The listing facts are current enough for an initial property review.
265 Water St Apt 5
Listing Notes
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 Manhattans 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 lofts open scale and natural light. The thoughtfully redesigned chefs 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 Seaports 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 Manhattans most distinctive neighborhoods.
Market Insights
$822/sqft vs a nearby median of $1071/sqft.
- -23% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,818 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 28.5% below the fair value — likely to draw competing offers if it's still on market.
- Pre-war character+$48k +2.5%
- Special flood hazard zone−$38k −2.0%
- Transit access+$10k +0.5%
- Visible condition issues−$10k −0.5%
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
- 14 days
- Last price change
- No change recorded
- Listed
- Apr 28, 2026
- Photos
- 13 photos
- Property type
- coop
- Status
- for sale
- Last sold
- Aug 10, 2012 · $1,595,000
Features & Amenities
Photos
Building Facts
- Year built
- 1879
- Stories
- 8
- Total units
- 8
- Residential units
- 7
- Building area
- 18,450 sqft
- Lot size
- 2,196 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- C7
From NYC public records where available.
Price History
Public Records
18 total recorded against the building
8 total recorded
Tax-lot deed, mortgage, and transfer records on file
Top: vendor enforcement
Top complaint types in ZIP 10038
- Vendor Enforcement1,394
- Illegal Parking1,365
- Noise - Residential439
- Encampment360
- Noise358
Recent DOB
- Mar 14, 2025V*-DOB VIOLATION - DISMISSED · LANDMK-LANDMARK NONE
- Mar 14, 2025V-DOB VIOLATION - ACTIVE · LANDMK-LANDMARK NONE
- Apr 8, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
- Mar 19, 2020V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
Recent HPD
- Apr 29, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Mar 15, 2023Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 3, 2022Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Feb 16, 2022Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.