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115 South St #Townhouse, New York, NY, 10038

8beds
11baths
13,119sqft
$9,750,000
$743price/sqft
$59,157/moest. monthly cost
$2,366,280/yrincome needed

About This Home

A special opportunity to create an iconic private residence atop a retail business, own an income-producing mixed use asset, or build a grand single family mansion - in the heart of one of the city’s most rapidly evolving destinations. 115 South Street’s history as a ship house circa 1840 is present throughout the building’s existing fabric, with exposed timber columns and beams as well as exposed brick walls and skylights creating irreplaceable moments. Measuring 13,119 square feet in total and spanning 37 feet in width, this piece of New York history is awaiting its next chapter. Currently configured as a dream penthouse 2-bedroom, 1.5 bathroom loft with 14-foot pitched ceilings atop six half-floor rental apartments and a gracious ground floor retail space, opportunity exists to expand your residential footprint substantially for trophy use while enjoying income from the remaining units below. Additional FAR can be deployed with LPC approval for a rooftop addition to create more interior living space with river and Brooklyn Bridge views, if desired. 115 South Street is in the heart of the Seaport district, a neighborhood whose history spans nearly four centuries. Originally a port for the Dutch West India Company, it has evolved over the years into one of the city’s most vibrant and historic destinations. Today, original facades and cobblestone streets remain, housing a mix of restaurants, bars, shops, and cultural sites. Sited at the edge of the East River, enjoy waterfront lifestyle with spellbinding views and easy access to Brooklyn via ferry service.

Getting Around

98
WalkingWalker's Paradise
100
TransitRider's Paradise
87
BikeVery Bikeable

Schools

6/10
Peck Slip School (The)Grades PK-50.1 mi
8/10
Jhs 104 Simon BaruchGrades 6-82.3 mi

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: SingleFamily
  • Property subType: Building

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 11
  • Full bathrooms: 9
  • 1/2 bathrooms: 2

Interior Area

  • Total structure area: 13,119
  • Total interior livable area: 13,119 sqft

Property

Details

  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Coastal Flooding
Cold Wave
Earthquake
Hurricane
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $49,301$591,612
Home Insurance *$1,920$23,040
Property Taxes $5,768$69,216
Electricity $2,168$26,016
Total$59,157$709,884
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,028,240/yr
40% on housing$1,774,710/yr
45% on housing$1,577,520/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$743This listing

vs Other Active Listings

Avg $/sqft

ZIP 10038$1,300
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10038$1,179
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-11Price change$9,750,000
2025-08-11Price change$11,495,000
2025-06-10Price change$12,250,000
2025-04-01Price change$14,250,000
2024-10-25Listed for sale$14,950,000

For Sale by Agent

AgentJim St. Andre
BrokerageCompass

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