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264 Water St #Pha, New York, NY, 10038

2beds
2baths
1,233sqft
$1,250,000
$1,014price/sqft
$7,551/moest. monthly cost
$302,040/yrincome needed

About This Home

*Penthouse Loft with Iconic Brooklyn Bridge Views & Over 700 SF of Private Outdoor Space* Perched atop The Walton, this exceptional one-bedroom, two-bathroom penthouse offers a rare opportunity to own a true loft residence with over 1,200 square feet of interior space and more than 700 square feet of private outdoor terraces, all framed by spectacular views of the Brooklyn Bridge. Expansive oversized windows flood the home with natural light, showcasing the dramatic scale of the living spaces and providing captivating bridge views from both the living room and the primary bedroom. The thoughtfully designed open layout seamlessly connects the living, dining, and kitchen areas, creating an ideal setting for entertaining as well as comfortable everyday living. Classic loft character is preserved through soaring ceilings, exposed beams, and rich hardwood floors, while modern updates add comfort and sophistication throughout. The result is a home that blends historic charm with contemporary design in one of Downtown Manhattan's most distinctive neighborhoods. Located within The Walton, an intimate seven-story boutique condominium, residents enjoy the character of a historic cast-iron building paired with the privacy of a boutique collection of homes. Just outside your door, the South Street Seaport offers waterfront parks, cobblestone streets, acclaimed restaurants, boutique shopping, and easy access to the Fulton Transit Center. A true penthouse retreat, this home combines expansive indoor-outdoor living, timeless loft architecture, and unforgettable Brooklyn Bridge views in one of Manhattan's most vibrant and historic waterfront neighborhoods.

Getting Around

98
WalkingWalker's Paradise
100
TransitRider's Paradise
89
BikeVery Bikeable

Schools

8/10
Peck Slip School (The)Grades PK-50.0 mi
8/10
Jhs 104 Simon BaruchGrades 6-82.2 mi
4/10

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 1,233
  • Total interior livable area: 1,233 sqft

Property

Details

  • Parcel number: 001061324
  • Special condition: Resale

Features

  • Patio & porch: Deck,Terrace
  • Exterior features: Private Roof Deck,Terrace
  • Has view: Yes
  • View description: City,Skyline,Water
  • Has water view: Yes
  • Water view: Water

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Coastal Flooding
Cold Wave
Earthquake
Hurricane
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,320$75,840
Home Insurance *$246$2,952
Property Taxes $739$8,868
Electricity $246$2,954
Total$7,551$90,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$258,891/yr
40% on housing$226,530/yr
45% on housing$201,360/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,014This listing

vs Other Active Listings

Avg $/sqft

ZIP 10038$1,295
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10038$1,179
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-02Price change$7,995
2026-07-29Listed for sale$1,250,000
2026-07-17Listed for rent$8,750
2026-04-28Listing removed$1,575,000
2026-03-25Listing removed$9,000
2026-03-20Listed for rent$9,000
2026-03-06Listing removed$9,000
2026-03-05Listed for rent$9,000
2026-01-13Price change$1,575,000
2025-11-19Price change$1,600,000
2025-10-14Listed for sale$1,695,000
2014-11-06Sold$1,552,831

For Sale by Agent

AgentMichael Pinchasick
BrokerageCorcoran

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