The Financial District Condo Market
Summary: What new Financial District condos actually close for and how fast they sell. The market is a few large full-service towers, and most take years to sell out.
What Financial District Condos Sell For
Over the last five years, 187 new condos closed in 7 Financial District buildings at a median $2,830,268, or $1,838 per square foot. Here's what sold, by size:
| Home | Share of sales | Sizemedian sf | Pricemedian | $/sfmedian |
|---|---|---|---|---|
| Studio | 1% | — | — | — |
| 1 bedroom | 16% | 842 | $1,615,27530 sales | $1,862 |
| 2 bedrooms | 41% | 1,371 | $2,412,78677 sales | $1,779 |
| 3+ bedrooms | 41% | 1,905 | $3,693,78277 sales | $1,951 |
| All homes | 100% | 1,487 | $2,830,268187 sales | $1,838 |
Sponsor closings (first deed for each new home, ACRIS), Sep 30, 2021 to Sep 30, 2026.
These are closing prices: the first recorded deed for each new home, matched to its unit in the offering plan. Resales are left out.
Financial District Condo Prices Over Time
- $6222003
- $8522004
- $9742005
- $8982006
- $9412007
- $8642008
- $7642009
- $6612010
- 2011
- $9702012
- 2013
- 2014
- 2015
- 2016
- $1,6372017
- $1,6082018
- $1,3262019
- $1,9142020
- $1,9102021
- $1,9612022
- $1,8882023
- $1,7762024
- $1,7532025
- $1,8262026
Sponsor closings (ACRIS) through Sep 30, 2026. Hover a year for its count; empty years had fewer than 3 closings.
Only a few towers close in any year (hover a bar for its count), so each bar moves with whichever buildings were selling rather than with the same homes changing value.
| Year | Sponsor closings | Median price | Median $/sf | 1 bedroommedian | 2 bedroomsmedian |
|---|---|---|---|---|---|
| 2003 | 522 buildings | $518,250 | $622 | $394,396 | $998,903 |
| 2004 | 312 buildings | $1,170,988 | $852 | $655,000 | $1,170,988 |
| 2005 | 142 buildings | $677,500 | $974 | $672,500 | — |
| 2006 | 62 buildings | $754,754 | $898 | $674,500 | — |
| 2007 | 213 buildings | $1,135,349 | $941 | $697,501 | $1,272,813 |
| 2008 | 902 buildings | $843,620 | $864 | — | — |
| 2009 | 221 building | $831,928 | $764 | — | — |
| 2010 | 52 buildings | $700,000 | $661 | — | — |
| 2012 | 52 buildings | $678,750 | $970 | — | — |
| 2017 | 292 buildings | $2,000,861 | $1,637 | $1,421,826 | $2,101,389 |
| 2018 | 102 buildings | $2,112,500 | $1,608 | $1,196,010 | $2,225,000 |
| 2019 | 102 buildings | $1,731,260 | $1,326 | $956,146 | $1,937,520 |
| 2020 | 693 buildings | $2,230,000 | $1,914 | $1,651,720 | $2,312,500 |
| 2021 | 1843 buildings | $2,198,953 | $1,910 | $1,589,818 | $2,524,793 |
| 2022 | 563 buildings | $2,840,134 | $1,961 | $1,939,300 | $2,603,309 |
| 2023 | 144 buildings | $3,125,000 | $1,888 | — | $2,757,500 |
| 2024 | 133 buildings | $2,850,778 | $1,776 | $1,500,000 | $2,300,000 |
| 2025 | 365 buildings | $2,958,792 | $1,753 | — | $2,252,500 |
| 2026 | 153 buildings | $3,078,581 | $1,826 | — | $2,170,000 |
First recorded deed for each new home, from city deed records matched to the offering plan's unit list, through Sep 30, 2026. Years with fewer than 3 closings are left out; bedroom columns need 3 sales.
How Fast Financial District Condos Sell
Slowly. Of the 10 buildings whose sponsor closings began in 2015 or later, only 2 have sold out, and 0% did so within a year. The typical building closed 36% of its homes in its first year of sales.
- Long tails. 6 buildings still had unsold homes two years or more after their first closing.
- Close to list. The median building's first sales closed 6% below list: the sponsor's Schedule A price for the same homes, across 5 buildings we could match.
