Avison Young, as exclusive agent, is pleased to offer for sale 279 Water Street & 16 Dover Street (the "Property") a 5,653± mixed-use building located in the South Street Seaport historic district featuring over 88 feet of frontage on the southwest corner of Water Street and Dover Street. 279 Water Street & 16 Dover Street sit on a 1,641-square-foot lot situated in a C6-2A zoning district. The Property comprises two interconnected buildings: 279 Water Street is a three-story mixed-use building and 16 Dover Street is a 5-story mixed-use walk-up building. The Property is fully vacant and is comprised of vacant ground-floor retail with residential units above ripe for redevelopment. 279 Water Street & 16 Dover Street is a prominent, historic building located in the one-of-a-kind South Street Seaport district in downtown Manhattan. The building was famously home to the Bridge Café. While operating under a variety of names throughout its existence, the Bridge Café originally opened in 1794 and was the city's oldest continuous business establishment until its closure in 2012 due to the floods caused by Hurricane Sandy. The Bridge Café was the favorite restaurant of many New Yorkers, including Mayor Edward Koch, many of whom are eager to see 279 Water Street return to its former glory. The Seaport district boasts a thriving community of young business professionals, with a wealth of restaurants and retail stores lining the streets. It is widely regarded as one of Manhattan's most desirable neighborhoods, an oasis just steps from the hustle and bustle of Wall Street. The neighborhood further benefits from the newly established Pier 17 and the new Jean George Tin Building as well as the historic cobblestone streets, informative South Street Seaport Museum as well as multiple playgrounds/pavilions scattered throughout, all easily accessed via multiple transportation options including an array of subway lines and the City's expansive ferry system. The Property is surrounded by several residential developments and conversion projects, which will bring a surplus of families to the neighborhood. Directly across the street from the property will soon be Gotham Park, a beautiful new 9-acre park opening under the Manhattan part of the Brooklyn Bridge. The nine acres from Park Row to South Street will comprise six distinct outdoor areas, providing a diversity of experiences responding to the specific character of each place. The Gotham Park organization said they will, "We will transform it into a neighborhood nexus connecting and strengthening our residents, businesses and communities. Built upon the spirit and foundation of the original Brooklyn Banks, we will restore the Banks while expanding public space and access to create a variety of flexible play spaces that inspire, engage and delight all ages." Transportation accessibility is a significant advantage of this Property as it conveniently sits a short walk away from the Fulton Street Subway Station that boasts an average daily ridership of over 300,000. The Property is just a 5-minute walk to the Fulton Street Subway Station, which is serviced by the 4, 5, J, Z, 2, and 3 line, and there are multiple Citi Bike stations are in the vicinity, catering to alternative transportation needs. For those requiring automobile access, both the West Side Highway and the FDR Drive can be easily reached within a short driving distance. 279 Water Street and 16 Dover Street present an exceptional investment or end-user opportunity to reimagine one of New York City's most historic restaurants and recapture valuable vacant residential space in one of New York's most iconic neighborhoods.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
