Expert Tenant Broker "No Fee"
We represent you, not the landlord

Rent/Lease Office 241 Water St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF 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 SF Monthly Rent
William St & John Street $ 52
8,700
$ 37,700
Address $ / SF SF Monthly Rent
William St & John Street $ 56
5,000
$ 23,333
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 43
7,000
$ 25,083
John St & Cliff Street $ 42
9,800
$ 34,708
Broadway & Maiden Lane $ 39
7,400
$ 24,050
William St & Between Fulton Street $ 46
35,200
$ 133,466
Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 40
6,600
$ 22,275
Broadway & Maiden Lane $ 58
3,600
$ 17,250
John St & Cliff Street $ 48
3,000
$ 11,875
Address $ / SF SF Monthly Rent
Maiden Ln & Nassau Street $ 38
2,000
$ 6,250
Broadway & Maiden Lane $ 52
2,100
$ 9,187
John St & Cliff Street $ 42
2,400
$ 8,300
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 241 Water St

Rent Retail 241 Water St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Rent Medical Space at 241 Water St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 241 Water Street. This trend is projected to continue. Opportunities for subleases remain available at 241 Water Street and in the nearby Insurance District neighborhood.
Find My Space!
241 Water Street nyc
Thank you! we will be in touch.

Before you go please fill:


Search all rental options at 241 Water St

241 Water Street Property Overview

Building Address: 241 Water St, New York NY 10038
Building Name: Seamans Church Institute of NY
Building Alternate Address: 241 Water St
Zip Code:10038
Neighborhood:Insurance District
Borough:Manhattan
Stories:6
Year Built:1991
Building Class:B

241 Water Street, located in Manhattan's Financial District, is a building with a rich history. Originally constructed in 1799 by Peter Schermerhorn for a ships chandlery business, it was significantly rebuilt in 1991 by James Polshek and Richard Olcott. The building previously housed the Seamen's Church Institute of New York and New Jersey until they relocated in 2010.

From 2011 until its closure, the Blue School, a progressive independent school founded by the Blue Man Group, occupied this space. The building offers a unique architectural feature with six stories and a total area of approximately 31,844 square feet. Its location in the South Street Seaport area allows it to be a part of the vibrant revitalization efforts in the district.

In recent years, the building has been marketed for sale, offering opportunities for redevelopment into various uses.

241 Water Street, Manhattan, New York City

Address: 241 Water St, New York, NY 10038

Property Overview

  • Building Type: Office / Loft Creative Space / Specialty Property (School)
  • Year Built: 1989 - 1991
  • Stories: 6
  • Building Size: Approximately 31,844 to 37,722 square feet
  • Lot Size: 0.17 acres (7,473 sq ft)
  • Building Class: B
  • Zoning: C6-2A

Key Features and Highlights

  • Former school building with opportunity for retail, medical use, educational space, or private members club
  • Located in prime South Street Seaport area, adjacent to The Seaport development by Howard Hughes
  • Interior includes double-height ceilings and various outdoor spaces
  • Air conditioning and balcony included
  • Surface parking available

Location and Accessibility

  • Neighborhood: Financial District, Manhattan
  • Close to multiple subway lines: 2, 3, 4, 5, J, Z, M, A, C, 6 at Fulton Street, Broadway-Nassau, Wall Street, Brooklyn Bridge-City Hall stations
  • Transit Score: 100 (excellent public transport access)

241 Water St, Manhattan, NYC - Building Amenities

  • Air Conditioning
  • Balcony
  • Various Outdoor Spaces
  • Interior Double-Height Ceilings
  • Surface Parking
  • Surface Tandem Parking
  • Covered Parking
  • Covered Tandem Parking

This 6-story, Class B office building was built in 1991 and is located in the Insurance District of Manhattan. It offers versatile space suitable for office, retail, medical, educational, or private club uses. The building is adjacent to the Seaport area and offers multiple parking options along with notable architectural features such as double-height ceilings and outdoor terraces.


241 Water St, located in the South Street Seaport historic district of Manhattan, is a six-story office building constructed in 1991. The building offers a total area of 37,722 square feet and features various amenities such as air conditioning and balconies.

Currently, the property is occupied by the Blue School, a K-8 private school founded by the Blue Man Group. However, the school is vacating at the end of the 2023 academic term. Nearby office tenants include Allied World Insurance Company and American companies, although specific information about tenants at 241 Water St is limited.


241 Water St, Manhattan, NYC Internet Providers

  • Verizon Fios - Fiber-optic with symmetrical speeds up to 2 Gbps, starting at $49.99/month
  • Spectrum - Cable internet up to 1 Gbps, plans from $44.99/month
  • Astound Broadband (RCN) - Fiber/cable hybrid with 1.5 Gbps speeds, starting at $35/month
  • Optimum - Available in NYC with 8 Gbps fiber plans, pricing varies by package

Fiber-optic coverage confirmed for the building via Verizon Fios. Multiple connection types available including cable and hybrid fiber.


241 Water St, Manhattan, NYC - Transportation and Cross Streets

Public Transportation Options

241 Water Street is conveniently located near several subway lines, bus routes, and ferry services, making it highly accessible.

Subway Stations Nearby

  • Fulton Street Station (2, 3, 4, 5, A, C, J, Z, M lines) – approximately 3 to 5 minutes walking distance
  • Wall Street Station (2, 3 lines) – about 9 minutes walk
  • Brooklyn Bridge-City Hall Station (4, 5, 6 lines) – about 9 minutes walk
  • Chambers Street Station (J, Z, 2, 3, A, C lines) – 2 minutes walk

Bus Routes Serving Nearby Stops

  • M15, M15-SBS
  • M22
  • M103
  • QM11 and other express routes

Nearby bus stops include Pearl St/Fulton St, Water St/John St, Fdr/Beekman St, and Madison St/Catherine St, all within a few minutes' walk.

Train and Ferry Services

  • PATH train service is accessible nearby
  • Ferry services at Wall St/Pier 11, about 9 minutes walking distance

Cross Streets

241 Water Street is close to several key cross streets, including John Street, Beekman Street, Pearl Street, and Fulton Street, placing it in the heart of the South Street Seaport area of Manhattan.


Isolar Enterprises, Inc. Testimonial

To Whom It May Concern: We were very fortunate to have Stephen Sunderland as our agent when we began to look for a new office space. Steve totally understood what we were looking for and found us our new home really quickly! He did not waste our time showing us endless properties that didn't meet with our criteria. We are extremely happy here in our new office and we all found Steve to be a pleasure to deal with. I would highly recommend him to anyone who is looking for a new space in New York City. Sincerely, Eileen d' Arcy
🤝
Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
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.

Office Buildings by Class in Insurance District

Cambiar el idioma del sitio web a Español. Cambia la lingua del sito web in Italiano. Website-Sprache auf Deutsch umstellen. 将网站语言切换为中文。
Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
Find My Space!