Commercial condominium · Financial District, Manhattan

One New York Plaza

1 Water Street, New York, NY 10004

One New York Plaza (1 Water Street) is a 50-floor commercial condominium in the Financial District, Manhattan, built in 1969, with about 1.8 million square feet of office space according to city records.

Also at 114-142 Broad Street, 1 New York Plaza, 13 South Street, 1-21 Water Street and 2 more.

Office space
1.8M SF
Floors
50
Year built
1969
Zoning
C5-5

Office space next to its nearest neighbors

  1. One New York PlazaThis building1.8M SF
  2. 125 Broad Street1 min walk1.1M SF
  3. 34 Whitehall Street2 min walk656K SF
  4. 33 Whitehall Street2 min walk366K SF

The 6th largest of the 106 office buildings we track in the Financial District. Compare it with 6 neighbors

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Compared with its neighbors

How One New York Plaza compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, One New York Plaza is the largest by office floor area. It went up in 1969; the median neighbor dates from 1970. Its estimated property tax, about $13.02 a square foot of floor area before abatements, is above the neighbors' median of $11.20.

One New York Plaza and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
One New York Plaza, 1 Water StreetThis building1.8M SF501969$13.02n/a
125 Broad Street1 min walk1.1M SF401970$11.00n/a
34 Whitehall Street2 min walk656K SF341970$13.06n/a
33 Whitehall Street2 min walk366K SF301986$9.32n/a
17 State Street2 min walk543K SF421987$14.28n/a
90 Broad Street2 min walk318K SF241930$9.59Jan 2014, $129M
1 Whitehall Street2 min walk308K SF211962$11.39Jul 2026, $105M
The 6th largest of the 106 office buildings we track in the Financial District: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
One New York Plaza
Other addresses
114-142 Broad Street; 1 New York Plaza; 13 South Street; 1-21 Water Street; 49-63 Whitehall Street; 54-64 Whitehall Street
ZIP code
10004
Building type
Commercial condominium (city class RC)
Total floor area
1,888,126 SF
Commercial floor area
1,888,126 SF
Office
1,848,626 SF
Retail
39,500 SF
Height
50 floors
Average floor
About 37,800 SF (floor area divided by floors)
Year built
1969
Lot area
111,382 SF
Zoning district
C5-5
Built FAR
16.95
Max commercial FAR
15
Tax lot (BBL)
1000047501

Nearest subway

  • Whitehall St-South Ferry2 min walk · Not accessible · connects to South Ferry
  • Bowling Green4 min walk · Accessible station
  • Broad St6 min walk · Not accessible

Nearby large buildings

All 8 large office buildings on Water Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name checked against Wikipedia, 1 New York Plaza; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

One New York Plaza is a condominium of 52 tax lots. ONE NY PLAZA CO LLC owns the units that make up 100% of its market value. For tax year 2026/27 the city values One New York Plaza at $539.9 million and assesses it at $242.9 million. After phase-ins and exemptions its taxable value is $226.7 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $24.6 million a year before abatements, roughly $13.02 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Largest unit owner
ONE NY PLAZA CO LLC (100% of market value)
Tax class
Class 4 (commercial and industrial)
City market value
$539,855,002
Land market value
$105,349,997
Assessed value
$242,934,758
Taxable value (phased in)
$226,699,476
Estimated yearly tax
About $24.6 million
Tax per SF of floor area
About $13.02
Condominium tax lots
52
Owners of record
1

City market value by tax year

  • 2022/23$434.3 million
  • 2023/24$498.6 million
  • 2024/25$517.2 million
  • 2025/26$528.9 million
  • 2026/27$539.9 million

Market value rose 24% from 2022/23 ($434.3 million) to 2026/27.

How the Financial District compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 52 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

One New York Plaza reported an ENERGY STAR score of 59 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 92.2 kBtu per square foot, 12% below the national median of 104.5 for a similar property. Its greenhouse gas emissions were about 21,686 metric tons of CO2e (8.53 kg per square foot).

ENERGY STAR score (2024)
59 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Office
Site energy use intensity
92.2 kBtu/SF
National median for the type
104.5 kBtu/SF
Greenhouse gas emissions
21,686 t CO2e
Emissions per SF
8.53 kg CO2e
Floor area in the filing
2,542,563 SF
ENERGY STAR certified
2017, 2018

ENERGY STAR score by year

  • 202264 (C)
  • 202366 (C)
  • 202459 (C)

Energy sources in 2024

  • Electricity55%
  • District steam39%
  • Natural gas6%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at One New York Plaza. In the last two years, interior work was permitted on 6 floors (floors 3, 9, 28, 29, 49 and 50). The newest build-out, on floors 49 and 50, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $375,000).

New jobs, last 12 months
4
Initial permits, last 12 months
7
Newest job first permitted
July 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
3, 9, 28, 29, 49 and 50
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floors 49 and 50July 2026Construction, Mechanical, Plumbing, Sprinklers; est. $375,000
  • Floor 28November 2025Construction; est. $23,000; signed off
  • Floor 9June 2025Construction, Mechanical; 2 jobs; est. $219,000; signed off
  • Floors 3 and 29February 2025Construction; est. $1,000

New jobs by year

  • 202133
  • 202227
  • 202310
  • 20246
  • 20254
  • 2026 to date3

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

No office space listed in the Financial District yet

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Questions about One New York Plaza

How big is One New York Plaza?

One New York Plaza has about 1.9 million square feet of floor area in total, including 1.8 million square feet of office and 40,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was One New York Plaza built?

City records list 1969 as the year built. The building is 50 floors tall.

What is the address of One New York Plaza?

One New York Plaza is at 1 Water Street in the Financial District, Manhattan. City records list 114-142 Broad Street, 1 New York Plaza, 13 South Street, 1-21 Water Street, 49-63 Whitehall Street and 54-64 Whitehall Street on the same tax lot (BBL 1000047501). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 1 Water Street?

1 Water Street is in ZIP code 10004, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. One New York Plaza is at 1 Water Street, New York, NY 10004, in the Financial District.

What is the zoning at One New York Plaza?

The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.95 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to One New York Plaza?

The closest subway station to One New York Plaza is Whitehall St-South Ferry (the R, W and 1 trains, connected to South Ferry), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Bowling Green (the 4 and 5 trains), 4 min walk; Broad St (the J and Z trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns One New York Plaza?

One New York Plaza is a condominium of 52 tax lots. ONE NY PLAZA CO LLC owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1000047501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

What is the energy grade of One New York Plaza?

One New York Plaza reported an ENERGY STAR score of 59 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 59 earns a C. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 92.2 kBtu per square foot, 12% below the national median of 104.5 for a similar property. Its greenhouse gas emissions were about 21,686 metric tons of CO2e (8.53 kg per square foot).

Is there construction at One New York Plaza?

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at One New York Plaza. In the last two years, interior work was permitted on 6 floors (floors 3, 9, 28, 29, 49 and 50). The newest build-out, on floors 49 and 50, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $375,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1000047501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at One New York Plaza?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $226.7 million for One New York Plaza (the sum of its 52 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $24.6 million a year, roughly $13.02 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000047501 show the actual bill.

What is the assessed value of One New York Plaza?

For tax year 2026/27, the NYC Department of Finance puts the market value of One New York Plaza at $539.9 million ($105.3 million of it land) and its assessed value at $242.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($434.3 million) to 2026/27.

Is there office space for lease at One New York Plaza?

No space at 1 Water Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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