Retrofit Atlas

Office parks · New York

25 Water St.

Imported, unreviewedRedevelopedUnder constructionNew York, NY

Office-to-housing conversion underway (1,320 units), supported by market data and nearby redevelopment activity. · summary, model-written

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Site profile8 elements · what this retrofit is built with · tap a chip for the evidence

Finance and pipeline
Retrofit in the pipelineThis site: …under construction record · all sites with this
Place
3+ other atlas sites within 10 kmThis site: 28 within 10 km computed · all sites with this
County lost 10%+ of retail establishments since 2012This site: -21% census-cbp · all sites with this
County permitting 2,000+ apartment units a yearThis site: 4,463 units, New York County census-bps · all sites with this
County typical rent $2,000+This site: $4,779/mo zillow · all sites with this
Shrinking countyThis site: -0.3% census-acs · all sites with this
Strategy
RedevelopedThis site: 1,320 apartments record · all sites with this
New use
HousingThis site: 1,320 apartments newtypes-extraction · all sites with this

All elements and lists · Trends

Now

StatusUnder constructionWikipedia
StrategyRedevelopment, under constructionWikipedia
New useshousingWikipedia
What is there now1,320 apartmentsnewtypes-extraction

Site context

Housing permits, New York County (NY), 20244,463 units in 5+ unit buildings, 4 in 2–4, 0 single-family; 2023: 3,018 in 5+Census BPS
Other atlas sites nearby28 within 10 km, 36 within 25 km: 111 Wall St. (0.3 km); 99 John Street (0.6 km); 21 West Street (0.6 km); Hudson Terminal shopping concourse (0.9 km); The Mall at the World Trade Center (0.9 km)computed
Retail trade in the county, 2012 to 20239,268 establishments (-21%); 115,257 jobs (-21%)Census CBP
Housing market in the countytypical home value $1.2M (+3% 1 yr, -10% 5 yr); typical rent $4,779/mo (+6% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)14,500 vehicles a day on MTA-I478 NB to Greenwhich St; 1,926 trucks; 40 counted segmentsFHWA HPMS

Summary, model-written

25 Water St. is an office building redeveloping to housing, currently under construction with 1,320 apartments. Permits show 4,463 units (2024) valued at $690M. Housing market data shows ZHVI $1.25M and ZORI $4,779/month (2026-09).

Why. Nearby cluster includes 28 sites within 10km, including 5 built malls/terminals within 1km. Retail establishments declined 20.7% since 2012. No developer name or completion timeline in record.

Where it stands. Status confirmed as under construction; Hudson Terminal status listed as 'unknown' in cluster. Median rent $2,132 cited but not tied to specific date.

For a planner

  • 1,320 units underway
  • ZORI $4,779/mo aligns with market
  • 28 nearby sites suggest active redevelopment

For a developer

  • $690M in 2024 permits
  • 10km cluster shows 5 built sites within 1km
  • retail decline may support housing shift

What we do not know yet

  • No developer name
  • Hudson Terminal status unknown
  • No completion date

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • 219 E. 42nd and 235 E 42nd St., New York, NY · Office parks · same strategy: redevelop; also in NY; 6 km away
  • Gowanus Canal, Brooklyn, NY · Industrial sites · same strategy: redevelop; also in NY; 8 km away
  • Albee Square Mall, Brooklyn, NY · Malls · same strategy: redevelop; also in NY; 3 km away
  • 5 Times Square, New York, NY · Office parks · same strategy: redevelop; also in NY; 6 km away

Elsewhere on the web

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Multifamily screen

  • already in play: under construction, approved, or sold to a developer with housing plans
  • median rent $2,132
  • housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

AnchorsJP Morgan Chase, Daily News, American Media
CountyNew York County
Census division2 · Mid-Atlantic
NotesDraft from nypost.com, model-extracted, unreviewed: 25 Water St., an office building opened in the 1960s, is under construction to become 1,320 apartments.

Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.

Sources

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