Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $925,000

· Closed November 24, 2025

Closed For Sale Condo

$925,000

$933 per sq ft

291 Cherry Street #B1

Lower East Side, Manhattan

MLS® #RLS20036969

RLS at REBNY

Listing by EXP Realty NYC

2

Bedrooms

1

Bath

991

Sq. Ft.

1986

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 991 sq ft
Year Built 1986
Ownership Condo
HOA/Common Charges $599/mo
Property Taxes $4,440.72/yr
Neighborhood Lower East Side
Floor 1 of 3

Property Highlights

  • Exposure: East,West facing
  • Style: WalkUp architecture
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Floor 1 of 3
Exposure East,West
Heating Natural Gas
Cooling Wall Units
Pets Yes
Cross Street Rutgers Slip/Jefferson Street
Year Built 1986
Living Area 991 sq ft
Architectural Style WalkUp
Parcel # 0246-1002
Block/Lot 0246/7501

Listing History

Event Date Price Change
Listed Jul 15, 2025 $995,000 -
Currently May 1, 2026 $925,000 -7.0%

Description

Motivated Seller!!!-- Bring ALL offers.
Show-Stopping Value Meets Downtown Style at 291 Cherry Street, Unit B1: Gracious 2BR w/ Bridge Views | Best Value Downtown!

Welcome to Unit B1 at 291 Cherry Street — a rare, oversized two-bedroom, one-bathroom condominium in the vibrant Two Bridges neighborhood that offers space, value, and endless potential in one of Manhattan’s most exciting, evolving enclaves.

This ground-floor gem features an expansive layout with a king-sized primary bedroom, a generously sized second bedroom, and an abundance of closet space throughout. The spacious living and dining area easily accommodates entertaining, working from home, or cozy nights in. The kitchen’s practical design offers a perfect canvas for personal customization—ideal for creating your dream home.

With low monthlies, strong financials, and the flexibility only true condo ownership provides, Unit B1 delivers unmatched value in a market where both space and affordability are rare.

Location is everything: Nestled between the Lower East Side and Chinatown, Two Bridges has been called “once quiet, now at the edge of change” by The New York Times. Widely regarded as one of Manhattan’s fastest-changing markets, Two Bridges is experiencing a significant rise in both interest and investment per square foot. You're just moments from the East River Esplanade, Essex Market, and multiple subway lines (F, M, J, Z, B, D, 6), and steps to an ever-expanding roster of cultural and culinary hotspots.

Whether you're upsizing, rightsizing, or simply launching your next chapter in New York, this is the opportunity you’ve been waiting for. Don’t miss your chance to own in one of Manhattan’s emerging hidden gems. Schedule your showing today!

Features & Amenities

Interior Features

Dining Area Common Area

Exterior Features

Building Garden

Building Information

Financial Details

Common Charges $599/mo
RE Taxes $4,440.72/yr ($370/mo)
Original Price $995,000
Sale Price $925,000
Previous Price $995,000

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

111

Median Asking Price

$1.27M

Median $/Sqft

$1,393

Avg Days on Market

N/A

New This Week

9

Price Reduced

31%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/1/26, 10:14 AM EST

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Location

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291 Cherry Street #B1, Lower East Side, New York County • Near Rutgers Slip/Jefferson Street

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1986
Year Built
40 years old
3
Floors
57
Residential Units
C6-4
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,994,461
Land Value: $350,397
Exemptions: $304,225

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

Lot Area: 42,811 SF
Building Area: 56,553 SF
Built FAR: 1.32
Allowed FAR: 10

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 $599 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $4,440.72, or roughly $370 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 991 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1986, making it approximately 40 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $925,000 for 991 sq ft, the asking price per square foot is approximately $933. 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: RLS20036969
First Listed: 7/15/2025
On Market: 7/15/2025
Price Changed: 9/23/2025
Closed: 11/24/2025
Contract Date: 6/13/2025

Listing Courtesy of EXP Realty NYC - JAY M PEGRAM

Listing Contact: (917) 755-1414

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 5/1/2026 at 2:14 PM UTC

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