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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 04, 2022
  • Website

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.

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  • City New York, NY
  • Neighborhood Financial District
  • Zip Code 10004
  • Market Manhattan


Howard Raber

Ariel Property Advisors

(212) 544-9500 x 23

Daniel Mahfar

Ariel Property Advisors

(212) 544-9500 x 99

Evan Hirsch

Ariel Property Advisors

(212) 544-9500 x 100

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

Matthew L. Gillis

Ariel Property Advisors

(212) 544-9500 x 42

Frequently Asked Questions

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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