254 WATER STREET
254 WATER STREET is a Class D1 (elevator, semi-fireproof) building in Brooklyn (BBL 3000420018) built in 2002, with 26 residential units across 5 floors.
The building is in NYC community district 302, council district 33, zoning district R6B, on a 12,400-square-foot lot with a building footprint of 28,358 square feet.
The current registered owner of record per NYC PLUTO is 260 WATER ST LLC.
The most recent ACRIS deed transfer for this BBL was recorded on August 7, 2025 when WATER STREET TIC LLC; WATER STREET VENTURES LLC; WATER STREET TIC 3 LLC; WATER STREET TIC 2 LLC conveyed the property to 260 WATER ST LLC for $20.30M. The transaction was financed with a $10.15M mortgage from M & T Realty Capital Corporation.
The building is registered with NYC HPD's landlord-registration system and has no open HPD housing-maintenance code violations on record as of May 18, 2026.
Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.
Owner of record
HPD registered contacts
- Head OfficerMICHAEL ALVANDI
- Corporate OwnerWATER STREET VENTURES LLC
- Managing AgentCUR MANAGEMENT LLC
- Site ManagerYOSSI Z
Most recent deed
Recent ACRIS documents (last 5)
Building stats
- Zoning:
- R6B
- Lot size:
- 12,400 sqft
- Building area:
- 28,358 sqft
- Floors:
- 5
- Assessed value:
- $2.1M
- Community district:
- 302
- Council district:
- 33
HPD violations
Recent HPD violation details
- Class AInspected May 8, 2026(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
- Class CInspected Apr 15, 2026§ 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MIS…
- Class IInspected Nov 18, 2025§27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE…
- Class AInspected Apr 19, 2021(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
- Class IInspected Oct 25, 2018§27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE…
Recent ACRIS activity
Frequently asked questions about 254 WATER STREET
Who owns 254 WATER STREET?
The current registered owner of record for 254 WATER STREET per NYC PLUTO is 260 WATER ST LLC. The most recent ACRIS deed transfer for this BBL was recorded on August 7, 2025 when the property was conveyed to 260 WATER ST LLC. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.
When was 254 WATER STREET last sold?
The most recent ACRIS deed transfer for 254 WATER STREET was recorded on August 7, 2025, when WATER STREET TIC LLC; WATER STREET VENTURES LLC; WATER STREET TIC 3 LLC; WATER STREET TIC 2 LLC conveyed the property to 260 WATER ST LLC for $20.30M. The transaction was financed with a $10.15M mortgage from M & T Realty Capital Corporation.
How many HPD violations does 254 WATER STREET have?
No open HPD housing-maintenance code violations are on record for 254 WATER STREET as of May 18, 2026. The building is registered with NYC HPD's landlord-registration system. HPD violation data is pulled daily from the NYC Open Data violations feed.
What is the assessed value of 254 WATER STREET?
NYC Department of Finance assesses 254 WATER STREET at $2.13M for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.
What building class is 254 WATER STREET and what does that mean?
254 WATER STREET is NYC building class D1 — Elevator, semi-fireproof. A semi-fireproof elevator apartment building. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.