A recent $3.45 million sale in the Morse Building at 140 Nassau Street set a record as the most expensive co-op sale ever recorded in the Financial District.
While the sale might not seem notable in the world of Manhattan real estate, where apartments priced at $10 million and upwards are commonplace, there are only 13 co-op buildings in the Financial District where the median listing price is $935,000 for the neighborhood's 21 available co-ops. Additionally, over the last 12 months, co-op sales have closed at a median of $772,500. By contrast, more expensive sales are routinely recorded in the neighborhood’s dozens of condo buildings which have a 12-month closing median of $1,227,500. See all closed sales here.
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Listing photos via Douglas Elliman
Dining room
The apartment in the landmarked Morse Building, unit 14A/B, is a 2,800-square-foot, three-bedroom, two-bathroom unit. According to the listing, the apartment boasts 23 oversized windows and an open-concept living and dining room area.
The Morse Building, which became a designated landmark in 2006, was originally built in 1880 as an office building and developed by the nephews of Samuel Morse, the inventor of the telegraph.
Median co-op closing prices in the Financial District (CityRealty)
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