# 250 Bowery, Manhattan

Condominium · 24 units · built 2010 · Block 507, Lot 7502.

On Umarelli: https://umarelli.org/nyc/1005077502/250-bowery

More construction in Little Italy: https://umarelli.org/nyc/manhattan/little-italy.md

Every lot on block 507: https://umarelli.org/nyc/manhattan/507.md

## Building permits

- Alteration, filed Oct 7, 2024, estimated cost $88K, described as “Bulkhead roof to be repaired. No change in use, occupancy, or egress under this application”
- Alteration, filed Jan 23, 2024, estimated cost $24K, described as “Installation of interior non-load bearing partitions, install new bathroom. No change to occupancy, use or egress.”
- Alteration, filed May 26, 2022, estimated cost $21K, described as “Rerouting of mechanical duct work as per plans filed. No change to use,egress or occupancy proposed.”
- Alteration, filed Dec 12, 2019, estimated cost $25K, described as “Herewith filing mechanical work scope includes partial removal of mechanical equipment for heating and cooling. No change in use, egress or occupancy filed under this application.”
- Alteration, filed Dec 10, 2019, estimated cost $75K, described as “Herewith filing sprinkler application for modification of existing sprinkler system on 1ST floor. The scope of work includes the removal of 3 heads and relocation of 13 concelaed heads. No change in use, egress or coccupancy filed under…”
- Alteration, filed Dec 10, 2019, estimated cost $5K, described as “Herewith filing of plumbing work. Scope includes the removal of 1 existing toilet, 3 existing lavatories and 1 drinking fountain and installation of new plumbing pipping for existing fixtures. No change in use, egress or occupancy filed…”
- Alteration, filed Oct 24, 2019, estimated cost $468, described as “Erect an illuminated business accessory wall sign. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $8,989,198
- 2026–27 tax: $936,705
- Market value (city estimate): $19,976,002
- Taxable value: $7,745,321
- Assessed land: $575,095
- Assessed improvements: $8,414,103
- Condo units with their own tax lots: 26

## Tax breaks

- Nonprofit exemption (benevolent), with no end date, about $103,734 a year below the full tax.

## Zoning

C6-1: floor area ratio 4.50 built, 6.00 allowed by base zoning.

## Recent sales

- Jun 25, 2026: $5,800,000, Unit RET
- Sep 26, 2025: $1,700,000, Unit RES
- May 12, 2025: $4,540,000, Unit PHD
- Apr 28, 2025: $975,000, Unit RES
- Mar 7, 2025: $2,975,000, Unit PHB
- May 23, 2024: $1,155,000, Apt 6D
- Oct 2, 2023: $3,970,000, Unit PHC
- Aug 24, 2023: $1,140,000, Apt 5D
- Aug 2, 2023: $1,225,000, Apt 6C
- Feb 17, 2023: $1,150,000, Apt 6E

The 10 most recent of 18 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

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