160 Front St 62 Unit Apartment Building $34,141,499 CAD ($550,669 CAD/Unit) New York, NY 10038

The Sales Team at Norman Bobrow & Company Inc. has been exclusively retained to arrange the fee-simple sale of 160 Front Street. This well-maintained, mixed-use asset occupies a full-block site bounded by Water Street, Maiden Lane, Fletcher Street, and Front Street—providing absolute control of a contiguous lot in an established and rapidly evolving corridor of the Financial District.
The seven-story elevator property features 62 residential units, consisting of 41 free-market and 21 rent-stabilized apartments. The unit mix contains 34 studios, 22 one-bedrooms, 4 two-bedrooms, and 2 two-bed penthouses, which tailor to the demand of the neighborhood’s professional tenant base. The asset generates immediate in-place income and carries $118,326 in preferential rents within the stabilized component.
The asset is anchored by a high-visibility Starbucks on the Water Street frontage, providing a creditworthy retail component and a recognizable brand presence. Its prominent positioning delivers exceptional street profile and steady pedestrian exposure, serving as a highly identifiable cornerstone that enhances the overall prestige of the property.
Additionally, the property offers 81,813 SF of total expansion potential. This unused floor area consists of 41,980 SF of residential and 39,833 SF of commercial growth capacity, providing an opportunity for a vertical addition or future redevelopment of the site (Air Rights).
Transit accessibility is a primary driver for the tenant base, with the property located just two blocks (a 3-minute walk) from the Pier 11/Wall Street Ferry Terminal. This central hub provides direct commutes to Brooklyn, Queens, Staten Island, and New Jersey, as well as fast connections to Midtown Manhattan and the Rockaways. Beyond the ferry, the property is just a 6-minute walk from the Fulton Street Transit Center, offering unparalleled connectivity via the 2, 3, 4, 5, A, C, J, and Z subway lines for a rapid commute throughout Manhattan and the outer boroughs.