Retail

Expansive Retail Space in Historic South Street Seaport – 241 Water Street

Address: 241 Water Street, New York, NY, 10038
Price: $60,000/month
Lease Type: Commercial Lease
Type: Retail / Showroom / Flagship / Restaurant / Gallery
Location: Urban – South Street Seaport / Financial District / Lower Manhattan
Square Feet: 7,186 SF
Building Class: B
Market Segment: Flagship Retail, Hospitality, Lifestyle, Entertainment, Food & Beverage

Property Overview:

241 Water Street offers 7,186 SF of full-floor retail space in a beautifully restored historic building within the South Street Seaport District. With its exposed brick, timber-beamed ceilings, and oversized windows, this space blends Old New York charm with modern flexibility—perfect for a destination restaurant, luxury retail concept, or branded experience center.

Key Features:

Premier Seaport Location:

✔ Steps from Pier 17, Fulton Market, and the East River waterfront
✔ Close to high-end dining, boutique retail, and cultural venues
✔ Walkable to Wall Street, FiDi offices, and residential towers

Flexible Interior Layout:

✔ 7,186 SF of open, column-free space with high ceilings
✔ Ideal for immersive retail, galleries, fine dining, or hybrid use
✔ Character-rich finishes with modern mechanicals and infrastructure

Transit & Accessibility:

✔ Convenient access to 2, 3, 4, 5, A, C, J, Z subway lines at Fulton Street
✔ Easy walk to PATH, ferry terminals, and Brooklyn Bridge pedestrian path
✔ Heavy foot traffic from tourists, residents, and professionals

Highlights:

✔ $60,000/month for 7,186 SF in a revitalized historic neighborhood
✔ High ceilings, exposed brick, and flexible space for branding and customization
✔ Excellent opportunity for flagship retail or upscale dining destination
✔ Available for immediate occupancy with flexible lease terms

Conclusion:

241 Water Street offers a rare mix of architectural charm and modern scale in Lower Manhattan’s most culturally distinct neighborhood. With exceptional visibility, historic ambiance, and adaptable space, it’s an ideal flagship location for brands seeking prestige and impact.

Contact us today to schedule a private tour or request a leasing brochure.