Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
457 FDR Drive #A502
Interested in this property?
Active For Sale Co-op

$595,000

457 FDR Drive #A502

Lower East Side, Manhattan

MLS® #RLS20093703

RLS at REBNY

Listing by Keller Williams NYC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1956

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 212,250 sq ft
Year Built 1956
Ownership Co-op
Maintenance $1,075/mo
Neighborhood Lower East Side

Property Highlights

  • Location: Lower East Side, Manhattan
  • Property Type: Co-op
  • Built: 1956

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Pets Yes
Year Built 1956
Structure Type HighRise
Lot Size 212,250 sq ft
Block/Lot 00263/0008

Listing History

Event Date Price Change
Listed May 26, 2026 $595,000 -
Currently May 27, 2026 $595,000 -

Description

If you are looking for a bucolic, leafy location with a downtown vibe, Apartment A502 is a must-see! This spacious, light-dappled residence looks directly into the lush, manicured garden from the many windows in all rooms, which provide exceptional light throughout the day. Mature plantings create a natural green screen that provides a level of privacy rarely seen in a 5th floor apartment. Anchored by the bright, expansive living/dining combo, you can easily imagine making memories with friends and family when hosting large-scale or intimate gatherings. The updated and beautifully appointed windowed kitchen will delight whether you are a home chef or takeout aficionado with its expansive granite countertops, warm maple cabinetry and a full suite of stainless-steel appliances. When it is time to retire, the commodious bedroom will accommodate a full suite of king furnishings without compromise. The bathroom is fresh and bright, also with a window that offers leafy views! Add classic parquet flooring, closets galore, and check, check, check! East River Co-ops is comprised of four buildings and was originally built for iron workers in the 1950s. Residents enjoy a 24-hour lobby, fitness center, common laundry, and children’s playrooms. Flexible ownership allows gifting, guarantors, and pied-a-terre ownership. Subletting is permitted, with board approval, after two years of ownership. Sorry, dogs are not permitted. Residents can walk across the overpass to the FDR Drive and find the newly refurbished East River Park. The park provides jogging paths, tennis courts, baseball and soccer fields as well as an amphitheater. Just a short walk to Trader Joe’s and The Essex Street market, and public transportation provided by many bus lines and the J/M/F/Z subway, and local Citibike stations make this location unbeatable!

Features & Amenities

Interior Features

Common On Floor Common Area Laundry Room

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 833
Stories 21
Structure HighRise
Association East River Housing Corp.

Financial Details

Maintenance $1,075/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

120

Median Asking Price

$1.28M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

4

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/27/26, 2:58 PM EST

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Location

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457 FDR Drive #A502, Lower East Side, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1955
Year Built
71 years old
20
Floors
833
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $81,285,300
Land Value: $7,155,000
Exemptions: $1,679,526

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

Lot Area: 212,250 SF
Building Area: 923,000 SF
Built FAR: 4.35
Allowed FAR: 3.44

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 $1,075 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1956, making it approximately 70 years old.

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.

Pet policy requires confirmation with the listing broker. Additional notes: No dogs,Building Pets Allowed Comments:No dogs

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: RLS20093703
First Listed: 5/27/2026
On Market: 5/26/2026
Price Changed: 5/27/2026
Contract Date: 4/28/2026

Listing Courtesy of Keller Williams NYC - Michael Matt

Listing Contact: 6109085478

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 5/27/2026 at 6:58 PM UTC

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