Commercial condominium · Financial District, Manhattan

One Seaport Plaza

199 Water Street, New York, NY 10038

One Seaport Plaza (199 Water Street) is a 35-floor commercial condominium in the Financial District, Manhattan, built in 1993, with about 698,000 square feet of office space according to city records.

Also at 186-192 Front Street, 20-26 Fulton Street, 141-155 John Street, 1 Seaport Plaza and 1 more.

Office space
698K SF
Floors
35
Year built
1993
Zoning
C5-3

Office space next to its nearest neighbors

  1. One Seaport PlazaThis building698K SF
  2. 175 Water Street1 min walk456K SF
  3. 40 Fulton Street1 min walk227K SF
  4. 80 South Street2 min walk44K SF

The 32nd 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 Seaport Plaza compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, One Seaport Plaza ranks 2nd of 7 by office floor area. Built in 1993, it is the newest of them. Its estimated property tax, about $14.05 a square foot of floor area before abatements, is above the neighbors' median of $7.78.

One Seaport 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 Seaport Plaza, 199 Water StreetThis building698K SF351993$14.05n/a
175 Water Street1 min walk456K SF301983$12.93n/a
40 Fulton Street1 min walk227K SF281987$8.44Dec 2022, $101M
80 South Street2 min walk44K SF61950$7.11Mar 2016, $390M (2 lots)
111 John Street2 min walk281K SF261929$6.77n/a
125 Maiden Lane2 min walk250K SF161958$5.87n/a
Continental Center, 180 Maiden Lane3 min walk1.1M SF411982$12.13Jul 2024, $297M
The 32nd 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 Seaport Plaza
Other addresses
186-192 Front Street; 20-26 Fulton Street; 141-155 John Street; 1 Seaport Plaza; 181-199 Water Street
ZIP code
10038
Building type
Commercial condominium (city class RC)
Total floor area
744,146 SF
Commercial floor area
744,146 SF
Office
697,701 SF
Retail
46,445 SF
Height
35 floors
Average floor
About 21,300 SF (floor area divided by floors)
Year built
1993
Lot area
41,656 SF
Zoning district
C5-3
Built FAR
17.86
Max commercial FAR
15
Tax lot (BBL)
1000747501

Nearest subway

  • Fulton St4 min walk · Accessible station
  • Wall St5 min walk · Not accessible
  • Broad St7 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, One Seaport 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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 7 storefronts at One Seaport Plaza for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023.

Storefronts registered for December 31, 2025
7
Vacant that day
3
Share vacant here
42.9%
Share vacant across the Financial District
16.3%
Share vacant citywide
9.2%
Condominium tax lots that filed
1

Vacant on December 31, by year

  • 20190 of 2
  • 20202 of 4
  • 20210 of 4
  • 20220 of 4
  • 20232 of 4
  • 20242 of 4
  • 20253 of 7

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 199 Water Street? Listing it is free, and it is matched against every active requirement for retail space in the Financial District the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

One Seaport Plaza is a condominium of 36 tax lots with 3 owners of record, none holding half of its market value. For tax year 2026/27 the city values One Seaport Plaza at $218.9 million and assesses it at $98.5 million. After phase-ins and exemptions its taxable value is $96.4 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 $10.5 million a year before abatements, roughly $14.05 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.

Tax class
Class 4 (commercial and industrial)
City market value
$218,906,097
Land market value
$52,699,998
Assessed value
$98,507,750
Taxable value (phased in)
$96,407,888
Estimated yearly tax
About $10.5 million
Tax per SF of floor area
About $14.05
Condominium tax lots
36
Owners of record
3

City market value by tax year

  • 2022/23$196.1 million
  • 2023/24$216.8 million
  • 2024/25$224.9 million
  • 2025/26$214.4 million
  • 2026/27$218.9 million

Market value rose 12% from 2022/23 ($196.1 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 36 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 Seaport Plaza reported an ENERGY STAR score of 79 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 55.2 kBtu per square foot, 36% below the national median of 86.4 for a similar property. Its greenhouse gas emissions were about 5,708 metric tons of CO2e (5.69 kg per square foot).

ENERGY STAR score (2024)
79 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
55.2 kBtu/SF
National median for the type
86.4 kBtu/SF
Greenhouse gas emissions
5,708 t CO2e
Emissions per SF
5.69 kg CO2e
Floor area in the filing
1,002,836 SF
ENERGY STAR certified
2020, 2021, 2022, 2023

ENERGY STAR score by year

  • 202278 (B)
  • 202380 (B)
  • 202479 (B)

Energy sources in 2024

  • Electricity75%
  • District steam25%

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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, One Seaport Plaza comes to about 4,147 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,685 tons for 2024 to 2029 (54% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,703 tons and the same energy use counts as about 2,363 tons, still under the limit.

