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241 Water Street, New York, NY 10038 - Property report

Also known as: 241 Water St

Property image for 241 Water Street, New York, NY 10038

Property type

School or Academy (W3)

Year built

1989

Lot sq. ft.

7,473

Sale price

$15,100,000

General information

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Address
Primary address
241 Water Street
ZIP code
10038
Neighborhood
Financial District
Borough
Manhattan
Block & lot
00097-0051

Owner

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Building
Property type
School or Academy (W3)
Building sq. ft.
31,984
Building dimensions
100 ft x 73 ft
Stories
6
Year built
1989
Last altered
2011
Building material
Sales
Sale date
02/02/2011
Sale price
$15,100,000
Tax
Tax year
2026-2027
Property tax
$582,462
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
99.92 ft x 73.5 ft
Lot sq. ft.
7,473

Units for 241 Water Street, New York, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
00097-7505 31,844
Unit 1 12/08/2017 5,110
Unit 2 12/08/2017 4,692
Unit 3 12/08/2017 4,801
Unit 4 12/08/2017 4,755
Unit 5 12/08/2017 3,543
Unit 6 12/08/2017 2,763

Ownership information for 241 Water Street, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 241 Water Street, New York, NY 10038

Sale date Sale price Buyer name Seller name
02/02/2011 $15,100,000 XXX XXXX XXX XXXXXXXXXX XXXXXX XXXXXX XXXXXX'X XXXXXX XXXXXXXX XX XXX XXXX & XXX XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/26/2026 - R
05/21/2026 - D
Maps
(2026052900115002)
XXX XXXXX XXXXXX XX XXXXXXXXXXX
06/26/2026 - R
05/07/2026 - D
Condo Declaration
(2026052900115001)
XXX XXXX XXXX XXXXXXX XXXXXX XX XXX XXXX
01/23/2026 - R
11/20/2025 - D
Memorandum of Lease
(2025121700488001)
XXX XXXXX XXXXXX XXXXXXXX XXX XXX XXXX XXXX XXXXXXX XXXXXX XX XXX XXXX
07/07/2017 - R
06/16/2017 - D
Maps
(2017070700159002)
XXX XXX XXXXX XXXXXX XXXXXXXXXXXX XXXXXXXXXXX
07/07/2017 - R
02/14/2017 - D
Condo Declaration
(2017070700159001)
XXXX XXXXXX
01/31/2017 - R
12/20/2016 - D
Memorandum of Lease
(2017010301249005)
XXXX XXXXXXXXXX XXX XXXX XXXXXX
01/31/2017 - R
12/20/2016 - D
Memorandum of Lease
(2017010301249004)
XXXX XXXXXX XXXX XXXXXXXXXX XXX
10/11/2016 - R Initial UCC1
(2016101000074001)
XXXX XXXXXX XXXXX XXXXXXX XXXXXX XXX
07/28/2015 - R
06/25/2015 - D
Easement
(2015071600607001)
XXXX XXXXXX XXXXX XXXXXX XXXXXXXXXXX
02/05/2015 - R
12/18/2014 - D
Sundry Miscellaneous
(2014122300763003)
XXXXX XXXXXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 241 Water Street, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$582,462
Municipal exemptions
Recent tax assessments
Market value
$13,996,000
Assessed value
$6,298,200

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2017/18 $13,912,000 $6,260,400 $0 10.514% $596,693 $0 n/a
2016/17 $13,219,000 $5,948,550 $0 10.574% $574,803 $0 n/a
2015/16 $12,519,000 $5,633,550 $0 10.656% $560,415 $0 n/a
2014/15 $12,154,000 $5,469,300 $0 10.684% $547,069 $0 n/a
2013/14 $11,254,000 $5,064,300 $0 10.323% $515,483 $0 n/a
2012/13 $9,770,000 $4,396,500 $0 10.228% $433,298 $0 n/a
2011/12 $9,770,000 $4,396,500 $4,142,790 10.152% $420,576 $420,576 +3290.20%
2010/11 $9,453,000 $4,253,850 $120,303 10.312% $413,525 $12,406 +2.45%
2009/10 $9,188,000 $4,134,600 $116,138 10.426% $403,618 $12,109 +7.26%
2008/09 $8,890,000 $4,000,500 $110,230 10.241% $376,289 $11,289 +6.75%

Permit information for 241 Water Street, New York, NY

Filing date Job type Job status Job description Initial cost
03/11/2026 Subdivision: condo
02/22/2017 Subdivision: condo
09/14/2015 Alteration type 2
09/14/2015 Alteration type 2
07/13/2015 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
04/29/2021 Egrade-failure to post energy grade/score none
02/27/2017 E-elevator
02/19/2016 E-elevator

*Most recent DOB violations on record for this property.

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

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

Frequently asked questions

What is the year built for 241 Water Street, New York, NY 10038?

The development at 241 Water Street, New York, NY 10038 was built in 1989.

What is the total square footage of 241 Water Street, New York, NY 10038?

241 Water Street, New York, NY 10038 has a total of 31,984 square feet.

When was 241 Water Street, New York, NY 10038 last sold and what was the sale price?

241 Water Street, New York, NY 10038 was last sold on 02/02/2011 for $15,100,000.

What is the assessed value of 241 Water Street, New York, NY 10038?

241 Water Street, New York, NY 10038 is currently assessed at $6,298,200.

What are the property taxes for 241 Water Street, New York, NY 10038?

The property taxes for 241 Water Street, New York, NY 10038 total $582,461.

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