241 Water Street

Avison Young, as exclusive agent, is pleased to offer for sale 241 Water Street (the “Property”) a 31,844 SF building located in the South Street Seaport historic district between Beekman Street and Peck Slip. 241 Water Street sits on a 7,473 SF lot which is

situated in a C6-2A zoning district. The six-story elevator building benefits from 100’ of frontage along Water Street, and the site allows for a total of 44,987 BSF for residential and 44,838 BSF for community facility space. The Property is currently home to the Blue School who will occupy the Property through the end of the 2022/2023 academic year, at which time the Property will be delivered fully vacant. 241 Water Street offers a rare opportunity for end-users and/or investors to own a fully vacant school located in the extremely sought-after neighborhood of South Street Seaport. In addition, the Property is just a 5 minute walk to the Fulton Street subway station which is serviced by the 4,5,J,Z,2,3 lines and is surrounded by a number of residential developments and conversions, which will bring a surplus of families to the neighborhood.