One Wall Street
Address
1 Wall Street, New York, NY 10005
Price Range
$1,500,000 – $13,950,000
Bedrooms
Studio-4 BR
Completion
2023
An Art Deco Icon Reimagined
One Wall Street is a landmark Art Deco conversion at the foot of Wall Street, transforming the former Irving Trust Company headquarters into 566 luxury residences. Developed by Macklowe Properties, the 56-story tower preserves the building's iconic 1931 limestone facade and Ralph Walker-designed interiors, including the restored Red Room with its floor-to-ceiling mosaic murals, while introducing contemporary luxury living.
Residences
The 566 residences range from studios to four-bedroom homes, featuring 10-foot ceilings, oversized windows with deep sills, custom white oak flooring, and chef's kitchens with Waterworks fixtures and Miele appliances. Bathrooms feature heated marble floors and custom vanities. The building offers a wide variety of layouts, making it accessible to a broad range of buyers.
Amenities
Amenities span over 100,000 square feet and include a 75-foot indoor swimming pool, full-floor fitness center, spa with treatment rooms, a private IMAX screening theater, golf simulator, children's playroom, coworking library, residents' lounge with terrace, and a rooftop observation deck. A Whole Foods Market occupies the retail space at the base of the building.
Location
Situated at the literal cornerstone of American finance, One Wall Street sits at Broadway and Wall Street, steps from the New York Stock Exchange, Federal Hall, and Trinity Church. The building is above the Wall Street subway station with access to the 2, 3, 4, and 5 lines, and is near the Fulton Center transit hub and multiple ferry terminals.
Investment Perspective
The 566-unit inventory offers a rare range of price points in a premium FiDi location, from studios near $1.5M to penthouses over $13M. The building's 25-year tax abatement significantly lowers carrying costs, and the Whole Foods and IMAX amenities create a lifestyle proposition that drives strong resale and rental demand. The historic landmark status adds a layer of prestige valued by international collectors.
Estimated Monthly Costs
$2,000
Property Tax
$1,600
HOA / Common Charges
$400
Insurance
Amenities
Information for International Buyers
Purchasing as a Foreign Buyer
Foreign nationals can purchase property in New York City with no restrictions on ownership. Unlike some countries, the U.S. does not require citizenship or residency to own real estate. Purchases can be made in a personal name, through an LLC, or via a foreign corporation.
Financing is available for foreign buyers, though terms typically require a 30-50% down payment and may carry higher interest rates than for U.S. residents. Several banks in NYC specialize in foreign national mortgages and accept alternative documentation.
Key considerations include FIRPTA withholding tax (15% of sale price held at closing, refundable if no tax is owed), potential estate tax exposure for non-resident aliens (federal exemption of only $60,000), and annual property tax obligations. We recommend working with a CPA and attorney experienced in cross-border real estate transactions.
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