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265 Water St, HOUSE
New York, NY 10038
South Street Seaport Fulton

Off Market

Property Type
House
Estimated Size
1,650 ft²
Price per ft²
$485
Bedrooms
2 Bedrooms
Bathrooms
1½ Bathroom
Home Style
TH Single Family
Common Charges
N/A
Taxes
N/A
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
265 Water St
Building Year
N/A
Building Floors
8 floors
Building Units
8 units
Middle School
104
Elementary School
PS 397
Days on RealDirect
N/A

The Nickolai Group at Douglas Elliman is delighted to offer for sale a commercial co-op in the heart of historic South Street Seaport. This 1,567 SF ground-floor loft space is located in a landmark 1872 building originally built as a biscuit factory. The space, with 9 1/2-foot ceiling, is delivered vacant, vanilla box .. Sale does not require co-op board approval. The space is vented and ideally and can be used for catering or other food usage. The space would also work very well as a showroom, premium retail location, or as a professional office.The South Street Seaport is a designated historic district, featuring some of the oldest architecture in New York, with cobble stone streets, and is undergoing major redevelopment, including the projected renovation of the Fulton Fish Market and the conversion of Pier 17 into a glass-enclosed three-story mall for luxury retail with a rooftop park and 250,000 square feet of commercial space. Seaport development is set to begin October 2013 with a grand opening in 2015. The plan will also include moorings for boat usage.Maintenance is $1,500/mo. Prior tenant rent was approximately $8,000/mo. Rents in the area are fetching up to $ 80 per foot currently.This property is an incredible opportunity for investment!! Priced at only $ 700 per foot.

Features

  • Home office
  • Loft
  • Livework
  • Investor
  • Bright

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

April 11, 2014 Sold $800,000
March 25, 2014 Sold $800,000
Dec. 12, 2013 In Contract $995,000
Aug. 21, 2013 Available $995,000
Jan. 15, 2013 Available $1,100,000
Nov. 26, 2012 Available $1,100,000
Aug. 14, 2012 Available $1,100,000
May 24, 2012 Available $1,240,000

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