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2 Thomas StNew York, NY 10007

85,952 SF, 76 Units, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use redevelopment opportunity in Manhattan's coveted Tribeca neighborhood presents a unique chance to capitalize on unparalleled demand. Located at 2 Thomas Street, this property boasts approximately 105 feet of frontage on Thomas Street and 65 feet on Broadway, creating an ideal corner lot. The site comprises 85,952 square feet and currently includes a vacant two-story commercial building and a five-story landmarked building. The property is being delivered completely vacant, allowing for demolition of the rear portion of the landmarked building and the entire two-story structure. The site is zoned C6-4A (R10A), offering an as-of-right floor area ratio (FAR) of 10.0 for commercial or residential use, translating to 67,790 square feet. With purchased inclusionary housing bonuses, the FAR increases to 12.0, resulting in a maximum buildable area of 81,348 square feet. Approved plans by Morris Adjmi Architects, including the restoration of the landmarked facade and the creation of an "L" shaped parcel, allow for a 20-story building with 76 residential units and ground-floor retail. The building's corner location ensures ample natural light and air. The property's prime location offers easy access to numerous subway lines and benefits from Tribeca's vibrant restaurants, retail, schools, and parks, along with proximity to major office buildings. This is a truly exceptional opportunity to develop a high-value property in a highly desirable location.

Highlights

  • Ideal corner lot in Tribeca with approximately 105' of frontage on Thomas Street and 65' on Broadway.
  • Approved redevelopment plans by Morris Adjmi Architects, including landmark facade restoration.
  • Purchased inclusionary housing air rights allow for a 12.0 FAR, maximizing buildable square footage.
  • Exceptional natural light and air due to corner location with north, south, and east exposures.
  • Prime Tribeca location offering strong neighborhood demand drivers.
  • Ground floor retail space included in approved plans, capitalizing on Broadway's retail corridor.

Property Details for 2 Thomas St

Property type
Retail properties, Mixed-use properties
Square Feet
85,952 SF
Stories
20
Units
76

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7158325
Longitude
-74.0053136
2 Thomas St, New York, New York

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2 Thomas St
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