--- title: "265 Water Street #5, New York City, NY 10038" description: "265 Water Street #5, New York City, NY 10038 — South Street Seaport, New York City, NY. Listing Price $1,495,000. 2 bed, 3 bath, 1,818 sqft Illustrative Buyer Commission Share of $22,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/265-water-street-5-ny-10038" source: "Real Estate Rebate Team" dateModified: "2026-09-16T16:56:50.242Z" status: "Active" --- # 265 Water Street #5, New York City, NY 10038 South Street Seaport, New York City, NY Courtesy of Find Properties Last updated: September 16, 2026, 12:56 PM ## At a Glance - **Listing Price**: $1,495,000 - **Beds**: 2 - **Total Baths**: 3 - **Sqft**: 1,818 - **Common Charges**: $3,550 / mo - **Price per Sqft**: $822 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,495,000 - **Illustrative Buyer Commission Share**: -$22,425* - **Illustrative Net Cost**: $1,472,575 *Illustrative Buyer Savings of $22,425 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![265 Water Street #5, New York City, NY 10038 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf5a845e-d700-402e-b15f-f2c58ea4444f.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3c3e895e-7fac-4f3b-ab46-ed6c47ab9bcf.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/74b0fb87-fb0c-4506-9c3e-0abac821114a.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/76b1ed2c-700e-4ca6-8803-db0e61088bf8.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cd866569-f204-4bb7-aae8-418449a0e391.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3957c085-588f-4a6e-86b0-d14ea41401be.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b000a69-ff9f-40be-bb65-c9af0d6d4ae8.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b2eeb5c6-2c69-461a-b086-991245d43128.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b5365e33-127c-4415-9e60-d065bdd4fd80.jpg) ![265 Water Street #5, New York City, NY 10038 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/efd42ff4-a874-4fbb-942c-8bd20cd9d848.jpg) ## Property Overview Authentic Seaport Loft — Beautifully Renovated Full-Floor Residence - Unlimited subletting and no flip tax OPEN HOUSE BY APPOINTMENT ONLY, FELL OUT OF CONTRACT - BACK ON MARKET Set on a charming cobblestone block in the heart of Manhattan’s historic South Street Seaport, this exceptional full-floor loft blends authentic downtown character with a meticulous modern renovation. Spanning 1,818 square feet (as per OLR measurements,) the residence offers expansive open living with the flexibility to accommodate two sleeping areas (this property is legally a loft with two full bathrooms and is currently configured with one private and one open bedroom), a home office, and distinct living and dining spaces. A private elevator opens directly into the loft, where original wood-beamed ceilings, exposed brick walls, artisan millwork, and wide plank hardwood floors create a warm and sophisticated atmosphere. A custom steel-and-glass partition introduces an elegant entry sequence while preserving the loft’s open scale and natural light. The thoughtfully redesigned chef’s kitchen is appointed with premium Miele and Liebherr appliances and refined finishes, seamlessly connecting to the entertaining space. The home features two beautifully renovated full bathrooms, A/C, washer/dryer as well as a generous walk-in closet and additional basement storage. Located in a boutique cooperative that functions with the ease of a condominium - no flip tax, and unlimited subletting permitted — a rare combination in downtown Manhattan. Just outside your door, enjoy the Seaport’s vibrant waterfront lifestyle, with acclaimed restaurants - Mark Joseph Steakhouse and Osteria del Porto - boutique shopping, the East River Esplanade, weekend greenmarkets, and effortless access to multiple subway lines at the newly renovated Fulton Station. A rare opportunity to own a true downtown loft in one of Manhattan’s most distinctive neighborhoods. