Financial District Development
45 Broad St, New York, NY 10005
Shovel-ready site in Manhattan's Financial District with approved plans.
Type:Land
Lot size:
0.29 Acres- Added:
- Feb 12, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 45 Broad St
General Information
- Standard status
- Active
- Lot size
- 0.29 Acres
- Property subtype
- Land
Listing agent Nick Tuleu License #10401392738
Listing office BKREA
Listing date Feb 12, 2026
Source Crexi
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
- 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.
- Located in the Financial District, one of Manhattan’s fastest‑growing residential neighborhoods with strong demand.
- Flexible zoning allows for residential, commercial, or mixed‑use development.
- Eligible for an additional floor area bonus of up to 20% due to proximity to the Broad Street subway station.
Overview
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.
Location Intelligence
Current Use by Public Records
Hairay
(Bike/Boat/Book/etc) Store
45 Broad - Condominiums
Condominium Complex
Lee, Higginson & Company ...
Bank
Listingpro
Travel Agency
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.011108
- Latitude
- 40.705549
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FAQs
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 St 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.
