# 265 Cherry Street, Manhattan

Apartment building · 490 units · built 1979 · Block 247, Lot 1.

On Umarelli: https://umarelli.org/nyc/1002470001/265-cherry-street

More construction in Lower East Side: https://umarelli.org/nyc/manhattan/lower-east-side.md

## Building permits

- Alteration, filed Aug 10, 2026, estimated cost $50K, described as “Relocation of parking spaces from lot 2 to lot 1. No change of use or occupancy, no change to light and air under this application.”
- Alteration, filed Jan 4, 2023, estimated cost $15K, described as “Proposed installation of a temporary sidewalk shed as per plans submitted. Work shall comply with 2014 building codes, chapter 33. No change in use, egress or occupancy.”
- Alteration, filed Jan 4, 2023, estimated cost $15K, described as “Proposed installation of a temporary sidewalk shed as per plans submitted. Work shall comply with 2014 building codes, chapter 33. No change in use, egress or occupancy.”
- Alteration, filed Dec 22, 2022, estimated cost $117K, described as “Facade repairs as per plans; no change to use, egress, or occupancy.”
- Alteration, filed Dec 14, 2022, estimated cost $194K, described as “Facade repairs as per plans; no change to use, egress, or occupancy.”
- Alteration, filed Apr 27, 2022, estimated cost $1K, described as “Install new Curb Cut in conjunction with alt-co M00695921”
- Alteration, filed Apr 27, 2022, estimated cost $1K, described as “Install new Curb Cut in conjunction with alt-co M00695921”
- Alteration, filed Apr 12, 2022, estimated cost $100K, described as “Relocation of existing parking on lot and change to attended parking”
- Alteration, filed Jul 16, 2021, estimated cost $13K, described as “Mechanical work in conjunction with alt-1”
- Alteration, filed Jul 16, 2021, estimated cost $13K, described as “Mechanical work in conjunction with alt-1”
- Alteration, filed Jul 16, 2021, estimated cost $14K, described as “Modification of sprinkler/standpipe system in conjunction with alt-1”
- Alteration, filed Jul 16, 2021, estimated cost $14K, described as “Modification of sprinkler/standpipe system in conjunction with alt-1”
- Alteration, filed May 22, 2021, estimated cost $1K, described as “Temporary reconfiguration of accessory off-street parking spaces for 265 and 275 Cherry street as per CO#79730”
- Major Renovation — Tower, filed Mar 23, 2021, estimated cost $227K, 245 units in all, 26 stories, described as “Application filed to reflect changes to egress at 1st floor and relocated tax lot line. No change to occupancy and no change to existing zoning lot.”
- Major Renovation — Tower, filed Mar 23, 2021, estimated cost $219K, 245 units in all, 26 stories, described as “Application to reflect changes to egress at 1st floor and relocated tax lot line. No change to occupancy and no change to existing zoning lot.”
- Alteration, filed Nov 21, 2017, estimated cost $10K, described as “Proposed installation of heavy duty sidewalk shed for remedial repairs as per plans. No change in use occupancy or egress under this application. Live load 300 per square feet. Sidewalk shed shall comply with chapter # 33 of the 2014 code”
- Alteration, filed Nov 21, 2017, estimated cost $10K, described as “Alteration type 3 - construction equipment - sidewalk-shed proposed installation of heavy duty sidewalk shed for remedial repairs as per plans. No change in use occupancy or egress under this application. Live LOAD300 per square feet.…”

## Property taxes

- Assessment: $60,635,250
- 2026–27 tax: $163,207
- Market value (city estimate): $134,745,000
- Taxable value: $0
- Assessed land: $7,036,200
- Assessed improvements: $53,599,050

## Tax breaks

- Article XI exemption, through Jun 30, 2027, about $7,542,419 a year below the full tax.

## Zoning

C6-4: floor area ratio 6.35 built, 10.00 allowed by base zoning.

## Recent sales

- Dec 28, 2020: $423,957,600, 657,592 sq ft ($645 per sq ft)

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).

## Board and land use applications

- Two Bridges - Text Amendment (City Planning P2018M0340): Completed, filed Apr 12, 2018, decided Jan 14, 2022. This is an application by the NYC Manhattan Borough President and NYC Council Member for Council District 1 requesting a text amendment to ZR Section 78-24 to include a provision requiring a special permit for modifications of the Two…
- Two Bridges - LSRD Mod - 259 Clinton St (6A) (City Planning P2016M0334): Completed, decided Apr 5, 2022. This is a private application by LE1SUB, LLC requesting a certification pursuant to ZR Section 32-435 and a modification of the Two Bridges Large Scale Residential Development to facilitate a new 63-story, 593,407 zsf, 765 dwelling unit,…
- Two Bridges - LSRD Mod - 260 South St (5) (City Planning P2015M0599): Completed, decided Apr 19, 2021. This is a private application by Two Bridges Associates, LP requesting a modification of the Two Bridges Large Scale Residential Development to facilitate a new 69-story, 1,125,301 zsf, 1,350 dwelling unit, mixed-use development, including…
- Two Bridges - LSRD Mod - 247 Cherry St (4A-4B) (City Planning P2016M0321): Special permit, Completed. This is a private application by Cherry Street Owner, LLC requesting a modification of the Two Bridges Large Scale Residential Development to facilitate a new 80-story, 503,911 zsf, 660 dwelling unit, mixed-use development, including…
- Two Bridges (HealthCare Chaplaincy) (City Planning P2012M0479): Completed, decided Aug 23, 2013. Minor modification to an existing large-scale residential development to faciliate the development of a new palliative care building (HealthCare Chaplaincy).

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology