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
  • Year Built 1920
  • Date Updated Feb 4, 2022
  • Website arielpa.nyc

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

(212) 544-9500

broker

Daniel Mahfar

Ariel Property Advisors

(212) 544-9500 x 99

broker

Evan Hirsch

Ariel Property Advisors

(212) 544-9500

broker

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500

broker

Matthew L. Gillis

Ariel Property Advisors

(212) 544-9500 x 42

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

  • Whitehall Street–South Ferry

    0.10 miles

  • South Ferry

    0.15 miles

  • Bowling Green

    0.18 miles

  • Broad Street

    0.22 miles

  • Wall Street

    0.26 miles

  • Rector Street

    0.30 miles

  • Wall Street

    0.32 miles

  • Fulton Street

    0.49 miles

  • Fulton Street

    0.50 miles

  • Cortlandt Street

    0.51 miles

  • ChargePoint

    0.76 miles

  • Blink

    0.93 miles

  • Blink

    1.06 miles

  • Tesla Supercharger

    1.20 miles

  • Blink

    1.39 miles

  • Mobil

    1.57 miles

  • American Quick Start Auto Center

    1.58 miles

  • Gulf

    1.60 miles

  • ChargePoint

    1.77 miles

  • ChargePoint

    1.96 miles

  • Icon

    0.10 miles

  • Battery Parking Garage

    0.33 miles

  • Edison Park Fast

    0.39 miles

  • Speedy Park

    0.81 miles

  • SP+

    0.83 miles

  • Park Fast

    1.04 miles

  • iPark

    1.22 miles

  • MPG

    1.27 miles

  • Park Kwik

    1.28 miles

  • Christie Garage

    1.33 miles

  • Hampton

    0.06 miles

  • DoubleTree by Hilton New York Downtown

    0.08 miles

  • Wall Street Inn

    0.10 miles

  • Hyatt Centric

    0.22 miles

  • The Wall Street Hotel

    0.24 miles

  • Hotel Indigo

    0.25 miles

  • Holiday Inn Express

    0.26 miles

  • Radisson Hotel New York Wall Street

    0.26 miles

  • Q&A Residential Hotel

    0.28 miles

  • Eurostars Wall Street Hotel

    0.29 miles

  • Subway

    0.00 miles

  • Fraunces Tavern

    0.01 miles

  • Bombay Cuisine

    0.02 miles

  • Shorty's

    0.02 miles

  • Rockwell's Deli

    0.02 miles

  • 3 Times Dim Sum

    0.02 miles

  • Just Salad

    0.05 miles

  • Dunkin'

    0.05 miles

  • Nara Sushi

    0.05 miles

  • Potbelly

    0.06 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

  • Pace University

    0.49 miles

  • The Peck Slip School

    0.61 miles

  • Pace University

    0.64 miles

  • Murry Bergtraum High School for Business Careers

    0.74 miles

  • DeROSE Method Tribeca

    0.77 miles

  • The Robert Fulton School

    0.90 miles

  • Bright Horizons Child Care & Early Education

    0.17 miles

  • Bikes, Boards + Books

    0.89 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

  • Seedlings

    1.03 miles

  • NY Kids Club

    1.05 miles

  • Metrokids Preschool

    1.07 miles

  • CPC Chung Pak Day Care Center

    1.14 miles

Frequently Asked Questions

What is the lease rate for 28 Water St?

Rental asking rate at 28 Water St is $1,900,000.00/YR.

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.

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Contact 28 Water St