160 Water St nyc
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Lease Apartment 160 Water St

Rent Apartment 160 Water St Property Overview

Building Address: 160 Water St, New York NY 10038
Building Name: Pearl House
Zip Code:10038
Neighborhood:Financial District
Borough:Manhattan
Stories:0
Year Built:2024
Building Class:A


160 Water Street, also known as Pearl House, is a former office building located in the Financial District of Manhattan, New York City. The building, originally constructed in 1972, is undergoing a significant transformation into a residential complex.

The conversion project, led by the Vanbarton Group and designed by Gensler, marks the largest office-to-residential conversion in New York City's history. The building is being transformed into 586 market-rate rental apartments.

As part of the renovation, an existing interstitial mechanical floor will be infilled, and five additional floors will be added to the original structure. The façade will be modernized with operable windows and new spandrels and mullions to create a refreshed appearance.

The revamped building will offer stunning water views along with a variety of amenities, including a bowling alley, gym, spa, and an expansive rooftop landscape with outdoor cooking and dining areas.

160 Water Street, also known as Pearl House, is located in the Financial District of Manhattan, New York City, with a secondary address of 2-10 Fletcher St. The building was constructed in 1972 and has a total of 30 stories, though its primary listing suggests 24 floors.

The property is valued at $29,077,200, with the land assessed at $9,360,000. It offers several amenities, including a fitness center, sauna, TV lounge, and package receiving services.


  • Indoor & Outdoor Social Club: Over 30,000 sq ft across three levels
  • Wellness & Recreation: Gym, yoga studio, sauna, hot tub
  • Entertainment Spaces: Media room, Full Swing Suite with sports simulator, theater, screening suite with 12-foot video wall
  • Lifestyle Amenities: Sky Bar with full kitchen, Sky Terrace with fire pits and grills, Pearl Cafe, Gourmet Coffee Bar
  • Pet Services: Paw Salon pet wash station
  • Workspace Features: Creator’s Room, Fireside Lounges, Grand Staircase communal area
  • Child-Friendly: Kid’s Corner immersive playroom
  • Security & Convenience: Doorman, secured bicycle storage, separate service elevators
  • Outdoor Features: Rooftop deck, multiple landscaped terraces
  • Tech Features: App-controlled Smart Home, Bluetooth keyless entry, Ecobee thermostat
  • Unit Features: Integrated Bertazzoni/Bosch appliances, quartz countertops, 55" windows
  • Building Services: Concierge, package room, live-in superintendent

Pearl House at 160 Water Street, Manhattan, NYC

The former office building at 160 Water Street has been transformed into a luxury residential complex known as Pearl House. Designed by Gensler and developed by Vanbarton Group, this project converted the 525,000 square feet of office space into 586 market-rate rental apartments and added a three-story rooftop expansion.

The conversion included significant architectural changes, such as creating operable windows and adding five new floors atop the existing structure. The building now offers extensive amenities like a bowling alley, gym, spa, and rooftop landscape with outdoor cooking areas.

Pearl House provides studio through two-bedroom units and several penthouses with private terraces, featuring smart home technologies and oversized windows for panoramic views. The property is nearly fully leased.


For residents at 160 Water St, Manhattan, NYC, several internet providers offer services in the area. Here are the primary options:

  • Verizon Fios: Known for high speeds and reliability, with plans starting at $60 and speeds up to 2 Gbps.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data and competitive pricing.
  • Spectrum: Provides high-speed internet with speeds up to 1 Gbps and affordable bundles.
  • T-Mobile Fiber: Offers 99% availability in Manhattan, though specific building coverage may vary.
Availability and speeds may vary based on the specific location within the building.

160 Water Street, located in the Financial District of Manhattan, NYC, offers convenient access to multiple transportation options.

Subway Options: Nearby subway stations include the Fulton Street Station, which is a short walk away and serves lines 2, 4, 5, A, and C.

Bus Routes: Buses such as the 120, BXM18, M15, and M15-SBS are available with stops near Water Street.

Ferry Service: New York City & New Jersey ferry lines provide access with nearby stops.

Cross Streets: 160 Water Street is situated near several notable cross streets, including John Street, Fletcher Street, Maiden Lane, and Pine Street.

Office Tenants Rented / Leased 160 Water St
  • AIG leased 86,000 SF
  • HHC Health & Home Care leased 231,544 SF
  • Water St Associates leased 500 SF

Nearby Office Tenants Leased
  • NYC Health + Hospitals leased 514,884 SF at 100 Pearl St
  • SourceMedia leased 42,460 SF at 1 Whitehall St
  • TMP Worldwide Advertising and Communications leased 37,400 SF at 125 Broad St
  • MCIC Vermont leased 13,100 SF at 14 Wall St
  • Concepts of Independence leased 11,409 SF at 120 Wall St
  • Bollinger Inc. leased 6,621 SF at 100 Wall St
  • Futur Telecom leased 6,100 SF at 17 State St
  • The White House Project leased 3,859 SF at 110 Wall St
  • The Global Justice Center leased 3,832 SF at 11 Hanover Sq
  • Drabkin & Margulies leased 2,828 SF at 120 Broadway

Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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