Office condominium · Westchester Square, Bronx
1250 Waters Place
Bronx, NY 10461
1250 Waters Place is a 13-floor office condominium in Westchester Square, Bronx, built in 2007, with about 538,000 square feet of office space according to city records.
Also at 1780 Eastchester Road and 200 Marconi Street.
- Office space
- 538K SF
- Floors
- 13
- Year built
- 2007
- Zoning
- M1-1
The largest of the 9 office buildings we track in Westchester Square. Compare it with 6 neighbors
No space at 1250 Waters Place is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Westchester Square and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 1250 Waters Place compares
Next to the 6 nearest large office buildings, all within a 19 minute walk, 1250 Waters Place is the largest by office floor area. It went up in 2007; the median neighbor dates from 1973. Its estimated property tax, about $3.26 a square foot of floor area before abatements, is below the neighbors' median of $9.22.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1250 Waters Place | 538K SF | 13 | 2007 | $3.26 | n/a |
| 1200 Waters Place | 421K SF | 4 | 1974 | $8.83 | n/a |
| 1776 Eastchester Road | 173K SF | 8 | 1966 | $8.88 | n/a |
| 1695 Eastchester Road | 81K SF | 6 | 1990 | $11.43 | n/a |
| 3250 Westchester Avenue | 66K SF | 2 | 1954 | $11.41 | Mar 2023, $57M (3 lots) |
| 3651 Bruckner Boulevard | 86K SF | 7 | 2020 | $9.57 | Mar 2023, $57M (3 lots) |
| 2510 Westchester Avenue | 59K SF | 3 | 1972 | $7.94 | Dec 2008, $5.5M |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 1780 Eastchester Road; 200 Marconi Street
- ZIP code
- 10461
- Building type
- Office condominium (city class RB)
- Total floor area
- 743,316 SF
- Commercial floor area
- 743,316 SF
- Office
- 537,556 SF
- Height
- 13 floors
- Average floor
- About 57,200 SF (floor area divided by floors)
- Year built
- 2007
- Last major alteration
- 2016
- Lot area
- 121,864 SF
- Zoning district
- M1-1
- Built FAR
- 6.1
- Max commercial FAR
- 1
- Tax lot (BBL)
- 2042267501
Nearest subway
- Buhre Av
- Pelham Bay Park
- Middletown Rd
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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
1250 Waters Place is a condominium of 2 tax lots. HUTCH TOWER ONE LLC, one of 2 owners of record on the roll, owns the units that make up 51% of its market value. For tax year 2026/27 the city values 1250 Waters Place at $155.3 million and assesses it at $69.9 million. After phase-ins and exemptions its taxable value is $22.3 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 $2.42 million a year before abatements, roughly $3.26 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
- HUTCH TOWER ONE LLC (51% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $155,276,000
- Land market value
- $4,264,000
- Assessed value
- $69,874,200
- Taxable value (phased in)
- $65,730,150
- Exemptions
- $43,382,466
- Estimated yearly tax
- About $2.42 million
- Tax per SF of floor area
- About $3.26
- Condominium tax lots
- 2
- Owners of record
- 2
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; 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.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
1250 Waters Place's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 197.7 kBtu per square foot. Its greenhouse gas emissions were about 10,465 metric tons of CO2e (17.46 kg per square foot). The filing covers 3 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Parking
- Site energy use intensity
- 197.7 kBtu/SF
- Greenhouse gas emissions
- 10,465 t CO2e
- Emissions per SF
- 17.46 kg CO2e
- Floor area in the filing
- 1,430,605 SF
- Tax lots in the filing
- 3
Energy sources in 2024
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, one filing for 3 tax lots), pulled 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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 2 jobs at 1250 Waters Place. In the last two years, interior work was permitted on 4 floors (floors 1, 2, 4 and 6). The newest build-out, on floor 6, was first permitted in January 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $200 million).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 8
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1, 2, 4 and 6
Recent build-outs
New jobs by year
Build-outs across Westchester SquareWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
Questions about 1250 Waters Place
How big is 1250 Waters Place?
1250 Waters Place has about 743,000 square feet of floor area in total, including 538,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1250 Waters Place built?
City records list 2007 as the year built, with a major alteration recorded in 2016. The building is 13 floors tall.
What other addresses does 1250 Waters Place have?
City records list 1780 Eastchester Road and 200 Marconi Street on the same tax lot (BBL 2042267501) as 1250 Waters Place. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1250 Waters Place?
1250 Waters Place is in ZIP code 10461, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1250 Waters Place, Bronx, NY 10461, in Westchester Square.
What is the zoning at 1250 Waters Place?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.1 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 1250 Waters Place?
The closest subway station to 1250 Waters Place is Buhre Av (the 6 train), about 0.5 miles away in a straight line, roughly 11 minutes on foot. Also nearby: Pelham Bay Park (the 6 train), 11 min walk; Middletown Rd (the 6 train), 13 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1250 Waters Place?
1250 Waters Place is a condominium of 2 tax lots. HUTCH TOWER ONE LLC, one of 2 owners of record on the roll, owns the units that make up 51% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 2042267501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 1250 Waters Place have an energy grade?
1250 Waters Place's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 197.7 kBtu per square foot. Its greenhouse gas emissions were about 10,465 metric tons of CO2e (17.46 kg per square foot). The filing covers 3 tax lots together, so these figures are for the whole property.
Is there construction at 1250 Waters Place?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 1250 Waters Place. In the last two years, interior work was permitted on 4 floors (floors 1, 2, 4 and 6). The newest build-out, on floor 6, was first permitted in January 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $200 million). These are the Department of Buildings' DOB NOW work permits for tax lot 2042267501. 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 1250 Waters Place?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.3 million for 1250 Waters Place (the sum of its 2 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 $2.42 million a year, roughly $3.26 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2042267501 show the actual bill.
What is the assessed value of 1250 Waters Place?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1250 Waters Place at $155.3 million ($4.26 million of it land) and its assessed value at $69.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 5% from 2022/23 ($163.5 million) to 2026/27.
Is there office space for lease at 1250 Waters Place?
No space at 1250 Waters Place 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.
1,935 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Westchester Square
Transit hubs in Westchester Square
- 6 at Westchester Sq-E Tremont Av
- 6 at Zerega Av
- 6 at Buhre Av