • 202121
  • 20228
  • 20236
  • 20244
  • 20251
  • 2026 to date2

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Landmarks Preservation Commission records

Architecture and history

The International Mercantile Marine Company Building was designed by Edward Hale Kendall and built in 1882-1887 in the Neoclassical style. The Landmarks Preservation Commission designated it a New York City landmark on September 19, 1995.

Architect
Edward Hale Kendall
Constructed
1882-1887
Style
Neoclassical
Primary material
Masonry
Built as
Office building
City landmark
International Mercantile Marine Company Building: individual landmark, designated September 19, 1995 (LP-01926)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about International Mercantile Marine Company Building

How big is the International Mercantile Marine Company Building?

The International Mercantile Marine Company Building has about 206,000 square feet of floor area in total, including 191,000 square feet of office and 16,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was the International Mercantile Marine Company Building built?

The Landmarks Preservation Commission's building records date the International Mercantile Marine Company Building to 1882-1887, designed by Edward Hale Kendall. The building is 13 floors tall.

Who designed the International Mercantile Marine Company Building?

Edward Hale Kendall, according to the Landmarks Preservation Commission's building records, which list the style as Neoclassical and its original use as an office building.

Is the International Mercantile Marine Company Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the International Mercantile Marine Company Building an individual landmark on September 19, 1995 (LP-01926). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the International Mercantile Marine Company Building?

The International Mercantile Marine Company Building is at 1 Broadway in the Financial District, Manhattan. City records list 1 Battery Place and 1-3 Greenwich Street on the same tax lot (BBL 1000130001). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 1 Broadway?

1 Broadway is in ZIP code 10004, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The International Mercantile Marine Company Building is at 1 Broadway, New York, NY 10004, in the Financial District.

What is the zoning at the International Mercantile Marine Company Building?

The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.13 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the International Mercantile Marine Company Building?

The closest subway station to the International Mercantile Marine Company Building is Bowling Green (the 4 and 5 trains), about 100 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Whitehall St-South Ferry (the R, W and 1 trains, connected to South Ferry), 3 min walk; Rector St (the R and W trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the International Mercantile Marine Company Building?

The NYC Department of Finance's 2026/27 assessment roll lists ONE BROADWAY OWNER, LLC as the owner of record of the International Mercantile Marine Company Building (BBL 1000130001). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was the International Mercantile Marine Company Building last sold?

The International Mercantile Marine Company Building last sold in November 2018 for $139.5 million, according to the deed recorded with the city. LOGANY, L.L.C. sold it to ONE BROADWAY OWNER, LLC. That comes to about $676 per square foot of floor area. The deed is ACRIS document 2018112100328001 (BBL 1000130001) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of the International Mercantile Marine Company Building?

The International Mercantile Marine Company Building reported an ENERGY STAR score of 63 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 63 earns a C. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 46.1 kBtu per square foot, 16% below the national median of 55.2 for a similar property. Its greenhouse gas emissions were about 1,190 metric tons of CO2e (5.15 kg per square foot).

Does the International Mercantile Marine Company Building meet Local Law 97?

At its 2024 energy use, the International Mercantile Marine Company Building comes to about 893 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,796 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 648 tons and the same energy use counts as about 480 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at the International Mercantile Marine Company Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at the International Mercantile Marine Company Building. In the last two years, interior work was permitted on 13 floors (floors 1 to 13, the basement and the ground floor). The newest build-out, on the basement, the ground floor and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $12,000). A sidewalk shed permit here is active until January 12, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1000130001. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at the International Mercantile Marine Company Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $32.2 million for the International Mercantile Marine Company Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.5 million a year, roughly $16.94 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000130001 show the actual bill.

What is the assessed value of the International Mercantile Marine Company Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the International Mercantile Marine Company Building at $72.2 million ($10.9 million of it land) and its assessed value at $32.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 109% from 2022/23 ($34.6 million) to 2026/27.

Is there office space for lease at the International Mercantile Marine Company Building?

No space at 1 Broadway is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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