264 Water Street

The building presents the late-19th-century Seaport commercial vocabulary that the Landmarks Preservation Commission documented when the district's extension was designated: a masonry façade organized by full-height pilasters with metal capitals, square-headed windows carrying one-over-one double-hung sash, a cast-iron storefront at the ground floor, and a deeply projecting modillioned cornice crowning the roofline. Behind that elevation, the residences read as true lofts — exposed brick, original steel beams, high ceilings, and generous floor plates converted into full-service apartments, many with in-unit laundry and, in the upper units, private outdoor space. As at any conversion of this age and scale, layouts and finishes are unit-specific and reflect the depth of individual owner renovation.

This is self-service boutique ownership: a virtual doorman in place of a staffed lobby, an elevator, a live-in superintendent, a package room, and building laundry, with the small common-charge base that a two-dozen-unit condominium spreads across its owners. Buyers coming from full-service towers should price the trade consciously — low monthly carry against package logistics and a small board of neighbors. As a condominium, purchases proceed by application and the board's right of first refusal rather than a co-op interview; the building is pet-friendly per publicly available data. Sublet and financing specifics follow the condominium's governing documents, which should be reviewed during diligence — we obtain current building documents from the managing agent for clients at offer stage.

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

Market read. Most recent trades (2024) cleared a median $834/sf across 1 sale. Median listing discount -0.0% over ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00106-7504) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

A boutique condominium means a small board. Two-dozen-odd units is a handful of neighbors, not an institution. Review the budget, reserve posture, and house rules closely — small buildings carry low fixed costs but a narrow base over which to spread any capital surprise.

Loft authenticity is the product. Exposed brick, original steel, and high ceilings inside a landmarked warehouse are what the buyer is paying for, along with a virtual doorman in place of a staffed lobby. If that service model fits how you live, the carrying-cost math is favorable; run the True Monthly Carrying Cost Calculator against full-service alternatives.

Historic-district status shapes the exterior. The building sits within the South Street Seaport Historic District, so exterior changes are subject to Landmarks review — a protection for the streetscape and a constraint on alterations. Factor it into any renovation plan.

Confirm the unit count and the offering-plan specifics. Publicly available unit counts vary; the offering plan is the authority. We verify against it and the managing agent during diligence.

Mansion tax may apply at the top of the stack. Larger and penthouse-tier units can cross the $1 million threshold — run the Mansion Tax Calculator at the intended price before offering.

Market the scarcity and the story. Authentic loft conversion product inside a landmarked Seaport warehouse is rare downtown; the buyer is paying for character, ceiling height, and the historic-district setting, not amenity square footage. Position against the FiDi towers honestly — lower carry, no gym — and let the format argument do the work.

Use adjacent-building comps. With only a couple dozen units, your own building's history is too thin to anchor pricing. The Seaport and lower-FiDi loft and boutique-condo stock is the right comp set, adjusted for floor, light, and renovation.

The Seaport location is a genuine asset. Waterfront, the Brooklyn Bridge, and the Fulton Transit Center within a short walk resonate with exactly the buyer pool shopping this corridor. Use it with precision.

If you're considering 264 Water Street, also evaluate nearby downtown loft and boutique-condominium inventory:

• 130 Water Street — Financial District condominium a few blocks south
• 645 Water Street — waterfront condominium at the district's edge
• 5 Beekman Street — landmarked conversion condominium nearby
• 111 William Street — Financial District condominium to the west
• 90 William Street — FiDi loft-style condominium nearby

The Roebling Team at Compass works the Financial District and the broader downtown condo market — including the Seaport's boutique loft stock — as a core practice area. We publish this building profile because loft-condo buyers and sellers deserve building-specific intelligence — governance scale, historic-district constraints, and corridor-level comparables — not generic neighborhood commentary.

If you're considering a transaction at 264 Water Street, a 30-minute consultation is the right starting point.