80 South Street, New York, NY 10038

Located in the South Street Seaport subdistrict within the Financial District in Manhattan, 80 South Street presents a mixed-use development opportunity. The irregular lot, situated on the northwest corner of South Street and Fletcher Street, features approximately 97' of frontage on South Street, 144' along Fletcher Street, and 25' facing Front Street. The site is currently vacant, allowing for immediate demolition of existing structures. The development lot totals approximately 14,718 square feet and is located within the C5-3, LM (Special Lower Manhattan District) zoning, which permits high density for commercial, residential, and community facility uses. Future development at 80 South Street will offer permanent, unobstructed panoramic views due to the absence of height restrictions and its location being bound by the East River and the South Street Seaport Historic District. The site has a max FAR of 15 for either commercial or community facility uses. Of this FAR, up to 12 can be used for residential purposes, translating to a max ZFA of 220,770 square feet, with 176,616 square feet allocated for residential use. The sale includes approximately 189,734 ZFA of Transferable Development Rights (TDRs) from neighboring lots and 407,280 South Street Seaport Development Rights (SDRs), resulting in a total maximum ZFA of 817,784 square feet. Of this, 441,077 square feet are available for residential use, while the remaining 376,707 square feet can be used for commercial purposes. The South Street Seaport/Financial District neighborhood has undergone a resurgence, with new housing, office, and hotel projects revitalizing the area. The site is surrounded by restaurants, bars, shops, and other attractions and is near several subway lines, providing connectivity to all parts of Manhattan and the outer boroughs.