130 Water Street
Analysis
The building offers scale and no current enforcement penalties, but its over‑built status, open violations, and lack of a verifiable market sale create moderate risk for investors.
The good
- 1418 residential units provide a large rental pool
- 38 floors and 986,326 sq ft of building area indicate substantial capacity
- 0 enforcement penalties and no legal proceedings reduce immediate financial risk
- property is not on a tax‑lien sale list
The bad
- Built beyond the residential floor‑area limit (over‑built for residential use)
- 5 open violations remain unresolved
- No arms‑length sale recorded, and market value on record is 0, limiting price transparency
- Over‑built status restricts future expansion or additional residential units
Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.
What the numbers say
Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.
Already larger than residential zoning would allow
The building occupies a floor-area ratio of 20.15, against a residential limit of 10.00 — it is over that limit by 10.15. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.
A light open-violation load
Only 5 violations are currently open across 1,418 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
Development & zoning
Floor-area ratio
| Built | 20.15 |
|---|---|
| Residential limit | 10.00 |
| Commercial limit | 15.00 |
| Community-facility limit | 15.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 15.00 |
|---|---|
| Unused ratio | -5.15 |
| Unused buildable area | — |
| Lot area | 48,946 sq ft |
Value & taxes
Assessment
| Assessed total | $146,684,250 |
|---|---|
| Assessed land | $25,425,000 |
| Assessed building | $121,259,250 |
| Market value on record | $0 |
| Assessed as % of market | — |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $0 |
| Tax rate | 12.502% |
| Estimated annual levy | — |
The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.
Building & occupancy
Structure
| Year built | 1961 |
|---|---|
| Floors | 38 |
| Building area | 986,326 sq ft |
| Residential area | 695,940 sq ft |
| Commercial area | 290,386 sq ft |
Occupancy
| Ownership | Condominium |
|---|---|
| Total units | 1,453 |
| Residential units | 1,418 |
| Residential Avg unit size | 491 sq ft (calculated) |
| Commercial Avg unit size | 8,297 sq ft (calculated) |
| Building class | RM |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Wall St (2, 3) — 0.13 mi |
|---|---|
| School district | 2 |
| Police precinct | 1 |
| Nearest firehouse | Engine 4/Ladder 15 — 42 South Street |
Location risk
| Flood zone | High-risk (Zone AE) |
|---|---|
| Hurricane evacuation zone | Zone 1 |
| Projected floodplain | In the projected 2050s floodplain |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 130 Water Street, 3c | 2025-10-22 | $615,000 | — | — |
| 130 Water Street, 4k | 2025-03-10 | $550,000 | — | — |
| 164 Pearl Street, 5h | 2025-02-14 | $470,000 | — | — |
| 130 Water Street, 8b | 2025-01-31 | $1,190,000 | — | — |
| 130 Water Street, 11h | 2024-12-31 | $625,000 | — | — |
| 110 Maiden Lane | 2024-09-06 | $160,000,000 | 1,104,184 | $145 |
| 164 Pearl Street, 4j | 2024-01-02 | $467,500 | — | — |
| 164 Pearl Street, 5l | 2023-07-06 | $735,000 | — | — |
Record activity
Compliance calculated
| Open violations | 5 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | — |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 16 |
|---|---|
| Permits / alterations | 260 |
| Recorded documents | 0 |
| Legal proceedings | 0 |
Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.
Ownership & last recorded sale
Owner of record
| Owner | Pine Re LLC |
|---|---|
| Parcel | 1000397502 |
| Block | 39 |
| Lot | 7502 |
Last recorded transfer
| Date | — |
|---|---|
| Recorded price | — |
| Price per unit | Not meaningful |
| Price vs assessed | Not meaningful |
Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.
Open violations
Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.
