160 Pearl Street, New York, NY 10005

160 Pearl Street presents a vacant six-story commercial building for redevelopment on a 4,235 SF lot. The property benefits from as-of-right zoning capacity supported by an April 2026 building program from ARK Design, showing a 22-floor, 73-unit, 255-foot mixed-use tower concept. Per the program, the development would place commercial space on floors 1–2 and residential use on floors 3–22, producing total as-of-right zoning area of 56,373 SF (50,083 SF residential and 6,290 SF commercial) without requiring special permits, variances, or discretionary approvals.

The site is zoned C5-5 within the Special Lower Manhattan District. The provided zoning framework includes independent residential and commercial envelopes, with residential FAR of 10 and commercial FAR of 15. The property is described as located immediately adjacent to the South Street Seaport, now positioned as a dining, entertainment, and cultural destination.

For qualified developers and investors, this offering combines a C5-5 designation with a documented mixed-use redevelopment pathway under the supplied program. The seller is also presenting a comprehensive ND Architecture zoning study, and the materials note potential additional development capacity via the transfer of landmark air rights under ZR 91-A6. A projected value of $35,343,340 is included within the presented ARK Design program.