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Broad Exchange Building

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Broad Exchange Building

The Broad Exchange Building, also known as 25 Broad Street, is a residential building at Exchange Place and Broad Street in the Financial District of Lower Manhattan in New York City. The 20-story building was designed by Clinton & Russell and built between 1900 and 1902. The Alliance Realty Company developed the Broad Exchange Building as a speculative development for office tenants.

The Broad Exchange Building is either 20 or 21 stories tall. Its articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital. The lowest three stories of the facade are clad with rusticated granite blocks; the fourteen-story shaft is clad with brick; and the top stories are clad with granite and terracotta, topped by a copper cornice. Inside, the building originally contained office space, but as of 2019, has 307 residential units. With 326,500 square feet (30,330 m2) of rental space in total, the Broad Exchange Building was Manhattan's largest office building upon its completion.

Due to the Broad Exchange Building's proximity to the New York Stock Exchange Building, many financial firms sought space in the building. The Broad Exchange Building was sold off numerous times in the late 20th and early 21st centuries. The Broad Exchange Building was gutted and renovated into apartments in the late 1990s, and a southern wing of the building was demolished in the early 21st century. The building was added to the National Register of Historic Places (NRHP) in 1998, and was designated a city landmark by the New York City Landmarks Preservation Commission in 2000. It is also a contributing property to the Wall Street Historic District, a NRHP district created in 2007.

The Broad Exchange Building is located in the Financial District of Manhattan, at the southeast corner of Broad Street and Exchange Place. The block on which the building is located is bounded by Broad Street to the west, Exchange Place to the north, William Street to the east, and Beaver Street to the south. The Broad Exchange Building has 106.8 feet (32.6 m) of frontage on Broad Street and 296.3 feet (90.3 m) on Exchange Place.

As designed, the building was shaped in an irregular "T" with a wing going southward toward Beaver Street. According to a 1909 advertisement, the building originally occupied around 28,705 square feet (2,666.8 m2) of space. The southern wing was demolished in the early 2010s.

The building is adjacent to 15 Broad Street to the north; the New York Stock Exchange Building to the northwest; the Continental Bank Building to the west; and the Lee, Higginson & Company Bank Building and 45 Broad Street to the south. In addition, 55 Wall Street and 20 Exchange Place are less than one block east, and Federal Hall and 23 Wall Street are one block north. Historically, the Broad Exchange Building also abutted the Corn Exchange Bank at William and Beaver Streets, a site later taken up by 15 William Street. Flanking the main building entrance on Broad Street are two staircase entrances for the Broad Street station on the New York City Subway's Nassau Street Line (served by the J and ​Z trains).

The building was designed by Clinton and Russell in the Italian Renaissance Revival style. It is 276.55 feet (84 m) tall. Sources differ on whether the building has 20 or 21 stories.

The primary elevation on Broad Street contains 10 vertical bays, while the Exchange Place elevation has 26 bays. The Broad Exchange Building's articulation consists of three horizontal sections similar to the components of a column, namely a base, shaft, and capital. The lowest three stories of the facade are clad with rusticated granite blocks. The fourteen-story shaft is generally clad with brick and contains terracotta trim. The highest three stories contain a facade of granite and terracotta, topped by a copper cornice.

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