Republic Point$61.50 – $74.87/SF/yr FS
1348 Water St
322,200 SF office building at 1348 Water St, New York, NY 10016. For Sale through the owner.
For SaleStatus
$91.73/SFAsking rent
$159.62MAsking price
4.96%Cap rate
1947Year built
BClass
Property facts
| Property type | Office |
|---|---|
| Building class | B |
| Rentable area | 322,200 SF |
| Stories | 23 |
| Year built | 1947 |
| Renovated | 2007 |
| Typical floor | 14,008 SF |
| Lot size | 1.83 acres |
| Parking ratio | 1.9/1,000 SF |
| Occupancy | 100.0% |
| Zoning | O-2 |
| Parcel ID | 81-389-7261 |
| Submarket | Murray Hill |
| Market | New York City |
| Walk Score | 61 |
| Transit | Metro 2 min walk |
| Listing package | Basic |
Building amenities
Bike Storage, 24 Hour Access, EV Charging
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Trinity Freight | Insurance | 2 | 86,870 | 2024-07-01 |
| Silverpoint Advisors | Engineering | 10 | 93,360 | 2024-02-01 |
| Bluebonnet Insurance | Financial Services | 10 | 52,000 | 2032-06-01 |
| Prairie Energy Services | Healthcare | 16 | 6,750 | 2033-11-01 |
| Trinity Freight | Professional Services | 1 | 83,220 | 2033-12-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-09-24 | $211.4M | $656.12 | 6.88% | Potomac Realty Trust | Halcyon Property Trust |
| 2024-03-23 | $87.26M | $270.82 | 7.76% | Vantage Point Capital | Halcyon Property Trust |
| 2021-05-02 | $111.94M | $347.42 | 8.41% | Zenith Real Estate | James River Properties |
Public record
| Owner of record | Lakeshore Realty Trust |
|---|---|
| Assessed value | $79.41M |
| Land value | $12.85M |
| Improvement value | $66.56M |
| Annual tax | $1.32M |
| Tax year | 2026 |
| Lot size | 79,714 SF |
| Last deed | 2018-01-02 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 18 BLK 21 MURRAY HILL ADDN |
Location
1348 Water St
New York, NY 10016
Murray Hill submarket · New York City market
40.74651, -73.97220
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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