The listing facts are current enough for an initial property review.
272 Water St Units 5R & 6R
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
$1284/sqft vs a nearby median of $1849/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
Asking price is about 45.5% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$84k −3.0%
- Transit access+$70k +2.5%
- Pre-war character+$70k +2.5%
- Virtually staged−$28k −1.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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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
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.