275 Water Street
275 Water Street, between Peck Slip and Dover Street, South Street Seaport, within the Financial District corridor
BBL 1001070049 · BIN 1001385
- Year built
- 1896
- Type
- Cooperative
- Floors
- 8
- Amenities
- Elevator; intercom; laundry
- Landmark status
- Not an individual landmark; in the South Street Seaport Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Pets
- Pets permitted with conditions; species not stated
- Maximum financing
- 75% of the purchase price
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $801
- 1 sale
- Listing discount
- 6.9%
- Recorded sales
- 9
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 275 Water Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
About the building
J. M. Farnsworth designed 275 Water Street in 1896 as an eight-story commercial building. Its six-bay façade uses cast-iron vertical supports and pressed sheet-metal panels between floors, decorated with alternating foliage and geometric patterns. The original iron columns remain visible despite changes to the storefront. The height and broad windows distinguish it along this low-rise section of the Seaport, and its commercial floor plates have become cooperative loft apartments.
The homes include single-level spaces and large duplexes created by joining floors. Combined residences reach approximately 3,000 square feet, with open living areas, exposed masonry and barrel-vaulted concrete ceilings. Upper apartments have river and Brooklyn Bridge views across several exposures. An elevator serves the building, while internal stairs connect the levels of duplex homes. The property is on Water Street’s cobblestone block, close to the waterfront and the Brooklyn Bridge approach.
Financing and purchase requirements
- Maximum financing
- 75% of the purchase priceSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedPermitted with board approval — confirm with the managing agentSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 14, 2026 | 5 | 3 BR · 2.5 BA · 3,121 sf | $2,500,000 | $801/sf | -8.3% |
| Jun 28, 2024 | 1 | 1,100 sf | $940,000 | $855/sf | -5.5% |
| May 29, 2015 | 3 | 5 BR · 3 BA · 3,000 sf | $2,400,000 | $800/sf | -10.9% |
| Feb 12, 2013 | 5 | 3 BR · 2.5 BA · 3,000 sf | $2,200,000 | $733/sf | -4.3% |
| Jun 29, 2011 | 23 | 5 BR · 3 BA · 3,000 sf | $1,757,500 | $586/sf | -9.9% |
Market read. Most recent trades (2026 to date) cleared a median $801/sf (recorded) across 1 sale. Median listing discount 6.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00107-0049). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 275 Water Street and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 275 Water Street and its market
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What to know if you’re buying
Six residences support an eight-story elevator building. Elevator replacement and restoration of the decorative metal façade can represent substantial shared projects for this cooperative. For a duplex purchase, the share allocation and proprietary lease should cover both floors as one authorized home.
Comparable buildings
- The Morse Building — a larger cooperative formed through the residential conversion of an early commercial high-rise.
- The Potter Building — a landmark commercial building converted to loft cooperative apartments.
- 264 Water Street — a Seaport warehouse conversion with condominium ownership and more residences.
More Financial District buildings
- 264 Water Street — 1885 condominium
- 269 Water Street — condominium
- Seaport Loft, 272 Water Street — 1867 condominium
- 273 Water Street — condominium
- 330 Pearl Street — 1882 condominium
- Southbridge Towers — 1969 co-op by Gruzen Samton Steinglass
The neighborhood
For the full corridor — architecture, transit, and pricing across Financial District — read The Roebling Team Guide to Financial District.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 275 Water Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com