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247 Water Street, Brooklyn, NY 11201 Property Information

247 Water Street, Brooklyn, NY 11201 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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247 Water Street, Brooklyn, NY 11201 1
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Address

Primary address 247 Water Street
Secondary address 247-255 Water St
Neighborhood Vinegar Hill
Zip code 11201
Borough Brooklyn
Block & lot 00032-0055

Sales & Tax Overview for 247 Water Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $326,955

Lot & Building Information for 247 Water Street, Brooklyn

Lot sqft 11,083
Lot dimensions 110.83 ft x 100 ft
Building class Office with Commercial - 1 to 6 Stories (O5)
Building sqft 37,662
Building dimensions 88 ft x 88 ft
Buildings on lot 1
Stories 5
Year built 1900
Year last altered 2013
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Zoning & Use for 247 Water Street, Brooklyn

Zoning
Commercial units 25
Office sqft
Retail sqft
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 2
Closest police station 0.50 Miles
Closest fire station 0.47 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 247 Water Street, Brooklyn

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Floor area ratio (FAR) for 247 Water Street, Brooklyn, NY 11201, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 247 Water Street, Brooklyn, NY 11201, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 247-255 Water St, Brooklyn, NY 11201

About 247 Water Street, Brooklyn

How many square feet does 247 Water Street, Brooklyn, NY 11201 have?

This Office with Commercial - 1 to 6 Stories (O5) located at 247 Water Street, Brooklyn, NY 11201 has a total of 37,662 square feet.

What is the year built & the current market value of 247 Water Street, Brooklyn, NY 11201?

247 Water Street, Brooklyn, NY 11201 was built in 1900 and has a current tax assessor's market value of $7,069,000.

How many commercial spaces does this building have?

This building has 25 commercial spaces available for lease. There are 7 active listings at this address.

Ownership Information for 247 Water Street, Brooklyn

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Property owner name for 247 Water Street, Brooklyn, NY 11201
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Building contacts for 247 Water Street, Brooklyn, NY 11201
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 247 Water Street, Brooklyn

247 Water Street
Listing type For Lease
Listing date 09/29/2022
Last updated 01/23/2025
Lot size 0.25 Acre

No matter how you arrive in DUMBO—by foot, ferry, or the A,C, or F subway lines—you’ll land in one of NYC’s most attractive neighborhoods.Short for Down Under the Manhattan Bridge Overpass, DUMBO is known for its breathtaking views of Manhattan, world-class waterfront park, flourishing art and food scenes.

View Listing

Brokers

Sam Hamway
Spaces
Suite name Space type Lease rate Available space Brokers
unit 501 Flex Space $50.05/Sqft/Year 1,055 Sam Hamway
(914) 979-7395
Unit 502 Flex Space $51.43/Sqft/Year 700 Sam Hamway
(914) 979-7395
Unit 505 Flex Space $50/Sqft/Year 480 Sam Hamway
(914) 979-7395
Unit 201 Flex Space $26.88/Sqft/Year 1,250 Sam Hamway
(914) 979-7395
Unit 208 Flex Space $35.43/Sqft/Year 1,050 Sam Hamway
(914) 979-7395
Unit 303 Flex Space $38.92/Sqft/Year 740 Sam Hamway
(914) 979-7395
Retail Retail $56/Sqft/Year 2,245 Sam Hamway
(914) 979-7395
Active Listings For This Property:
For Lease 247 Water Street
247 Water Street
247 Water Street, Brooklyn
Property Flex Space
Availability 7 Spaces listed / 7520 Sqft
Price $26.88-$56/Sqft/Year
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
Explore the key features that professionals should look for when investing in a data provider for commercial real estate comps, follow our step-by-step guide on how to leverage PropertyShark to find comparables, and discover the most frequently asked questions on the topic.
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Past Sales & Property History for 247 Water Street, Brooklyn

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No recorded sales for this property.

Title Documents for 247 Water Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
02/10/2023 - R Initial UCC1
(2023011701073001)
02/10/2023 - R Initial UCC1
(2023011701066001)
03/12/2004 - D
04/27/2004 - R
Satisfaction of Mortgage
(2004032301209001)
07/16/2003 - D
08/04/2003 - R
Declaration
(2003072100799001)
06/01/2002 - D
03/31/2003 - R
Declaration
(2003031701019001)
07/31/1995 - D
11/06/1995 - R
Deed
(3800004987680)
10/21/1994 - R UCC3 Termination
(3220004489422)
10/12/1994 - R Assignment, Mortgage
(3560004469256)
09/11/1991 - R Assignment, Mortgage
(3310001637831)
06/17/1991 - R Initial UCC1
(3220003938722)
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R: Recorded date
D: Document date

Property Taxes for 247 Water Street, Brooklyn

Access detailed property tax data for 247 Water Street, Brooklyn, NY 11201. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $320,379
Estimated property tax: $326,955
Tax assessor's market value: $7,069,000
Assessed value: $3,181,050

Assessment History for 247 Water Street, Brooklyn

Here's the assessment & property tax history for 247 Water Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $7,069,000 $3,181,050 $2,953,350 10.848% $320,379 $320,379 -0.13%
2024/25 $7,092,000 $3,191,400 $2,980,710 10.762% $320,784 $320,784 +3.53%
2023/24 $6,901,000 $3,105,450 $2,925,180 10.592% $309,835 $309,835 +3.65%
2022/23 $6,354,000 $2,859,300 $2,807,910 10.646% $298,930 $298,930 +14.40%
2021/22 $5,399,000 $2,429,550 $2,429,550 10.755% $261,298 $261,298 -6.37%

Permits for 247 Water Street, Brooklyn

The complete history of permits filed for 247 Water Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
09/30/2025 Alteration
09/05/2025 Alteration
03/21/2025 Alteration
11/19/2024 Alteration
07/22/2024 Alteration
10/25/2022 Alteration
09/14/2022 Alteration
02/13/2020 Alteration
10/03/2018 Place of assembly
08/16/2018 Alteration type 2
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 5 (See more on map)

Transportation

Distance to Subway
Closest station Jay St & York St at SW Corner
Station lines F
Distance (miles) 0.188
View subway map
Bus Routes
Name Bridge St/Front St
Line B67
Distance (miles) 0.08

Neighbors for 247 Water Street, Brooklyn

Here are the neighbors for 247 Water Street, Brooklyn, NY 11201.

Address Square feet Purchase date Purchase price
301 Water St, Brooklyn 2,470 10/28/2025 $2,300,000
59 Hudson Ave, Brooklyn 4,394 09/15/2000
50 Hudson Ave, Brooklyn 3,200 08/03/1989
54 Hudson Ave, Brooklyn 2,560 11/24/2020 $1,975,000
254 Plymouth St, Brooklyn 4,700 12/04/2025
179 Water St, Brooklyn 1,017 12/20/1999
265 Water St, Brooklyn 5,800 12/29/2009
49 Gold St, Brooklyn
52 Hudson Ave, Brooklyn 2,960 05/31/1981
216 Plymouth St, Brooklyn 12,000 07/10/2023 $3,466,667
311 Water St, Brooklyn 2,880 12/31/2001
57 Hudson Ave, Brooklyn 3,857 10/07/1999
56 Gold St, Brooklyn 19,800 01/16/1979
236 Plymouth St, Brooklyn 19,059 12/19/2001
177 Water St, Brooklyn 9,800 09/25/2012 $525,000
50 Gold St, Brooklyn 14,760 09/03/2002
36 Bridge St, Brooklyn 22,958
309 Water St, Brooklyn 12/31/2001
261 Water St, Brooklyn 15,050 12/29/2009
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