78 Pearl St New York, NY 10004

Listing agency BKREA b*@bkrea.com Show Phone

Listed by Nick Tuleu · License #10401392738

Source Crexi

Added: Jul 28, 2025 Updated: Jul 22 at 3:38PM Checked: Jul 22 at 3:38PM

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Investment Insights

Based on property information with market context.

This block-through development site includes two parcels: vacant land (Block 30, Lot 4) and a vacant building (Block 30, Lot 5). The irregular, block-through footprint provides design flexibility for redevelopment or conversion/enlargement. The property totals approximately 10,180 square feet, with frontage of 89.37 feet on Pearl Street and 54.46 feet on Water Street, and a maximum depth of 138.29 feet.

The site is located in the Special Lower Manhattan (LM) zoning district and is zoned C5-5 (R10). As-of-right uses include residential, commercial, hotel, and retail. Residential FAR is 10.0 base and 12.0 with Universal Affordability Preference (UAP), while commercial development is up to 15.0 FAR. Developers may also purchase up to 2.0 additional FAR (approximately 20,360 SF) of offsite UAP rights to increase total residential development.

Set in the Financial District between Coenties Slip and Hanover Square, the location offers access to multiple nearby subway lines and is surrounded by restaurants, hotels, waterfront attractions, and major office buildings.

Key Highlights

• Block‑through mixed‑use development site spanning from Pearl St to Water St between Coenties Slip and Hanover Square
• Includes Block 30, Lots 4 (vacant land) and 5 (vacant building) in the Financial District
• Approx. 10,180 SF total lot size with 89.37 ft frontage on Pearl St and 54.46 ft frontage on Water St

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FAQs

What type of property is this?

Commercial land - Block-through site with frontage on Pearl Street and Water Street, including a vacant land lot and vacant building.

Where is this commercial land located?

The property is located at 78 Pearl St New York, NY.

What are key features of this property?

This property features: Block‑through mixed‑use development site spanning from Pearl St to Water St between Coenties Slip and Hanover Square; Includes Block 30, Lots 4 (vacant land) and 5 (vacant building) in the Financial District; Approx. 10,180 SF total lot size with 89.37 ft frontage on Pearl St and 54.46 ft frontage on Water St