Seven-Story Mixed-Use Apartment
160 Front St New York, NY 10038
160 Front St, New York, NY, 10038
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For Sale
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Seven-story property includes 62 apartments and a high-visibility street-level Starbucks storefront.
Property Size53,000 SF
Price / SF$471.70
Days on Market92
Property Features for 160 Front St
General Information
- Standard status
- Active
- Size
- 53,000 SF
- Property subtype
- Mixed Use
Listing agency
Norman Bobrow & Co. Inc.
(212) 682-9714
Listed by
Jonathan Kershner · License #NY 10401279641
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 6:32PM Checked: Jul 22 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norman Bobrow & Co. Inc.
Investment Insights
Based on property information with market context.
This seven-story mixed-use property offers 62 residential units and street-level retail anchored by a high-visibility Starbucks on the Water Street frontage. The residential component is comprised of 41 free-market and 21 rent-stabilized apartments, with a unit mix of 34 studios, 22 one-bedrooms, 4 two-bedrooms, and 2 two-bedroom penthouses.
The property also includes 81,813 SF of total expansion potential, with unused floor area identified as 41,980 SF of residential growth capacity and 39,833 SF of commercial growth capacity.
For access, the property is positioned approximately two blocks from the Pier 11/Wall Street Ferry Terminal and about a six-minute walk from the Fulton Street Transit Center, offering extensive subway connectivity via the 2, 3, 4, 5, A, C, J, and Z lines.
The property also includes 81,813 SF of total expansion potential, with unused floor area identified as 41,980 SF of residential growth capacity and 39,833 SF of commercial growth capacity.
For access, the property is positioned approximately two blocks from the Pier 11/Wall Street Ferry Terminal and about a six-minute walk from the Fulton Street Transit Center, offering extensive subway connectivity via the 2, 3, 4, 5, A, C, J, and Z lines.
Key Highlights
- Seven‑story elevator building with 62 residential units: 41 free‑market and 21 rent‑stabilized apartments
- Unit mix: 34 studios, 22 one‑bedrooms, 4 two‑bedrooms, and 2 two‑bed penthouses
- $118,326 in preferential rents within the stabilized component
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.17M | $59.88 |
| − Vacancy | −$158.7k | −$2.99 |
| EGI | $3.01M | $56.89 |
| − OpEx | −$1.36M | −$25.60 |
| NOI | $1.66M | $31.29 |
53,000 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$106.55M
$93.23M – $124.31M
NOI $7,458,400 @ 7.0% cap · market cap 29.83%
Second Best
Apartment 5plus
$23.69M
$20.73M – $27.64M
NOI $1,658,227 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$131.92M
$115.43M – $153.91M
NOI $9,234,720 @ 7.0% cap · market cap 36.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conklin Costantin Architects ...
Architect
Super Samson Management
Business Management Consultant
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FAQs
What type of property is this?
Apartment building - Seven-story property includes 62 apartments and a high-visibility street-level Starbucks storefront.
Where is this apartment building located?
The property is located at 160 Front St New York, NY.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Seven‑story elevator building with 62 residential units: 41 free‑market and 21 rent‑stabilized apartments; Unit mix: 34 studios, 22 one‑bedrooms, 4 two‑bedrooms, and 2 two‑bed penthouses; $118,326 in preferential rents within the stabilized component
