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115 South Street
Townhouse located in Financial District, between Beekman Street & Peck Slip
$14,950,000
($1,140 per ft2)
| 8 beds, 10 baths | Approx. 13,119 ft2
27 days on Market
Townhouse Facts
-
Year Built: 1900Minimum Down: 20%Total Floors: 5Listed: Oct 25, 2024Days on Market: 27Building Type: TownhouseNeighborhood: Financial District (Manhattan)Listing viewed 123 times
Monthly Real Estate Taxes:
$9,887
Total Taxes & Fees:
$9,887
($0.75/ft2)
Est. Monthly Mortgage:
$79,329
Mortgage calculator
Total Est. Monthly Carrying Cost:
$89,216
($6.80/ft2)
Note: the above is based on a down payment of 20% ($2,990,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Spacious and Historic: This property is a large, historic building dating back to 1900, boasting a living space of approximately 13,119 square feet. It features preserved architectural elements such as exposed timber columns and beams, brick walls, and skylights.
- Prime Location: Situated in the vibrant and historic Seaport district, this waterfront property offers stunning views and easy ferry access to Brooklyn. It is also in close proximity to iconic sites such as Jean Georges’ Tin Building and Pier 17.
- Versatile Use: The property presents a unique opportunity to create a private residence, an income-producing mixed-use asset, or a grand single-family mansion.
- Income Potential: Currently, the building is configured with a penthouse loft and six half-floor rental apartments, providing potential for income. Additionally, there is a ground floor retail space for further income.
- Expansion Opportunities: The property comes with an additional Floor Area Ratio (FAR) that can be deployed for a rooftop addition, subject to approval.
- Architectural Advantage: The building has a wide span of 37 feet, providing ample space for creative interior design and layout.
Description
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.
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.
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Listing courtesy of
Compass
Pricing History
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