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Rent/Lease Office 175 Water St

Lease Office 175 Water St

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Nearby Sublease office Spaces for Rent

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Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
William St & John Street $ 50
8,700
$ 36,612
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William St & John Street $ 56
5,000
$ 23,541
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Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 42
7,000
$ 24,208
John St & Cliff Street $ 42
9,800
$ 33,891
Broadway & Maiden Lane $ 40
7,400
$ 24,358
William St & Between Fulton Street $ 44
35,200
$ 129,066
Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 41
6,600
$ 22,550
Broadway & Maiden Lane $ 58
3,600
$ 17,400
John St & Cliff Street $ 48
3,000
$ 12,000
Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 40
2,000
$ 6,583
Broadway & Maiden Lane $ 52
2,100
$ 9,100
John St & Cliff Street $ 44
2,400
$ 8,700
Broadway & Maiden Lane $ 40
1,800
$ 6,000
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent

Retail Spaces for Rent at 175 Water St

Rent Medical Space at 175 Water St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 175 Water Street. This trend is projected to continue. Opportunities for subleases remain available at 175 Water Street and in the nearby Insurance District neighborhood.
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175 Water Street nyc
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175 Water Street Property Overview

Building Address: 175 Water St, New York NY 10038
Building Alternate Address: 175 Water St
Zip Code:10038
Neighborhood:Insurance District
Borough:Manhattan
Stories:31
Year Built:1983
Building Class:A

175 Water Street, also known as 161 Water Street, is an office building located in the Financial District of Manhattan, New York City. The site previously hosted three 19th-century commercial buildings.

In 1982, during its construction, an 18th-century ship was discovered. The building was completed in 1983 and was designed by Fox & Fowle. Initially, the entire building was leased to National Westminster Bank.

In 1995, AIG purchased the building, which became its headquarters in 1996. AIG vacated the building in 2021 for a new location at 1271 Avenue of the Americas.

The building was sold to Metro Loft in 2019 but was later acquired by Vanbarton Group after a default. In 2022, Vanbarton sold it to 99c LLC for $252 million.

The building features 31 stories and offers 580,000 square feet of space. It includes two rooftop terraces with city and East River views.

175 Water Street, New York, NY 10038, is a notable building in the Financial District of Manhattan. It was built in 1983 and features 30 stories. The property is also known by alternate addresses such as 18-28 Fletcher St, 162-180 Front St, and 144-154 John St.

The building is part of a larger development strategy aimed at attracting trendy office tenants with discounted, short-term leases. It is known for hosting high-profile events and is being renovated to include various amenities like production facilities, art galleries, and restaurants.

175 Water Street is connected to several prominent figures in real estate and business, including Ken Dart and Gabriella Khalil, who is involved in its furnishing and branding.


175 Water Street Amenities

  • Production Facilities
  • Art Galleries
  • Restaurants
  • Bars
  • Four-Level Department Store

175 Water Street in Manhattan, NYC, is a 31-story office building located in the Financial District. The building, previously known as the AIG headquarters, was purchased by 99c for $252 million. It is currently undergoing significant renovations to attract trendy tenants, particularly those in the fashion, arts, creative, and technology sectors.

The ownership is offering deep discounts to lure in tenants, with some leases as low as $11.20 per square foot for short-term deals. Despite these efforts, the building remains largely vacant, with a vacancy rate of 95% before recent initiatives.

The city has provided tax incentives through the M-CORE program to support renovations and revitalization efforts. The building aims to host a variety of amenities, including production facilities, art galleries, restaurants, and a department store.


Internet Providers at 175 Water St, Manhattan, NYC:

1. Verizon - Offers fiber-optic internet with speeds up to 2.3 Gbps.

2. Astound Broadband Powered by RCN - Provides both cable and fiber services with speeds up to 1.5 Gbps.

3. Spectrum - Offers cable internet with speeds up to 1 Gbps.

4. T-Mobile Home Internet - Available as a fixed wireless option with speeds up to 100 Mbps.

5. Earthlink Fiber - Offers fiber service with speeds up to 2,300 Mbps.


175 Water St, Manhattan, NYC is conveniently located near several public transportation options:

  • Bus Stops: Pearl St & Fulton St, Pearl St/Beekman St, Fdr/Beekman St, Pearl St / Peck Slip, Pearl St/Peck Slip, Pearl St/Frankfort St, Frankfort St / Pearl St.
  • Subway Stations: Wall St (2 min walk), Fulton St (3 min walk).
  • Ferry Station: Pier 11 / Wall St. (8 min walk).
  • Bus Lines: BM3, M15-SBS, M22, DOWNTOWN CONNECTION, SIM3, SIM6, SIM10, SIM11, SIM31.
  • Train: PATH.
  • Nearest Cross Streets: Pearl St, Fulton St, Beekman St, Peck Slip, Frankfort St.

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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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