Office building · Financial District, Manhattan

Cunard Building

25 Broadway, New York, NY 10004

The Cunard Building (25 Broadway) is a 23-floor office building in the Financial District, Manhattan, built in 1921, with about 587,000 square feet of office space according to city records.

Also at 13-27 Broadway, 13-39 Greenwich Street and 1-9 Morris Street.

Office space
587K SF
Floors
23
Year built
1921
Zoning
C5-5

Office space next to its nearest neighbors

  1. Cunard BuildingThis building587K SF
  2. 39 Broadway1 min walk430K SF
  3. Bowling Green Offices Building1 min walk412K SF
  4. 29 Broadway1 min walk312K SF

The 40th 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 Cunard Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Cunard Building ranks 2nd of 7 by office floor area. It went up in 1921; the median neighbor dates from 1898. Its estimated property tax, about $9.29 a square foot of floor area before abatements, is above the neighbors' median of $7.57.

The Cunard 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
Cunard Building, 25 BroadwayThis building587K SF231921$9.29n/a
29 Broadway1 min walk312K SF311925$5.70n/a
Bowling Green Offices Building, 11 Broadway1 min walk412K SF221898$6.33n/a
39 Broadway1 min walk430K SF381928$7.99n/a
International Mercantile Marine Company Building, 1 Broadway1 min walk191K SF131887$16.94Nov 2018, $140M
Standard Oil Building, 26 Broadway1 min walk857K SF321885$8.60Mar 2007, $225M
32 Broadway1 min walk135K SF181898$7.15n/a
The 40th 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
Cunard Building
Other addresses
13-27 Broadway; 13-39 Greenwich Street; 1-9 Morris Street
ZIP code
10004
Building type
Office building (city class O4)
Total floor area
809,401 SF
Commercial floor area
809,401 SF
Office
587,215 SF
Retail
42,000 SF
Industrial and storage
301 SF
Height
23 floors
Average floor
About 35,200 SF (floor area divided by floors)
Year built
1921
Last major alteration
2010
Lot area
48,071 SF
Zoning district
C5-5
Built FAR
16.84
Max commercial FAR
15
Landmark status
Individual and interior landmark
Tax lot (BBL)
1000130027

Nearest subway

  • Bowling Green1 min walk · Accessible station
  • Rector St2 min walk · Not accessible
  • Rector St2 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 25 BROADWAY OFFICE PROPERTIES LLC as the owner of record. For tax year 2026/27 the city values the Cunard Building at $160.1 million and assesses it at $72.1 million. After phase-ins and exemptions its taxable value is $69.3 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 $7.52 million a year before abatements, roughly $9.29 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
25 BROADWAY OFFICE PROPERTIES LLC
Tax class
Class 4 (commercial and industrial)
City market value
$160,123,000
Land market value
$41,199,000
Assessed value
$72,055,350
Taxable value (phased in)
$69,302,019
Estimated yearly tax
About $7.52 million
Tax per SF of floor area
About $9.29

City market value by tax year

  • 2022/23$141.8 million
  • 2023/24$146.2 million
  • 2024/25$156.7 million
  • 2025/26$158.9 million
  • 2026/27$160.1 million

Market value rose 13% from 2022/23 ($141.8 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Cunard Building reported an ENERGY STAR score of 85 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 84.7 kBtu per square foot, 28% below the national median of 118.2 for a similar property. Its greenhouse gas emissions were about 8,047 metric tons of CO2e (8.53 kg per square foot).

ENERGY STAR score (2024)
85 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
84.7 kBtu/SF
National median for the type
118.2 kBtu/SF
Greenhouse gas emissions
8,047 t CO2e
Emissions per SF
8.53 kg CO2e
Floor area in the filing
943,164 SF
ENERGY STAR certified
2023, 2024, 2025

ENERGY STAR score by year

  • 202288 (A)
  • 202485 (A)

