250 West Street Building Exterior
250 West Street Lounge
250 West Street Pool
250 West Street Gym
250 West Street Terrace
250 West Street Building Exterior
250 West Street Lounge
250 West Street Pool
250 West Street Gym
250 West Street Terrace

Undivided Assessment · Tribeca · Value Index: B (84/100)

250 West Street: A Pre-War Loft Conversion on the Tribeca Waterfront

Overview

250 West Street is a 106-unit loft condominium on the Tribeca waterfront, a 1906 warehouse converted to residences around 2013 with frontage on the Hudson River.

  • Supply profile: With 106 residences the building is of medium size rather than boutique, so resale supply within the building exists, but the loft floor plans are varied enough that few units compete directly.

  • Layout advantage: Residences run from lofts near 1,000 square feet to four bedroom homes, several with ceilings up to thirteen feet, arched windows, and the open proportions of the original warehouse.

  • Design and architect quality: El Ad Group converted the Romanesque Revival warehouse with GNA Architects, keeping the masonry and arched window openings while adding solid oak floors, custom kitchens, and modern systems.

  • Location asset: The building sits at the western edge of Tribeca on Hudson River Park, with open river views to the west, though it is further from the subway than the eastern parts of the neighborhood.

KEY BUILDING FACTS
Year Built
1906
Number of Units
106
Developer
El Ad Group
Architect
GNA Architects
Management Company
MD2
Building Amenities
Bike room. Concierge. Doorman. Full-time. Elevator. Live-in super, Package room, Storage space, Wellness and recreation, Children's playroom, Swimming pool, Shared outdoor space
FINANCIAL SUMMARY
Monthly Common Charges / HOA
$1,361 to $2,492 (varies by unit size and floor)
Monthly Taxes
$1,065 to $2,039 (varies by unit size and floor)
Special Assessments
None currently reported
Tax Abatement
None publicly listed
Undivided's Assessment

250 West Street holds up well on both character and cost. The 1906 warehouse gives the residences something newer buildings cannot manufacture: ceilings up to thirteen feet, arched windows, and the deep proportions of an industrial loft, carried into the conversion with solid oak floors, custom kitchens, and updated systems. The amenity set is strong for a building of this size, with a 61 foot pool, a fitness center, a sauna, a library lounge, a children's playroom, and a 5,000 square foot roof terrace with Hudson River and skyline views. At 106 units the building is large enough to support that amenity load without the charges climbing out of line.

The investment case is unusually clean for a building at this price point. Carrying costs are low: on a recent two bedroom that sold near five million dollars, common charges and taxes together ran about $4,500 a month, with no abatement and no special assessments, which is well below what comparable Tribeca and downtown buildings carry. That keeps the cost of holding the asset down and supports resale. The honest caveats are about location and price rather than fundamentals. The building sits on the western edge of Tribeca along West Street, a busy corridor that trades subway proximity for Hudson River frontage and views, so buyers who rely on the train should test the walk. And while carrying costs are low, entry prices are high in absolute terms, and the conversion premium from 2013 has largely been absorbed, so appreciation should be expected in line with Tribeca rather than ahead of it.

Undivided Value Index™ Score
OVERALL SCORE:
View our full methodology

250 West Street

B (84/100)
Character Profile

A pre-war loft building for buyers who want Tribeca character, river views, and low carrying costs, and who are comfortable trading subway proximity for a waterfront edge.