Why the Financial District's Condo Market Has Slowed
The Financial District has had 54 condo plans with 7,163 homes since 2000. It now adds about 20 homes a year in plans accepted since 2023, against 567 a year in 2000–07, 97% fewer.
| Plan accepted | Plans a year | Homes a year | Typical buildinghomes | Asking $/sf |
|---|---|---|---|---|
| 2000–07 | 433 plans | 567 | 84 | $716 |
| 2008–14 | 18 plans | 90 | 20 | — |
| 2015–19 | 211 plans | 384 | 110 | $2,198 |
| 2023–today | 12 plans | 20 | 37 | — |
Accepted condo plans. Asking $/sf: the median building's first Schedule A price list.
- Fewer, smaller projects. 4 plans a year were accepted in 2000–07, with a typical 84 homes each. Since 2023 it's 1 a year, with 37.
- Prices are higher. The median plan asked $716 a square foot in 2000–07; later plans ask far more (table above).
Where Financial District Condos Are, and the Walk to the Subway
Outline: Financial District as our data pages draw it. Each dot is a plan; each square the nearest entrance of a station those plans walk to.
Few neighborhoods have more lines:
- 2 and 3: Wall St (William Street) and Fulton St
- 4 and 5: Wall St (Broadway), Fulton St and Bowling Green
- A and C: Fulton St
- J and Z: Broad St and Fulton St
- R and W: Rector St, Cortlandt St and Whitehall St
- 1: Rector St, WTC Cortlandt and South Ferry
| Nearest subway | Lines | Condo plans | Walkmedian |
|---|---|---|---|
| Fulton St | 2, 3, 4, 5, A, C, J, Z | 22 | 1 min |
| Wall St | 2, 3 | 11 | 2 min |
| Broad St | J, Z | 6 | 1 min |
| Rector St | 1 | 6 | 2 min |
| Brooklyn Bridge-City Hall/Chambers St | 4, 5, 6, J, Z | 4 | 5 min |
| Rector St | R, W | 2 | 2 min |
Each plan counted once, at the station entrance with the shortest walk.
The median recent building is 2 minutes from a subway entrance, and 92% are within 5 minutes. More in subway distance and condo prices.
Amenities, Laundry and Doormen
What the offering plans accepted since 2015 include:
Amenities
100%have a shared amenity: gym, roof deck, bike room, package room or storage
Washer/dryer
100%include a washer and dryer in each home
Doorman
91%have a staffed front desk
Plans accepted since 2015. Amenities: 8 new-construction plans; washer/dryer: 10 plans that say either way; front desk: 11 plans read.
- Full service: 82% have a 24-hour front desk, and 100% have an elevator.
- Gyms in 100% of the new-construction plans we read for amenities.
- Gas cooking in 91% of the plans that name a stove fuel.
New Financial District Condo Plans Filed Since 2025
Condo plans filed since 2025: 1, with 9 homes (1 accepted, 0 still under review).
| Building | Filed | Asking $/sf | Common chargesper month | Subway walk |
|---|---|---|---|---|
| 14 Maiden Lane9 homes | Nov 6, 2025Accepted Nov 6, 2025 | $2,028 | — | 1 minFulton St (2, 3, 4, 5, A, C, J, Z) |
Asking $/sf: the sponsor's Schedule A average. A dash means the plan doesn't list enough priced homes, or its budget isn't read yet.
FAQ
How much do new condos in the Financial District cost?
Over the five years to Sep 30, 2026, new Financial District condos closed at a median $2,830,268: about $1,615,275 for a one-bedroom and $2,412,786 for a two-bedroom.
What is the price per square foot for Financial District condos?
The median sponsor closing was $1,838 per square foot over the last five years.
Do Financial District condos sell below the asking price?
Slightly. The median building's first sales closed 6% below list, the sponsor's Schedule A price for the same homes.
How long does it take a Financial District condo building to sell out?
Usually more than two years: 6 of the 10 buildings whose sales began since 2015 still had unsold homes two years after their first closing.
Do Financial District condos have doormen?
Almost all: 91% of recent plans have a staffed front desk.
Where do these figures come from?
The Financial District is the neighborhood as our data pages draw it, from each building's map point; Battery Park City is counted separately. Plans are condo offering plans the New York Attorney General accepted or is reviewing, with at least one home. Sales are sponsor closings from city deed records, through Sep 30, 2026. Features come from the plan text and may change by amendment; check the latest plan for the building you're buying in. New to offering plans? Start with what a condo offering plan is.
Related: The SoHo Condo Market · The Lower East Side Condo Market