
12
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272 Water Street #5F
About This Property
On the 5th floor, this bright, 1213 sf loft has a flexible layout and exudes charm & character. Original details include exposed brick, soaring ceilings, open layout and oversized, East-facing warehouse windows. Impressively, the sightline clears the buildings across the street for views of the East River, the bridges and Brooklyn beyond. Contemporary upgrades include the newly renovated stainless steel kitchen, impeccably finished 5-fixture bathroom & in-unit washer/dryer. Storage included.
The Seaport Lofts building is a converted wine warehouse centrally located in one of Manhattan's most desired downtown destinations. This boutique, 10 unit condominium has a virtual doorman and video intercom system.
Easy access to the A/C/J/Z/2/3/4/5/6/R/W & Ferries puts the entire city (and beyond!) at your fingertips. Local attractions include the Pier 17 rooftop concert series, the luxurious iPic move theater, the Fulton Street Market, Malibu Farm, Carne Mare and many more incredible restaurant options.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 27, 2024 | Sold | ||
Sold | |||
Aug 13, 2024 | In contract | - | |
In contract | |||
Apr 12, 2024 | Listed by Compass | $1,500,000 | |
Listed by Compass | |||
Apr 15, 2013 | Sold to Charles Jaskel | ||
Sold to Charles Jaskel | |||
Jun 26, 2011 | Listed by BLU Realty Group | $1,189,000 | |
Listed by BLU Realty Group | |||
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Very unique, half floor loft on a private yet charming cobblestone
street near Seaport. As a former Wine Warehouse, The Seaport Lofts
were created with an abundant amount of charm, located in the
landmark and historic district of Seaport. This unit facing east
floods with natural light, accentuating the exposed brick walls and
the beautiful oak pillars. This is your new york classic open loft.
There is no detail left out between original brick walls, hardwood
floors and high ceilings, open…
|
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/12/2024
|
1 Bed
|
1 Bath
|
1213 ft²
|
$1,500,000
1 Bed
1 Bath
1213 ft²
|
$1,500,000
09/27/2024
|
-
|
Aaron Mazor
Compass
| |
10/01/2021
|
1 Bed
|
1 Bath
|
1100 ft²
|
$1,500,000
1 Bed
1 Bath
1100 ft²
|
$1,437,500
-4.17%
04/20/2022
|
Richard Orenstein
Brown Harris Stevens Residential Sales LLC
| ||
08/12/2021
|
2 Bed
|
2 Bath
|
2559 ft²
|
$3,000,000
2 Bed
2 Bath
2559 ft²
|
-
-
|
-
|
Corey Wecler
Compass
| |
02/12/2019
|
2 Bed
|
3 Bath
|
2426 ft²
|
$3,300,000
2 Bed
3 Bath
2426 ft²
|
$2,825,000
-14.39%
02/08/2021
|
-
|
Tal Alexander
Douglas Elliman Real Estate
| |
05/30/2018
| |
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
-
|
05/17/2016
|
1 Bed
|
1 Bath
|
1083 ft²
|
$1,495,000
1 Bed
1 Bath
1083 ft²
|
$1,495,000
12/05/2016
|
Jason Katz
Modlin Group, The
| ||
10/28/2015
|
2 Bed
|
3 Bath
|
2460 ft²
|
$3,850,000
2 Bed
3 Bath
2460 ft²
|
-
-
|
-
|
James C. Cox Jr.
Compass
| |
06/22/2015
|
Studio
|
1 Bath
|
860 ft²
|
$975,000
Studio
1 Bath
860 ft²
|
$855,000
-12.31%
03/02/2016
|
Wisniewski Helms
Stribling & Associates Ltd
| ||
04/02/2014
|
1 Bed
|
2 Bath
|
1575 ft²
|
$3,449,000
1 Bed
2 Bath
1575 ft²
|
-
01/20/2015
|
Susie Park
BLU Realty Group
| ||
12/27/2013
|
1 Bed
|
2 Bath
|
1594 ft²
|
$2,000,000
1 Bed
2 Bath
1594 ft²
|
$2,000,000
04/03/2014
|
-
|
Brian Meier
Christie's International Real Estate
| |
08/23/2013
|
2 Bed
|
2 Bath
|
2559 ft²
|
$2,999,000
2 Bed
2 Bath
2559 ft²
|
-
-
|
-
|
Shannon Helms Wisniewski
Compass
| |
05/14/2013
|
1 Bed
|
2 Bath
|
2188 ft²
|
$2,125,000
1 Bed
2 Bath
2188 ft²
|
-
04/04/2014
|
Susie Park
BLU Realty Group
| ||
09/25/2012
|
Studio
|
1 Bath
|
1083 ft²
|
$855,000
Studio
1 Bath
1083 ft²
|
$834,965
-2.34%
10/09/2012
|
Susie Park
BLU Realty Group
| ||
09/06/2012
|
Studio
|
1 Bath
|
1213 ft²
|
$1,150,000
Studio
1 Bath
1213 ft²
|
$999,999
-13.04%
01/29/2013
|
Susie Park
BLU Realty Group
| ||
09/06/2012
|
Studio
|
1 Bath
|
1213 ft²
|
$1,139,000
Studio
1 Bath
1213 ft²
|
$999,999
-12.20%
12/21/2012
|
Susie Park
BLU Realty Group
| ||
05/03/2012
|
Studio
|
2 Bath
|
2165 ft²
|
$1,650,000
Studio
2 Bath
2165 ft²
|
-
-
|
-
|
Lawrence Link
Level Group Inc
| |
06/29/2011
|
Studio
|
1 Bath
|
1213 ft²
|
$1,095,000
Studio
1 Bath
1213 ft²
|
-
-
|
-
|
Lawrence Link
Level Group Inc
| |
06/26/2011
|
Studio
|
1 Bath
|
1213 ft²
|
$1,189,000
Studio
1 Bath
1213 ft²
|
-
-
|
-
|
Susie Park
BLU Realty Group
| |
06/14/2011
|
Studio
|
1 Bath
|
1083 ft²
|
$840,000
Studio
1 Bath
1083 ft²
|
-
-
|
-
|
Lawrence Link
Level Group Inc
|
Building Info
