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Ground-Up Apartment Building with Retail
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250 Water St, New York, NY 11201

Ground-up luxury rental tower with retail anchored by Chelsea Piers Fitness in Manhattan’s Seaport.

Property Size5,100 SF
Days on Market5

Property Features for 250 Water St

General Information

Standard status Active
Size 5,100 SF
Property subtype RETAIL

Additional Details

Space Use Retail

Building Details

Stories 28
Listing Agency: Atlantic Retail | New York City
Listed By: Joe Mastromonaco
Source: Moodyscre
Added: Jul 27 Changed: Jul 30 Last Checked: Jul 30 at 8:18AM

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 Atlantic Retail | New York City

Investment Insights

Based on property information with market context.

250 Water St is a ground-up luxury rental tower designed as a long-term residential community with over 600 residential units. The development includes approximately 35,000 square feet of retail space integrated with the building.

The retail is anchored by a five-floor, 75,000 SF Chelsea Piers Fitness facility. The property is located in The Seaport of Downtown Manhattan, positioned for walkable access to the surrounding Seaport area.

Designed as a mixed residential and retail environment, the project combines multi-unit living with a major fitness tenant intended to draw consistent daily traffic to the ground-level retail component.

Key Highlights

  • Ground‑up luxury rental tower with over 600 residential units
  • Approximately 35,000 SF of retail integrated into the building
  • Retail anchored by Chelsea Piers Fitness

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Pet Grooming Service Nursing Home Clothing & Fashion Store Buffet Locksmith (Bike/Boat/Book/etc) Store

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

7,841
Businesses Nearby

Demographics for 11201, NY

69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Ground-up luxury rental tower with retail anchored by Chelsea Piers Fitness in Manhattan’s Seaport.
Where is this apartment building located?
The property is located at 250 Water St New York, NY.
What are key features of this property?
This property features: Ground‑up luxury rental tower with over 600 residential units; Approximately 35,000 SF of retail integrated into the building; Retail anchored by Chelsea Piers Fitness
(212) 687-2400 Call to check price and availability
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