The landscape of New York City’s Financial District contains some of the city’s most impressive and oldest architecture, including one of the city’s earliest skyscrapers, The Broad Exchange Building. Constructed in 1902 by the renowned architectural firm of Clinton & Russell, the same architects who designed the luxury Upper West Side apartments now known as The Astor, The Broad Exchange Building was once the largest and most prestigious office building in Manhattan. Today, the building still retains many of its original historic architectural features while offering modern living spaces and amenities
You can join Untapped New York for a special tour of The Broad Exchange Building on May 5th to see the stunning architecture and new renovated spaces if you are an Untapped New York Insider. Not an Insider yet? Become a member today to gain access to free behind-the-scenes tours and special events all year long.
Led by Vanessa Low Mendelson, Sales Director at the Corcoran Sunshine Marketing Group, the tour will cover The Broad Exchange Building’s rich architectural history, uses in the past, and evolution to the present day. Guests will also have the opportunity to learn about public art landmarks in the neighborhood and two nearby properties, 70 Pine Street and 1 Wall Street, which were both designed by the same architectural firm as The Broad Exchange Building.
As one of New York City’s early skyscrapers, The Broad Exchange Building was among the first to make use of an iron frame, high-speed elevators, and building on bedrock. The exterior design elements play off the classical design of the New York Stock Exchange building down the block with ornate terra-cotta medallions, Greek figures, and floral ornaments punctuated by Doric columns. On the interior, core elements of the building’s storied past have been preserved, including twin grand marble staircases, the lobby’s original ceiling, and a number of black porcelain chandeliers.
25 Broad Street’s close proximity to the Stock Exchange, which is just steps away, made it a desirable office address for banking and brokerage firms of the early 20th century. The Financial District was the hub of New York City’s financial and governmental power and is one of the oldest neighborhoods in the city. The Broad Exchange building served as the headquarters of investment bank and stock brokerage firm Paine Webber for seventy years. In 2000, The Broad Exchange building was designated as a landmark.
The Broad Exchange Building was first converted for residential use in 1997 when 300 luxury apartments were created inside. This past spring marked the start of a new phase in the building’s more than a century-long history with the completion of a renovation project which converted the building into 308 for-sale condominiums. Along with the new residential spaces, 8,000-square-feet of new and upgraded amenity spaces have been transformed. The design of these spaces intentionally preserves and elevates the more traditional marble and brass elements while incorporating a unique, fun flair. Currently, the historic building remains as one of the last rental-to condominium conversion projects left in New York City.
Tour of The Broad Exchange Building