Period
2024 to 2029
Emissions limit
7,685 t CO2e
Estimated emissions
4,147 t CO2e
Under the limit by
3,537 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
2,703 t CO2e
Estimated emissions
2,363 t CO2e
Under the limit by
340 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 1,002,836 SF; Parking 19,490 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 199 Water Street? List a space here free and we match it against every active requirement.

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 21 jobs at One Seaport Plaza. In the last two years, interior work was permitted on 13 floors (floors 1, 4, 5, 9, 10, 12, 19, 20, 28 to 31 and 34, the cellar and the mezzanine). The newest build-out, on floor 9, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $876,000).

New jobs, last 12 months
21
Initial permits, last 12 months
25
Newest job first permitted
July 2026
Interior build-outs, last 24 months
17
Floors with interior work, last 24 months
1, 4, 5, 9, 10, 12, 19, 20, 28 to 31 and 34, cellar, mezzanine
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 9July 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $876,000
  • Floor 4June 2026Construction, Sprinklers; 2 jobs; est. $43,000
  • Floor 10June 2026Construction; est. $75,000
  • Floor 20April 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $1.4 million
  • Floor 1, cellarMarch 2026Plumbing; est. $48,000
  • Floor 1March 2026Construction, Mechanical, Sprinklers; 3 jobs; est. $1 million

The newest 6 of 17 in the last 24 months.

New jobs by year

  • 202117
  • 20220
  • 202311
  • 20241
  • 202525
  • 2026 to date21

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.

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Before you sign

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Questions about One Seaport Plaza

How big is One Seaport Plaza?

One Seaport Plaza has about 744,000 square feet of floor area in total, including 698,000 square feet of office and 46,000 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 Seaport Plaza built?

City records list 1993 as the year built. The building is 35 floors tall.

What is the address of One Seaport Plaza?

One Seaport Plaza is at 199 Water Street in the Financial District, Manhattan. City records list 186-192 Front Street, 20-26 Fulton Street, 141-155 John Street, 1 Seaport Plaza and 181-199 Water Street on the same tax lot (BBL 1000747501). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 199 Water Street?

199 Water Street is in ZIP code 10038, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. One Seaport Plaza is at 199 Water Street, New York, NY 10038, in the Financial District.

What is the zoning at One Seaport Plaza?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 17.86 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to One Seaport Plaza?

The closest subway station to One Seaport Plaza is Fulton St (the 2, 3, 4, 5, A, C, J and Z trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: Wall St (the 2 and 3 trains), 5 min walk; Broad St (the J and Z trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns One Seaport Plaza?

One Seaport Plaza is a condominium of 36 tax lots with 3 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1000747501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

What is the energy grade of One Seaport Plaza?

One Seaport Plaza reported an ENERGY STAR score of 79 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 79 earns a B. 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 55.2 kBtu per square foot, 36% below the national median of 86.4 for a similar property. Its greenhouse gas emissions were about 5,708 metric tons of CO2e (5.69 kg per square foot).

Does One Seaport Plaza meet Local Law 97?

At its 2024 energy use, One Seaport Plaza comes to about 4,147 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,685 tons for 2024 to 2029 (54% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,703 tons and the same energy use counts as about 2,363 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at One Seaport Plaza?

In the 12 months to October 2026, the Department of Buildings issued first permits for 21 jobs at One Seaport Plaza. In the last two years, interior work was permitted on 13 floors (floors 1, 4, 5, 9, 10, 12, 19, 20, 28 to 31 and 34, the cellar and the mezzanine). The newest build-out, on floor 9, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $876,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1000747501. 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 Seaport Plaza?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $96.4 million for One Seaport Plaza (the sum of its 36 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 $10.5 million a year, roughly $14.05 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000747501 show the actual bill.

What is the assessed value of One Seaport Plaza?

For tax year 2026/27, the NYC Department of Finance puts the market value of One Seaport Plaza at $218.9 million ($52.7 million of it land) and its assessed value at $98.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($196.1 million) to 2026/27.

Are there vacant storefronts at One Seaport Plaza?

Owners registered 7 storefronts at One Seaport Plaza for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at One Seaport Plaza?

No space at 199 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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