Cushman & Wakefield has been retained on an exclusive basis to sell a development opportunity at 19-21 Beekman Street. The property is located between Nassau and William Streets in Manhattan’s Financial District. The asking price is $40,000,000.
The site contains approximately 44.25’ of frontage along Beekman Street and extends approximately 102.67’ deep. Situated within a C6-4 zoning district, it has a base residential FAR of 10.0, with a commercial FAR of 10.0. Additionally, ownership has purchased approximately 18,000 square feet of additional development rights from 47 Ann Street, allowing for the ability to build an approximately 64,000 square foot mixed-use development on the south side of Beekman Street.
“In a market where some Manhattan land prices have soared above $1,000 per buildable square foot, we’re excited to offer a site at $625 per buildable square foot, where a developer can deliver condos at a high demand price point,” said Cushman & Wakefield’s James Nelson, who is exclusively marketing this property along with Will Suarez and Matt Nickerson.
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Neighborhoods: Financial District/ Agents: Guillermo Suarez