252 South Street #53B, New York City, NY 10002
Listing Courtesy of Compass
$2,199,000
Potential Rebate: $32,985
Overview
Invest in Elevated Living at One Manhattan Square: A Rare Opportunity in NYC Real Estate
Seize a unique investment opportunity with this luxury 2-bedroom, 2-bathroom condominium at One Manhattan Square, one of New York City's premier full-service residential towers. Offering panoramic views, world-class amenities, and one of the last 20-year tax abatements in the city, this property is a rare blend of financial prudence and modern sophistication.
Strategic Investment with Lasting Value
Located in Manhattan’s rapidly evolving Lower East Side, this residence is ideally positioned for long-term appreciation. The 20-year tax abatement ensures significantly reduced carrying costs, amplifying your return on investment while protecting against volatile market shifts. Few properties in NYC offer such an attractive balance of luxury living and financial foresight.
High-End Design Meets Urban Demand
The unit features floor-to-ceiling windows framing unobstructed views of the Brooklyn skyline and downtown Manhattan—an in-demand asset for discerning tenants or future resale. An open-concept floor plan, top-tier Miele appliances, and automated window treatments add to its marketability and contemporary appeal.
Turnkey Luxury for Tenants or Owners
The master suite includes a spa-inspired bathroom with radiant heat flooring and glass-enclosed shower, while the second bedroom offers flexibility for high-income renters seeking a home office or guest space. Premium finishes and thoughtful design ensure a strong position in NYC’s competitive rental or resale market.
A Vertical Resort in the Heart of the City
Ownership includes access to over 100,000 square feet of amenities—a major differentiator in today’s luxury rental landscape. Features include a private cinema, full-service spa, indoor pool, state-of-the-art gym, landscaped gardens, and a 24/7 concierge service—all designed to attract and retain high-value tenants.
Prime Location with Cross-Borough Connectivity
One Manhattan Square sits at the convergence of Lower Manhattan’s cultural energy and Brooklyn’s creative momentum. Proximity to Chinatown, the East River Esplanade, and major transit hubs enhances both livability and rental appeal.
Whether you're building your portfolio or securing a future home with appreciating value, One Manhattan Square offers a compelling opportunity to invest in New York’s next chapter of luxury living.
Home Features
- •Central Air
- •Building Washer Dryer Install Allowed
- •Common On Floor
- •Common Area
- •In Unit
- •Garage
- •Breakfast Bar
- •High Ceilings
Building Amenities
- •Garage
Estimated Monthly Payment
$12,255 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$32,985
Monthly savings impact
$92/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20034859
Price Analysis
Compare average listing prices and value metrics for One Manhattan Square against the surrounding Two Bridges market.
Average List Price
Price Per SqFt
5.33% Higher
than the Two Bridges price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Two Bridges.
Two Bridges
Overview of Two Bridges
Two Bridges is a waterfront neighborhood nestled between the Brooklyn Bridge and the Manhattan Bridge on the Lower East Side. It is a diverse, resilient community that has become a new frontier for luxury development. For buyers eyeing Two Bridges Manhattan real estate, it offers arguably the most spectacular bridge and river views in the city.
Living in Two Bridges is dynamic. You are at the crossroads of Chinatown and the new waterfront. As an evolving Manhattan NYC neighborhood, it blends winding historic streets with soaring new glass towers that have redefined the skyline.
Real Estate & Housing Market
The market for homes for sale in Two Bridges is a tale of two cities. On one hand, you have affordable co-ops and tenements; on the other, massive new luxury developments like One Manhattan Square offer resort-style amenities and premium pricing.
It is an investment hotspot. Buyers are attracted by the value proposition: luxury units here often cost less per square foot than in Tribeca, yet offer water views that are superior.
Lifestyle & Community
The lifestyle in Two Bridges is local and grounded. Residents shop at the nearby Chinatown markets and run along the East River Esplanade. It is less polished than Battery Park City but feels more authentic.
The community is a vibrant mix of long-time working-class families and new residents in the luxury towers. It is a neighborhood in the midst of a dramatic transition.
Transportation & Accessibility
Two Bridges is served by the F train at East Broadway. It is slightly further from the subway core than other neighborhoods, which contributes to its "hidden" feel.
However, the access to the FDR Drive is immediate, and the East River Ferry stop at Corlears Hook provides a scenic commute to Midtown or Wall Street.
Parks, Schools & Amenities
The neighborhood is flanked by waterfront parks, offering basketball courts and running tracks under the bridges. It has a raw, cinematic beauty.
Amenities in the new buildings are world-class (swimming pools, bowling alleys, private gardens), compensating for the lack of high-end retail on the immediate streets.
Who This Neighborhood Is Best For
Two Bridges is best for value-seeking luxury buyers who prioritize views and amenities over a central location, and for those who love the energy of the waterfront.
