Map of Property

28 Water St

28 Water St, New York, NY 10004

  • For Sale $3,800,000
  • Property Type Mixed Use - Office / Retail
  • Property Size 4,104 SF
  • Lot Size 0.02 Acre
  • Additional Rent Contact for pricing
  • Year Built 1920
  • Date Updated Feb 4, 2022

Ariel Property Advisors has been retained on an exclusive basis to sell 28 Water Street, a mixed-use commercial building on the north side of Water Street between Broad Street and Coenties Slip located in the Financial District of Manhattan.

28 Water Street is a 4-story, plus mezzanine, 4,100 square foot, walk-up building consisting of one ground floor retail unit and 3 upstairs commercial units. The fully occupied building is anchored by a Subway restaurant, secured with a long-term market rate lease.

The retail component of 28 Water Street benefits from a large volume of foot traffic generated by tourists, locals and professionals. The property is situated directly next door to the historic Fraunces Tavern, a location that played a prominent role in American history before, during, and after the American Revolution. Today, the building is listed in the U.S. National Register of Historic Places, with a claim to be Manhattan’s oldest surviving tavern and serves as a museum and restaurant. In addition, 28 Water Street is located across the street from New York Plaza, a 19-story, 97-unit residential building and 2 New York Plaza, a 40-story office building. Surrounding attractions include the South Ferry Station, Battery Park and Wall Street.

28 Water Street is easily accessible via mass transportation with the 2, 3, 4, 5, J and Z subway trains all located within walking distance. In addition to access via the South Ferry, commuters can utilize the FDR Drive for access around Manhattan, as well as the outer boroughs.

Featuring a highly-visible location and in-place revenue, 28 Water Street provides prospective investors with the opportunity to acquire an income-producing building in one of New York City’s most desirable neighborhoods.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Howard Raber

Ariel Property Advisors

broker

Daniel Mahfar

Ariel Property Advisors

broker

Evan Hirsch

Ariel Property Advisors

broker

Michael A. Tortorici

Ariel Property Advisors

broker

Matthew L. Gillis

Ariel Property Advisors

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Financial District
  • Zip Code 10004
  • Market Manhattan

Points of Interest

  • Broad Street

    0.22 miles

  • Fulton Street

    0.50 miles

  • World Trade Center

    0.61 miles

  • Greenwich St & Vesey St

    0.64 miles

  • Nassau Street & Frankfort Street at Southeast Corner

    0.67 miles

  • East Broadway (F)

    1.28 miles

  • York Street

    1.28 miles

  • Borough Hall

    1.32 miles

  • Jay Street–MetroTech

    1.46 miles

  • Spring Street

    1.51 miles

  • ChargePoint

    0.76 miles

  • Blink

    0.93 miles

  • Tesla Supercharger

    1.39 miles

  • Mobil

    1.57 miles

  • American Quick Start Auto Center

    1.58 miles

  • Gulf

    1.60 miles

  • Shell

    1.87 miles

  • BP

    2.04 miles

  • Sunoco

    2.08 miles

  • Emporium

    2.22 miles

  • Icon

    0.10 miles

  • Battery Parking Garage

    0.33 miles

  • Edison ParkFast

    0.39 miles

  • Icon Parking

    0.44 miles

  • Enterprise Ann Parking

    0.55 miles

  • Beekman Parking

    0.57 miles

  • Speedy Park

    0.81 miles

  • SP+

    0.83 miles

  • 88 Madison Street Parking

    0.99 miles

  • Park Fast

    1.04 miles

  • Hampton

    0.06 miles

  • Hilton Garden Inn

    0.06 miles

  • DoubleTree by Hilton New York Downtown

    0.08 miles

  • The FiDi Hotel

    0.09 miles

  • Wall Street Inn

    0.10 miles

  • Casa Cipriani New York

    0.16 miles

  • Hyatt Centric

    0.21 miles

  • The Wall Street Hotel

    0.24 miles

  • Hotel Indigo

    0.25 miles

  • Holiday Inn Express

    0.26 miles

  • Subway

    0.00 miles

  • Fraunces Tavern

    0.01 miles

  • Susukino Ramen

    0.02 miles

  • Bombay Cuisine

    0.02 miles

  • 3 Times Dim Sum

    0.02 miles

  • Just Salad

    0.05 miles

  • Dunkin'

    0.05 miles

  • Nara Sushi

    0.05 miles

  • NAYA Express

    0.06 miles

  • Potbelly

    0.06 miles

  • Urban Assembly School of Business for Young Women

    0.16 miles

  • Richard R. Green High School of Teaching

    0.17 miles

  • Lehman Manhattan Preparatory School

    0.18 miles

  • The King's College

    0.24 miles

  • Montessori School of Manhattan

    0.36 miles

  • Downtown Little School

    0.48 miles

  • Weill Medical College of Cornell University

    0.58 miles

  • The Peck Slip School

    0.61 miles

  • Spruce Street School

    0.61 miles

  • Pace University

    0.64 miles

  • Bikes, Boards + Books

    0.89 miles

  • KinderCare

    0.93 miles

  • Guidepost Montessori

    0.97 miles

  • District 13 Pre-K Center

    0.98 miles

  • Saint Ann's Preschool

    0.98 miles

  • Bright Horizons

    1.00 miles

  • Le Meraviglie Art

    1.02 miles

  • Seedlings

    1.03 miles

  • NY Kids Club

    1.05 miles

  • Metrokids Preschool

    1.07 miles

Frequently Asked Questions

How much does 28 Water St cost?

The space currently listed for sale at 28 Water St asks for $3,800,000.

What is the total square footage of 28 Water St?

28 Water St totals 4,104 square feet.

When was this property built?

28 Water St was built in 1920.

Looking for more in-depth information on this property?

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Contact 28 Water St