Rare ‘Piece of NYC History’ on Sale in 1913 Skyscraper at Staggering $18.5M
Summary
A rare, historic residence on the 40th floor of New York City's Woolworth Building is for sale at $18.5 million. The apartment, once the private office of Woolworth’s founder, spans over 6,000 square feet and preserves original architectural details while offering modern luxury.Key Facts
- The Woolworth Building was completed in 1913 and was once the world's tallest building at 792 feet.
- Residence 40 is a full-floor, 4-bedroom apartment with 15-foot ceilings and original terra-cotta window details.
- The building is located in Tribeca, Lower Manhattan, and is a recognized Gothic-style skyscraper designed by Cass Gilbert.
- Adaptive reuse of historic buildings, like converting offices into luxury residences, is growing in New York City.
- Historic building conversions help reduce carbon emissions by 50 to 75 percent compared to new construction.
- Nearly 25,000 apartments were created from repurposed buildings in 2024, a 50% increase from the previous year.
- The Woolworth Building is considered one of Cass Gilbert’s most important works, along with the U.S. Supreme Court building.
- Demand for homes with historical and architectural significance is increasing among luxury buyers.
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