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Executive Summary

Located in the heart of the Financial District's Seaport enclave, this vacant 5-story elevator brick loft presents a rare and versatile opportunity. Currently configured as a two-family, Class 1 property, it features a spacious 2-bedroom, 2-bath unit on the second floor and a large, combined multilevel residence occupying the upper floors.
Gut renovated in 2008 with historic materials, the building offers flexibility for reconfiguration, complemented by a rooftop garden with water and Brooklyn Bridge views.

Property Facts

Sale Type Investment
Sale Condition Business Value Included
No. Units 2
Property Type Multifamily
Building Size 13,015 SF
No. Stories 5
Year Built 1900

About 245 WATER ST , PECK SLIP, NY 10038

Located in the heart of the Financial District's Seaport enclave, this vacant 5-story elevator brick loft presents a rare and versatile opportunity. Currently configured as a twofamily, Class 1 property, it features a spacious 2-bedroom, 2-bath unit on the second floor and a large, combined multilevel residence occupying the upper floors. The ground level offers a unique garage or storage space with soaring 18-foot ceilings, a newly poured reinforced concrete floor, and grandfathered loading dock bays, making it ideal for a variety of creative or practical uses. The interiors are intricately and thoughtfully renovated, showcasing radiant heated floors and imported craftsmanship throughout— blending historic charm with modern luxury. The ground floor was approved for retail by Landmarks in 2006, while updated plans from 2020 include a Landmark's conditionally approved elevator installation, ensuring the property's historical integrity while enhancing functionality. Gut renovated in 2008 with historic materials, the building offers flexibility for reconfiguration, complemented by a rooftop garden with water and Brooklyn Bridge views. This is a rare chance to own a versatile, highpotential asset in one of the most desirable areas just steps from the water, transportation, renowned restaurants, vibrant shopping, and lively nightlife.

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
0097-0055
Land Assessment
$61,783 CAD
Improvements Assessment
$2,789,539 CAD
Total Assessment
$2,851,323 CAD
  • Listing ID: 39907720

  • Date on Market: 2026-03-25

  • Last Updated:

  • Address: 245 Water St, Peck Slip, NY 10038

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