# Deal for 60 Wall St. bodes well for Lower Manhattan

- URL: https://talkfuse.com/story/deal-for-60-wall-st-bodes-well-for-lower-manhattan/
- Published: 2026-11-08T17:51:53+00:00
- Updated: 2026-11-08T18:35:24+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/08/business/deal-for-60-wall-st-bodes-well-for-lower-manhattan/
- Topics: World

## Key points

- Bushburg is set to buy 60 Wall St. for $400 million.
- The vacant 47-storey tower may become apartments.
- Downtown office conversions have added 5,419 homes in 10 years.

## Summary

Bushburg Properties is in contract to buy the vacant 60 Wall St. for $400 million, a steep fall from its price a decade ago. The planned purchase matters because Bushburg may convert the 47-storey tower into apartments, bringing an imposing, long-dark building back into use and adding to Lower Manhattan’s housing supply.

The building has been empty since Deutsche Bank moved out between 2018 and 2021, and an earlier $250 million modernisation plan failed to revive interest in it as offices. Its large floor plates may make an apartment conversion difficult, and the number of homes is not yet known. Lower Manhattan has gained 5,419 apartments through office conversions in the past decade; more than 25 million square feet of Manhattan office space is planned or rumoured for repurposing, with downtown representing 44 per cent.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.