Last updated on Dec 30, 2024

250 Water Street

$850 million, 27-story mixed-use development by SOM in South Street Seaport. Features 400 rentals including affordable housing, with construction now advancing.

Overview of 250 Water Street

250 Water Street is a significant $850 million mixed-use development located in the South Street Seaport. Designed by Skidmore, Owings & Merrill, this 27-story building will house 400 rental apartments, including approximately 100 affordable units. The project also incorporates commercial, retail, and community spaces, contributing to the vibrant urban landscape of the area. The development has successfully navigated legal challenges and secured a 421-a tax break extension, allowing construction to move forward. This progress marks a pivotal moment for the project, which aims to enhance the South Street Seaport with its modern design and diverse offerings. While specific details about apartment layouts or notable residents are not provided, the building's strategic location and comprehensive amenities are expected to attract a wide range of tenants. The inclusion of affordable housing units underscores a commitment to community diversity and accessibility.

Doorman

Full Time

Type

Rental

Year Built

2026

Apartments

400 (view all units)

Floors

Pets: Allowed

Neighborhood

Financial District (Manhattan)

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Recent Updates

250 Water Street changes hands

Aug 22, 2025

In August 2025, developer Tavros purchased 250 Water Street, a vacant lot in the South Street Seaport Historic District, from Seaport Entertainment Group for $150.5 million. This comes about seven years after Howard Hughes Holdings, Seaport Entertainment Group's former parent company, bought the land from the Milstein family. Plans for the empty lot have been put forth and rejected multiple times over the past 30 years, but community groups are wary of a large building rising in the historic district.

Amenities

Attended Lobby
FT Doorman
High-Rise
Central AC
Garden
Elevator
Bike Room
Live-In Superintendent

Area Map StreetView

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at William 0.22 miles

at Centre and Reade 0.34 miles

at Broadway and Warren 0.42 miles

at Broadway 0.46 miles

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Editorial Coverage

RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 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.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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250 Water Street

Overview of 250 Water Street

Maps &3D Aerial Views

Recent Updates

250 Water Street changes hands

Amenities

Pricing Comparison of Similar Buildings

Editorial Coverage

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