272 WATER Street #5R/6R, New York City, NY 10038
Listing Courtesy of Christies International Real Estate Group LLC
$1,995,000
Potential Rebate: $29,925
Overview
<p> </p> <p>Discover the unmistakable charm of the South Street Seaport, where cobblestoned streets, waterfront views, and historic architecture meet the best of modern downtown living. Nestled in a prewar landmark building that once served as a 19th-century wine warehouse, this convertible 2-bedroom, 2-bathroom duplex loft condominium blends authentic character with contemporary comfort. Spanning approximately 1,700 square feet of interior space and featuring a 590-square-foot private terrace, this home captures the unique spirit of the Seaport - timeless, inviting, and full of personality.</p> <p>Inside, classic loft details abound: high ceilings, exposed brick walls, and original hardwood floors create an atmosphere of warmth and texture, while a top-of-the-line Viking kitchen, sunlit open layout, and spa-like primary suite bring elevated modern style.</p> <p>A curved staircase leads to the primary bedroom suite, where French doors open to the private terrace for relaxing, entertaining, or simply enjoying iconic views of the Brooklyn Bridge, Gehry Building, and World Trade Center.</p> <p>Additional features include an in-unit washer/dryer, Whirlpool dishwasher, video intercom, and private storage unit. Dual entrances enhance flexibility and privacy, for work from home setups or hosting guests.</p> <p>Located in the heart of the South Street Seaport Historic District, this distinctive home is surrounded by charming boutiques, acclaimed restaurants, and the scenic waterfront - offering a rare opportunity to live where historic New York meets modern downtown energy.</p> Photos are virtually staged <p> </p>
Home Features
- •Washer Hookup
- •In Unit
- •Balcony
- •Private Outdoor Space Over 60 Sqft
- •Bridge(s)
- •City
Estimated Monthly Payment
$11,717 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$29,925
Monthly savings impact
$83/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Christies International Real Estate Group LLC
Data Source: TRESTLE #RLS20058255
Price Analysis
Compare average listing prices and value metrics for 272 WATER Street against the surrounding South Street Seaport market.
Average List Price
Price Per SqFt
32.96% Lower
than the South Street Seaport price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
South Street Seaport
Overview of South Street Seaport
South Street Seaport is where New York began. Located on the East River in Lower Manhattan, it is a historic district featuring some of the oldest architecture in the city, lively piers, and a revitalized waterfront. For buyers interested in South Street Seaport Manhattan real estate, it offers a blend of 19th-century charm and modern luxury.
Living in South Street Seaport is atmospheric. You walk on cobblestones past tall ships docked at the pier. As a transforming Manhattan NYC neighborhood, it has evolved from a tourist trap into a vibrant residential community with high-end dining and entertainment.
Real Estate & Housing Market
The market for homes for sale in South Street Seaport is a mix of converted Federal-style commercial buildings and ultra-modern glass towers. The contrast is striking.
Development has been booming, with new luxury condos offering river views and top-tier amenities. Prices have risen as the neighborhood has "arrived" as a legitimate destination for locals, not just visitors.
Lifestyle & Community
The lifestyle in South Street Seaport is distinct. It feels maritime and open. Residents enjoy the rooftop concerts at Pier 17, movies at the Alamo Drafthouse, and dining at the Tin Building by Jean-Georges.
The community is growing, attracting professionals working in the Financial District who want more character than the typical sleek high-rise offers. It is lively on summer evenings but peaceful in the mornings.
Transportation & Accessibility
South Street Seaport is a short walk from the major transit hub at Fulton Street (A, C, J, Z, 2, 3, 4, 5 trains), connecting you to anywhere in the city.
The NYC Ferry terminal at Pier 11 is a major asset, offering boat commutes to Brooklyn, Queens, and Midtown. It is the most scenic way to travel.
Parks, Schools & Amenities
Pier 17 acts as a massive public rooftop park with stunning views of the Brooklyn Bridge. The East River Esplanade allows for biking and running along the water.
Amenities have skyrocketed in quality. The Tin Building is a culinary marketplace that rivals Eataly. The area has become a genuine hotspot for food and culture.
Who This Neighborhood Is Best For
South Street Seaport is best for history buffs, lovers of waterfront living, and FiDi professionals who want a neighborhood with soul and cobblestones.
