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for saleRealtyLens property overview
$16,000,000

75 Murray St

Manhattan, NY, 10007
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6Beds
6.5Baths
15,000Sqft
$1067$/sqft

Listing Notes

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.

Market Insights

Below nearby median-61%

$1067/sqft vs a nearby median of $2761/sqft.

Nearby median$2761/sqft
Nearby properties8
Property size15,000 sqft
  • -61% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 15,000 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$44M$40M$48M · 50% confidence
vs ask $16M−$28M (−175.7%)

Asking price is about 175.7% below the fair value — likely to draw competing offers if it's still on market.

$2,761/sqft median across 7 tight comps × 15,000 sqft= $41M
  • Transit access+$1.66M +4.0%
  • Pre-war character+$1.03M +2.5%
Cumulative NYC adjustments+$2.69M+6.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-61% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
8 days
Last price change
No change recorded
Listed
May 4, 2026
Photos
27 photos
Property type
townhomes
Status
for sale

Features & Amenities

Two Or More StoriesBasementRental PropertyElevatorDen

Photos

Building Facts

Year built
1858
Stories
5
Total units
5
Residential units
1
Building area
10,895 sqft
Lot size
2,500 sqft
Land use
Commercial and office buildings
Building class
O5

From NYC public records where available.

Price History

May 4, 2026Initial record
$16,000,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.