Office building · Financial District, Manhattan
1 South Street
New York, NY 10004
1 South Street is a 3-floor office building in the Financial District, Manhattan, built in 1960, with about 124,000 square feet of office space according to city records.
- Office space
- 124K SF
- Floors
- 3
- Year built
- 1960
- Zoning
- M1-4
The 94th 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 1 South Street compares
Next to the 6 nearest large office buildings, all within a 4 minute walk, 1 South Street is the smallest by office floor area. Built in 1960, it is the oldest of them. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 1 South Street | 124K SF | 3 | 1960 | Exempt |
| 17 State Street | 543K SF | 42 | 1987 | $14.28 |
| 34 Whitehall Street | 656K SF | 34 | 1970 | $13.06 |
| One New York Plaza, 1 Water Street | 1.8M SF | 50 | 1969 | $13.02 |
| 24 State Street | 864K SF | 35 | 1971 | $8.31 |
| 33 Whitehall Street | 366K SF | 30 | 1986 | $9.32 |
| 1 Whitehall Street | 308K SF | 21 | 1962 | $11.39 |
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). 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
- ZIP code
- 10004
- Building type
- Office building (city class O2)
- Total floor area
- 123,800 SF
- Commercial floor area
- 123,800 SF
- Office
- 123,800 SF
- Height
- 3 floors
- Average floor
- About 41,300 SF (floor area divided by floors)
- Year built
- 1960
- Lot area
- 123,800 SF
- Zoning district
- M1-4
- Built FAR
- 1
- Max commercial FAR
- 2
- Tax lot (BBL)
- 1000030010
Nearest subway
- South Ferry
- Bowling Green
- Broad St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; 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 UNITED STATES AMERICA as the owner of record. For tax year 2026/27 the city values 1 South Street at $27.3 million and assesses it at $12.3 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- UNITED STATES AMERICA
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $27,298,000
- Land market value
- $18,113,000
- Assessed value
- $12,284,100
- Exemptions
- $12,284,100
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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Before you sign
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Questions about 1 South Street
How big is 1 South Street?
1 South Street has about 124,000 square feet of floor area in total, including 124,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1 South Street built?
City records list 1960 as the year built. The building is 3 floors tall.
What is the ZIP code of 1 South Street?
1 South Street 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 full mailing address is 1 South Street, New York, NY 10004, in the Financial District.
What is the zoning at 1 South Street?
The lot is in the M1-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 1 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1 South Street?
The closest subway station to 1 South Street is South Ferry (the 1, R and W trains, connected to Whitehall St-South Ferry), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Bowling Green (the 4 and 5 trains), 5 min walk; Broad St (the J and Z trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1 South Street?
The NYC Department of Finance's 2026/27 assessment roll lists UNITED STATES AMERICA as the owner of record of 1 South Street (BBL 1000030010). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What are the property taxes at 1 South Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 1 South Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1000030010 show what is actually billed.
What is the assessed value of 1 South Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1 South Street at $27.3 million ($18.1 million of it land) and its assessed value at $12.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 2% from 2022/23 ($27.8 million) to 2026/27.
Is there office space for lease at 1 South Street?
No space at 1 South Street 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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Financial District
Transit hubs in the Financial District
- 2 3 at Wall St
- 4 5 at Wall St
- A C J Z at Fulton St
- PATH at World Trade Center