14 Maiden Ln - Apartments FOR SALE


New York, NY 10038- Financial District
$27,240,000 USD
212-360-7000
14 Maiden Ln, New York, NY for Sale
$27,240,000 USD
Apartments - FOR SALE
1/16
null | 5.3% Cap Rate

14 Maiden Ln
New York, NY 10038
Financial District


OVERVIEW

The Diamond Condo | 14 Maiden Lane In the heart of New York City’s Financial District, a nineteenth-century landmark has been meticulously cut and polished into one of FiDi’s most distinctive mixed-use offerings. Originally constructed in 1892 as the Diamond Exchange—once the epicenter of the U.S. diamond trade—this former ten-story skyscraper has undergone a comprehensive, design-led revitalization. The result is The Diamond Condo: an exclusive collection of nine full-floor, newly renovated condominium residences, including a penthouse with a private roof terrace, together with a prime ground-floor retail condominium. Built within a cast-iron structure originally engineered to support heavy jewelry safes, the building retains rare architectural features, including historic bay windows—among the first ever constructed in New York—originally designed to provide diamond dealers with optimal natural light. Today, these same windows flood each residence with exceptional natural light, a quality rarely replicated in modern construction. Each approximately 1,300 SF residence offers full-floor privacy and an efficient, functional layout. Living areas are positioned at the front of the building to maximize light and views, while bedrooms, walk-in closets, and spa-like bathrooms are quietly located toward the rear. Interiors feature white oak chevron flooring, custom European millwork, Viking ranges, Bosch appliances, and carefully integrated storage throughout. The penthouse residence includes a private roof terrace with outdoor kitchen, pergola, and dedicated office space, offering rare indoor-outdoor living in the core of Lower Manhattan. By prioritizing full-floor residences and in-unit luxury over costly, underutilized building amenities, the property benefits from exceptionally low operating and carrying costs, supporting strong net income and long-term ownership efficiency. Attractive Yield with Long-Term Optionality The Diamond Condo presents a compelling opportunity for investors seeking immediate, stabilized yield from both residential and retail income streams, paired with meaningful long-term optionality. The asset can be operated as a fully leased mixed-use property, generating consistent cash flow today, while preserving the ability to sell individual condominium residences at a later date, either selectively or in full, depending on market conditions and investment strategy. This combination of current yield, low carrying costs, and condominium exit flexibility is rarely available in a newly renovated boutique asset in Manhattan’s Financial District. A limited opportunity exists to acquire all residential units and the ground-floor retail condominium, with an attractive management structure already in place, allowing for efficient operations from day one. For additional photos, floorplans, and detailed information, please visit: www.diamondcondo.com Please reach out for more information.

FOR SALE DETAILS

PRICE

$27,240,000 USD

PRICE/SF

$1,860 USD /SF

# OF UNITS

10

PRICE/UNIT

$2,724,000

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,889 SF

ZONING

C5-5

APN/PARCEL ID

0064-0021,0064-0023

ASK ABOUT THIS PROPERTY

Haavard IversenNew York Residence, Inc.More Info
212-360-7000

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Haavard IversenNew York Residence, Inc.More Info
212-360-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.