Listed by BKREA
Unpriced
125 Fulton Street
Details
Property Type Land
Sub Type Development site
Square Footage 2,954
Lot Size (SqFt) 2,954
Zoning C6-4 (R10), C5-5 (R10) LM
125 Fulton Street, development opportunity in Manhattan’s Financial District
Marketing description
- Rare Block-Through Site - Approximately 2,954 square foot lot (25' x 118') featuring dual frontage on Fulton Street and Ann Street, providing two points of access and exceptional design flexibility.
- Development Potential - Split-zoned C6-4 (R10) and C5-5 (R10) within the LM district, the property offers an as-of-right FAR of 10.0 for residential, commercial, and community facility use, equating to approximately 29,540 buildable square feet and allowing for a wide range of development possibilities.
- Existing Income-Producing Structure - Currently improved with a two-story restaurant, the property benefits from a tenant generating immediate cash flow. This income stream provides a developer with flexibility, allowing for a more strategic timeline on future redevelopment rather than requiring immediate action.
- Ability to Purchase Offsite USAP Certificates - The site is located within an R10 overlay, allowing a developer, in the event of a condominium development, to acquire up to 2.0 FAR of UAP certificates. This equates to an additional 5,908 buildable square feet and provides an opportunity to effectively blend down the overall basis.
- Advantageous Accessibility - The site at 125 Fulton Street is ideally positioned in the heart of the Financial District, just steps from the Fulton Street Station, which services the A, C, J, Z, 2, 3, 4, and 5 lines, as well as the nearby World Trade Center Station. This premier transit access provides seamless connectivity to Midtown, Brooklyn, New Jersey, and the greater New York City area, making it one of the most accessible locations in Lower Manhattan.
Investment highlights
BKREA has been exclusively retained to arrange the sale of 125 Fulton Street, a remarkable residential development opportunity in Manhattan’s Financial District.
Location Details
- Situated in the heart of the Financial District.
- Block-through site with frontage on both Fulton Street (25 feet) and Ann Street, with 118 feet of depth.
- Currently improved with a two-story restaurant.
- Existing lease includes a demolition clause, allowing for tenant termination and full site clearance for redevelopment.
Site Specifications
- Lot Size: 2,954 square feet.
- Zoning: Split zoning C6-4 (R10), C5-5 (R10) LM.
- As-of-right FAR: 10.0 for both residential and commercial use.
- As-of-right ZFA: Approximately 29,540 square feet.
- Located within an Inclusionary Housing designated area.
Development Plans
- Eligible for additional density through purchase of off-site Universal Affordability Preference (UAP) certificates.
- UAP bonus adds approximately 5,908 square feet of residential ZFA.
- Total development potential: approximately 35,448 square feet of residential space under current zoning.
Neighborhood Demand Drivers
- Located in a rapidly evolving Financial District residential and mixed-use corridor.
- Close proximity to major office hubs, retail corridors, and transit infrastructure.
- Strong demand for residential conversions and new luxury development in Lower Manhattan.
Opportunity Highlights
- Flexible block-through development site with dual frontage.
- Clear path to redevelopment via demolition clause in existing lease.
- Strong upside through Inclusionary Housing and UAP bonus mechanisms.
- Rare opportunity to develop in a high-demand, transit-rich Manhattan submarket.
BKREA has been exclusively retained to arrange the sale of 125 Fulton Street, a remarkable residential development opportunity in Manhattan’s Financial District.
Location Details
- Situated in the heart of the Financial District.
- Block-through site with frontage on both Fulton Street (25 feet) and Ann Street, with 118 feet of depth.
- Currently improved with a two-story restaurant.
- Existing lease includes a demolition clause, allowing for tenant termination and full site clearance for redevelopment.
Site Specifications
- Lot Size: 2,954 square feet.
- Zoning: Split zoning C6-4 (R10), C5-5 (R10) LM.
- As-of-right FAR: 10.0 for both residential and commercial use.
- As-of-right ZFA: Approximately 29,540 square feet.
- Located within an Inclusionary Housing designated area.
Development Plans
- Eligible for additional density through purchase of off-site Universal Affordability Preference (UAP) certificates.
- UAP bonus adds approximately 5,908 square feet of residential ZFA.
- Total development potential: approximately 35,448 square feet of residential space under current zoning.
Neighborhood Demand Drivers
- Located in a rapidly evolving Financial District residential and mixed-use corridor.
- Close proximity to major office hubs, retail corridors, and transit infrastructure.
- Strong demand for residential conversions and new luxury development in Lower Manhattan.
Opportunity Highlights
- Flexible block-through development site with dual frontage.
- Clear path to redevelopment via demolition clause in existing lease.
- Strong upside through Inclusionary Housing and UAP bonus mechanisms.
- Rare opportunity to develop in a high-demand, transit-rich Manhattan submarket.
Listing Contacts
Listed by BKREA
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