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115 South St 7 Unit Apartment Building $15,902,067 CAD ($2,271,724 CAD/Unit) New York, NY 10038



INVESTMENT HIGHLIGHTS
- Currently configured as a dream penthouse 2-bedroom, 1.5 bathroom loft with 14-foot pitched ceilings atop six half-floor rental apartments.
- 115 South Street is in the heart of the Seaport district, a neighborhood whose history spans nearly four centuries.
EXECUTIVE SUMMARY
A special opportunity to create an iconic private residence atop an operating retail business, own an existing income-producing mixed use asset, or build a grand single family mansion - in the heart of one of the city’s most rapidly evolving destinations. 115 South Street’s history as a ship house circa 1840 is present throughout the building’s existing fabric, with exposed timber columns and beams as well as exposed brick walls and skylights creating irreplaceable moments.
Measuring 13,119 square feet in total and spanning 37 feet in width, this piece of New York history is awaiting its next chapter. Currently configured as a dream penthouse 2-bedroom, 1.5 bathroom loft with 14-foot pitched ceilings atop six half-floor rental apartments and a gracious ground floor retail space, opportunity exists to expand your residential footprint substantially for trophy use while enjoying income from the remaining units below. Additional FAR can be deployed with LPC approval for a rooftop addition to create more interior living space with river and Brooklyn Bridge views, if desired.
115 South Street is in the heart of the Seaport district, a neighborhood whose history spans nearly four centuries. Originally a port for the Dutch West India Company, it has evolved over the years into one of the city’s most vibrant and historic destinations. Today, original facades and cobblestone streets remain, housing a mix of restaurants, bars, shops, and cultural sites including Jean Georges' Tin Building and Pier 17. Sited at the edge of the East River, enjoy waterfront lifestyle with spellbinding views and easy access to Brooklyn via ferry service.
Measuring 13,119 square feet in total and spanning 37 feet in width, this piece of New York history is awaiting its next chapter. Currently configured as a dream penthouse 2-bedroom, 1.5 bathroom loft with 14-foot pitched ceilings atop six half-floor rental apartments and a gracious ground floor retail space, opportunity exists to expand your residential footprint substantially for trophy use while enjoying income from the remaining units below. Additional FAR can be deployed with LPC approval for a rooftop addition to create more interior living space with river and Brooklyn Bridge views, if desired.
115 South Street is in the heart of the Seaport district, a neighborhood whose history spans nearly four centuries. Originally a port for the Dutch West India Company, it has evolved over the years into one of the city’s most vibrant and historic destinations. Today, original facades and cobblestone streets remain, housing a mix of restaurants, bars, shops, and cultural sites including Jean Georges' Tin Building and Pier 17. Sited at the edge of the East River, enjoy waterfront lifestyle with spellbinding views and easy access to Brooklyn via ferry service.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $15,902,067 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $2,271,724 CAD | Building Class | C |
| Sale Type | Owner User | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 13,119 SF |
| No. Units | 7 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | C6-4 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Price | $15,902,067 CAD |
| Price Per Unit | $2,271,724 CAD |
| Sale Type | Owner User |
| Sale Condition | Redevelopment Project |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 13,119 SF |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C6-4 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
AMENITIES
SITE AMENITIES
- On-Site Retail
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 0097-0002 | Improvements Assessment | $1,069,727 CAD (2025) |
| Land Assessment | $369,654 CAD (2025) | Total Assessment | $1,439,382 CAD (2025) |
PROPERTY TAXES
Parcel Number
0097-0002
Land Assessment
$369,654 CAD (2025)
Improvements Assessment
$1,069,727 CAD (2025)
Total Assessment
$1,439,382 CAD (2025)
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115 South St
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