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Office Building with Virtually Column-Free Floors

199 Water St, New York, NY 10038

For Lease
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Virtually column-free floor plates with sweeping harbor, Brooklyn Bridge, and downtown skyline views.

Space Size36,596 SF
Property Size1,100,000 SF
Days on Market358

Property Features for 199 Water St

General Information

Standard status Active
Size 36,596 SF
Class Trophy
Elevators Yes
Property subtype OFFICE
Lease Type Gross

Site & Location

Neighborhood South Street Seaport
Public Transit Yes
Utilities to Site Yes

Amenities

24/7 attended lobby
Harbor, Brooklyn Bridge & Downtown Skyline Views
Tenant Dedicated Bicycle Room with Locker Rooms & Showers
Full Service Garage with direct lobby access
Direct Meter Electric
Messenger center
Sundry shop
US Mail drop
Emergency Back-up Power
Supplemental HVAC + Electric
Full-service café and sundry shop
Distributed antennae system
LEED EB: O&M-certified
WiredScore Platinum Certified
Fully renovated granite-clad atrium lobby with original paintings by Frank Stella

Building Details

Year Built 1984
Building Size 1,100,000 SF
Tenancy Multi

Spaces For Lease

at 199 Water St
One Seaport Plaza $70/SF/Yr
Floor 32
Size 36,596 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
- Built by Jack Resnick & Sons in 1984, the 1.1 million square foot tower was designed by Swanke Hayden Connell Architects, and stands as one of lower Manhattan’s trophy assets. - Virtual column-free floors averaging 36,000 square feet provide sweeping views of New York Harbor, the Brooklyn Bridge and the downtown skyline. This building received the 2012 & 2017 LEED EB:OM Certified Certification with the U.S. Green Building Council and has also earned the EPA’s Energy Star certification, the building offers all the amenities and infrastructure needs that Class A tenants expect in today’s marketplace. The property is located at the gateway to the Seaport District and the distinguished tenant roster includes Allied World Insurance, Cantor Fitzgerald, Howard Hughes Corporation, and Stripe. - 24/7 attended lobby; destination dispatch elevators - Harbor, Brooklyn Bridge & Downtown Skyline Views - Tenant Dedicated Bicycle Room with Locker Rooms & Showers - Full Service Garage in building with direct lobby access - Direct Meter Electric - Messenger center, Sundry shop, US Mail drop - Emergency Back-up Power - Supplemental HVAC + Electric - South Street Seaport shopping and dining - Enrich your work-life with food, culture, and adventure found only in the vibrant Seaport. One Seaport Plaza puts tenants and their employees in the heart of the city’s most talked about hotspot for culinary experiences, musical performances, art programming, and rooftop extravaganzas. - Prime location on the Fulton Street corridor at 199 Water Street - Convenient access to all parts of New York City and the metropolitan region - Within a three-minute walk of 12 subway lines, PATH trains, water taxis, ferries, and the downtown heliport - Bicycle room and full-service parking garage with direct lobby access - Steps from refreshing waterfront green spaces along the East River Esplanade - Built, owned, and operated by Jack Resnick and Sons, a highly respected Manhattan-based real estate company - Spectacular panoramic views stretching from the Brooklyn Bridge and East River to the iconic Lower Manhattan skyline - Virtually column-free floor plates of approximately 36,500 square feet - Efficient office space configurations - Fully renovated granite-clad atrium lobby with original paintings by renowned contemporary artist - Frank Stella - Bicycle room with private washrooms and showers - Full-service parking garage with direct lobby access - Full-service café and sundry shop in building - Distributed antennae system that enhances cellular communication throughout the entire building - LEED EB: O&M-certified with the U.S. Green Building Council and WiredScore Platinum Certified
Contact us
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: John Cefaly
Source: Moodyscre
Added: Nov 17, 2025 Changed: Nov 3 Last Checked: Nov 8 at 7:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Midtown Manhattan

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Investment Insights

Based on property information with market context.

One Seaport Plaza is an office tower built by Jack Resnick & Sons in 1984, featuring virtually column-free floors with an average floor plate of approximately 36,500 square feet. The building is a full-service workplace with a 24/7 attended lobby, destination dispatch elevators, emergency back-up power, and supplemental HVAC plus electric. On-site services include a messenger center, sundry shop, and U.S. Mail drop.

The property includes a fully renovated granite-clad atrium lobby with original Frank Stella artwork, direct meter electric, and a distributed antennae system that enhances cellular communication throughout the building. The building has been recognized with LEED EB:O&M Certified Certification (2012 and 2017) and EPA Energy Star certification, and it is WiredScore Platinum certified. Tenants also benefit from a tenant dedicated bicycle room with locker rooms and showers, along with a full-service parking garage with direct lobby access.

Located at 199 Water Street on the Fulton Street corridor, the building is positioned for access throughout New York City and the metropolitan region. It is described as within a three-minute walk of 12 subway lines, PATH trains, water taxis, ferries, and the downtown heliport.

Key Highlights

  • Built in 1984 by Jack Resnick & Sons; tower totals 1.1 million square feet
  • Virtually column‑free floor plates average approximately 36,500 square feet
  • 24/7 attended lobby and destination dispatch elevators

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Nationwide Insurance: Aon ... Insurance Agency Small Joshua Insurance Agency The Legal Aid Society Law Firm Seneca Insurance Co Financial Advisor Motto® Marketing & Advertising

Suggested Use

Top Pick Pet Grooming Service Nursing Home Clothing & Fashion Store Buffet Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$10.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

33,222
Businesses Nearby

Demographics for 10038, NY

25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New York, NY

$63.91 /SF/Yr
Avg Asking Price
$37–$185 /SF/Yr
Price Range
40,300 SF
Avg Space Size

This space is priced 10% above the average of $63.91 /SF/Yr.

Properties on Market for Office buildings in New York

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Virtually column-free floor plates with sweeping harbor, Brooklyn Bridge, and downtown skyline views.
Where is this office building located?
The property is located at 199 Water St New York, NY.
What is the lease rate?
The lease rate is $70 SF/Yr.
What are key features of this property?
This property features: Built in 1984 by Jack Resnick & Sons; tower totals 1.1 million square feet; Virtually column‑free floor plates average approximately 36,500 square feet; 24/7 attended lobby and destination dispatch elevators
(212) 841-5977 · Office Call to check price and availability
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