Multi-family

Prime Retail/Residential Investment Opportunity in Lower Manhattan

Address: 115 South St, New York, NY, 10038
Price: $14,950,000 ($1,139.57/SF)
Sale Type: Investment or Owner User
Type: 3 Star Retail Storefront / Retail/Residential
Location: Central Business District (CBD)
GLA: 13,119 SF
Stories: 5
Typical Floor: 2,624 SF
Class: C
Construction: Masonry

Overview:
Located in the vibrant and growing Lower Manhattan area, this 5-story mixed-use retail/residential property offers an exceptional opportunity for both investors and owner-users. With a total gross leasable area (GLA) of 13,119 SF, this property offers significant space for retail businesses on the ground floor, while the upper floors provide residential potential. Priced at $14,950,000 ($1,139.57/SF), this property is ideally positioned in the Central Business District (CBD), providing excellent access to the city’s diverse commercial, residential, and tourist demographics.

Key Features:

Central Location in Lower Manhattan:
Situated on South Street, this property is in a prime location near the Financial District, Seaport District, and other iconic Lower Manhattan landmarks. The property is well-positioned for businesses to benefit from foot traffic, residential density, and proximity to key transportation hubs, such as the ferry terminals and subway stations.

Mixed-Use Retail/Residential Layout:
The property features 5 stories with a combination of retail and residential uses. The ground-floor retail space offers 2,624 SF, ideal for high-visibility commercial use, while the upper floors provide residential or mixed-use potential, allowing for flexibility in leasing or conversion. The property’s Class C designation and masonry construction offer a solid foundation for renovations or modernization to suit various uses.

Investment or Owner-User Potential:
Whether you’re an investor seeking a property with dual-use potential or an owner-user interested in operating your own business with the added benefit of residential income, this property offers the flexibility to meet a variety of objectives. The location, combined with the scale of the building, makes it a compelling opportunity for both long-term investment or owner-occupied use.

Building Specifications:

• 5-story mixed-use property with retail on the ground floor
• 13,119 SF GLA, with typical floors of 2,624 SF
• Class C building in a central Lower Manhattan location
• Masonry construction ideal for long-term stability and potential renovations
• Ground-floor retail space with upper floors for residential or office conversion

Highlights:

• Listed at $14,950,000 ($1,139.57/SF)
• Ideal for retail, mixed-use, or residential conversion
• Prime location in Lower Manhattan, surrounded by key commercial and residential hubs
• Ample space for both retail businesses and residential leasing
• Masonry construction offering flexibility for future development or customization

This property represents an exceptional investment or owner-user opportunity in one of New York City’s most dynamic and evolving neighborhoods. Contact us today to schedule a viewing and learn more about how this versatile property can be part of your investment strategy or business expansion plans!