---
title: "265 Water Street #5, New York, NY 10038"
description: "265 Water Street #5, New York, NY 10038 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,495,000. Est. potential buyer savings up to $37,375 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10038/265-water-street-5-ny-10038"
source: "Real Estate Rebate Team"
---

# 265 Water Street #5, New York, NY 10038

> **Listing Courtesy of:** Find Properties

## Description

Authentic Seaport Loft — Beautifully Renovated Full-Floor Residence - Unlimited subletting and no flip tax
OPEN HOUSE BY APPOINTMENT ONLY
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, central 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

- **Price**: $1,495,000
- **Potential Buyer Rebate**: $37,375
- **Bedrooms**: 2
- **Bathrooms**: 2 full, 1 half
- **Living Area**: 1,818 sqft
- **Property Type**: Residential
- **Year Built**: 1879
- **Building**: 265 Water Street
- **Neighbourhood**: South Street Seaport
- **Area / Borough**: Manhattan
- **Subdivision**: South Street Seaport
- **Listing Office**: Find Properties
- **State**: NY
- **Flags**: New Development, Sponsor Unit

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$37,375** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/265-water-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/south-street-seaport)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

---

> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.