--- title: "272 Water Street #5R/6R, New York City, NY 10038" description: "272 Water Street #5R/6R, New York City, NY 10038 — Financial District, New York City, NY. Listing Price $1,700,000. 1 bed, 2 bath, 1,519 sqft Illustrative Buyer Commission Share of $25,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/272-water-street-5r6r-ny-10038" source: "Real Estate Rebate Team" dateModified: "2026-09-10T15:06:17.428Z" status: "Active" --- # 272 Water Street #5R/6R, New York City, NY 10038 Financial District, New York City, NY Courtesy of Compass Last updated: September 10, 2026, 11:06 AM ## At a Glance - **Listing Price**: $1,700,000 - **Beds**: 1 - **Baths**: 2 - **Sqft**: 1,519 - **Common Charges**: $1,859 / mo - **Monthly Taxes**: $2,874 / mo - **Price per Sqft**: $1,119 - **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**: $1,700,000 - **Illustrative Buyer Commission Share**: -$25,500* - **Illustrative Net Cost**: $1,674,500 *Illustrative Buyer Savings of $25,500 — 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) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cade4c31-fb4a-4d6a-a18b-f280a2da9673.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5bf05ba1-4ec7-4a41-a11f-45556bc38adc.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bedd2a10-b104-4096-907d-d07bc16d68b0.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/543fc039-73ea-40ad-b198-c891ad0b6680.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a2ff6b27-de9e-457f-87c6-c1c7da7f006a.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8fd1bdd-3e17-4641-9012-afae91f512cc.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3bf9b76f-e4dd-4f53-a45d-6625dbac5539.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1e7dacbe-6756-4777-bb3b-a4a3dfbb1955.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3780793-2f10-44c0-918d-1b1c7ed87dcb.jpg) ![272 Water Street #5R/6R, New York City, NY 10038 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0bdfec34-1a56-4f55-b9d8-ba5d618b2801.jpg) ## Property Overview A Duplex Loft with Terrace in the Seaport A POETIC EXPRESSION A story of volume and light that unfolds across two impressive levels. The expansive main floor is open and continuous, with living, dining, and kitchen arranged as a single plane, defined by strong proportion, and framed by high ceilings, with exposed brick walls, and original wood floors A PRIVATE UPPER LEVEL Once up the striking curved staircase, the tone shifts. The bedroom is set apart—elevated, inspired—its placement offering a sense of sanctuary. Just beyond two french doors, the large private terrace serves as a natural counterpart to the interior: an open-air platform overlooking the Brooklyn Bridge and the layered geometry of downtown. The juxtaposition is precise—sky against structure. KITCHEN / BATH The stylish, updated kitchen is integrated beautifully into the first floor. Clean lines, and a cooks stove provide the perfect setting for culinary exploration. Both bathrooms have been thoughtfully updated with a material palette and contemporary finishes that compliment the loft’s strength, while creating a spa-like sense of relaxation. THE BUILDING A former 19th century wine warehouse, The Seaport Lofts is a boutique condominium that reflects the scale of its romantic district. Residents enjoy the privacy and discretion of an intimate building while remaining moments from the energy of Downtown Manhattan. THE LOCATION In the South Street Seaport, the city feels both beautifully preserved and fully in motion. Cobblestone streets, low-rise architecture, and proximity to the water create a distinct and desirable living experience—at once historic and quite modern. Nearby, the waterfront esplenade, Pier 17, and a superb mix of dining and retail continue to shape this singular neighborhood’s evolution. Image of Jacuzzi is virtually staged. A Jacuzzi may be possible with Board Approval. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 2 - **Rooms**: 4 - **Sqft**: 1,519 sqft - **Stories**: 7 - **Year Built**: 1900 - **Price per Sqft**: $1,119 - **Common Charges**: $1,859 / Monthly - **Monthly Taxes**: $2,874 / mo - **Listed On**: Sep 10, 2026 - **Days on Market**: 1 Days ### Residence Features - Central Air - Washer Hookup - In Unit - See Remarks - Balcony - Building Roof Deck - Private Outdoor Space Over 60 Sqft - High Ceilings - Dryer - Dishwasher - Range - Washer - Hardwood - City - See Remarks ## Sales Evidence ### Recent closed sales 2 apartments at 272 WATER Street have recorded sales since September 2021, the most recent for $1,500,000 in September 2024. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 5F (Apartment) | 1 | 1,213 | $1,500,000 | $1,237/ft² | September 27, 2024 | MLS | | 4R (Apartment) | 1 | 1,100 | $1,437,500 | $1,307/ft² | April 20, 2022 | City record · MLS | 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. ### How this price compares The median closed price for comparable condo one-bedroom sales in Financial District is $975,000, based on 164 sales between September 2024 and July 2026. This home is asking $1,700,000, $725,000 above that median. The middle half of those sales closed between $850,000 and $1,467,500. - **Median closed price**: $975,000 - **Middle half**: $850,000 – $1,467,500 - **Based on**: 164 condo one-bedroom sales in Financial District - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,230/ft² Across the 144 of these sales with a published asking price, the median closed at 95.3% of what it originally asked. 90% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Financial District instead. ### How these sales were negotiated - **Sold vs original ask**: 95.3% of the original ask - **Closed below ask**: 90% of 144 sales - **Listed → in contract**: 110 days (about 16 weeks) - **In contract → closed**: 56 days (about 8 weeks) Across the 144 of these sales with a published asking price, the median closed at 95.3% of what it originally asked. 90% of them closed below the original ask. Half of these homes were in contract within 110 days (about 16 weeks) of coming to market, based on the 124 with a recorded listing date. Once a deal was agreed, closing took a further 56 days (about 8 weeks), based on the 144 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 164 condo one-bedroom sales in Financial District, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Financial District, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $885,000 | 18 | | 2017 | $1,295,000 | 131 | | 2018 | $1,100,000 | 47 | | 2019 | $938,486 | 45 | | 2020 | $999,000 | 37 | | 2021 | $940,000 | 62 | | 2022 | $950,000 | 77 | | 2023 | $996,500 | 92 | | 2024 | $922,500 | 75 | | 2025 | $999,500 | 96 | | 2026 | $954,500 | 40 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Financial District instead. 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 272 WATER Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/272-water-street) ## Price and Property History for 272 Water Street, Unit 5R/6R Review the recorded listing activity for 272 Water Street, Unit 5R/6R, including asking-price changes and prior market dates. - **Last sold**: $2,000,000 on April 3, 2014 | Date | Price | Listing event | | --- | --- | --- | | July 21, 2026 | $1,829,000 | Asking price reduced by $40,000, or 2.1% | | May 11, 2026 | $1,950,000 | Listed for sale by Compass | | April 3, 2014 | $2,000,000 | Sold | | December 27, 2013 | $2,000,000 | Listed for sale by Elliman | ## Property Tax History Taxes at 272 Water Street #5R/6R were $33,801 in 2026, down 2.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $270,406 | — | — | $270,406 | $33,801 | 12.5% (estimated) | | 2025 (FY 2025/26) | $312,689 | $40,421 | $272,268 | $275,903 | $34,488 | 12.5% (estimated) | | 2024 (FY 2024/25) | $294,122 | $40,421 | $253,701 | $268,136 | $33,517 | 12.5% | | 2023 (FY 2023/24) | $278,238 | $40,421 | $237,817 | $262,857 | $32,862 | 12.502% | | 2022 (FY 2022/23) | $247,237 | $40,421 | $206,816 | $247,237 | $30,329 | 12.267% | | 2021 (FY 2021/22) | $247,237 | $40,421 | $206,816 | $247,237 | $30,249 | 12.235% | | 2020 (FY 2020/21) | $273,856 | $40,421 | $233,435 | $248,013 | $30,424 | 12.267% | | 2019 (FY 2019/20) | $267,722 | $40,421 | $227,301 | $228,459 | $28,496 | 12.473% | | 2018 (FY 2018/19) | $258,356 | $40,421 | $217,935 | $208,647 | $26,315 | 12.612% | | 2017 (FY 2017/18) | $239,077 | $40,421 | $198,656 | $189,128 | $24,055 | 12.719% | | 2016 (FY 2016/17) | $201,065 | $40,421 | $160,644 | $171,047 | $22,051 | 12.892% | | 2015 (FY 2015/16) | $176,090 | $40,421 | $135,669 | $158,702 | $20,446 | 12.883% | | 2014 (FY 2014/15) | $135,395 | $40,421 | $94,974 | $118,857 | $15,279 | 12.855% | | 2013 (FY 2013/14) | $127,491 | $40,421 | $87,070 | $112,509 | $14,789 | 13.145% | | 2012 (FY 2012/13) | $150,950 | $40,421 | $110,529 | $138,799 | $18,295 | 13.181% | 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 1001061210. 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 ### 272 WATER Street South Street Seaport · Condominium 272 WATER Street, New York, NY 10038 A building in South Street Seaport, currently featuring 1 active listing. - **Year Built**: 1900 - **Total Units**: 1 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/272-water-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5R/6R](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10038/272-water-street-5r6r-ny-10038) | 1 | 2 | 1,519 sqft | $1,119 | $1,700,000 | Compass | Sep 10, 2026 | 1 days | ## Estimated Monthly Payment **$13,329 / month**, assuming a 20% down payment ($340,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $8,596 - **Property Taxes**: $2,874 - **Common Charges**: $1,859 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Financial District Manhattan's Historic Power Center [Explore Financial District](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/financial-district) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Financial District - [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 - [272 WATER Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/272-water-street) - [Financial District neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/financial-district) - [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.