160 Pearl St

Our team 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.