160 Pearl St
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160 Pearl St
0.1 Acres of Commercial Land in New York, NY 10005
Investment Highlights
- 65,145 BSF between residential and commercial uses.
Executive Summary
Compass has been retained on an exclusive basis to facilitate the ground lease or sale of 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 purchase. This flexibility, combined with the building’s exceptional location and development potential, makes 160 Pearl Street a unique mixed-use opportunity for a creative developer.
Feel free to reach out with any questions, to request a zoning study, pro forma, or submit an offer via email at Nathan.Horne@Compass.com or call/text 706-255-5657.
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 purchase. This flexibility, combined with the building’s exceptional location and development potential, makes 160 Pearl Street a unique mixed-use opportunity for a creative developer.
Feel free to reach out with any questions, to request a zoning study, pro forma, or submit an offer via email at Nathan.Horne@Compass.com or call/text 706-255-5657.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.10 AC |
1 Lot Available
Lot
| Lot Size | 0.10 AC |
| Lot Size | 0.10 AC |
Ground lease option, Great opportunity for redevelopment project
Description
65,145 BSF between residential and commercial uses.
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 0039-0006 | Improvements Assessment | £1,091,139 |
| Land Assessment | £458,161 | Total Assessment | £1,549,300 |
PROPERTY TAXES
Parcel Number
0039-0006
Land Assessment
£458,161
Improvements Assessment
£1,091,139
Total Assessment
£1,549,300
zoning
| Zoning Code | C6-2 (C6 districts permit a wide range of high-bulk commercial uses requiring a central location) |
| C6-2 (C6 districts permit a wide range of high-bulk commercial uses requiring a central location) |
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160 Pearl St
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