Established Steakhouse
For Sale
Contact for pricing
261 Water St, New York, NY 10038
Fully built-out dining space with ground-floor and lower-level areas supports continued restaurant operations.
Property Size6,062 SF
Price / SF$62.69
Days on Market143
Property Features for 261 Water St
General Information
Standard status
Active
Size
6,062 SF
Property subtype
Retail, Multifamily
Investment Type
Owner/User
Additional Details
Floor
Ground + Lower Level
Business Included
Yes
Listing Agency:
The Agency NYC Real Estate
(917) 604-0809
Listed By:
Cary Tamura · License #NY 10301216951
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:42PM
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 The Agency NYC Real Estate
Investment Insights
Based on property information with market context.
This operating steakhouse occupies approximately 6,062 square feet across two levels, with 4,776 square feet at street level and 1,286 square feet below. The interior is configured around a traditional steakhouse concept, with an established atmosphere that can support continuity of the current operation or a new upscale dining identity.
The restaurant is positioned at 261 Water St in Manhattan’s South Street Seaport, a waterfront district within New York City. It has operated for over 20 years and has developed recognition through appearances in Donnie Brasco and Analyze That, as well as coverage and listings associated with The New York Times, Zagat, and the Michelin Guide.
The sale presents an operating restaurant with a defined concept, substantial built-out area, and a documented history within a prominent New York dining district.
The restaurant is positioned at 261 Water St in Manhattan’s South Street Seaport, a waterfront district within New York City. It has operated for over 20 years and has developed recognition through appearances in Donnie Brasco and Analyze That, as well as coverage and listings associated with The New York Times, Zagat, and the Michelin Guide.
The sale presents an operating restaurant with a defined concept, substantial built-out area, and a documented history within a prominent New York dining district.
Key Highlights
- Approximately 6,062 square feet across ground‑floor and lower‑level areas
- 4,776 square feet on the ground floor and 1,286 square feet on the lower level
- Operating steakhouse with over 20 years of history
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
32,498
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 32%
Hotels & Casinos 14%
Manhattan Mini Storage
Shops & Services
10,809 visits/mo
0.4 miles
Playa Bowls
Dining
5,312 visits/mo
0.1 miles
33 Seaport Hotel New York
Hotels & Casinos
2,769 visits/mo
0.1 miles
Domino's Pizza
Dining
1,000 visits/mo
0.5 miles
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
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out dining space with ground-floor and lower-level areas supports continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 261 Water St New York, NY.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Approximately 6,062 square feet across ground‑floor and lower‑level areas; 4,776 square feet on the ground floor and 1,286 square feet on the lower level; Operating steakhouse with over 20 years of history