SCORE BREAKDOWN BY CRITERION:
Location Power
20%
[85/100]
Western edge of Tribeca on Hudson River Park, with open river views to the west. Tribeca prestige is high, but the West Street corridor is busy and the subway is further than in the eastern part of the neighborhood, so transit is the location's main compromise.
Amenity ROI
15%
[86/100]
Strong for the size: a 61 foot pool, fitness center, sauna, library lounge, children's playroom, and a 5,000 square foot roof terrace with river and skyline views, supported by 24 hour doorman and concierge service. Common charges stay moderate, so the amenity value is real.
Financial Fundamentals
20%
[86/100]
A clear strength. Recent studio to two bedroom sales carried roughly $1,065 to $2,039 a month in taxes and $1,361 to $2,492 in common charges, with no abatement and no special assessments. Total carrying cost is low for the price point.
Build & Systems Quality
15%
[85/100]
A 1906 Romanesque Revival warehouse converted around 2013, keeping the masonry and arched windows while adding solid oak floors, custom kitchens, and modern systems. Loft ceilings up to thirteen feet. Pre-war structure with updated mechanicals.
Sustainability & Wellness
10%
[76/100]
A pool, sauna, and fitness center give the building solid wellness depth, and the waterfront setting adds light and air. No LEED or wellness certification publicly noted for the building.
Appreciation Upside
10%
[80/100]
Tribeca is one of the most durable submarkets in Manhattan and pre-war lofts hold value well. The 2013 conversion premium has largely been absorbed, so appreciation should track the neighborhood rather than outpace it.
Rental & Exit Liquidity
5%
[82/100]
A standard warrantable condominium in Tribeca with broad buyer demand and low carrying cost, which supports resale. High absolute prices narrow the pool at the top of the stack.
Lifestyle Fit
5%
[85/100]
A strong fit for buyers who want loft volume, river views, and a quieter waterfront setting, including families drawn to the larger homes and playroom. Less suited to buyers who need the subway at the door.
What Makes This Building Worth Owning
Adaptive Reuse and Systems Quality

  • El Ad Group converted the 1906 warehouse with GNA Architects, preserving the Romanesque Revival masonry and the arched window openings that give the building its identity on the waterfront.

  • The conversion added solid oak floors, custom kitchens, and updated mechanical systems, so the loft character of the original structure is paired with the systems buyers expect today rather than left as raw industrial space.

Layout Advantage
  • The residences keep the proportions of the original warehouse: ceilings up to thirteen feet, deep floor plates, and arched windows that bring in light and frame the river on the western exposures.
  • Layouts range from lofts near 1,000 square feet to four bedroom homes, so the building serves both downsizers who want a single grand floor and families who need real room counts, a wider range than most conversions offer.
Design Integrity
  • The conversion treated the warehouse as an asset to preserve rather than a shell to gut, keeping the masonry, the window rhythm, and the industrial scale intact.
  • The result is a building with a clear and durable identity, the kind of authentic pre-war loft character that Tribeca buyers consistently pay for and that new construction cannot reproduce.
Investment Case
  • Tribeca is one of the most stable luxury submarkets in Manhattan, and pre-war loft buildings within it have shown durable demand across cycles.
  • The stronger part of the case here is cost. Low common charges and low taxes, with no abatement to expire, mean the cost of holding the asset is modest relative to its price, which both supports resale and lowers the carrying risk for an owner. Appreciation should be expected in line with Tribeca.
Amenity Depth

  • For a 106 unit building the amenity set is deep and well used: a 61 foot pool, a fitness center, a sauna, a library lounge, and a children's playroom, alongside a 24 hour doorman and concierge.

  • The 5,000 square foot roof terrace, with river and skyline views, a sundeck, and dining areas, gives residents genuine outdoor space on the waterfront, and the moderate common charges mean these amenities do not come at an outsized monthly cost.

Inside This Building
Photos
250 West Street Living Room
250 West Street Bathroom
250 West Street Kitchen
250 West Street Bedroom
250 West Street Bedroom
250 West Street Living Room
250 West Street Living Room
250 West Street Bathroom
250 West Street Kitchen
250 West Street Bedroom
250 West Street Bedroom
250 West Street Living Room
Video
Neighborhood Map

250 West Street sits at the western edge of Tribeca on Hudson River Park, with open views across the river and direct access to the waterfront greenway. The setting is quieter and more residential than the eastern parts of the neighborhood, and the park and river are the location's defining assets. The trade off is transit: the nearest subways at Franklin Street and Chambers Street are a longer walk than in central Tribeca, so the location rewards buyers who value the water and the calm over a train at the door. Tribeca itself remains one of the most durable and liquid luxury markets in Manhattan.

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