Energy sources in 2024

  • Electricity71%
  • District steam29%

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 Cunard Building comes to about 5,835 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,791 tons for 2024 to 2029 (75% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,109 tons and the same energy use counts as about 3,412 tons, about 303 tons over, or an estimated $81,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
7,791 t CO2e
Estimated emissions
5,835 t CO2e
Under the limit by
1,956 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
3,109 t CO2e
Estimated emissions
3,412 t CO2e
Over the limit by
303 t CO2e
Estimated penalty a year
$81,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: K-12 School 235,036 SF; Other - Entertainment/Public Assembly 29,972 SF; Office 478,457 SF; Data Center 43,301 SF; Fitness Center/Health Club/Gym 28,576 SF; Adult Education 127,822 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

The Department of Buildings issued no permits for new jobs at the Cunard Building in the 12 months to October 2026; the last one was first permitted in March 2025. A sidewalk shed permit here is active until January 7, 2027.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
March 2025
Interior build-outs, last 24 months
0
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Jan 7, 2027

New jobs by year

  • 20212
  • 20221
  • 202319
  • 20243
  • 20251
  • 2026 to date0

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 Cunard Building was designed by Benjamin Wistar Morris, Carrere & Hastings (consulting) and built in 1920-1921 in the neo-Renaissance style. The Landmarks Preservation Commission designated it a New York City landmark on September 19, 1995. The Commission also designated part of its interior an interior landmark on September 19, 1995.

Architect
Benjamin Wistar Morris, Carrere & Hastings (consulting)
Constructed
1920-1921
Style
neo-Renaissance
Primary material
Indiana limestone
Built as
Office building
City landmark
Cunard Building: individual landmark, designated September 19, 1995 (LP-01928)
City landmark
Cunard Building: interior landmark, designated September 19, 1995 (LP-01929)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites, Designated and Calendared Buildings and 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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Before you sign

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Questions about Cunard Building

How big is the Cunard Building?

The Cunard Building has about 809,000 square feet of floor area in total, including 587,000 square feet of office, 42,000 square feet of retail and 0 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was the Cunard Building built?

The Landmarks Preservation Commission's building records date the Cunard Building to 1920-1921, designed by Benjamin Wistar Morris, Carrere & Hastings (consulting). The building is 23 floors tall.

Who designed the Cunard Building?

Benjamin Wistar Morris, Carrere & Hastings (consulting), according to the Landmarks Preservation Commission's building records, which list the style as neo-Renaissance and its original use as an office building.

Is the Cunard Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Cunard Building an individual landmark on September 19, 1995 (LP-01928). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Cunard Building?

The Cunard Building is at 25 Broadway in the Financial District, Manhattan. City records list 13-27 Broadway, 13-39 Greenwich Street and 1-9 Morris Street on the same tax lot (BBL 1000130027). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 25 Broadway?

25 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 Cunard Building is at 25 Broadway, New York, NY 10004, in the Financial District.

What is the zoning at the Cunard Building?

The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.84 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Cunard Building?

The closest subway station to the Cunard Building is Bowling Green (the 4 and 5 trains), about 350 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: Rector St (the R and W trains), 2 min walk; Rector St (the 1 train), 2 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Cunard Building?

The NYC Department of Finance's 2026/27 assessment roll lists 25 BROADWAY OFFICE PROPERTIES LLC as the owner of record of the Cunard Building (BBL 1000130027). 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.

What is the energy grade of the Cunard Building?

The Cunard Building reported an ENERGY STAR score of 85 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 85 earns an A. 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 84.7 kBtu per square foot, 28% below the national median of 118.2 for a similar property. Its greenhouse gas emissions were about 8,047 metric tons of CO2e (8.53 kg per square foot).

Does the Cunard Building meet Local Law 97?

At its 2024 energy use, the Cunard Building comes to about 5,835 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,791 tons for 2024 to 2029 (75% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,109 tons and the same energy use counts as about 3,412 tons, about 303 tons over, or an estimated $81,000 a year unless the building cuts its emissions. 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 Cunard Building?

The Department of Buildings issued no permits for new jobs at the Cunard Building in the 12 months to October 2026; the last one was first permitted in March 2025. A sidewalk shed permit here is active until January 7, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1000130027. 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 Cunard Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $69.3 million for the Cunard Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $7.52 million a year, roughly $9.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000130027 show the actual bill.

What is the assessed value of the Cunard Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Cunard Building at $160.1 million ($41.2 million of it land) and its assessed value at $72.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($141.8 million) to 2026/27.

Is there office space for lease at the Cunard Building?

No space at 25 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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