Situated in the heart of the insurance district, 77 Water Street occupies the entire East side frontage of Water Street between Gouverneur Lane to the North and Old Slip to the South. The property runs all the way through the block to Front Street on the East, covering approximately 60% of an acre.

The biplane on the roof sculpture was designed by Rudolph de Harak and executed by the sculptor William Tarr in 1969 and installed by the developer, the William Kaufman Organization.
It's a full-size model of a WW1 Sopwith Camel, complete with runway.

It was put there to amuse inhabitants of surrounding scyscrapers.


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