160 Front St, New York, NY 10038

The seven-story elevator property features 62 residential units, consisting of 41

free-market and 21 rent-stabilized apartments. The unit mix contains 34 studios,

22 one-bedrooms, 4 two-bedrooms, and 2 two-bed penthouses, which tailor to

the demand of the neighborhood’s professional tenant base. The asset generates

immediate in-place income and carries $118,326 in preferential rents within

the stabilized component.

The asset is anchored by a high-visibility Starbucks on the Water Street frontage,

providing a creditworthy retail component and a recognizable brand presence.

Its prominent positioning delivers exceptional street profile and steady

pedestrian exposure, serving as a highly identifiable cornerstone that enhances

the overall prestige of the property.

Additionally, the property offers 81,813 SF of total expansion potential.

This unused floor area consists of 41,980 SF of residential and 39,833 SF of

com-mercial growth capacity, providing an opportunity for a vertical addition

or future redevelopment of the site.

Transit accessibility is a primary driver for the tenant base, with the property

located just two blocks (a 3-minute walk) from the Pier 11/Wall Street Ferry Terminal.

This central hub provides direct commutes to Brooklyn, Queens, Staten

Island, and New Jersey, as well as fast connections to Midtown Manhattan and

the Rockaways. Beyond the ferry, the property is just a 6-minute walk from

the Fulton Street Transit Center, offering unparalleled connectivity via the 2, 3,

4, 5, A, C, J, and Z subway lines for a rapid