By Daniel J. Bollinger
75 Wall Street is located at the heart of New York City’s Financial District (FiDi). FiDi has experienced exponential growth in the past few years and there still remains substantial growth potential in this area of Manhattan. FiDi is still transitioning from its historic role as one of the financial centres of the world into a residential neighborhood. With ten subway lines running through FiDi, the South Street Seaport, Battery Park, and an abundance of retail and luxury shopping with home services it is easy to see why FiDi in terms of price per square foot has grown faster than Manhattan as a whole in the past few years. You will see it become more popular once Whole Foods is “officially” in FiDi and the Full Service Market slated for 70 Pine Street comes on stream.
There is some interesting history regarding the 75 Wall Street building. Originally converted from office space to condos 75 Wall Street was then converted to rentals upon completion in 2009 and are now back on the market as condos. This is a blessing in disguise for any potential investors since a condo now offers an instant cash flow via the rentals for the owner. These condos are great for living too.
Sitting atop the Hyatt-managed Andaz Wall Street Hotel, 75 Wall Street offers luxury condominiums in the center of New York City’s most dynamic neighborhood. The studios to four bedroom plans available offer features with some great design details.
The designers infused the triangular façade of the building wonderfully inside. Sometimes triangular corners can create unusable or wasted space but not in any of 75 Wall Streets’ residences. I was very impressed how there is no wasted corner spaces in any of these condos. All angular walls are large enough to use the space plus the windowed walls create great views of downtown Manhattan. With lofty 10’ plus ceilings the apartments have a spacious feel to them. The kitchens have a great open feel to them also. I am a big fan of gallery style apartments as they provide more privacy with bedrooms set on opposite ends of the apartment and 75 Wall Street delivers nice gallery layouts. Most of the units also have a home office for those who need to get work done at home. Another impressive design detail is the integrated overhead storage cabinetry in some select residences. Space is always appreciated in NYC and these custom designs show how well the designers maximized the spaces. There are views galore with six-foot windows yielding panoramic views of the Manhattan skyline and New York’s river and bridges.
There are also many great amenities at 75 Wall Street. Many standard ones present in most new buildings these days include a fitness room, spa, meeting room, and lounge (named Club 75). Club 75 has a billiards table and is unique, boasting indoor/outdoor entertainment spaces with fireplaces and I particularly like the glass enclosed lounge with a bar and kitchen. Of course there are views galore throughout Club 75. Club 75 can also be rented out for private events. But the best amenities come with living on top of a hotel because you have hotel service options including room service, valet laundry, valet parking, and a Tesla Destination charging station ~ for an area of Manhattan that is still growing this shows real thought into the demands of the future. Another unique amenity is that 75 Wall has partnered with Luxury Attaché to provide residents with exclusivities, such as fitness classes, access to the hottest tickets and restaurant reservations, and programming for children.
75 Wall Street potentially presents a great investment and/or personal residence. Guaranteed instant cash flow on your investment in living in a growing neighborhood with top notch amenities that is sure to increase in value as more necessities (Whole Foods) move into this neighborhood.
To learn more about everything 75 Wall Street please visit their website at www.75wall.com