Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,950,000

· Closed September 16, 2024

259 BOWERY #5
Closed For Sale Condo

$1,950,000

$1,345 per sq ft

259 BOWERY #5

Lower East Side, Manhattan

MLS® #RLS10983878

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

1

Bath

1,450

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,450 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $1,200/mo
Property Taxes Contact for details
Neighborhood Lower East Side
Floor 5 of 6

Property Highlights

  • Views: City
  • Exposure: East,North,West facing
  • Outdoor Space: None, Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 1 Full
Floor 5 of 6
View City
Exposure East,North,West
Pets Yes
Year Built 1910
Living Area 1,450 sq ft
Structure Type HighRise
Basement Other
Parcel # 0427-1006
Block/Lot 00427/7501

Listing History

Event Date Price Change
Listed May 8, 2024 $2,200,000 -
Price Reduced Sep 17, 2024 $1,999,999 -9.1%
Currently May 3, 2026 $1,950,000 -2.5%

Description

Lower East Side Loft Living at it's Best! This historic 1910 converted condo with stunning modern improvements aims to impress with its three exposures, soaring ceilings, and floor-to-ceiling windows on two sides of the loft. Step into the apartment from your keyed elevator, and into an entertainer's dream kitchen by Boffi with an impressive appliance package from Gaggenau. Dishes are less of a chore when you're looking out a large window with sky and neighborhood views! Entertain a large crowd in your 23 ft wide living room complete with recessed speakers or, cozy up around the gas fireplace with a smaller group.

This legal one bedroom is currently set up as an extra large one-bedroom with an office / second bedroom and could easily be converted to a legal two bedroom , two bath. The bedroom features soaring ceilings, an extra large closet, and a balcony to start or unwind your day. The office/bedroom is large enough for a full bed and has a window with an unobstructed view. Luxuriate in the spa-like bathroom with a rain shower and large, soaking tub. Extensive closet space throughout the apartment offers a clutter-free life! The LG washer and dryer are hidden in one of the many closets. Located right on the Bowery with several diverse restaurant options, Whole Foods and, The New Museum, all with easy access to the 6, F, M, B, D, R, J, Z, and W trains. Don't miss this exciting opportunity.

Features & Amenities

Interior Features

Smoke Free Building None Washer Hookup In Unit Fireplace (1)

Exterior Features

Balcony None Balcony

Building Amenities

Storage

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 6
Structure HighRise

Financial Details

Common Charges $1,200/mo
RE Taxes Contact for details
Original Price $2,200,000
Sale Price $1,950,000
Previous Price $1,999,999

The Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of historic walk-up cooperatives, value-driven HDFC units, and ultra-modern condominiums that offer some of the best views in Downtown Manhattan.

Lower East Side Live Market Data

View Neighborhood

Active Listings

113

Median Asking Price

$1.27M

Median $/Sqft

$1,407

Avg Days on Market

N/A

New This Week

11

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/3/26, 9:06 AM EST

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Location

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259 BOWERY #5, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
6
Floors
5
Residential Units
C6-1
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,028,850
Land Value: $135,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,493 SF
Building Area: 11,644 SF
Built FAR: 4.67
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,200 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 1,450 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $1,950,000 for 1,450 sq ft, the asking price per square foot is approximately $1,345. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10983878
First Listed: 5/8/2024
On Market: 5/8/2024
Price Changed: 9/17/2024
Closed: 9/16/2024
Contract Date: 5/8/2024

Listing Courtesy of Douglas Elliman Real Estate - Rebekah Carver

Listing Contact: (646) 489-4446

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/3/2026 at 1:06 PM UTC

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