Morse Building 140 Nassau Street, New York, NY 10038

Morse Building is a Co-op located 140 Nassau Street, in Financial District, New York. The building was first built in 1880 and is 143 years old. It was first renovated and altered in 1988. The building is currently considered a landmark so make sure to check it out when you're in the area. The lot that the building was built on is 85 feet wide and 70 feet long. The official lot area is listed as 5,964 square feet. The building itself is 83 feet wide and 70 feet long. In total, 140 Nassau Street has a total floor area of 79,422 square feet. Of that, 73,422 square feet are used for residential purposes. About 6,000 square feet of the building are used for commercial purposes. There are a total of 43 units. Of those, 39 are residential units. There are four commerical units. 140 Nassau Street has a total of 14 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. There are 28 closings on record, of which we have matching data for 15 listings. In the past 3 years, a listing in this building will typically remain on the market for about 181 days and tend to sell above the original asking price of $1,895,000 by 2.91%. Meaning, listings tend to sell at a median of $1,115 price per square foot. The transaction that took the longest to complete was unit 12B, listed on Sep 12, 2019 for $1,385,000. This particular unit ultimately sold 343 days later for $1,325,000. The most recent transaction was for unit 4A, which was first advertised on Jan 05, 2022, sold for $1,800,000 on Apr 28, 2022. Fun fact, the oldest transaction we have on record took place on May 18, 1972. See the full transaction history for Morse Building below.

Financial District, where 140 Nassau Street is located, has a median asking price of $1,160,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $1,895,000. For interested buyers, that means the building's median asking price is around 0.63% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,295,000. It is a 1-bedroom and 1-bathroom unit.