Republic Point$61.50 – $74.87/SF/yr FS
568 Water St
14,800 SF of Office space available at 568 Water St, New York, NY 10022. For Lease through Summit Advisory Group.
For LeaseStatus
14,800 SFAvailable
$86.39/SFAsking rent
1963Year built
BClass
Property facts
| Property type | Office |
|---|---|
| Building class | B |
| Rentable area | 67,600 SF |
| Available | 14,800 SF |
| Stories | 3 |
| Year built | 1963 |
| Renovated | 2006 |
| Typical floor | 22,533 SF |
| Lot size | 1.83 acres |
| Parking ratio | 3.4/1,000 SF |
| Occupancy | 78.1% |
| Zoning | LI |
| Parcel ID | 86-891-9309 |
| Submarket | Plaza District |
| Market | New York City |
| Days on market | 600 |
| Walk Score | 30 |
| Transit | DART station 4 min |
| Listing package | Diamond |
Building amenities
Restaurant, Banking, Roof Terrace, Security System, Signage
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 2nd | Coworking | Direct | 880 – 1,910 | $84.14/SF | 3-10 Years | Oct 2026 |
| P LBBY | Coworking | Direct | 12,890 | $93.39/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Northwind Logistics | Healthcare | 2 | 9,080 | 2026-11-01 |
| Halverson Engineering | Legal | 3 | 4,010 | 2031-02-01 |
| Gulf Petrochem Trading | Retail | 1 | 8,680 | 2021-12-01 |
| Brazos Energy Partners | Logistics | 3 | 14,760 | 2027-01-01 |
| Ironclad Insurance | Real Estate | 2 | 3,610 | 2032-12-01 |
| Gulf Petrochem Trading | Real Estate | 2 | 3,630 | 2022-12-01 |
| Longhorn Data Systems | Healthcare | 3 | 4,850 | 2026-10-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-02-10 | $17.83M | $263.82 | 9.10% | Fairbridge Partners | Bellhaven Properties |
| 2024-11-04 | $39.27M | $580.89 | 8.59% | Redwood Property Trust | Lone Star Property Trust |
Public record
| Owner of record | Oakridge Development LLC |
|---|---|
| Assessed value | $16.97M |
| Land value | $3.94M |
| Improvement value | $13.03M |
| Annual tax | $293K |
| Tax year | 2026 |
| Lot size | 79,714 SF |
| Last deed | 2024-03-17 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 13 BLK 92 PLAZA DISTRICT ADDN |
Location
568 Water St
New York, NY 10022
Plaza District submarket · New York City market
40.75727, -73.96719
Open in RealStarListing package
Diamond — Top placement across the network.
Top placement across search, market pages and the mobile app, full media production, machine-matched buyer targeting using transaction history, and a named marketing manager.
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