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160 Pearl St
New York, NY 10005 Financial District

Price Upon Request

Land For Sale  •  0.1 AC

Property Details

  • Property Type Land
  • Lot Size 0.1 AC
  • Zoning C5-5
100 Transit Score
100 Walk Score

Description 

Compass has been retained on an exclusive basis to facilitate the ground lease or sale of 160 Pearl Street, a prime development opportunity in the Financial District. This 22,614 SF six-story building sits on a 4,343 square foot lot and offers a maximum of 65,145 buildable square feet.

With C5-5 (R10 equivalent)/LM zoning, the property has a residential FAR of 12 (UAP) allowing for 52,116, as well as a commercial FAR of 15, allowing for a mixed-use property of 65,145 BSF, as well as the potential to purchase additional air rights from next door. Preliminary plans for a 75k GSF (60k ZFA) mixed-use property utilizing the ultra-low energy bonus can be provided upon request. Positioned amidst the thriving FiDi market, which has condo sales ranging up to $2,500/SF and rentals averaging $100/SF, the property offers multiple redevelopment opportunities -- 485X, 467M, ULEB, etc. -- in prime southern Manhattan.

Ownership is open to various proposals that reflect the unique nature of this property, including but not limited to a ground lease or lease-to-own scenario. This flexibility, combined with the building’s exceptional location and development potential, makes 160 Pearl Street an unparalleled mixed-use opportunity for a creative developer.

Feel free to reach out with any questions, to request a zoning study, pro forma, or submit an offer. via email at Nathan.Horne@Compass.com or call/text 706-255-5657.

Highlights

Flexible Purchase/Lease Options (Ground Lease, Lease-to-own, etc.)
65,145 BSF Max Buildable plus Potential Air Rights
Condos in FiDi $2,500/SF
Rentals in FiDi $100/SF
Excellent Retail and Resi Corridor
Prime Southern Manhattan

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 8 min - 2.4 mi
Exchange Place (Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 14 min - 5.1 mi
Transit/SubwayDriveWalkDistance
Wall Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
Broad Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
Wall Street (4,5 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Fulton Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Fulton Street (J,M,Z Line) (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 23 min - 10.5 mi
Newark Liberty International 22 min - 13.3 mi
John F Kennedy International 32 min - 18.7 mi
Nathan Horne 706-255-5657 Compass
Nathan Horne 706-255-5657 Compass