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Two-Building Seaport Portfolio Comes to Market
Brax Realty principal Michael Ferrara has been exclusively retained to offer for sale 112 & 113 South St., two loft-style buildings that have been vacant since 2005. Priced at $5,995,000, the two buildings are located directly across the street from Howard Hughes Corporation’s redevelopment of Pier 17, The Tin Building and The Fulton Market Building.
The two buildings consist of approximately 10,400 gross square feet and have an additional 4,697 square feet of available air rights. Located in Lower Manhattan’s South Street Seaport Historic District, the properties aren’t individually landmarked, but will need to get Landmarks Preservation Commission approval to utilize any of its remaining air rights.
“This offering presents a unique opportunity for an investor to acquire two vacant buildings in a prime location within an area of the Seaport that is undergoing a major revitalization,” Ferrara said.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
