160 Pearl Street

Financial District, Manhattan | Pine Street & Wall Street

22,614 Square FeetDevelopment Site

$20,000,000

floors6

Lot Size47'x98'

Built Size47' wide

ZoneC5-5

Building TypeLow-Rise

RE Taxes$216,300

Price Per SF

$884

Property Description for 160 Pearl Street

We are happy to introduce, for ground lease or sale, 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 (including the recreation bonus) allowing for 52,116 BSF as of right, which can be increased to 62,477 BSF by purchasing the neighboring air rights. The commercial FAR of 15 entails a maximum of 65,145 BSF between residential and commercial uses. Positioned amidst the thriving FiDi market, which has condo sales ranging from $2,500 per square foot, and rentals from $100 per square foot, 160 Pearl Street is a lucrative canvas for a value-add investor or an end-user. Ownership is open to various proposals that reflect the unique nature of this property, including but not limited to a ground lease or financing options. 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.

Listing History for 160 Pearl Street

Now

07/15/2026

Contract Signed by Nathan Horne

Compass

03/05/2026

$20,000,000 [-$2,000,000] [9.1%]

Price Drop by Nathan Horne

Compass

Building Details for 160 Pearl Street

OwnershipDevelopment Site

Building TypeLow-Rise

AgePre-War

AccessWalk-up

Year Built1900

Floors6

Learn More About the Building

Financial District | Manhattan

Quick Profile

The Financial District (FiDi) today is a bit of a hybrid neighborhood, as the residential component continues to grow in an area that has been historically dominated by the financial and insurance industries. The residential experiment, which began more than two decades ago, continues to evolve in an area with a large concentration of older, large office buildings. Developers have taken to these aged buildings and have re-positioned them as residential properties. In turn, the public spaces, services and retail establishments needed for a thriving residential neighborhood have followed making this an important destination for city residents.

Since 2000, the residential population of the Financial District has nearly tripled in size from about 23,000 residents to more than 60,000 inhabitants. Many of the residential pioneers to FiDi were people attracted to the lower rents in the neighborhood, particularly the post-collegiate crowd. While the millennials still maintain a large footprint here, there are plenty of families that now consider the Wall Street area home.

Many of those that live in the Financial District walk to work. If you reside here and need to commute elsewhere, the transportation from here is about as good as it gets. Express trains can take you to Midtown, either east or west, in twenty minutes. Brooklyn is but a single subway stop away. There are also ferries across to Brooklyn, Queens and Staten Island.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 104582TH

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