| Issued | Category | Class | Status | Amount due | Description |
|---|---|---|---|---|---|
| 23 Oct 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction |
| 23 Oct 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction |
| 23 Oct 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction |
| 23 Oct 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Affirmation of Correction |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Report |
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
| Date | Problem | Type | Status | Closed |
|---|---|---|---|---|
| 2 Aug 2026 | Construction | Noise | Closed | 9 Aug 2026 |
| 23 Jul 2026 | No Parking, Standing, Stopping | Street Sign - Dangling | Closed | 29 Jul 2026 |
| 22 Jul 2026 | Rodents/Insects/Garbage | Food Establishment | In Progress | — |
| 16 Jul 2026 | Blocked - Construction | Sidewalk Condition | Closed | 16 Jul 2026 |
| 21 Jun 2026 | Non-Chronic | Homeless Person Assistance | Closed | 21 Jun 2026 |
| 13 Jun 2026 | Restaurant | Consumer Complaint | Closed | 17 Jul 2026 |
| 11 Jun 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 11 Jun 2026 |
| 11 Jun 2026 | Bodega, Deli, or Convenience Store | Consumer Complaint | Closed | 17 Jul 2026 |
| 26 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 26 May 2026 |
| 21 May 2026 | Garbage or Litter | Maintenance or Facility | Closed | 21 May 2026 |
| 19 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 19 May 2026 |
| 29 Apr 2026 | Non-Chronic | Homeless Person Assistance | Closed | 29 Apr 2026 |
| 27 Apr 2026 | Garage or Parking Lot | Consumer Complaint | Closed | 1 Jun 2026 |
| 14 Apr 2026 | Blocked - Construction | Street Condition | Closed | 16 Apr 2026 |
| 16 Mar 2026 | Banging/Pounding | Noise - Commercial | Closed | 16 Mar 2026 |
| 9 Mar 2026 | Food Vendor | Vendor Enforcement | Closed | 9 Mar 2026 |
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
| Issued | Type | Status | Work |
|---|---|---|---|
| 1 Jun 2026 | General Construction | Permit Issued | INTERIOR RENOVATION OF OFFICE SPACE ON THE 31ST FLOOR PER PLANS FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY |
| 5 May 2026 | Sprinklers | Permit Issued | Demolition of existing sprinkler systems and replacement with TCSP at floors 9 and 12. PAA submitted to reduce scope to only floors 9 and 12 |
| 9 Feb 2026 | Plumbing | Signed-off | PLUMBING FIXTURE REMOVAL AND REPLACEMENT IN KIND FOR FLOORS 2-17 |
| 30 May 2025 | Structural | Permit Issued | Structural work for Alt CO as per plans filed |
| 9 Apr 2025 | Construction Fence | Permit Issued | INSTALLATION OF TEMPORARY CONSTRUCTION FENCE AS PER PLAN. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 5 Mar 2025 | Structural | Permit Issued | Structural modifications on floors 2-11 as per plans filed |
| 4 Mar 2025 | Mechanical Systems | Permit Issued | MECHANICAL WORK IN CONJUNCTION WITH ALT CO AS PER PLANS FILED FOR FLOORS 2-17 |
| 18 Feb 2025 | Mechanical Systems | Permit Issued | HVAC DUCTWORK UPDATES FOR FLOORS 8-15 |
| 21 Jan 2025 | Construction Fence | Permit Issued | INSTALLATION OF 300PSF SIDEWALK SHED AND CONSTRUCTION FENCE AS PER PLANS. ALL EQUIPMENT SHALL COMPLY WITH THE CHAPTER #33 OF THE NYC CODE 2022, NO CHANGES IN EGRESS OR OCCUPANCY |
| 18 Nov 2024 | General Construction | Signed-off | Proposed interior demolition of existing non-structural interior partitions of existing office building as per plan. No change of use, egress and occupancy |
| 10 Jun 2024 | General Construction | Permit Issued | Removal and installation of interior non bearing partitions and related finishes as per plans filed herewith. No change in use, egress or occupancy |
| 16 Jun 2023 | Structural | Signed-off | Structural work in relation to the Interior renovation existing space as shown on plans submitted herewith. No change in use, egress or occupancy |
| 14 Apr 2023 | Plumbing | Signed-off | Plumbing work in relation to the Interior renovation existing space as shown on drawings submitted herewith. No change in use, egress or occupancy |
| 16 Feb 2023 | Protection and Mechanical Methods | Signed-off | INSTALLATION OF RAILING PROTECTION AS PER PLANS. RAILING PROTECTION SHALL COMPLY WITH CHAPTER #33 OF THE NYC CODE 2022. NO CHANGE INUSE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION |
| 22 Dec 2022 | Plumbing | Signed-off | FILING FOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH Eleftorakis, Eleftorakis, & Panek 36TH FLOOR OFFICE AS PER PLANS SUBMITTED HEREWITH |
| 22 Dec 2022 | Structural | Signed-off | Structural work as shown on plans. Work to include install supplementary steel to support new guardrail and slab work |
| 22 Dec 2022 | General Construction | Signed-off | Architectural alteration work for an office fitout on the 20th floor as shown on plans. Work to include interior renovation |
| 22 Dec 2022 | Structural | Signed-off | Structural alteration work for an office fitout on the 20th floor as shown on plans. Work to include interior renovation |
