SOLD FOR $1,240,000
· Closed April 12, 2023
196 ORCHARD Street #5B
MLS® #RLS10913384
Listing by Douglas Elliman Real Estate
1
Bedroom
1
Bath
657
Sq. Ft.
2017
Year Built
Quick Summary
Property Highlights
- New Construction: Brand new building
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Jun 3, 2022 | $1,425,000 | - |
| Price Reduced | Apr 13, 2023 | $1,325,000 | -7.0% |
| Currently | May 4, 2026 | $1,240,000 | -6.4% |
Description
Sold with multiple offers! 196 Orchard Street 5B, New York NY 10002 is a prime downtown loft style one-bedroom with top-of-the-line finishes and spacious layout in one of the Lower East Sides best located new developments. The most sought-after layout in the building, 5B features an oversized kitchen, the largest closet space, and is currently the only unit for sale without sponsor's transfer taxes. As an added perk, an oversized Penthouse-size storage unit may be included with the sale.
This brand new bright sleek one-bedroom features full service living, retro-industrial design, and sublime finishes. From the gracious entry foyer, experience high ceilings, distressed concrete, and hand-hewn white oak floors. Both the living room and primary suite enjoy enormous bronze casement windows, direct sunlight, open sky, and charming cityscapes with northeast and partial southern exposures for natural light all day. The stunning chef's kitchen features Nero Marquina marble balanced by warm walnut millwork. The full bathroom, conveniently located off the hall features Blue de Savoie marble and blackened nickel Waterworks fixtures. Enjoy luxury Miele appliances, in-unit Washer Dryer and designer upgrades including oversized customized closets, a custom dining island, and gel fireplace.
Residents are afforded a curated selection of modern amenities including a 4,100 square foot rooftop with multiple outdoor lounge areas furnished for sunbathing, staggering views of the city, and ability to serve your guests on the chef's table prepared in one of the two outdoor kitchens. A 30,000 square foot Equinox Fitness occupies the base of the building, for which residents enjoy reduced membership pricing. Full-service living includes 24-hour doorman, porters, handyman and resident building manager. Designed by globally acclaimed architect Ismael Leyva and New York based Inc. Architecture and Design, 196 Orchard's stunning fa ade marries turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious, layered in handcrafted bronze and glazed brick imported from Spain. Prime location at Houston and Orchard offers immediate access to some of the hottest boutiques, restaurants, and galleries in the City, with easy access to transportation right outside your door. Pied-a-terres, rentals and guarantors permitted.
Features & Amenities
Interior Features
Appliances
Building Information
Financial Details
About Lower East Side
View All Lower East Side ListingsThe 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 NeighborhoodActive Listings
113
Median Asking Price
$1.27M
Median $/Sqft
$1,407
Avg Days on Market
N/A
New This Week
9
Price Reduced
29%
Sold (30 Days)
4
Median Sale Price
$1.12M
Live data from RLS at REBNY • Updated 5/3/26, 10:53 PM EST
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Location
196 ORCHARD Street #5B, Lower East Side, New York County • Near STANTON STREET and EAST HOUSTON STREET
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $933 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $11,616, or roughly $968 per month. Verify the current assessment with your attorney before closing.
This property has 1 bedroom and 1 full bathroom.
The listed interior living area is 657 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2017, making it approximately 9 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 $1,240,000 for 657 sq ft, the asking price per square foot is approximately $1,887. 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) 416-7433Listing Courtesy of Douglas Elliman Real Estate - Lydia Sussek
Listing Contact: (917) 721-7853
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 Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:53 AM UTC