Financial District Development
For Sale
Contact for pricing
45 Broad Street, New York, NY 10005
Shovel-ready site in Manhattan's Financial District with approved plans.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market181
Property Features for 45 Broad Street
General Information
Standard status
Active
Lot size
0.29 Acres
Property subtype
Land
Zoning
C5-5 (R10), LM* - Special Lower Manhattan District
Investment Type
Redevelopment
Building Details
Stories
56
Units
299
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Nick Tuleu · License #10401392738
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 12 at 5:37AM
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
Investment Insights
Based on property information with market context.
Located on the east side of Broad Street between Exchange Place and Beaver Street, 45 Broad Street presents a residential development opportunity in Manhattan’s Financial District. The site benefits from being vested under the former 421-a tax abatement. The location is in the heart of Lower Manhattan, surrounded by office, residential, retail, and hospitality uses, with immediate proximity to the Broad Street subway station. The lot dimensions are approximately 63.44 feet by 145.88 feet, with a lot area of 12,603 square feet. The site is fully demolished and construction-ready, with the foundation already constructed. Zoning is C5-5 (R10), LM — Special Lower Manhattan District, permitting residential, office, retail, and/or hotel uses. The allowable FAR is 10.0 for residential, 12.0 for residential with UAP, and 15.0 for commercial. Approved plans filed prior to City of Yes allow the site to achieve 12.0 FAR residential using the residential recreational space bonus. Air rights have been acquired from the adjacent northern parcel, increasing total allowable ZFA to 263,061 square feet. Approved plans call for 299 residential units. The site is eligible for an additional floor area bonus of up to 20% pursuant to ZR §66-51 due to proximity to the Broad Street subway station. The Financial District is one of Manhattan’s fastest-growing residential neighborhoods, with strong demand driven by luxury residential development, corporate office presence, and expanding retail and dining options. The site has flexible zoning allowing residential, commercial, or mixed-use development.
Key Highlights
- Vested under the former 421‑a tax abatement, providing a significant economic advantage.
- Shovel‑ready development site with demolition and foundation work complete, saving time and costs.
- Approved plans and acquired air rights allow for a significant 263,061 square feet of total allowable ZFA and reduce entitlement risk.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 10005, NY
10,639
Population
6,495
Households
1.6
Avg Household Size
31
Median Age
84%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
106,390
Density / Sq Mi
$211,810
Median Household Income
$133,727
Median Earnings
$3,501
Median Rent
$1,387,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Shovel-ready site in Manhattan's Financial District with approved plans.
Where is this commercial land located?
The property is located at 45 Broad Street New York, NY.
What are key features of this property?
This property features: Vested under the former 421‑a tax abatement, providing a significant economic advantage.; Shovel‑ready development site with demolition and foundation work complete, saving time and costs.; Approved plans and acquired air rights allow for a significant 263,061 square feet of total allowable ZFA and reduce entitlement risk.
