Financial
- Monthly rent: $7,600
- Annual rent: $91,200
- Rent per SF/month: $3.80
- Rent per SF/year: $45.60
- Approximate monthly cost per 1,000 SF: $3,800
The location is the main strength. The building is in the Tribeca South Historic District, close to City Hall, federal government buildings and several major subway lines. Current marketing for the property specifically emphasizes the heavy daytime population generated by nearby government offices and institutions.
For an office user, the transit connectivity is particularly good: the A/C/E and 2/3 are within roughly a block, with City Hall and additional downtown lines nearby.
One thing I would investigate carefully is the exact office configuration and floor. Public information describes 79 Chambers primarily as a low-rise commercial/retail property, and another office use documented at this address notes that its second-floor offices are up one flight of stairs with no elevator. That doesn’t necessarily describe this particular 2,000-SF offering, but accessibility should therefore be confirmed before comparing it with conventional elevator office buildings.
At $7,600 for 2,000 SF, though, the basic economics look attractive. If the space has good natural light, an efficient layout and acceptable access—and there aren’t substantial additional charges on top of the quoted rent—$45.60/SF/year is a compelling starting point for a Tribeca/City Hall office search.
