NYC property data › Manhattan › Lower East Side & Chinatown › 621 Water Street

621 Water Street

Lower East Side & Chinatown, Manhattan · Public facilities & institutions · BBL 1002440040

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129Units (124 residential)
5Floors
60,417Building sq ft
16,665Lot sq ft
1898Year built
R7-2Zoning
3.63 of 6.50Built FAR
$82K · 2012Last sale
11DOB permits
131Open violations

Who owns this building?

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Sales history

RecordedDocumentAmount
2012-06-14Deed$81,805
1992-10-30Deednot recorded
1991-06-21Deednot recorded
1989-12-14Deednot recorded
1986-12-30Deednot recorded

Source: NYC ACRIS. A $0 amount means the deed records no consideration — common on estate, correction and in-family transfers, and not a sale price of zero.

Recent DOB permits

IssuedTypeWork
2026-06-17Renewal Permit with ChangesSidewalk Shed
2026-03-25Initial PermitSidewalk Shed
2025-08-08Renewal Permit Without ChangesSidewalk Shed
2024-08-15Renewal Permit Without ChangesSidewalk Shed
2023-10-31Initial PermitAntenna

Source: DOB NOW approved permits, which covers 2017 onward. 11 permits on file for this lot.

Open HPD violations

ClassOpenMost recent
Class B (hazardous)502026-07-09
Class C (immediately hazardous)812026-07-02

Source: HPD open violations, classes B and C. A violation stays open until HPD certifies the correction, so an old date does not mean the condition persists today.

Motivated-Seller Score

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Owner debt & loan position

The most recent open mortgage recorded against this lot, when it was recorded, and how far into its term it is.

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Who finances deals like this

The lenders with the most recorded special purpose mortgages in Manhattan since 2021, from public ACRIS filings.

  1. S3 Re Edgecombe Funding LLC — 3 loans, typically $3.24M–$71.85M
  2. Msd Rcof Partners Cxxxviii, LLC — 3 loans, typically $14.95M–$45.08M
  3. Nonprofit Finance Fund — 4 loans, typically $555K–$1.52M
  4. Amfirst Life Insurance Company I.i. For The — 2 loans, typically $4.17M–$36.58M
  5. Mizuho Capital Markets LLC — 2 loans, typically $2.98M–$13.09M
Match this deal to 108 lenders

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Recent sales in Lower East Side & Chinatown

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Compiled from NYC Open Data: PLUTO (lot and building attributes), ACRIS (deeds and mortgages), DOB NOW (permits) and HPD (violations). Public record, presented as recorded; Crezly does not warrant it. BBL 1002440040 · data refreshed 2026-08-14

Development & air rights

56% Underbuilt — built floor area as a share of the estimated as-of-right maximum

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Estimated from NYC PLUTO zoning data. This is not a zoning analysis — confirm with a zoning attorney or architect before relying on it. As-of-right only: excludes bonuses, air-rights transfers and variances.