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    80 South St New York, NY 10038

    For Sale
    Contact for pricing

    Prime Mixed-Use, 817,784 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    80 South Street presents a unique mixed-use development opportunity in Manhattan's vibrant Seaport District. This vacant, 14,718 sq ft lot boasts significant frontage on South, Fletcher, and Front Streets, offering unparalleled visibility. The C5-3, LM zoning allows high-density development for commercial, residential, and community uses, with a maximum floor area of 817,784 sq ft, including 441,077 sq ft for residential and 376,707 sq ft for commercial. This includes transferable development rights (TDRs) and South Street Seaport Development Rights (SDRs). The site benefits from unobstructed panoramic views, ample natural light, and convenient access to multiple subway lines, including the Fulton Transit Center. This exceptional location, within a revitalized neighborhood featuring new housing, office, and hotel projects, offers developers a chance to capitalize on strong market demand in a thriving area with numerous restaurants, bars, and shops nearby. The existing structures can be demolished immediately, allowing for swift project commencement.

    Property Features for 80 South St

    General Information

    Property type
    Land

    HighLights

    • Triple‑street frontage: 97' on South Street, 144' on Fletcher Street, and 25' on Front Street, allowing for efficient floor plates.
    • C5‑3, LM zoning: High‑density development permitted for commercial, residential, and community uses.
    • Abundant natural light and air: Corner lot with north and east exposures.
    • Uninterrupted panoramic views: Protected views of Brooklyn and the East River due to low‑density zoning to the north.
    • Vacant and ready for immediate development: Existing structures can be demolished immediately.
    • Prime transit location: Short walk to multiple subway lines, including the Fulton Transit Center (8 lines).
    Property Profile Location Intelligence

    Current Use by Public Records

    Fiona INC Bait Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0044202
    Latitude
    40.7058367

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    FAQs

    What type of property is this?
    Land - Prime Mixed-Use, 817,784 sq ft
    Where is this land located?
    The property is located at 80 South St New York, NY.
    What are key features of this property?
    This property features: Triple-street frontage: 97' on South Street, 144' on Fletcher Street, and 25' on Front Street, allowing for efficient floor plates.; C5-3, LM zoning: High-density development permitted for commercial, residential, and community uses.; Abundant natural light and air: Corner lot with north and east exposures.
    Request Owner's contact information
    80 South St New York, NY 10038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    80 South St New York, NY 10038
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