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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
251 active listings · Median $938K
Calculating market narrative...
A condo-dominant submarket with moderate rent growth and sale values below the 5-year high.
Median asking rent in Financial District is $4,800/month, $78 below the 5-year high set in Feb 2026. Rents are up +3.2% year over year and +42.2% over the past 5 years. Median sale price stands at $938K, 41.4% below the 5-year high recorded in Nov 2022. Sale prices are down -8.8% year over year. Sale listings are clearing 7 days faster than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
The Financial District occupies the southern tip of Manhattan, where landmark office towers have been converted into spacious residential lofts alongside new luxury high-rise condominiums with river and harbor views. The Oculus and Fulton Center transit hubs connect over a dozen subway lines, includ...
Stations: Wall St (0.03 mi), Broad St (0.06 mi), Rector St (0.09 mi), Cortlandt St (0.21 mi), Bowling Green (0.24 mi)
Midtown: 11 min (2 express from Wall St)
| School | Grades | Dist |
|---|---|---|
| P.S. 89 (Liberty School) | PK-5 | 0.59 mi |
| P.S. 234 Independence School | PK-5 | 0.65 mi |
| P.S. 150 Tribeca Learning Center | PK-5 | 0.82 mi |
| I.S. 312 NYC Lab Middle School | 6-8 | 0.58 mi |
| I.S. 289 (Hudson River Middle School) | 6-8 | 0.59 mi |
| Stuyvesant High School | 9-12 | 0.73 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Financial District
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Properties in Financial District
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Financial District buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
REBNY RLS covers NYC's 5 boroughs. OneKey MLS adds Long Island, Hudson Valley, and Westchester. Together they syndicate to 57,000+ agents, maximizing your listing's exposure from day one.
Manhattan hit $1.2M median (+7.1%), Bronx surged 16.8% to $730K, Brooklyn at $935K. Full Q1 2026 prices, inventory, days-on-market, and borough forecasts.
NYC 5-borough tracker: Manhattan $1.2M, Brooklyn $973K, Queens $735K, Bronx $730K, Staten Island $688K. January 2026 data.
About 10% of Manhattan condo sales are pied-a-terre purchases. Here is what you need to know about taxes, boards, and financing.
Manhattan median hit $1.15M (+4.7%), Brooklyn crossed $935K, Queens jumped 6.2% to $680K. Spring 2026 inventory down 18% YoY. Full borough-by-borough data.
The median sale price in Financial District is $938K. Condos sit at a median of $938K and co-ops at $650K. Sale prices are down 8.8% year over year.
No. The median sale price in Financial District is currently 41.4% below the 5-year high recorded in November 2022. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Financial District have a median of 79 days on market. That is 7 days faster than the same point a year ago. Only 8.7% of active listings have a price cut on record, signaling tight pricing.
Financial District is broadly balanced right now, with median days on market at 79 days and 8.7% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Financial District offers both co-ops and condos. Condos are the higher-priced segment at a $938K median, with co-ops at $650K.
Roughly 24 homes change hands each month in Financial District across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Financial District is $4,800/month. Live RLS listings show studios at $4,400, 1-bedrooms at $5,045, 2-bedrooms at $6,995, 3+ bedrooms at $9,800 per month. Rents are up 3.2% year over year.
Median asking rent in Financial District is currently $78 below the 5-year high set in February 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Financial District has risen 42.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Financial District, median sale prices range across Tribeca at $3.5M, Little Italy at $1.6M, Battery Park City at $815K, Chinatown at $550K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Financial District is served by the 1, 2, 3, 4, 5, J, R, W, Z trains. The commute to Midtown Manhattan runs roughly 11 minutes from Wall St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Financial District, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: mcoste@kwnyc.com.
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Financial District, I will guide you every step of the way.
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