Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $570,000

Listed at $599,000 · Sold 4.8% below asking · Closed July 24, 2025

Closed For Sale Co-op

$599,000

$799 per sq ft

550 Grand Street #GGA

Lower East Side, Manhattan

MLS® #RLS20002603

RLS at REBNY

Listing by LoHo Realty Inc

1

Bedroom

1

Bath

750

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 750 sq ft
Lot Size 129,224 sq ft
Year Built 1949
Ownership Co-op
Maintenance $1,096/mo
Neighborhood Lower East Side

Property Highlights

  • Exposure: East,South facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Exposure East,South
Pets SizeLimit
Year Built 1949
Living Area 750 sq ft
Structure Type MultiFamily
Lot Size 129,224 sq ft
Parcel # 0331-0120-00550-000-0000GGA
Block/Lot 331/120

Listing History

Event Date Price Change
Listed Feb 6, 2025 $599,000 -
Currently May 1, 2026 $599,000 -

Description

**All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.** Sun-filled 1-bedroom apartment featuring southern views overlooking the unique charm of Grand Street! The highlight of this apartment is the open living/dining concept boasting an expansive space with a wall of windows allowing light to flood into the apartment. At the opposite end is a very large bedroom which can easily accommodate a king-sized bed, dresser, armoire, end tables & more! Other apartment features include a large foyer upon entry, windowed bath, 5 closets (consider opening the frame and combining the two side-by-side closets in the hallway to create one massive walk-in for incredible storage), hardwood parquet floors and Hillman’s charming 9 ft. beamed ceilings throughout. Co-op amenities (additional fees and wait lists may apply) include 24/7 state-of-the-art fitness center and 24/7 modern laundry room, children’s playroom, private parks and playground, on-site super & maintenance staff, community garden, composting, bike storage, parking, electronics recycling & clothing donation. Washers/dryers allowed with management approval. Dogs (up to 35lb. weight limit) are allowed subject to registration, fee & approval. Co-purchase, pied-a-terre and gifting are allowed. Subleasing after 2 years of ownership. Short walk to Target, Trader Joes, Essex Market, Regal Cinemas & more! Transportation: M14A, M14D, M21, & M22 buses. J, M and F trains at Delancey & Essex Streets. F train at East Broadway & Rutgers Streets.

Features & Amenities

Interior Features

Building In Basement

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 533
Stories 12
Structure MultiFamily

Financial Details

Maintenance $1,096/mo
Sale Price $570,000

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, 2:13 PM EST

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Location

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550 Grand Street #GGA, Lower East Side, New York County

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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 $1,096 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.

The listed interior living area is 750 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1949, making it approximately 77 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: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent

At the current list price of $599,000 for 750 sq ft, the asking price per square foot is approximately $799. 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: RLS20002603
First Listed: 2/7/2025
On Market: 2/6/2025
Price Changed: 2/7/2025
Closed: 7/24/2025
Contract Date: 1/18/2025

Listing Courtesy of LoHo Realty Inc - Jacob J 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 5/1/2026 at 6:13 PM UTC

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