[4]: 2 Construction began on its new building – which was selected by competition and located at 81, 83, and 85 East 125th Street – on April 3, 1883 and was completed on February 1, 1884, although the bank, occupying the main floor, moved in by late 1883.

The basement, partially above ground, was initially occupied by the Mount Morris Safe Deposit Company at #83, which built and owned the building.

They had their own entrance at #81 and were served by an elevator, but they barely lasted two decades: by the early twentieth century the apartments were converted into offices.

Chemical closed the branch in the mid 1960s and moved its operations to a new location nearby,[4]: 3  following which various commercial tenants and a church occupied the building.

[4]: 5 By the late 1970s, when properties were being abandoned all over the city, the Corn Exchange structure was vacant, and remained mostly empty for three decades, vandalized and deteriorating.

The design, by Danois Architects, is not intended to be an exact copy of the original, but rather strongly suggestive of it, and was approved by the Landmarks Preservation Commission in 2013.