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Prime Block-Through Development Site

44-46 Water St, New York, NY

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For Sale

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Flexible zoning and convenient accessibility in New York, NY.

Type:MULTIFAMILY

Property size:

10,149 SF

Lot size:

0.23 Acres

HighLights

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.
Block‑Through Site: Offers efficient floor layouts and enhanced accessibility with multiple entrances.
Ability to Utilize Offsite UAP Certificates: R10 overlay allows purchase of offsite UAP certificates, enabling additional market‑rate residential floor area.
Partially Demolished: 78 Pearl Street is already demolished and 46 Water Street is vacant, saving time and costs.

We can help!

Listing Contact

Bob Knakal

Learn more

For Sale

Contact for pricing

Flexible zoning and convenient accessibility in New York, NY.

Type:MULTIFAMILY

Property size:

10,149 SF

Lot size:

0.23 Acres

Added:: Nov 10, 2025
Days on Market:: 216
Last Refresh:: May 20 at 9:41 pm

Property Features for 44-46 Water St

General Information

Standard status: Active
Size: 10,149 SF
Lot size: 0.23 Acres
Property subtype: MULTIFAMILY

We can help!

Listing Contact

Bob Knakal

Listing agent Bob Knakal License #10301211305

Listing office BKREA

Listing date Nov 10, 2025

Source Moodyscre

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 BKREA

HighLights

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.
Block‑Through Site: Offers efficient floor layouts and enhanced accessibility with multiple entrances.
Ability to Utilize Offsite UAP Certificates: R10 overlay allows purchase of offsite UAP certificates, enabling additional market‑rate residential floor area.
Partially Demolished: 78 Pearl Street is already demolished and 46 Water Street is vacant, saving time and costs.

Overview

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

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -74.0101
Latitude: 40.7036

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For sale
Land
NY
New York
44-46 Water St

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.

44-46 Water St, New York, NY

Flexible zoning and convenient accessibility in New York, NY.

Property Features for 44-46 Water St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Second-Floor Professional Office

Medical/Dental Condo Ready

Manhattan Commercial Condo For Sale

Vacant First-Floor Retail Store

Established Medical-Dental Practice Condo

Chinatown Office Space Opportunity

Chinatown Office Space Opportunity

Vacant Multi-Family Townhouse

East Harlem Commercial Redevelopment Opportunity

Morningside Gold Coast Brownstone

Two-to-Four Unit Residential Property

Mixed-Use Building with Retail and Loft

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