--- title: "115 South Street, New York City, NY 10038" description: "115 South Street, New York City, NY 10038 — Multi Family Home in Financial District, Manhattan, NY. Listing Price $9,750,000. In contract 8/27/2026. 8 bed, 11 bath, 13,119 sqft Illustrative Buyer Commission Share of $146,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/115-south-street-ny-10038" source: "Real Estate Rebate Team" dateModified: "2026-08-27T21:39:42.395Z" status: "Pending" --- # 115 South Street, New York City, NY 10038 Multi Family Home in Financial District, Manhattan, NY Courtesy of Compass Last updated: August 27, 2026, 5:39 PM ## At a Glance - **Listing Price**: $9,750,000 - **Status**: In contract 8/27/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 8 - **Total Baths**: 11 - **Sqft**: 13,119 - **Monthly Taxes**: $9,887 / mo - **Price per Sqft**: $743 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $9,750,000 - **Illustrative Buyer Commission Share**: -$146,250* - **Illustrative Net Cost**: $9,603,750 *Illustrative Buyer Savings of $146,250 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![115 South Street, New York City, NY 10038 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d5980766-0afa-4ffa-a261-02e85ade2fe7.jpg) ![115 South Street, New York City, NY 10038 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d4625cf4-46bd-4f63-b580-31cfc3165b5a.jpg) ![115 South Street, New York City, NY 10038 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/596b8ab3-cbb9-4ac9-b07a-c0696246ca7e.jpg) ![115 South Street, New York City, NY 10038 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5b91ed67-f71a-4667-badb-ebe05a4b7d7f.jpg) ![115 South Street, New York City, NY 10038 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb971863-2228-4f33-ab76-534d0fad1a0d.jpg) ![115 South Street, New York City, NY 10038 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8c893a44-ea87-4c17-9c75-d12df1cb2c8c.jpg) ![115 South Street, New York City, NY 10038 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/32dd2f96-cde2-4a80-b83c-6ea8e552c1fd.jpg) ![115 South Street, New York City, NY 10038 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/16342496-63c4-45de-a524-27b5e22fad37.jpg) ![115 South Street, New York City, NY 10038 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8402a815-225c-4819-b1b8-61e39f090b83.jpg) ![115 South Street, New York City, NY 10038 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8ed2a125-195f-4027-8765-63387446681e.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Multi Family - **Beds**: 8 - **Total Baths**: 11 - **Rooms**: 17 - **Sqft**: 13,119 sqft - **Stories**: 5 - **Year Built**: 1900 - **Price per Sqft**: $743 - **Monthly Taxes**: $9,887 / mo - **Listed On**: Oct 25, 2024 - **Days on Market**: 688 Days ### Residence Features - See Remarks ## Price and Property History for 115 South Street Review the recorded listing activity for 115 South Street, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $1,745,000, or 15.2%, on February 11, 2026 - **Originally listed**: May 28, 2024 at $14,950,000 - **Entered contract**: August 27, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 27, 2026 | $9,750,000 | Entered contract | | July 31, 2026 | $9,750,000 | Returned to the market | | February 11, 2026 | $9,750,000 | Asking price reduced by $1,745,000, or 15.2% | | May 28, 2024 | $14,950,000 | Listed for sale by Compass | ## Property Tax History Taxes at 115 South Street were $138,367 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $5,130,450 | $1,098,000 | $4,032,450 | $1,106,938 | $138,367 | 12.5% (estimated) | | 2025 (FY 2025/26) | $4,275,450 | $1,098,000 | $3,177,450 | $1,024,945 | $128,118 | 12.5% (estimated) | | 2024 (FY 2024/25) | $3,562,920 | $1,098,000 | $2,464,920 | $949,023 | $118,628 | 12.5% | | 2023 (FY 2023/24) | $2,969,100 | $1,098,000 | $1,871,100 | $949,023 | $118,647 | 12.502% | | 2022 (FY 2022/23) | $3,216,150 | $1,098,000 | $2,118,150 | $919,608 | $112,808 | 12.267% | | 2021 (FY 2021/22) | $2,686,050 | $1,098,000 | $1,588,050 | $851,491 | $104,180 | 12.235% | | 2020 (FY 2020/21) | $2,607,750 | $1,098,000 | $1,509,750 | $788,419 | $96,422 | 12.267% | | 2019 (FY 2019/20) | $2,172,960 | $1,098,000 | $1,074,960 | $730,018 | $90,765 | 12.473% | | 2018 (FY 2018/19) | $730,018 | — | — | $730,018 | $92,070 | 12.612% | | 2017 (FY 2017/18) | $707,391 | — | — | $707,391 | $89,973 | 12.719% | | 2016 (FY 2016/17) | $654,993 | — | — | $654,993 | $84,442 | 12.892% | | 2015 (FY 2015/16) | $606,476 | — | — | $606,476 | $78,132 | 12.883% | | 2014 (FY 2014/15) | $561,553 | — | — | $561,553 | $72,188 | 12.855% | | 2013 (FY 2013/14) | $561,553 | — | — | $561,553 | $73,816 | 13.145% | | 2012 (FY 2012/13) | $544,147 | — | — | $544,147 | $71,724 | 13.181% | | 2011 (FY 2011/12) | $503,841 | — | — | $503,841 | $67,681 | 13.433% | | 2010 (FY 2010/11) | $466,520 | — | — | $466,520 | $62,294 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1000970002. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 115 South Street Financial District · Multi Family 115 South Street, New York, NY 10038 A building in Financial District, currently featuring 1 active listing. - **Year Built**: 1900 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/115-south-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/115-south-street-ny-10038) | 8 | 10 | 13,119 sqft | $743 | $9,750,000 (-15.2%) — In contract | Compass | Oct 25, 2024 | 687 days | ## Estimated Monthly Payment **$59,189 / month**, assuming a 20% down payment ($1,950,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $49,301 - **Property Taxes**: $9,887 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Financial District Manhattan's Historic Power Center [Explore Financial District](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/financial-district) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Financial District - [Battery Park City real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/battery-park-city) - [Civic Center real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/civic-center) - [Two Bridges real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/two-bridges) - [Tribeca real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) - [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) ## Related Links - [115 South Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/115-south-street) - [Financial District neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/financial-district) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.