14 Maiden Ln 10 Unit Apartment Building $27,240,000 ($2,724,000/Unit) 5.30% Cap Rate New York, NY 10038

The Diamond Condo | 14 Maiden Lane
In the heart of New York City’s Financial District, a nineteenth-century landmark has been meticulously cut and polished into one of FiDi’s most distinctive mixed-use offerings.
Originally constructed in 1892 as the Diamond Exchange—once the epicenter of the U.S. diamond trade—this former ten-story skyscraper has undergone a comprehensive, design-led revitalization. The result is The Diamond Condo: an exclusive collection of nine full-floor, newly renovated condominium residences, including a penthouse with a private roof terrace, together with a prime ground-floor retail condominium.
Built within a cast-iron structure originally engineered to support heavy jewelry safes, the building retains rare architectural features, including historic bay windows—among the first ever constructed in New York—originally designed to provide diamond dealers with optimal natural light. Today, these same windows flood each residence with exceptional natural light, a quality rarely replicated in modern construction.
Each approximately 1,300 SF residence offers full-floor privacy and an efficient, functional layout. Living areas are positioned at the front of the building to maximize light and views, while bedrooms, walk-in closets, and spa-like bathrooms are quietly located toward the rear. Interiors feature white oak chevron flooring, custom European millwork, Viking ranges, Bosch appliances, and carefully integrated storage throughout.
The penthouse residence includes a private roof terrace with outdoor kitchen, pergola, and dedicated office space, offering rare indoor-outdoor living in the core of Lower Manhattan.
By prioritizing full-floor residences and in-unit luxury over costly, underutilized building amenities, the property benefits from exceptionally low operating and carrying costs, supporting strong net income and long-term ownership efficiency.

Attractive Yield with Long-Term Optionality
The Diamond Condo presents a compelling opportunity for investors seeking immediate, stabilized yield from both residential and retail income streams, paired with meaningful long-term optionality.
The asset can be operated as a fully leased mixed-use property, generating consistent cash flow today, while preserving the ability to sell individual condominium residences at a later date, either selectively or in full, depending on market conditions and investment strategy.
This combination of current yield, low carrying costs, and condominium exit flexibility is rarely available in a newly renovated boutique asset in Manhattan’s Financial District.
A limited opportunity exists to acquire all residential units and the ground-floor retail condominium, with an attractive management structure already in place, allowing for efficient operations from day one.
For additional photos, floorplans, and detailed information, please visit: www.diamondcondo.com
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