254 Water Street
Brooklyn · 11201 · BBL 3000420018
254 Water Street is a multi-family elevator building in Brooklyn Heights, Brooklyn, ZIP 11201. City records date it to 2002 and count 26 residential units. The city's property file lists the owner of record as 260 Water St LLC. Its most recent total assessed value is $2.4M.
The ownership chain
The most recent recorded deed is dated Aug 7, 2025, transferring the lot to 260 Water St LLC for a stated $20.3M. PulseCities holds 1 recorded deed for this lot. Deeds recorded through July 31, 2026, the most recent day the city has published.
A deed names a party of record. Stated consideration of $0 usually marks a transfer between related parties rather than a sale.
Ownership transfers
| Party taking title | Recorded | Amount |
|---|---|---|
| 260 Water St LLCDEED from Water Street Tic LLC | Aug 7, 2025 | $20.3M |
| M & T Realty Capital CorporationASST from Sig Cre 2023 Venture LLC | Aug 7, 2025 | |
| Fannie MaeASST from M & T Realty Capital Corporation | Aug 7, 2025 |
Deeds and assignments recorded in ACRIS, one row per document. Amount is the stated consideration; $0 often marks a non-arms-length transfer. An assignment moves a lender's paper and is not a sale. Source: NYC ACRIS, current through July 31, 2026.
What the eviction record shows
No executed eviction is on record at 254 Water Street in the citywide marshal file, which runs from April 2024.
Rent stabilization at this address
DHCR registration records list 3 rent-stabilized units at this building in 2021, the most recent year PulseCities holds. That is down from 26 units in 2018. Registration is building-level and does not settle the status of any single apartment; the rent history does. Checking your own apartment starts with the free rent history. How to check rent-stabilized status →
Open violations
HPD and DOB inspectors have written 3 violations against this building, of which 2 remain unresolved. The most serious open grade here is immediately hazardous, with 1 open violation.
Classes run A (non-hazardous) to C (immediately hazardous); DOB class I carries a vacate order. Source: NYC HPD violations, current through August 26, 2026.
311 housing complaints
9 complaints in the past 12 months
NYC 311 housing and building complaints logged for this address. Source: NYC 311, current through August 26, 2026.
How 254 Water Street compares in 11201
PulseCities tracks 3,322 lots in 11201, of which 72 carry an executed eviction from the marshal record, which starts in April 2024, and 163 carry a deed from the shorter ACRIS window. 11201 scores 24.6 out of 100 for displacement pressure, 122 of 177 scored NYC ZIP codes. The full signal breakdown for Brooklyn Heights →
Watch 254 Water Street
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Questions about 254 Water Street
Who owns 254 Water Street?
The most recent deed on file for 254 Water Street names 260 Water St LLC. Deeds record the party that took title, which is often a holding company rather than the operator managing the building. That deed was recorded Aug 7, 2025.
How much did 254 Water Street sell for?
The most recent deed states a consideration of $20.3M, recorded Aug 7, 2025 in ACRIS. Stated consideration is what the parties filed, and it can differ from the economics of the deal.
Have there been evictions at 254 Water Street?
No executed eviction at 254 Water Street appears in the NYC evictions dataset, which PulseCities holds from April 2024 forward. Executed evictions are the end of the process, so a building with none may still have active housing court cases.
Is 254 Water Street rent stabilized?
DHCR registrations list 3 stabilized units at this building in 2021. Registration is building-level, so it does not settle whether one apartment is stabilized. The free rent history from NYS Homes and Community Renewal does.
What is the displacement risk around 254 Water Street?
11201 (Brooklyn Heights) scores 24.6 out of 100 on the PulseCities displacement index. The score reads five ZIP-level signals: eviction rate, LLC acquisition rate, permit intensity, assessment spikes, and 311 complaint volume. It describes the area around the building, not the building itself.
Sourced from NYC public records: ACRIS deeds, DOB permits, the NYC evictions dataset, and 311. Records reflect what agencies have published and can lag events.