130 Water Street

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130 Water Street, New York, NY

130 Water Street
130-Water-Street-NYC-Exterior.jpg

130 Water Street - Exterior
Building Information
Developer Henry George Greene
Architect Henry George Greene
Number of Units 121
Number of Floors 12
Year Built 1955
Construction Method Concrete
Type of Roof PMR
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130 Water Street, New York, NY
Distance to Public Transit Less than one block
Region New York City
Municipality New York City
Zoning C5-5
Title of Land Condominium


Contents

Background

Emery Roth's 1971 Financial District building at 127 John Street, converted to condos in the early 1990s.
The AIG Building at 70 Pine, an Art Deco tower originally built in 1932, and a "forgotten beauty" of the Financial District.


Just a block away from Wall Street, 130 Water went up in 1955 as an office building. Foreshadowing the commercial real estate depression of the early 1990s, developers converted the building to condominiums in 1983.

Interestingly, that real estate depression led to many such conversions in the heart of New York City’s Financial District (FiDi) – an area known for some of the city’s, and perhaps the world’s, most unique modern architecture.

By fortunate misfortune, residents in the area can now live in inspiring grand buildings that were originally meant to stand for the power and progress of New York finance. 130 Water may not be one of the grandest of the conversions, but as one of the first it still carries some cachet.

Nearby, at 127 John Street, a striking 1971 concrete and glass building by Emery Roth and Sons is another landmark condominium conversion in the Financial District, and the neighborhood is also home to architectural glories like the Art Deco tower at 70 Pine.[1]


Location

As mentioned, the commercial real estate depression of the early 1990s led to the conversion of several FiDi office buildings into residential condominiums. With those condominiums came some excellent restaurants and boutique shops – including the 1998 reopening of the famous Delmonico’s only minutes from 130 Water Street itself.

So, somewhat unexpectedly, the FiDi has also become the home of some of New York’s finest restaurants.

Though 130 Water is a few blocks away from the nearest subway station, there are buses within easy walking distance along Water Street proper. Add to that more than 40 other public transit options, and 130 Water Street turns out to be very well connected to the rest of New York.

Some also say that Water Street is “a walker’s paradise” since Lower Manhattan’s canyons make for “the world’s most spectacular urban environment”.[2]

Construction

A cutaway of 130 Water Street's post-condo-conversion promenade lobby.

At 12 stories high, with 121 units, 130 Water Street is a modest mid-rise concrete building in post-war architectural style. Finished in white brick, the building also features continuous bands of windows, several set back sections, and a number of small balconies. The building’s 1983 conversion was completed with the introduction of a common rooftop deck and a unique promenade-style lobby.

The lobby, in particular, stays in keeping with the building's original design limitations. During the conversion, there was little room to include a more traditional high ceilinged lobby. Rather than build upward, designers elected to build backward using distance, rather than height, to create elegance.

Layout and Features

There are relatively few condominium developments in New York (or anywhere else) that offer a full spectrum of apartment sizes - from studio, to three bedroom, to duplex. 130 Water Street boasts that spectrum. See the Floor Plans section of the article for an example of each configuration.

It's also worth noting that the irregular street pattern in the area is reflected in some interestingly angled walls in the units themselves, and the building's original use as office space makes for some particularly compartmentalized suites. Whether this is preferable to more open concept living is up to the individual buyer.

Apart from the physical configurations of the units, their floors are finished in hardwood. Kitchens feature solid wood cabinetry and polished stone worktops. Bathrooms are tiled in porcelain.

Floor Plans

A selection of 130 Water Street's unique floor plans:

Amenities

Inside 130 Water's front entrance.
The lobby.

Amenities at 130 Water Street include:

  • Concierge
  • Laundry facilities
  • Common roof deck
  • Basement storage

Bylaws

130 Water Street Bylaws
Rentals Yes
Pets No
Age No


  • 130 Water Street does not allow pets.
  • There are no age restrictions on tenancy.
  • Suites may be rented, or purchased.

Sustainability

130 Water Street was originally erected in 1955, long before issues of sustainability and environmental impact were of any real concern to most New Yorkers. That said, the building's 1983 redevelopment allowed for some substantial improvements in that regard, and current residents are continually working to take those improvements even further.

The inclusion of a common roof deck means 130 Water's existing roof structure was upgraded to a PMR, or Permanent Roof Membrane. This means better insulation and heat management. In addition, the single pane windows that would have been part of the original structure were upgraded and sealed to meet modern environmental standards. Several newly renovated suites also feature modern low flow/low energy appliances with Energy Star ratings.

130 Water Street, and its residents, are making small but constant efforts to improve the building's overall sustainability and environmental impact. Combine those efforts with 130 Water's convenient proximity to more than 40 public transit routes, and individual residents can certainly decide to go as green as they like, at home and outside.[3]

Trivia

Fraunces Tavern.
  • One block away from 130 Water Street is Fraunces Tavern on Pearl. Etienne DeLancey, a leader in the early Province of New York, built the current structure as his house in 1719. In 1768, the New York Chamber of Commerce was founded at a meeting there, and when the Province of New York became the City of New York, what is now Fraunces Tavern served as NYC's first City Hall.
  • Pearl Street was also the site of Thomas Edison's first power plant, the aptly named Pearl Street Station.
  • Water Street, of course, takes its name from its relative proximity to the East River. Less predictably, Pearl Street also has its roots in the water. Pearl Street is an anglicized version of the original Dutch Paerlstraet, so named by New York's early Dutch population for the number of oysters they could find in the river.[4]


References

  1. City Realty
  2. Carter Horsley - City Realty
  3. Energy Star Online
  4. Pearl Street on Wikipedia


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