Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $690,000

· Closed October 20, 2025

550 GRAND Street #G11D
Closed For Sale Co-op

$690,000

550 GRAND Street #G11D

Lower East Side, Manhattan

Hillman Housing Corporation

MLS® #RLS20021979

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1945

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1945
Ownership Co-op
Maintenance $1,462/mo
Neighborhood Lower East Side
Floor 11 of 12

Property Highlights

  • Views: Other
  • Outdoor Space: Terrace
  • Climate Control: Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 11 of 12
View Other
Cooling Other
Pets Yes
Year Built 1945
Structure Type HighRise
Basement Other
Block/Lot 00331/0120

Listing History

Event Date Price Change
Listed May 7, 2025 $599,000 -
Price Reduced Oct 21, 2025 $699,000 +16.7%
Currently May 1, 2026 $690,000 -1.3%

Description

A Rare Opportunity-First Time Available in 30 Years! Bring Your Vision to This Exceptional High-Floor Home with a Spectacular Private Terrace

This generously proportioned one-bedroom home is a true hidden gem, perched on a high floor and offering tranquil western views of open sky and a lush canopy of treetops. But the standout feature? A magnificent, oversized private terrace-perfect for dining al fresco, gardening, or simply soaking in the sunsets with a glass of wine.

A gracious entry foyer welcomes you into the residence, leading into an expansive living room illuminated by two west-facing windows. The sense of space and airiness continues throughout, enhanced by 8'7" beamed ceilings, refinished parquet wood floors, and abundant closet space, including two walk-ins.

The windowed eat-in kitchen has been fully renovated with rich wood cabinetry and striking black granite countertops, offering both style and function-with ample space to dine comfortably. The bedroom features double exposures and easily accommodates a king or queen bed with room for additional furnishings.

This home is a blank canvas waiting for your perfect renovation, offering endless potential to create your dream home in one of the Lower East Side's most desirable co-ops.

Hillman Co-op Amenities include on-site parking ($225/month and up), two private gated parks with seating and playgrounds, in-building laundry, gym, 24-hour security, on-site management, and more. Building entry is conveniently located on Lewis Street.

Ideally situated near the F, J, M, and Z trains at Delancey/Essex, F at East Broadway, and M14A SBS just around the corner. Enjoy nearby Essex Crossing with Trader Joe's, Target, Pickle Guy, Kossars, Doughnut Plant, Essex Market, Regal Cinema, and more.

Pet-friendly (dogs up to 35 lbs. with registration).

Don't miss this unique chance to create a one-of-a-kind home with outdoor space to match the interior potential!

Features & Amenities

Interior Features

Building Other

Exterior Features

Building Courtyard Private Outdoor Space Under60 Sqft Terrace

Building Amenities

Common Playroom Storage

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $1,462/mo
Original Price $599,000
Sale Price $690,000
Previous Price $699,000

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

110

Median Asking Price

$1.28M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

9

Price Reduced

30%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/1/26, 11:44 AM EST

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Location

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550 GRAND Street #G11D, Lower East Side, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1949
Year Built
77 years old
12
Floors
525
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $33,624,450
Land Value: $6,300,000
Exemptions: $961,881

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

Lot Area: 129,224 SF
Building Area: 532,006 SF
Built FAR: 4.12
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 $1,462 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1945, making it approximately 81 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.

Pets are permitted at this property: 35 lbs Up to 35 Lb,Building Pets Allowed Comments:35 lbs Up to 35 Lb. Contact the listing broker for weight limits or breed restrictions.

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: RLS20021979
First Listed: 5/7/2025
On Market: 5/7/2025
Price Changed: 10/21/2025
Closed: 10/20/2025
Contract Date: 5/7/2025

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Mark D Friedman

Listing Contact: (212) 381-2379

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 5/1/2026 at 3:44 PM UTC

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