Avison Young brings to market the former home to historic Bridge Cafe; asking $4.5 million

Avison Young brings to market the former home to historic Bridge Cafe; asking $4.5 million November 8, 2023

Popular South Street Seaport continues to see growth and vitality

New York, NY Avison Young has been exclusively retained to bring to market the property at 279 Water Street on behalf of Little Red House, a boutique property developer. The vacant, 5,653-square-foot (sf) property is a mixed-use building and former home to the historic Bridge Café restaurant and bar. The property is being marketed as a luxury mixed-use, multifamily residential redevelopment opportunity.

Little Red House is being represented by Noah Kossoff, Associate Director; Ed Nelson, Senior Associate; and Kyle Sabath, Associate, all based in Avison Young’s New York City office.

“This is an exciting user opportunity to invest in a piece of NYC’s history,” said Kossoff. “Across the city, significant vacant retail properties are being bought by users, a trend that has been prevalent all year – and the vacant corner retail space is primed to capitalize on the popularity of the South Street Seaport’s continued growth.”

The property features 88 feet of frontage on the southwest corner of Water and Dover Streets and is comprised of two vacant interconnected buildings on a 1,641-sf lot situated in a C6-2A zoning district. The corner features a three-story mixed-use structure with an entrance to ground floor restaurant space, and next door is a five-story building that features a separate entrance to the upper floors.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

For more information:

  • Download property photo here.

Media contact:

  • Nathan Reyna, Regional Media Relations & Content Specialist, Northeast: +1.917.877.1697