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Rent/Lease Apartment 160 Water St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 160 Water St. This trend is projected to continue. Opportunities for subleases remain available at 160 Water St and in the nearby Financial District neighborhood.

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
  • Water St Associates leased 500 SF
  • HHC Health & Home Care leased 231,544 SF

Nearby Office Tenants Leased
  • Municipal Credit Union leased 126,000 SF at 22 Cortlandt St
  • WeWork leased 120,537 SF at 222 Broadway
  • Millennium High School leased 113,566 SF at 75 Broad St
  • New York Department of I… leased 107,668 SF at 80 Maiden Ln
  • Lewis Brisbois Bisgaard & Smith leased 100,952 SF at 77 Water Street
  • WeWork leased 94,176 SF at 110 Wall St
  • NYU Langone Medical Cen… leased 94,040 SF at 233 Broadway
  • Weill Cornell Medicine leased 82,994 SF at 156 William St
  • WeWork leased 82,171 SF at 115 Broadway
  • Country-Wide Insurance… leased 76,410 SF at 40 Wall St

Nearby Retail Tenants Leased
  • Rezdora leased 1,800 SF at 45 John Street
  • Athea Kitchens Inc. leased 1,700 SF at 7 Hanover Sq
  • Starbucks leased 1,586 SF at 233 Broadway
  • Starbucks leased 1,465 SF at 115 Broadway
  • American Laser Centers leased 1,400 SF at 139 Fulton St
  • Starbucks leased 1,200 SF at 2 Broadway
  • Gregory's Coffee leased 1,100 SF at 80 Broad St
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Plus Six One leased 960 SF at 101 Greenwich Street
  • Leo?s Bagels leased 950 SF at 3 Hanover Square
Office Tenants Rented / Leased 160 Water St
  • AIG leased 86,000 SF
  • Water St Associates leased 500 SF
  • HHC Health & Home Care leased 231,544 SF
Nearby Office Tenants Leased
  • Municipal Credit Union leased 126,000 SF at 22 Cortlandt St
  • WeWork leased 120,537 SF at 222 Broadway
  • Millennium High School leased 113,566 SF at 75 Broad St
  • New York Department of I… leased 107,668 SF at 80 Maiden Ln
  • Lewis Brisbois Bisgaard & Smith leased 100,952 SF at 77 Water Street
  • WeWork leased 94,176 SF at 110 Wall St
  • NYU Langone Medical Cen… leased 94,040 SF at 233 Broadway
  • Weill Cornell Medicine leased 82,994 SF at 156 William St
  • WeWork leased 82,171 SF at 115 Broadway
  • Country-Wide Insurance… leased 76,410 SF at 40 Wall St
Nearby Retail Tenants Leased
  • Rezdora leased 1,800 SF at 45 John Street
  • Athea Kitchens Inc. leased 1,700 SF at 7 Hanover Sq
  • Starbucks leased 1,586 SF at 233 Broadway
  • Starbucks leased 1,465 SF at 115 Broadway
  • American Laser Centers leased 1,400 SF at 139 Fulton St
  • Starbucks leased 1,200 SF at 2 Broadway
  • Gregory's Coffee leased 1,100 SF at 80 Broad St
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Plus Six One leased 960 SF at 101 Greenwich Street
  • Leo?s Bagels leased 950 SF at 3 Hanover Square

Onsite Networks Testimonial

Onsite Networks testimonial I am writing in recognition of the quality service provided by Optimal Spaces Inc. and Stephen Sunderland in finding us a sublease at 41 Madison Avenue. We strongly recommend them for the excellent job they did. They were efficient and responsive in locating spaces that met our needs and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Dennis Jules Kessler Chief Financial Officer On Site Networks, Inc
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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?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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.