One of the early residential conversions of a former office building in Lower Manhattan, this 12-story building was erected in 1955 and converted to a condominium in 1983.

The 122-unit building is a few blocks south of the South Street Seaport with its many restaurants, events and stores, and one block west of the East River. Water Street is one of the most architecturally interesting streets downtown with very unusual and amusing office buildings erected by the William Kaufman Organization at 77 Water Street and 127 John Street, the latter itself converted to residential use in the late 1990's.

To the west are some of the greatest and most legendary architectural glories of the financial district and the city such as the fabulous Art Deco tower at 70 Pine Street.

The depressed commercial real estate market in the early 1990's led to the residential conversion of numerous office buildings downtown that resulted in the opening of new restaurants in the area including a spectacular one at 55 Wall Street and the reopening in 1998 of the famous Delmonico's not far from this building.

Although subways are a few blocks away, there are buses on Water Street and this is a walker's paradise because the canyons of Lower Manhattan constitute the world's most spectacular urban environment.

This white-brick building has continuous bands of windows, a couple of setbacks and many corner windows, some of which are angled sharply because of the irregular street pattern in the area.