| 21 Dec 2022 | Sprinklers | Signed-off | Sprinkler work as shown on plans filed herewith |
| 21 Dec 2022 | Mechanical Systems | Signed-off | Mechanical work as shown on plans filed herewith |
| 21 Dec 2022 | Plumbing | Signed-off | Plumbing work as shown on plans |
| 7 Dec 2022 | Sidewalk Shed | Signed-off | INSTALLATION OF 300 psf SIDEWALK SHED AS PER PLANS. SIDEWALK SHED SHALL COMPLY WITH CHAPTER #33 OF THE NYC CODE. NO CHANGE INUSE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION |
| 1 Dec 2022 | General Construction | Signed-off | FILING FOR INTERIOR RENOVATION OF 36TH FLOOR Eleftorakis, Eleftorakis, & Panek OFFICE AS PER PLANS SUBMITTED HEREWITH. NO CHANGE TO USE, EGRESS, OR OCCUPANCY |
| 30 Nov 2022 | Mechanical Systems | Signed-off | FILING FOR MECHANICAL WORK ASSOCIATED WITH Eleftorakis, Eleftorakis, & Panek 36TH FLOOR OFFICE AS PER PLANS SUBMITTED HEREWITH |
| 27 Oct 2022 | Sign | Signed-off | NON-ILLUMINATED NON-ADVERTISING DOUBLE-FACE PROJECTING ACCESSORY SIGN - AMAZON GO. NO CHANGE OF USE, EGRESS OR OCCUPANCY |
| 12 Sep 2022 | Standpipe | Signed-off | Standpipe work as shown plans |
| 18 Aug 2022 | Sidewalk Shed | Signed-off | INSTALLATION OF 300 psf SIDEWALK SHED AS PER PLANS. SIDEWALK SHED SHALL COMPLY WITH CHAPTER #33 OF THE 2014 CODE. NO CHANGE INUSE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION |
| 26 Jul 2022 | General Construction | Signed-off | Terrace work as shown on the plans |
| 25 Jul 2022 | Structural | Signed-off | INSTALLATION OF STRUCTURAL FRAMING TO SUPORT NEW STAIR. INSTALL STRUCTURAL STEEL REINFORCEMENT FOR INCREASED LIVE LOAD, STONE PAVERS AND PLANTING. INSTALL SUPPLEMENTARY STEEL TO SUPPORT NEW GUARDRAIL ALONG PERIMETER |
| 20 May 2022 | Structural | Signed-off | FILING FOR STRUCTURAL WORK ON 21ST & 22ND FLOORS ASSOCIATED WITH FOLDING PARTITION ON 21ST FLOOR INFOPRO OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 19 May 2022 | General Construction | Signed-off | Minor exterior work as shown on plans filed herewith |
| 9 May 2022 | General Construction | Permit Issued | Minor general construction associated with a new eating and drinking establishment on the 22nd floor, and accessory terrace on the 23rd floor. Most buildout work filed under related alteration 2 applications |
| 28 Apr 2022 | Plumbing | Signed-off | Plumbing work as shown on plans |
| 27 Apr 2022 | Sprinklers | Signed-off | Sprinkler work as shown on plans |
| 22 Apr 2022 | Sprinklers | Signed-off | FILING FOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH INTERIOR RENOVATION OF 21ST FLOOR INFOPRO OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 22 Apr 2022 | Plumbing | Signed-off | Plumbing work in conjunction with office renovation on 31st floor |
| 22 Apr 2022 | Plumbing | Signed-off | FILING FOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH INTERIOR RENOVATION OF 26TH FLOOR 'ACCUWEATHER' OFFICE AS PER PLANS SUBMITTED HEREWITH |
| 22 Apr 2022 | Mechanical Systems | Signed-off | Mechanical work in conjunction with office renovation on 31st floor |
| 21 Apr 2022 | Plumbing | Signed-off | FILING FOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH INTERIOR RENOVATION OF THE 21ST FLOOR PREBUILT OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 21 Apr 2022 | Sprinklers | Signed-off | Sprinkler work in conjunction with office renovation on 31st floor |
| 20 Apr 2022 | General Construction | Signed-off | FILING FOR INTERIOR RENO OF THE 26TH FLOOR ACCUWEATHER OFFICE SPACE AS PER PLAN SUBMITTED HEREWITH |
| 19 Apr 2022 | General Construction | Signed-off | FILING FOR INTERIOR RENO OF 21ST FLOOR PRE BUILT OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 19 Apr 2022 | Mechanical Systems | Signed-off | FILING FOR MECHANICAL WORK ASSOCIATED WITH INTERIOR RENOVATION OF 21ST FLOOR SPACE FOR INFOPRO OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 18 Apr 2022 | General Construction | Signed-off | General construction as shown on the plans |
| 13 Apr 2022 | General Construction | Signed-off | Interior renovation of existing 31st floor office. No change to egress, use, or occupancy |
| 8 Apr 2022 | Sprinklers | Signed-off | FILING FOR MINOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH INTERIOR RENOVATION OF 30TH FLOOR JANUARY DIGITAL OFFICE SPACE AS PER PLANS SUBMITTED HEREWITH |
| 23 Mar 2022 | Plumbing | Signed-off | Plumbing work as shown on plans |
| 23 Mar 2022 | Sprinklers | Signed-off | Sprinkler system modification as shown on plans filed herewith |
| 7 Mar 2022 | Mechanical Systems | Signed-off | Mechanical demolition work as shown on plans filed herewith |
| 25 Feb 2022 | Plumbing | Signed-off | FILING FOR PLUMBING AND SPRINKLER WORK ASSOCIATED WITH INTERIOR RENOVATION OF 21ST FLOOR CUREMD OFFICE AS PER PLANS SUBMITTED HEREWITH |
Showing the 50 most recent of 150. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 1 day ago. Coverage on this parcel: 13 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.
This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.