# 120 Water Street, Manhattan

Hotel · built 2020 · Block 39, Lot 41.

On Umarelli: https://umarelli.org/nyc/1000390041/120-water-street

More construction in Financial District: https://umarelli.org/nyc/manhattan/financial-district.md

## Building permits

- No Work, filed Nov 17, 2023
- No Work, filed Dec 1, 2022
- Alteration, filed Sep 28, 2022, estimated cost $9K, described as “Non illuminated non advertising accessory rooftop enclosure with removable panels - inside property line - no copy. No change of use, egress, or occupancy.”
- Alteration, filed Oct 26, 2021, estimated cost $300, described as “Non illuminated sign on marquee permitted under application M00525166 - hotel indigo. No change of use, egress or occupancy.”
- Alteration, filed Jun 10, 2021, estimated cost $1K, described as “Hereby filing for installation of a new marquee. This application is filed in conjuction with NB#122222077”
- Alteration, filed Dec 7, 2020, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 16, 2019, estimated cost $1K, described as “Temporary means and methods construction equipment for concrete form work installation, worker platform system. Outside wall platform system at select locations of 9TH thru 25th floor and roof top bulk head at south and north elevations.…”
- Alteration, filed May 15, 2019, described as “Installation of sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $9,659,700
- 2026–27 tax: $1,047,884
- Market value (city estimate): $21,466,000
- Taxable value: $9,659,700
- Assessed land: $1,920,600
- Assessed improvements: $7,739,100

## Zoning

C5-5: floor area ratio 18.92 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).

## Board and land use applications

- LOWER MANHATTAN ARCADES TEXT (City Planning P2011M0115): Completed, decided May 16, 2011. 11DCP075M: TEXT AMENDMENT TO ALLOW MOVEABLE TABLES AND CHAIRS IN ARCADE S NEARBY TO WATER STREET

## In the news

[Hotel Indigo at 120 Water Street Awaits Grand Opening in the Financial District, Manhattan](https://newyorkyimby.com/2021/12/hotel-indigo-at-120-water-street-awaits-grand-opening-in-the-financial-district-manhattan.html), New York YIMBY, Dec 19, 2021.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology