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44-46 Water St New York, NY 10004

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For Sale
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Flexible zoning and convenient accessibility in New York, NY.

Property size:
10,149 SF
Lot size:
0.23 Acres

Property Features for 44-46 Water St

General Information

Size
10,149 SF
Lot size
0.23 Acres

Source: BKREA Agent Bob Knakal

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Block-Through Development Site

This commercial land site offers flexible zoning that permits residential, office, hotel, retail, and community facility uses. The location makes any combination of these uses highly desirable. The site offers 89.37 feet of frontage on Pearl Street and 54.46 feet on Water Street. This substantial frontage supports greater construction efficiency by reducing the loss factor, which results in more developable square footage. The site has an R10 overlay, allowing a developer to purchase offsite UAP Certificates, build additional market-rate residential floor area, and reduce its cost basis. The property at 78 Pearl Street is already demolished, and 46 Water Street is vacant. The block-through nature of the site allows for more efficient floor layouts and enhanced accessibility for future tenants or occupants, with the benefit of multiple entrances. The site is a 5-minute walk from the 2 and 3 trains at Wall Street, and a short walk to the 4, 5, A, C, J, and Z lines at Fulton Street, offering excellent connectivity throughout the city. The existing building at 46 Water Street will be delivered vacant and is currently built to 10.83 FAR or 85,472 SF. Given the great ceiling heights, this property could also be a great conversion with enlargement candidate. The property size is 10,149 square feet.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-74.010098
Latitude
40.703604

FAQs

What type of property is this?
Land - Flexible zoning and convenient accessibility in New York, NY.
Where is this land located?
The property is located at 44-46 Water St New York, NY.
What are key features of this property?
This property features: - Flexible Zoning: Permits residential, office, hotel, retail, and community facility uses.; - Significant Frontage: Substantial frontage on Pearl and Water Streets allows for greater construction efficiency.; - Convenient Accessibility: Located within a short walk to multiple subway lines (2, 3, 4, 5, A, C, J, Z) providing excellent city-wide connectivity.
More about this property
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