Office condominium · Financial District, Manhattan
125 Broad Street
New York, NY 10004
125 Broad Street is a 40-floor office condominium in the Financial District, Manhattan, built in 1970, with about 1.1 million square feet of office space according to city records.
Formerly 2 New York Plaza. Also at 2 American Express Plaza, 117-125 Broad Street, 2 New York Plaza, 15 South Street and 1 more.
- Office space
- 1.1M SF
- Floors
- 40
- Year built
- 1970
- Zoning
- C5-5
The 19th 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 125 Broad Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 125 Broad Street ranks 3rd of 7 by office floor area. It went up in 1970; the median neighbor dates from 1978. Its estimated property tax, about $11.00 a square foot of floor area before abatements, is above the neighbors' median of $9.49.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 125 Broad Street | 1.1M SF | 40 | 1970 | $11.00 | n/a |
| One New York Plaza, 1 Water Street | 1.8M SF | 50 | 1969 | $13.02 | n/a |
| 55 Water Street, 43 Water Street | 3.6M SF | 53 | 1973 | $8.20 | n/a |
| 85 Broad Street | 994K SF | 31 | 1983 | $10.63 | May 2017, $652M |
| 90 Broad Street | 318K SF | 24 | 1930 | $9.59 | Jan 2014, $129M |
| 33 Whitehall Street | 366K SF | 30 | 1986 | $9.32 | n/a |
| 7 Hanover Square | 669K SF | 29 | 1983 | $9.38 | n/a |
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
- Formerly known as
- 2 New York Plaza
- Other addresses
- 2 American Express Plaza; 117-125 Broad Street; 2 New York Plaza; 15 South Street; 22 South Street
- ZIP code
- 10004
- Building type
- Office condominium (city class RB)
- Total floor area
- 1,051,990 SF
- Commercial floor area
- 1,051,990 SF
- Office
- 1,051,990 SF
- Height
- 40 floors
- Average floor
- About 26,300 SF (floor area divided by floors)
- Year built
- 1970
- Lot area
- 54,023 SF
- Zoning district
- C5-5
- Built FAR
- 19.47
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1000057501
Nearest subway
- Whitehall St-South Ferry
- Bowling Green
- Broad St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; former name checked against Wikipedia, 2 New York Plaza; 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
125 Broad Street is a condominium of 26 tax lots with 4 owners of record, none holding half of its market value. For tax year 2026/27 the city values 125 Broad Street at $266.5 million and assesses it at $119.9 million. After phase-ins and exemptions its taxable value is $106.7 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 $11.6 million a year before abatements, roughly $11.00 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $266,473,614
- Land market value
- $68,800,268
- Assessed value
- $119,913,043
- Taxable value (phased in)
- $116,707,680
- Exemptions
- $10,051,451
- Estimated yearly tax
- About $11.6 million
- Tax per SF of floor area
- About $11.00
- Condominium tax lots
- 26
- Owners of record
- 4
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 26 condominium tax lots; 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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
125 Broad Street reported an ENERGY STAR score of 70 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 81.5 kBtu per square foot, 25% below the national median of 108 for a similar property. Its greenhouse gas emissions were about 8,815 metric tons of CO2e (6.43 kg per square foot).
- ENERGY STAR score (2024)
- 70 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 81.5 kBtu/SF
- National median for the type
- 108 kBtu/SF
- Greenhouse gas emissions
- 8,815 t CO2e
- Emissions per SF
- 6.43 kg CO2e
- Floor area in the filing
- 1,370,606 SF
- ENERGY STAR certified
- 2018, 2023
ENERGY STAR score by year
Energy sources in 2024
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.
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 10 jobs at 125 Broad Street. In the last two years, interior work was permitted on 6 floors (floors 1, 9 to 11, 28 and 34, the cellar and the sub-cellar). The newest build-out, on floor 11, was first permitted in July 2026 (construction, mechanical; filed cost estimate $1.1 million). A sidewalk shed permit here is active until June 9, 2027.
- New jobs, last 12 months
- 10
- Initial permits, last 12 months
- 16
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 1, 9 to 11, 28 and 34, cellar, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 4
- Sidewalk shed permit
- Active until Jun 9, 2027
Recent build-outs
New jobs by year
Build-outs across the Financial DistrictWhere NYC offices are being built out
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.
No office space listed in the Financial District yet
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Before you sign
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Questions about 125 Broad Street
What is the address of the former 2 New York Plaza?
The former 2 New York Plaza is at 125 Broad Street, New York, NY 10004, in the Financial District.
How big is 125 Broad Street?
125 Broad Street has about 1.1 million square feet of floor area in total, including 1.1 million 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 125 Broad Street built?
City records list 1970 as the year built. The building is 40 floors tall.
What other addresses does 125 Broad Street have?
City records list 2 American Express Plaza, 117-125 Broad Street, 2 New York Plaza, 15 South Street and 22 South Street on the same tax lot (BBL 1000057501) as 125 Broad Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 125 Broad Street?
125 Broad 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 125 Broad Street, New York, NY 10004, in the Financial District.
What is the zoning at 125 Broad Street?
The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 19.47 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 125 Broad Street?
The closest subway station to 125 Broad Street is Whitehall St-South Ferry (the R, W and 1 trains, connected to South Ferry), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Bowling Green (the 4 and 5 trains), 5 min walk; Broad St (the J and Z trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 125 Broad Street?
125 Broad Street is a condominium of 26 tax lots with 4 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1000057501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of 125 Broad Street?
125 Broad Street reported an ENERGY STAR score of 70 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 70 earns a B. 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 81.5 kBtu per square foot, 25% below the national median of 108 for a similar property. Its greenhouse gas emissions were about 8,815 metric tons of CO2e (6.43 kg per square foot).
Is there construction at 125 Broad Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 10 jobs at 125 Broad Street. In the last two years, interior work was permitted on 6 floors (floors 1, 9 to 11, 28 and 34, the cellar and the sub-cellar). The newest build-out, on floor 11, was first permitted in July 2026 (construction, mechanical; filed cost estimate $1.1 million). A sidewalk shed permit here is active until June 9, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1000057501. 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 125 Broad Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $106.7 million for 125 Broad Street (the sum of its 26 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $11.6 million a year, roughly $11.00 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000057501 show the actual bill.
What is the assessed value of 125 Broad Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 125 Broad Street at $266.5 million ($68.8 million of it land) and its assessed value at $119.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($240.8 million) to 2026/27.
Is there office space for lease at 125 Broad Street?
No space at 125 Broad 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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