Description

At the crossroads of history and modern commerce, 75 Murray Street stands as one of Tribeca's most distinctive and storied addresses. Known as the Bogardus Mansion, this extraordinary property was built in 1857-58 and showcases a striking cast-iron facade in the Venetian Renaissance style-an enduring testament to James Bogardus, a pioneer of cast-iron architecture.

Spanning approximately 15,000 gross square feet (including 2,500 square feet below grade), the building has played a meaningful role in New York City's commercial evolution. Originally home to the Hopkins brothers' glassware enterprise, it later became the headquarters of Knickerbocker Annunciator, a key supplier of elevator and electronic cable systems during a period of rapid urban expansion.

Today, the property is configured as a highly functional mixed-use asset. The basement, ground floor, and second floor are occupied by a restaurant tenant, providing stable, long-term commercial income. The third, fourth, and fifth floors consist of free-market residential apartments, offering flexibility for continued leasing, end-user occupancy, or a live/work configuration.

A thoughtful restoration in the mid-1990s transformed the property into a dynamic and adaptable space, preserving its architectural integrity while supporting modern use. The building continues to serve as both a workplace and a cultural venue, with its dramatic interiors lending themselves to private events and creative activations.

Positioned between West Broadway and Greenwich Street, 75 Murray Street sits in the heart of Tribeca-widely considered one of New York City's most coveted neighborhoods. Surrounded by world-class dining, boutique retail, and a thriving creative and business community, the location offers exceptional accessibility and long-term value.

Inside, modern infrastructure supports today's needs, including high-speed connectivity, updated systems, and flexible layouts that can accommodate a range of uses. This versatility makes the property equally compelling as an investment, an owner-occupied headquarters, or a hybrid live/work environment.

Rental Income Summary:

• Restaurant (basement, ground & 2nd floors - lease through September 2034):

  $32,500/month $390,000/year

• Floor 3 (free-market residential / currently owner's family using):

  $10,000/month $120,000/year

• Floor 4 (free-market residential - leased through 2027):

  $10,000/month $120,000/year

• Penthouse / Floor 5 (free-market residential - leased through 2027):

  $15,000/month $180,000/year

Total Rental Income:

$67,500/month $810,000 annually

This is a rare opportunity to acquire a trophy Tribeca asset offering stable commercial income, free-market residential upside, and exceptional flexibility. Whether as a pure investment, a flagship live/work headquarters, or a combination of both, 75 Murray Street represents a compelling blend of history, income, and future potential in one of New York City's hottest neighborhoods.

75 Murray Street is not simply a building-it is a legacy asset positioned for its next chapter.