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Total Baths**: 3 - **Rooms**: 4 - **Sqft**: 1,818 sqft - **Stories**: 8 - **Year Built**: 1879 - **Price per Sqft**: $822 - **Common Charges**: $3,550 / Monthly - **Listed On**: Apr 28, 2026 - **Days on Market**: 145 Days ### Residence Features - Central Air - Building Washer Dryer Install Allowed - Common Area - In Unit - Building Storage - Dryer - Washer - New Windows - City ## Estimated Monthly Payment **$11,110 / month**, assuming a 20% down payment ($299,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,560 - **Common Charges**: $3,550 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 2 apartments at 265 Water Street have recorded sales since September 2021, the most recent for $1,100,000 in December 2022. Prices are the figures recorded with the City, not asking prices. | Unit | Sold Price | Sold | Source | | --- | --- | --- | --- | | 2 (Apartment) | $1,100,000 | December 23, 2022 | City record | | 4 (Apartment) | $1,100,000 | September 29, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. Sales data through December 2022. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 265 Water Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/265-water-street) ## Price and Property History for 265 Water Street, Unit 5 Review the recorded listing activity for 265 Water Street, Unit 5, including asking-price changes and prior market dates. | Date | Price | Listing event | | --- | --- | --- | | August 10, 2026 | $1,495,000 | Returned to the market | | April 28, 2026 | $1,495,000 | Entered contract | | April 22, 2026 | $1,495,000 | Listed for sale by Find Properties | | January 29, 2015 | — | Sold | | March 15, 2012 | $1,650,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC | ## Property Tax History Taxes at 265 Water Street #5 were $112,672 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $3,835,800 | $326,250 | $3,509,550 | $901,378 | $112,672 | 12.5% (estimated) | | 2025 (FY 2025/26) | $3,638,250 | $326,250 | $3,312,000 | $901,378 | $112,672 | 12.5% (estimated) | | 2024 (FY 2024/25) | $3,276,900 | $326,250 | $2,950,650 | $863,602 | $107,950 | 12.5% | | 2023 (FY 2023/24) | $3,043,800 | $326,250 | $2,717,550 | $799,660 | $99,973 | 12.502% | | 2022 (FY 2022/23) | $3,297,150 | $326,250 | $2,970,900 | $740,429 | $90,828 | 12.267% | | 2021 (FY 2021/22) | $3,227,850 | $326,250 | $2,901,600 | $693,368 | $84,834 | 12.235% | | 2020 (FY 2020/21) | $3,470,400 | $326,250 | $3,144,150 | $693,368 | $85,055 | 12.267% | | 2019 (FY 2019/20) | $2,976,480 | $326,250 | $2,650,230 | $664,309 | $82,859 | 12.473% | | 2018 (FY 2018/19) | $615,123 | — | — | $615,123 | $77,579 | 12.612% | | 2017 (FY 2017/18) | $569,561 | — | — | $569,561 | $72,442 | 12.719% | | 2016 (FY 2016/17) | $533,360 | — | — | $533,360 | $68,761 | 12.892% | | 2015 (FY 2015/16) | $533,360 | — | — | $533,360 | $68,713 | 12.883% | | 2014 (FY 2014/15) | $511,007 | — | — | $511,007 | $65,690 | 12.855% | | 2013 (FY 2013/14) | $473,172 | — | — | $473,172 | $62,198 | 13.145% | | 2012 (FY 2012/13) | $438,124 | — | — | $438,124 | $57,749 | 13.181% | | 2011 (FY 2011/12) | $410,277 | — | — | $410,277 | $55,113 | 13.433% | | 2010 (FY 2010/11) | $410,277 | — | — | $410,277 | $54,784 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1001070044. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 265 Water Street 265 Water Street, New York, NY 10038 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1879 - **Active Units**: 1 - **Floors**: 8 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/265-water-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/265-water-street-5-ny-10038) | 2 | 2 | 1,818 sqft | $822 | $1,495,000 | Find Properties | Apr 28, 2026 | 145 days | ## South Street Seaport Overview of South Street Seaport [Explore South Street Seaport](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/south-street-seaport) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby South Street Seaport - [Battery Park City real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/battery-park-city) - [Civic Center real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/civic-center) - [Two Bridges real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/two-bridges) - [Tribeca real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) - [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) ## Related Links - [265 Water Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/265-water-street) - [South Street Seaport neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/south-street-seaport) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.