160 Pearl St New York, NY 10005
- Mixed-use properties
- 22,614 SF
Current Use by Public Records
- BMS Securities / Financial Planner
- East Coast Capital / Consultant
- Miller Associates, LTD / Business Management Consultant
- hybrid funder / Financial Consultant / Loan Agency
- Precision Business Funding Source / Loan Agency
Property Details for 160 Pearl St
- Property size
- 22,614 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional mixed-use property at 160 Pearl Street in New York City's Financial District presents a unique investment opportunity. The six-story building, encompassing 22,614 square feet on a 4,343 square foot lot, offers significant development potential. With C5-5 zoning (R10 equivalent)/LM, the property boasts a residential floor area ratio (FAR) of 12, allowing for 52,116 buildable square feet as of right, expandable to 62,477 square feet through the acquisition of neighboring air rights. A commercial FAR of 15 allows for a maximum of 65,145 buildable square feet across residential and commercial uses. The property's location within the thriving Financial District, where condo sales reach $2,500 per square foot and rentals up to $100 per square foot, underscores its lucrative potential. Flexible ownership options are available, including ground lease and lease-to-own scenarios, catering to diverse investment strategies. This unparalleled opportunity is ideal for value-add investors or end-users seeking a creative development project in a prime New York City location. The property includes 65,145 buildable square feet of air rights.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0075
- Latitude
- 40.7057
