115 South St - Storefront Retail/Residential FOR SALE


New York, NY 10038
$14,950,000 USD
646-741-1185
115 South St, New York, NY for Sale
$14,950,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

115 South St
New York, NY 10038


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$14,950,000 USD

PRICE/SF

$1,140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,748 SF

ZONING

C6-4S, New York

APN/PARCEL ID

0097-0002

ASK ABOUT THIS PROPERTY

Jim St. AndreCompassMore Info
646-741-1185

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Jim St. AndreCompassMore Info
646-741-1185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.