16 Beaver St
New York, NY 10004
Office Property For Sale

Avison Young has been exclusively engaged by Ownership to offer a long-term leasehold interest in the corner office building at 16 Beaver Street (the “Property” or “Site”), which also serves as an outstanding development site. The Property is currently a 15,678± SF (18,552± Rentable SF) mixed-used building across five stories on a 2,613± SF lot and will be vacant upon lease commencement in 2022. Located on the corner of Beaver and Marketfield streets in the Financial District, 16 Beaver Street offers light on three sides with 41 feet of frontage on Beaver Street and 110 feet on Marketfield Street. The Property affords 39,195± maximum zoning floor area for commercial use (47,949± Rentable SF office) enabled by a 15.00x FAR. In addition, the zoning allows for a 10.00x FAR of residential use enabling potential for 26,130± ZFA of residential space. The Property, near the 4 and 5 trains at Bowling Green as well as the 1 and 2 trains at the Wall Street station, is situated in the heart of the Financial District. The existing building is currently occupied by four tenants, all with leases expiring prior to 2022, when the 99-year ground lease commences. This presents an opportunity to build a tremendous boutique hotel, office, residential (including co-living) building in New York’s financial hub. Alternatively, the property can continue to serve as an existing office building or a premier flagship for a non-profit.