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261 Water St
New York, NY 10038
The Stove Factory Lofts · Retail Property For Lease

Highlights

  • Existing restaurant with full liquor license and vented gas kitchen in place.
  • Serviced by multiple subway lines, ensuring customer convenience.
  • Immense outdoor seating potential in a high-foot-traffic area.
  • Prominent 50-foot frontage along historic Water Street in Seaport.
  • Fully equipped dining infrastructure, including PA system and bar setup.
  • No key-money requirement, offering a cost-effective entry into the market.

Property Facts

Total Space Available 5,500 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

The property is located at 261 Water Street in the Seaport District of Lower Manhattan. It sits between Peck Slip and Front Street and provides approximately 4,000 SF on the ground floor and 1,500 SF on the lower level. The site includes a 50-foot frontage along Water Street, in an area with a high concentration of restaurants and retail businesses. The neighborhood offers strong connectivity through multiple subway lines including the 2, 3, 4, 5, 6, J, and Z.

  • Listing ID: 40321411

  • Date on Market: 4/29/2026

  • Last Updated:

  • Address: 261 Water St, New York, NY 10038

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