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160 Pearl St 0.1 Acres of Commercial Land for Lease in New York, NY 10005
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.10 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.10 AC |
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.
Property Overview
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.
Property Facts
| Total Space Available | 0.10 AC | Property Subtype | Commercial |
| Property Type | Land | Proposed Use | Mixed Use |
| Total Space Available | 0.10 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
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160 Pearl St
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