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261 Water St
New York, NY 10038
Timeless New York Steakhouse · Retail Property For Lease
Highlights
- Prime location in Manhattan’s South Street Seaport
- Located in a revitalized waterfront submarket with long-term upside
- Turnkey kitchen and service infrastructure
- Strong visibility with consistent neighborhood and tourist traffic
- Timeless interior suitable for immediate operation or repositioning
Property Facts
| Total Space Available | 5,400 SF | Apartment Style | Mid-Rise |
| No. Units | 20 | Building Size | 27,522 SF |
| Property Type | Multifamily | Year Built/Renovated | 1900/1983 |
| Property Subtype | Apartment |
| Total Space Available | 5,400 SF |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 27,522 SF |
| Year Built/Renovated | 1900/1983 |
About the Property
Located in Manhattan’s South Street Seaport, one of New York City’s most iconic and revitalized waterfront districts, this property offers a rare opportunity to acquire a fully built-out, legacy restaurant space with enduring appeal. The property totals approximately 5,400 square feet, comprising 4,000 square feet on the ground floor and 1,400 square feet on the lower level, and is configured to support high-volume, full-service dining. The space is currently built out as a classic New York steakhouse, featuring a warm, timeless interior that allows for immediate operational continuity or a seamless transition to a new upscale dining concept. The efficient kitchen layout is supported by three walk-in refrigeration units, ample prep and storage areas, and infrastructure designed to accommodate demanding service levels. Situated in a premier waterfront submarket with strong neighborhood and tourist traffic, the property benefits from excellent visibility and long-term upside driven by the continued growth and revitalization of the Seaport. This offering is well suited for owner-operators, restaurant groups, or hospitality investors seeking a stabilized, turnkey asset in a prime Manhattan location with flexibility for repositioning or brand enhancement.
