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199 Water Street, New York, NY 10038

Large office building with significant square footage available for rent.

Space Size11,650 SF - 36,596 SF
Property Size1,000,000 SF
Days on Market137

Property Features for 199 Water Street

General Information

Standard status Active
Size 11,650 SF - 36,596 SF
Class Class A
Property subtype 7/23/2026

Building Details

Building Size 1,000,000 SF
Year Built 2026

Spaces For Lease

at 199 Water Street Contact us

Entire 16th $60/SF/Yr

Size
35,810 SF
Lease Type
Gross
Availability
In Future
Sublease
No
Contact us

Entire 17th $60/SF/Yr

Size
35,995 SF
Lease Type
Gross
Availability
In Future
Sublease
No
Contact us

Entire 20th

Size
35,495 SF
Rate
Contact for pricing
Lease Type
Gross
Sublease
No
Contact us

Partial 4th

Size
11,650 SF
Rate
Contact for pricing
Lease Type
Gross
Sublease
No
Contact us

Partial 5th

Size
23,046 SF
Rate
Contact for pricing
Lease Type
Gross
Sublease
No
Contact us

Entire 18th $60/SF/Yr

Size
35,995 SF
Lease Type
Gross
Sublease
No
Contact us

Entire 19th $60/SF/Yr

Size
35,995 SF
Lease Type
Gross
Sublease
No
Contact us

Entire 32nd $63/SF/Yr

Size
36,596 SF
Lease Type
Gross
Sublease
No
Contact us
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: John Cefaly
Source: Cushmanwakefield
Added: Apr 8 Changed: Aug 19 Last Checked: Aug 22 at 3:37AM

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

Investment Insights

Based on property information with market context.

This commercial real estate offers office spaces for rent within a substantial office building. The property encompasses a total area of 292794 square feet. Located in New York, NY, this property is suitable for businesses seeking a sizable office presence.

Key Highlights

  • Large office building with significant square footage available.
  • Year Built: 2026 (New Construction).

Property 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 Adult Day Care Locksmith

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

NNN (Triple Net)
Lease Type

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

Market

Lease Benchmarks for New York, NY

$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,991 SF
Avg Space Size

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Large office building with significant square footage available for rent.
Where is this office building located?
The property is located at 199 Water Street New York, NY.
What are key features of this property?
This property features: Large office building with significant square footage available.; Year Built: 2026 (New Construction).
More about this property
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