Mixed-Use Development
160 Pearl Street New York, NY 10005
160 Pearl Street, New York, NY, 10005
$20,000,000
Pending
For Sale
$20,000,000
Pending
LAND - Other - New York, NY
Property Size22,614 SF
Lot Size0.10 Acres
Days on Market166
Property Features for 160 Pearl Street
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Pending
- Lot size
- 0.10 Acres
Building Details
- Architectural style
- Other
Listing Agency
Compass
(646) 982-0353
3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY
Listed by
Nathan Horne · License #10301210236
Added: Feb 1 Checked: Jul 17 at 12:06 pm
MLS# 11641204
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
160 Pearl Street is a mixed-use development opportunity in the Financial District, offered for sale or ground lease. The property includes a six-story building and sits on a 4,343 square foot lot.
As described in the zoning framework provided, the site is zoned C5-5 (R10 equivalent)/LM. The stated residential FAR is 12 (including the recreation bonus), which supports 52,116 BSF as of right. The materials also note the potential to increase residential buildable area to 62,477 BSF through the purchase of neighboring air rights. A stated commercial FAR of 15 allows for a maximum total of 65,145 BSF between residential and commercial uses.
Ownership is open to proposals, including ground lease or financing options, reflecting the property’s planned mixed-use development capacity under the above-referenced FAR limits.
As described in the zoning framework provided, the site is zoned C5-5 (R10 equivalent)/LM. The stated residential FAR is 12 (including the recreation bonus), which supports 52,116 BSF as of right. The materials also note the potential to increase residential buildable area to 62,477 BSF through the purchase of neighboring air rights. A stated commercial FAR of 15 allows for a maximum total of 65,145 BSF between residential and commercial uses.
Ownership is open to proposals, including ground lease or financing options, reflecting the property’s planned mixed-use development capacity under the above-referenced FAR limits.
Key Highlights
- 6‑story, 22,614 SF building on a 4,343 SF lot at 160 Pearl Street in the Financial District
- C5‑5 (R10 equivalent)/LM zoning with a residential FAR of 12 (including recreation bonus), supporting 52,116 BSF as of right
- Residential buildout can increase to 62,477 BSF by purchasing neighboring air rights
Local Financial Insights For Mixed Use
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 | $1.36M | $60.00 |
| − Vacancy | −$203.5k | −$9.00 |
| EGI | $1.15M | $51.00 |
| − OpEx | −$432.5k | −$19.13 |
| NOI | $720.8k | $31.88 |
22,614 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$10.30M
$9.01M – $12.01M
NOI $720,821 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$10.11M
$8.84M – $11.79M
NOI $707,531 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$56.29M
$49.25M – $65.67M
NOI $3,940,263 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BMS Securities
Financial Advisor
East Coast Capital
Consultant
Miller Associates, LTD
Business Management Consultant
hybrid funder
Loan Service
Precision Business Funding ...
Loan Service
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FAQs
What type of property is this?
Mixed-use property - Six-story building on a 4,343 SF lot with C5-5 (R10 equivalent)/LM zoning and stated FAR development capacity.
Where is this mixed-use property located?
The property is located at 160 Pearl Street New York, NY.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 6‑story, 22,614 SF building on a 4,343 SF lot at 160 Pearl Street in the Financial District; C5‑5 (R10 equivalent)/LM zoning with a residential FAR of 12 (including recreation bonus), supporting 52,116 BSF as of right; Residential buildout can increase to 62,477 BSF by purchasing neighboring air rights
