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Despite its apparent connection with Brooklyn's Pete's Ale House, the food here is considerably better. Old-timer Waterfront Ale House has long been Kip's Bay's favorite neighborhood bar, shading into gastropub territory with its slightly-sophisticated-for-bar-food offerings. The hamburger is solid and reliable, the nachos more well-cheesed than they need to be. But check the evening chalkboard specials, which include rather daring things for a bar, such as diverse fish carefully broiled, various chops and cutlets, and, especially, meal-size salads that seem aimed at the ladies. The main draw here, though, is an extensive on-tap beer list, including the products of craft brewers from all over the country.