Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $699,000

· Closed January 5, 2018

387 GRAND Street #K502
Closed For Sale Co-op

$699,000

$841 per sq ft

387 GRAND Street #K502

Lower East Side, Manhattan

SEWARD PARK COOP

MLS® #RLS10049084

RLS at REBNY

Listing by Loho Realty Inc.

1

Bedroom

1

Bath

831

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 831 sq ft
Year Built N/A
Ownership Co-op
Maintenance $620.03/mo
Neighborhood Lower East Side

Property Highlights

  • Exposure: East,North facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths null Full
Exposure East,North
Pets Yes
Living Area 831 sq ft
Parcel # 0311-0013-00387-000-000K502

Listing History

Event Date Price Change
Listed Oct 26, 2017 $699,000 -
Currently May 9, 2026 $699,000 -

Description

Great Location AND Priced to Sell! This 1 bedroom layout is the largest Seward Park has to offer and centrally located (step from transportation and all the LES has to offer). This is the ideal apartment to customize from start-to-finish and make your own! Upon entry you will enjoy a generously sized living room. The eat-in kitchen (windowed) can be opened up towards the living room and foyer areas to create an even larger loft-like space. The large bedroom can accommodate a king-sized bed and offers 2 exposures allowing for even more light. Other features include a windowed bath and ample closet space throughout. Amenities include 2 private parks complete with playgrounds & water park, a fully equipped fitness center, indoor children's playroom, 24/7 lobby attendant, 24/7 very modern laundry room, on-site maintenance, community garden, composting, bike storage, shared work space, and community room complete with modern kitchen for events. Short walk to Lower East Side shops, bars and restaurants; Chinatown; Little Italy and cultural venues. Subleasing after 2 years of ownership. Shareholder required to continue to pay base maintenance in addition to a sublet fee. Starting sublet fee is 50% of maintenance and increases periodically. Sublease fee percentages subject to change. Dogs allowed subject to registration/approval. Washers / dryers allowed in-unit pending co-op approval. Monthly assessment of $51.12 thru July 2019.

Features & Amenities

Interior Features

Common Area

Building Information

Financial Details

Maintenance $620.03/mo

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

116

Median Asking Price

$1.30M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

10

Price Reduced

28%

Sold (30 Days)

5

Median Sale Price

$1.14M

Live data from RLS at REBNY • Updated 5/9/26, 5:24 AM EST

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Location

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387 GRAND Street #K502, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
21
Floors
866
Residential Units
R8
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $74,142,450
Land Value: $8,955,000
Exemptions: $1,871,744

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

Lot Area: 293,600 SF
Building Area: 1,025,341 SF
Built FAR: 3.49
Allowed FAR: 6.02

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 monthly maintenance are $620.03 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 831 square feet. Verify dimensions independently during due diligence.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

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

At the current list price of $699,000 for 831 sq ft, the asking price per square foot is approximately $841. 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: RLS10049084
First Listed: 10/26/2017
Closed: 1/5/2018
Contract Date: 10/23/2017

Listing Courtesy of Loho Realty Inc. - Jacob Goldman

Listing Contact: (212) 388-1115

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 5/9/2026 at 9:24 AM UTC

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