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for saleRealtyLens property overview
$1,950,000

272 Water St Units 5R & 6R

Manhattan, NY, 10038
View more Manhattan, NY property pages
1Beds
2Baths
1,519Sqft
$1284$/sqft

Listing Notes

593-square-foot private terrace! Discover the unmistakable charm of the South Street Seaport, where cobblestoned streets, waterfront views, and historic architecture meet the best of modern downtown living. Nestled in a prewar landmark building that once served as a 19th-century wine warehouse, this convertible 2-bedroom, 2-bathroom duplex loft condominium blends authentic character with contemporary comfort. Spanning approximately 1, 519 feet of interior space and featuring a approximately 593-square-foot private terrace, this home captures the unique spirit of the Seaport - timeless, inviting, and full of personality. Inside, classic loft details abound: high ceilings, exposed brick walls, and original hardwood floors create an atmosphere of warmth and texture, while a top-of-the-line Viking kitchen, sunlit open layout, and spa-like primary suite bring elevated modern style. A curved staircase leads to the primary bedroom suite, where French doors open to the private terrace for relaxing, entertaining, or simply enjoying iconic views of the Brooklyn Bridge, Gehry Building, and World Trade Center. Additional features include an in-unit washer/dryer, Whirlpool dishwasher, video intercom, and private storage unit. Dual entrances enhance flexibility and privacy, for work from home setups or hosting guests. Located in the heart of the South Street Seaport Historic District, this distinctive home is surrounded by charming boutiques, acclaimed restaurants, and the scenic waterfront - offering a rare opportunity to live where historic New York meets modern downtown energy. Photos are virtually staged

Market Insights

Below nearby median-31%

$1284/sqft vs a nearby median of $1849/sqft.

Nearby median$1849/sqft
Nearby properties8
Property size1,519 sqft
  • -31% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,519 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.84M$2.58M$3.09M · 50% confidence
vs ask $1.95M−$887k (−45.5%)

Asking price is about 45.5% below the fair value — likely to draw competing offers if it's still on market.

$1,849/sqft median across 8 tight comps × 1,519 sqft= $2.81M
  • Days-on-market gravity−$84k −3.0%
  • Transit access+$70k +2.5%
  • Pre-war character+$70k +2.5%
  • Virtually staged−$28k −1.0%
Cumulative NYC adjustments+$28k+1.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-31% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read4 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
188 days
Last price change
No change recorded
Listed
Nov 5, 2025
Photos
11 photos
Property type
condos
Status
for sale

Features & Amenities

ElevatorTwo Or More StoriesWaterfrontHigh CeilingExposed BrickViewsOpen Concept Floor PlanOpen PlanHardwood Floors

Photos

Building Facts

Year built
1900
Stories
7
Total units
10
Residential units
10
Building area
15,550 sqft
Lot size
2,910 sqft
Land use
Multi-family walk-up buildings
Building class
R1

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,950,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.