Expert Tenant Broker
We represent you, not the landlord
Rent/Lease Office 175 Water St, New York, NY
Lease Office 175 Water St
Rent Sublease Office at 175 Water St
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| William St & John Street | $ 51 | 8,700 |
$ 36,975 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| William St & John Street | $ 55 | 5,000 |
$ 22,916 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Maiden Ln & Nassau Street | $ 42 | 7,000 |
$ 24,500 |
| John St & Cliff Street | $ 41.5 | 9,800 |
$ 33,891 |
| Broadway & Maiden Lane | $ 40.5 | 7,400 |
$ 24,975 |
| William St & Between Fulton Street | $ 44.5 | 35,200 |
$ 130,533 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Maiden Ln & Nassau Street | $ 39.5 | 6,600 |
$ 21,725 |
| Broadway & Maiden Lane | $ 56.5 | 3,600 |
$ 16,950 |
| John St & Cliff Street | $ 46.5 | 3,000 |
$ 11,625 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Maiden Ln & Nassau Street | $ 39.5 | 2,000 |
$ 6,583 |
| Broadway & Maiden Lane | $ 52 | 2,100 |
$ 9,100 |
| John St & Cliff Street | $ 43.5 | 2,400 |
$ 8,700 |
| Broadway & Maiden Lane | $ 40 | 1,800 |
$ 6,000 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
Retail Spaces for Rent at 175 Water St
Rent Retail 175 Water St
Rent Medical Space at 175 Water St
- Emmet Marvin & Martin LLP leased 138,858 SF at 120 Broadway
- DailyPay leased 137,274 SF at 55 Broad St
- Investment Technology Group leased 132,000 SF at 165 Broadway
- 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
- Spring Sun Nail leased 2,300 SF at 119 Fulton St
- Coffee Bean & Tea Leaf leased 2,000 SF at 280 Broadway
- New York Nautical leased 2,000 SF at 200 Church St
- H&R; Block leased 1,902 SF at 5 Hanover Square
- 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
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
Why Optimal Spaces Tenant Broker
- Lease negotiation: full terms, renewals, expansion options
- Cost analysis, inventory identification, negotiating scope
- Risk mitigation against hidden pitfalls
Cost Savings
- Negotiate 30+ leasing points to prevent hidden costs
- Save 10–15% on total leasing costs
- Save 100–200 hours filtering unviable spaces
- Property access via broker databases and networks (off-market, subleases, future availability)
Alone or With Other Brokers
- Managing agents owe a fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
- Inherent conflict of interest as most brokers represent landlords
- Risk of weaker terms and overlooked hidden costs
- Heavy workload falls on you while best spaces are missed
175 Water Street, New York, NY Property Overview
| Building Address: | 175 Water St, New York NY 10038 |
| Building Alternate Address: | 175 Water St, New York, NY |
| 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:
- Verizon Fios: fiber-optic, up to 2 Gbps
- Astound Broadband (RCN): cable and fiber, up to 1.5 Gbps
- Spectrum: cable, up to 1 Gbps
- EarthLink: fiber-optic
- T-Mobile Home Internet: 5G home internet, up to 415 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.
- Emmet Marvin & Martin LLP leased 138,858 SF at 120 Broadway
- DailyPay leased 137,274 SF at 55 Broad St
- Investment Technology Group leased 132,000 SF at 165 Broadway
- 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
- Spring Sun Nail leased 2,300 SF at 119 Fulton St
- Coffee Bean & Tea Leaf leased 2,000 SF at 280 Broadway
- New York Nautical leased 2,000 SF at 200 Church St
- H&R; Block leased 1,902 SF at 5 Hanover Square
- 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
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
Office Buildings in Insurance District
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.