New York - Beach Property For Sale #7216898

We are happy to introduce, for ground lease or sale, 160 Pearl Street -- a prime development opportunity in the Financial District. This 22,614 SF six-story building sits on a 4,343 square foot lot and offers a maximum of 65,145 buildable square feet. With C5-5 (R10 equivalent)/LM zoning, the property has a residential FAR of 12 (including the recreation bonus) allowing for 52,116 BSF as of right, which can be increased to 62,477 BSF by purchasing the neighboring air rights. The commercial FAR of 15 entails a maximum of 65,145 BSF between residential and commercial uses. Positioned amidst the thriving FiDi market, which has condo sales ranging from $2,500 per square foot, and rentals from $100 per square foot, 160 Pearl Street is a lucrative canvas for a value-add investor or an end-user. Ownership is open to various proposals that reflect the unique nature of this property, including but not limited to a ground lease or financing options. This flexibility, combined with the building s exceptional location and development potential, makes 160 Pearl Street an unparalleled mixed-use opportunity for a creative developer. Feel free to reach out with any questions.