Office

Financial

• Monthly rent: $6,000
• Annual rent: $72,000
• Rent per SF/month: $3.33
• Rent per SF/year: $40.00
• Approximate monthly cost per 1,000 SF: $3,333
• Lease length: Negotiable

The location is a strong point for a downtown office. Bowling Green’s 4/5 and Whitehall Street’s R/W/1 are under 500 feet away, with Broad Street’s J/Z and the Staten Island Ferry terminal also nearby.

Compared with 79 Chambers Street, Stone Street saves $1,600/month, or $19,200/year, while giving up only 200 SF. On a normalized basis, you’re paying $40/SF/year versus $45.60/SF/year, so Stone Street is about 12% cheaper per square foot.

There is an important caveat, however. Historical building materials show relatively small third-floor office configurations—approximately 550 SF and 1,000 SF—while the current 1,800-SF marketing describes the available property as office/retail. That makes it important to establish exactly which floor(s) comprise the 1,800 SF and whether the quoted space is genuinely suitable and legally configured for your intended office use.

Purely economically, 6 Stone Street looks stronger than 79 Chambers: $72,000 versus $91,200 in annual base rent is a meaningful saving. I would favor Chambers if the space/building quality is materially better; otherwise, at $40/SF, Stone Street deserves a closer look.