165-167 William Street The Reed Building 10-Story Elevatored Mixed-Use Building With Significant Expansion Potential For Sale Thomas Guss Saul Lalic President Associate Broker (212) 360-7000 (212) 300-3355)
[email protected] [email protected] Property Description Address 165-167 William Street New York, NY 10038 West Side of William Street between Location Beekman Street and Ann Street Block / Lot 92 / 3 Lot Size 52.75’ x 86.25’ (approx.) Lot Area 3,480 (approx.) Building Size 51’ x 78’ (Ground Floor) (approx.) Stories 10 Gross SF 31,120 (approx.) Units 12 (11 Residential + 1 Retail) Zoning C6-4 / R10 FAR 10.0 as-of-right / 12 w/IH Total Buildable SF 36,710 w/ proposed addition (approx.) Existing SF 31,120 (approx.) Proposed addition 5,590 (approx.) Neighborhood Financial District / Wall Street Assessment (17/18) $1,849,230 Taxes (17/18) $235,203 (Tax Class 2) Asking Price: $29,880,000 ($814/bsf) New York Residence has been retained on an exclusive basis to arrange for the sale of 165-167 William Street, a 10-story mixed-use elevatored building located in the Typical Floor Plan Financial District of Manhattan. The property features approximately 31,120 square feet with 53 feet of frontage 165 William Street presents investors with wide array of along the west side of William Street between Beekman opportunities, offering in-place retail rental income, ability and Ann Street. This ideal location is not only steps away to immediately add value through leasing vacant from the Fulton Center transit hub providing Tenants with market-rent units, reposition the asset due to large open direct access to 8 train lines (2,3,4,5,A,C,J and Z), it also floorplates, tall ceiling heights and subdivided electric meters ofers close proximity to many of New York City’s premier as well as future redevelopment or residential condominium attractions including Wall Street, One World Trade Center, conversion potential.